National Neopian Bank
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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.
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.
Signing Up
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, annual salary, account type and initial deposit. Actual personal information isn't required - the form is for appearances only.
The list of jobs - all alliterative - the form includes is as follows:
The annual salary section includes the following options:
- 10,000 NP and below
- 10,000 to 25,000 NP
- 25,001 to 40,000 NP
- 40,001 to 60,000 NP
- 60,001 to 90,000 NP
- 90,001 to 120,000 NP
- 120,001 NP and above
Upon signing up, all new applicants receive 30 Neopoints.
Withdrawing Neopoints
You are only permitted to remove Neopoints from your bank account 15 times in one day. Some users have chosen to use the PIN feature in order to protect their Neopoints. If you guess your own Neopets PIN incorrectly 5 times in a row, you will be locked out from typing your pin and/or withdrawing Neopoints for about an hour.
Collecting Interest
Interest is calculated as a daily distribution, rounded up. However, users must actively collect the daily interest manually. To do this, a user visits the bank everyday. Before any transactions are made, the user clicks the collect interest button, which awards the user their interest for the day. This interest is added to their bank deposit total. If the user deposits or withdraws NeoPoints before collecting interest, it is forfeit.
Interest Rates
| 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 % |
Finding Specific Rates
Equations
In the following equations, x corresponds to the quantity of NeoPoints (NP) in a bank account, y is NP per day in interest, and z is interest rate, converted to a decimal.
- To find Interest rate: y / ( x / 365 )
- To find NeoPoints per day in interest: ( x * z ) / 365
- To find the quantity of NP required for a certain amount of interest per day at a certain percentage rate: ( y * 365 ) / z
This third equation has been used to create the following table which can be used by multiplying the interest a user wants to earn in a day (I) by the number in the first column that corresponds to their interest rate (APR). e.g.:
A user wants to make 1000 NeoPoints per day in interest with an 11% APR: 3319 * 1000 = 3,319,000 NP
To make 1 million NP per day a user would need almost 2,920,000,000 NP at 12.5% APR.
Chart
| 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% |
- NOTE: Figures in table above are rounded up, for exacting precision use the third equation above, also note that the bank rounds up (for the purpose of giving NP in interest).
Safety Deposit Box
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 items 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.
You can search by category, by keyword, or both at the same time to narrow down results to find an item. The categories in the safety deposit box are...
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Related Avatars
- Storing 1000 different items in your safety deposit box gives you the Pack Rat Avatar.
See Also
External links
- The National Neopian Bank
- Safety Deposit Box
- Neopedia: National Neopian Bank
- Neopets TCG: Safety Deposit Box
- Caption Competition: #388, #579, #672
- Help File: What do the jobs at the bank mean?, How many items can your safety deposit box hold?, What does the bank do?, How do I get a Safety Deposit Box?, How do I put something in or take something out of my safety deposit box?
- 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