Quote:
Originally Posted by Dr. Drib
I'd rather that I earn interest in MY account (before I purchase something), rather than have Kobo earn interest. (The approx. 14% savings in a book purchase is not that important to me.)
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Hmmm... what is the current interest rate paid on a savings account in your area? In this area, a high interest rate would be 5% annual though in most cases, that is only paid for the first 90 days and there are nasty bits such as a $5.00 charge for any transaction (deposit or withdrawal). For most people, 2.50% is the more likely high rate.
Hmmm... quick visit to the calculator. $60 at 2.50% compounded annually would give you $69.58 after 6 years. At 5%, you would take 3 years to reach $69.46. Compare this to the immediate 16.67% return (60x1.16667 is 70.00).
So if you are planning on spending $70 or £70 on ebooks over the next year, the ROI from purchasing a $/£60 gift card and getting the bonus $/£10 gift card is definitely the better choice.