At the moment, the Reserve Bank of Australia has set the Official Cash Interest Rate at 1.5%. This means that, if you invest $100 for one year, you will be paid back $101.50 at the end of those 365 days. There is virtually zero risk that you won't get your money.
Elsewhere, today, there is another offering. If you invest $100 for the next 10 hours, you might be paid back $137 around 10pm tonight. There is a chance that you might lose your money. I wonder how close to zero people think that risk is.
Remember: Please bet responsibly.
RBA Official Interest Rate
Moderators: Saintsational Administrators, Saintsational Moderators
-
perfectionist
- Saintsational Legend
- Posts: 9053
- Joined: Mon 30 Jul 2007 3:06pm
- Has thanked: 60 times
- Been thanked: 353 times
-
Jacks Back
- Saintsational Legend
- Posts: 6607
- Joined: Sat 11 Jun 2011 4:52pm
- Location: Here
- Has thanked: 1326 times
- Been thanked: 467 times
Re: RBA Official Interest Rate
We're $3.25 which would give you back $325 for $100 (i.e up $225) so not sure on your math.
As ex-president Peter Summers said:
“If we are going to be a contender, we may as well plan to win the bloody thing.”
St Kilda - At least we have a Crest!
“If we are going to be a contender, we may as well plan to win the bloody thing.”
St Kilda - At least we have a Crest!
-
perfectionist
- Saintsational Legend
- Posts: 9053
- Joined: Mon 30 Jul 2007 3:06pm
- Has thanked: 60 times
- Been thanked: 353 times
Re: RBA Official Interest Rate
Hint: It's the other team.Jacks Back wrote:We're $3.25 which would give you back $325 for $100 (i.e up $225) so not sure on your math.