Quote from: dllhg on December 03, 2017, 02:26:28 AM

Quote from: jenlex13 on December 03, 2017, 02:04:53 AM

Quote from: beeteeseas on December 03, 2017, 01:57:53 AM

Could someone who is better at math tell me, what would Weekly rate have to drop to, to make yearly 70% the better option?

1 month has 4 weeks.. so 4 x 12 = 48 then 70% divide by 48 = 1.45%

1.45% weekly is equivalent to 70% yearly

so if weekly rate is 1.40% ( 67.2% yearly if you park weekly) .. Then yearly parking will be the best option at 70%.

Some are not considering the compounded interest with daily and weekly. Can make the interest gains 10X higher that 70% yearly even at 1.45%. Yearly you dont get that at all until a year passes. HUGE difference.

You can use the 72 rule - at x% interest per week you double the money in 72/x weeks.
If weekly rate stays at 5% you double the initial amount in 72/5=~14.5 weeks.
Of course you should park every week the earnings too.