Difference between revisions of "National Neopian Bank"

Latest revision as of 19:57, 21 April 2012

The National Neopian Bank (commonly just The National Neopian), based in Neopia Central, is the only bank in Neopia. A financial institution, the National Neopian can store some or all of a user's Neopoints and keep them safe from random events. The National Neopian provides interest on the funds a user has invested in their account, an annual rate based on the account type (which itself depends on the size of the investment) which must be collected by the user daily. the Bank manager is the only employee seen.

When a user signs up for a bank account, they are also entitled to the use of a Safety Deposit Box, in which they may store items instead of in their inventory, in order to keep them safe.

Users were able to acquire loans from 21st March 2000, with repayments begining to be debited from the 23rd March 2000. Loans were removed, as they were being abused by users, on 20th May 2000, and since then National Neopian has not offered any lending facilities - in the form of overdrafts, loans, or mortgages - to users. An opt-in PIN system, to protect a user's savings in the event another person accesses their account, was implemented on 8th February 2006. A PIN, once set, gives the user five attempts to enter the correct four digit code when withdrawing Neopoints before the withdraw feature is locked for about an hour.

Up to fifteen individual withdrawals may be made per day, after which the bank staff get angry and refuse to serve the user.

The National Neopian is featured in the game Trouble at the National Neopian.

Signing Up[edit]

When users initially sign up for a bank account, they are presented with sign-up form asking for the user's name, Neopian address, employment, account type and initial deposit.

Interest[edit]

Annual interest is calculate based on the account balance time the interest rate for the account type. This sum is divide by 365 (rounded up) to give a daily total for how much interest can be collected. Users must actively collect the daily interest manually, by clicking the Collect Interest button, which adds the interest directly into the account balance. If the user deposits or withdraws NeoPoints before collecting interest, it is forfeit for that day.

Interest is always calculated based on the current balance of a user's account - hence, as more neopoints are added (either deposited or collected as interest) or withdrawn, the amount of interest earned each day also changes.

Interest Rates[edit]

An interest rate is fixed for an account type. To upgrade an account to an account that pays more (or less) interest, a minimum balance must be reached. However, an account's balance can drop below this minimum amount after the account type is set to it without the account needing to be downgraded.

Account Name	Minimum Amount of NP	Interest Rate (per year)
Junior Saver	0 NP	4.5 %
Neopian Student	1,000 NP	5.5 %
Bronze Saver	2,500 NP	6.0 %
Silver Saver	5,000 NP	6.5 %
Super Gold Plus	10,000 NP	7.0 %
Platinum Extra	25,000 NP	7.5 %
Double Platinum	50,000 NP	8.0 %
Triple Platinum	75,000 NP	8.5 %
Diamond Deposit	100,000 NP	9.0 %
Diamond Deposit Plus	250,000 NP	9.5 %
Diamond Deposit Gold	500,000 NP	10.0 %
Millionaire Platinum	1,000,000 NP	10.5 %
Millionaire Double Platinum	2,000,000 NP	11.0 %
Millionaire Mega-Platinum	5,000,000 NP	11.5 %
Neopian Mega-Riches	7,500,000 NP	12.0 %
Ultimate Riches!	10,000,000 NP	12.5 %

Interest Rate Equations[edit]

annual rate of interest = (daily interest / account balance) * 365

daily interest = (annual rate of interest * account balance) / 365

account balance = (daily interest * 365) / annual rate of interest)

This third equation has been used to find out what balance is needed for a certain amount of daily interest, e.g.:

A user wants to make 1000 neopoints per day in interest with an 11% APR: 3319 * 1000 = 3,319,000 NP.

A user wants to make 1 million NP per day a user would need almost 2,920,000,000 NP at 12.5% APR.

The following table can be used by multiplying the interest a user wants to earn in a day by the number in the first column that corresponds to their interest rate (APR).

1 NP per day interest	APR
8112	4.5%
6637	5.5%
6084	6%
5616	6.5%
5215	7%
4867	7.5%
4563	8%
4295	8.5%
4056	9%
3843	9.5%
3650	10%
3477	10.5%
3319	11%
3174	11.5%
3042	12%
2920	12.5%

Figures in table above are rounded up, as the bank rounds up (for the purpose of giving NP in interest).

Trivia[edit]

For April Fools' Day 2009, the bank lampooned the real-world credit crunch by saying that they were cutting interest rates, while claiming it had nothing to do with the economic situation and encouraging users to "bank with confidence". The Skeith bank manager was shown wearing a barrel, rather than his usual suit. Each listed interest rate went down by one percentage point, but the actual payout remained the same.

External links[edit]

The National Neopian Bank
Neopedia: National Neopian Bank
Neopets TCG: Safety Deposit Box
Caption Competition: #388, #579, #672
Help File: What do the jobs at the bank mean?, What does the bank do?
Editorial: 3, 7, 9, 12, 26, 27, 31, 34, 36, 40, 41, 45, 55, 59, 61, 64, 67, 69, 70, 85, 99, 102, 103, 104, 115, 116, 130, 133, 138, 141, 147, 176, 192, 194, 195, 197, 205, 211, 219, 227, 229, 230, 235, 240, 244, 245, 247, 248, 258, 388

@@ Line 1: / Line 1: @@
-{{Construction| reason=More data needed and better organization}}
 {| align=right
 |http://images.neopets.com/shopkeepers/bankmanager.gif
 |}
-The '''National Neopian Bank''' is the center of all commerce within all [[Neopia]]. Residing within [[Neopia Central]], all [[Neopet]]s and users keep their [[Neopoints]] safely placed within this bank's secure storage safes. Users who have a certain number of [[NP]] placed within their walls have a special interest rate they can place on their stored money, netting them a yearly interest.
+The '''National Neopian Bank''' (commonly just ''The National Neopian''), based in [[Neopia Central]], is the only bank in [[Neopia]]. A financial institution, the National Neopian can store some or all of a user's [[Neopoints]] and keep them safe from [[random events]]. The National Neopian provides interest on the funds a user has invested in their account, an annual rate based on the account type (which itself depends on the size of the investment) which must be collected by the user daily. the [[Bank manager]] is the only employee seen.
-Originally, the National Neopian worked like a real bank, and users could take out loans at March 21, 2000. Accounts began to be debited on March 23, 2000, taking an amount of NP each day. On May 20, 2000, this feature was taken away and never came back because too many users were abusing the system.
+When a user signs up for a bank account, they are also entitled to the use of a [[Safety Deposit Box]], in which they may store items instead of in their inventory, in order to keep them safe.
-==Interest Rates==
+Users were able to acquire loans from [http://www.neopets.com/newfeatures/mar2000.phtml 21st March 2000], with repayments begining to be debited from the 23rd March 2000. Loans were removed, as they were being abused by users, on [http://www.neopets.com/newfeatures/may2000.phtml 20th May 2000], and since then National Neopian has not offered any lending facilities - in the form of [[wikipedia:overdrafts|overdrafts]], [[wikipedia:loans|loans]], or [[wikipedia:mortgages|mortgages]] - to users. An [[wikipedia:opt-in|opt-in]] [[wikipedia:PIN|PIN]] system, to protect a user's savings in the event another person accesses their account, was implemented on [http://www.neopets.com/nf.phtml?nf_date=2006-02-06 8th February 2006]. A PIN, [http://www.neopets.com/pin_prefs.phtml once set], gives the user five attempts to enter the correct four digit code when withdrawing Neopoints before the withdraw feature is locked for about an hour.
-{|border=1
-|-style="background:silver"
+Up to fifteen individual withdrawals may be made per day, after which the bank staff get angry and refuse to serve the user.
+The National Neopian is featured in the game [[Trouble at the National Neopian]].
+==Signing Up==
+When users initially sign up for a bank account, they are presented with sign-up form asking for the user's name, [[Neohome|Neopian address]], employment, account type and initial deposit.
+==Interest==
+Annual interest is calculate based on the account balance time the interest rate for the account type. This sum is divide by 365 (rounded up) to give a daily total for how much interest can be collected. Users must actively collect the daily interest manually, by clicking the ''Collect Interest'' button, which adds the interest directly into the account balance. If the user deposits or withdraws NeoPoints before collecting interest, it is forfeit for that day.
+Interest is always calculated based on the current balance of a user's account - hence, as more neopoints are added (either deposited or collected as interest) or withdrawn, the amount of interest earned each day also changes.
+===Interest Rates===
+An interest rate is fixed for an account type. To upgrade an account to an account that pays more (or less) interest, a minimum balance must be reached. However, an account's balance can drop below this minimum amount after the account type is set to it without the account needing to be downgraded.
+{|
+|-style="background:#eeeeee;"
 !Account Name !! Minimum Amount<br>of NP !! Interest Rate<br>(per year)
 |-
@@ Line 45: / Line 62: @@
 |}
-==Collecting Interest==
+===Interest Rate Equations===
-The interest is calculated as a daily distribution, rounded up.  However, you have to collect your daily interest manually.  To do this, visit the [http://www.neopets.com/bank.phtml bank] everyday.  Before you make any transactions, find the "collect interest" button and click on it.  If you do any transaction (deposit or withdraw) before you collect your interest, you will give up your interest of that day.
+''annual rate of interest'' = (''daily interest'' / ''account balance'') * 365
-==Safety Deposit Box==
+''daily interest'' = (''annual rate of interest'' * ''account balance'') / 365
-Added February 29, 2000, the '''safety deposit box''' (''SDB'' for short) is a free service provided with an account at the National Neopian. It can store as many [[item]]s as a user wants. Any items kept in the safety deposit box are safe from the [[Pant Devil]], [[Sludging]] etc. It also means users can carry more items by placing items from their [[inventory]] into the SDB. Users access the Safety Deposit Box by clicking on the ''"Shops"'' task bar button and then on the ''"safe"'' image in the toolbar.
+''account balance'' = (''daily interest'' * 365) / ''annual rate of interest'')
+This third equation has been used to find out what balance is needed for a certain amount of daily interest, e.g.:
+:''A user wants to make 1000 neopoints per day in interest with an 11% APR: 3319 * 1000 = 3,319,000 NP.''
+:''A user wants to make 1 million NP per day a user would need almost 2,920,000,000 NP at 12.5% APR.''
+The following table can be used by multiplying the interest a user wants to earn in a day by the number in the first column that corresponds to their interest rate (APR).
+{|
+|-style="background-color:#eeeeee;"
+!1 NP per day interest !! APR
+|-
+|8112 || 4.5%
+|-
+|6637 || 5.5%
+|-
+|6084 || 6%
+|-
+|5616 || 6.5%
+|-
+|5215 || 7%
+|-
+|4867 || 7.5%
+|-
+|4563 || 8%
+|-
+|4295 || 8.5%
+|-
+|4056 || 9%
+|-
+|3843 || 9.5%
+|-
+|3650 || 10%
+|-
+|3477 || 10.5%
+|-
+|3319 || 11%
+|-
+|3174 || 11.5%
+|-
+|3042 || 12%
+|-
+|2920 || 12.5%
+|}
+Figures in table above are rounded up, as the bank rounds up (for the purpose of giving NP in interest).
 ==Trivia==
-*Storing 1000 different items in your safety deposit box gives you the ''Pack Rat'' [[Avatar]].
+*For [[April Fools' Day]] 2009, the bank lampooned the real-world [[wikipedia:Financial crisis of 2007–2009|credit crunch]] by saying that they were cutting interest rates, while claiming it had nothing to do with the economic situation and encouraging users to "bank with confidence". The [[Skeith]] bank manager was shown wearing a barrel, rather than his usual suit. Each listed interest rate went down by one percentage point, but the actual payout remained the same.
-==See Also==
-*'''Games:''' [[Trouble at the National Neopian]]
-==External Links==
+==External links==
 *[http://www.neopets.com/bank.phtml The National Neopian Bank]
-*[http://www.neopets.com/safetydeposit.phtml Safety Deposit Box]
 *'''Neopedia:''' [http://www.neopets.com/neopedia.phtml?neopedia_id=73 National Neopian Bank]
 *'''Neopets TCG:''' [http://www.neopets.com/tcg/displayCard.phtml?edid=6&id=85 Safety Deposit Box]
-*'''Help File:''' [http://www.neopets.com/help_search.phtml?help_id=33 What do the jobs at the bank mean?], [http://www.neopets.com/help_search.phtml?help_id=73 How many items can your safety deposit box hold?], [http://www.neopets.com/help_search.phtml?help_id=112 What does the bank do?], [http://www.neopets.com/help_search.phtml?help_id=120 How do I get a Safety Deposit Box?], [http://www.neopets.com/help_search.phtml?help_id=374 How do I put something in or take something out of my safety deposit box?]
+*'''Caption Competition:''' [http://www.neopets.com/games/caption/caption_archive.phtml?place=388 #388], [http://www.neopets.com/games/caption/caption_archive.phtml?place=579 #579], [http://www.neopets.com/games/caption/caption_archive.phtml?place=672 #672]
-*'''Editorial:''' [http://www.neopets.com/newnt/index.phtml?section=editorial&week=3 3], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=7 7], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=9 9], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=12 12], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=26 26], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=27 27], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=31 31], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=34 34], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=36 36], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=40 40], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=41 41], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=45 45], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=55 55], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=59 59], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=61 61], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=64 64], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=67 67], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=69 69], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=70 70], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=85 85], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=99 99], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=102 102], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=103 103], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=104 104], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=115 115], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=116 116], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=130 130], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=133 133], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=138 138], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=141 141], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=147 147], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=176 176], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=192 192], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=194 194], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=195 195], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=197 197], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=205 205], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=211 211], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=219 219], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=227 227], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=229 229], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=230 230], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=235 235], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=240 240], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=244 244], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=245 245], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=247 247], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=248 248], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=258 258]
+*'''Help File:''' [http://www.neopets.com/help_search.phtml?help_id=33 What do the jobs at the bank mean?], [http://www.neopets.com/help_search.phtml?help_id=112 What does the bank do?]
+*'''Editorial:''' [http://www.neopets.com/newnt/index.phtml?section=editorial&week=3 3], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=7 7], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=9 9], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=12 12], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=26 26], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=27 27], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=31 31], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=34 34], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=36 36], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=40 40], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=41 41], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=45 45], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=55 55], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=59 59], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=61 61], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=64 64], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=67 67], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=69 69], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=70 70], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=85 85], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=99 99], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=102 102], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=103 103], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=104 104], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=115 115], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=116 116], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=130 130], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=133 133], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=138 138], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=141 141], [http://www.neopets.com/newnt/index.phtml?section=editorial&week=147 147], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=176 176], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=192 192], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=194 194], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=195 195], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=197 197], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=205 205], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=211 211], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=219 219], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=227 227], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=229 229], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=230 230], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=235 235], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=240 240], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=244 244], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=245 245], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=247 247], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=248 248], [http://www.neopets.com/ntimes/index.phtml?section=editorial&issue=258 258], [http://www.neopets.com/ntimes/index.phtml?section=editorial&week=388 388]
-[[Category: Neopets Terminology]]
+[[Category:Neopets Terminology]]
-[[Category: Neopian Locations]]
+[[Category:Shops]]
-[[Category: Shops]]
+[[Category: Neopia Central]]

Difference between revisions of "National Neopian Bank"

Latest revision as of 19:57, 21 April 2012

Contents

Signing Up[edit]

Interest[edit]

Interest Rates[edit]

Interest Rate Equations[edit]

Trivia[edit]

External links[edit]

Navigation menu

Difference between revisions of "National Neopian Bank"

Latest revision as of 19:57, 21 April 2012

Signing Up[edit]

Interest[edit]

Interest Rates[edit]

Interest Rate Equations[edit]

Trivia[edit]

External links[edit]

Navigation menu

Search