Originally Posted by Crazyforinfo
A lot of people leave points sitting outside of their bank deposits.277000 points could be lost in the next 48 hours because of this
Yeah, I remember who you are! You were the one that could always step in and solve the math problems and you have done so today! 277K is the correct answer.Congratulations!As I sit here, I am doing my daughter's state income tax so I thought I would throw some numbers at you. Here is the answer.
1. Click on Shop Menu and then Shop Main - There you will see totals for all the points there are on The Cat Site. This may change before you see it but there are a total of almost 32 million points out there. Of these, about 4.6 million are sitting outside of member's banks and therefore drawing NO interest.
2. I have included Anne's link above that explains the new interest payout. It is .3% a day. So, 4.6 million points are losing that .3% of interest. I don't know what kind of fancy calculator you may have, but I just use a standard calculator:4,600,000 X .03 X 2 = 276,000
and since the numbers are constantly changing, something close to this would have been fine. The 2 in the equation represents the 2 days that 48 hours represent.
That's a lot of points being lost. Perhaps you are trying to help curb inflation?KatKwery (2,800 points)Do you keep your points in the bank? Are you aware of the time of your next interest payment? Are interest points important to you? Did the recent interest rate cut hurt?
(Don't worry, you can win 100,000
points right here, responding to these questions.)