W/ rising interest rates will sites have to offer interest on balances

[Uglyowl]

With money market and CD rates on the rise will sites have to start to offer interest on balances to have players keep money there?

I know I am starting to think of reducing my roll to take advantage.

Do any sites offer this now? I know Party and others used to.

[toss]

Party used to offer interest on your $$? Really? Thats crazy.

[Nicholasp27]

prolly not

but i'd keep anything more than br that i'd need immediately at ingdirect or emmigrant-direct

u can always link your neteller to them and then replenish your poker br if u hit a -20 buyin streak or something

[Mempho]

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Party used to offer interest on your $$? Really? Thats crazy.

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Yep...it was called Bonus-On-Balance instead of "interest." It had a couple of requirements...

a) You had to play a certain amount of raked hands per month
b) You could have no more than 2 cashouts per month
c) Your account balance could never drop below $100
d) You could only earn bonus on $10,000 max

They did this prior to the poker explosion and I used to make a few hundrud dollars per year on this. The interest was 10% paid and compounded monthly....so, if you had over $10,000 average daily balance, it would $83.33 for the month. At first, they stopped giving bonus-on-balance with new accounts....then, last year, we all received e-mails stating that BOB was being ended for the grandfathered players.

[FlFishOn]

"will sites have to start to offer interest on balances to have players keep money there?"

Not only will you get no interest, as rates rise the value of screwing everyone out of their BRs and scooting with the loot goes up. If you think about it it's obvious. Does that mean it happens? No, just increased risk.

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Party used to offer interest on your $$? Really? Thats crazy.

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Yeah, I remember that, it was 10% annual paid monthly on your balance up to $10,000. They stopped offering it but those who had it grandfathered in for about a year or so and then they cut it out completely. Was good for a couple hundred a year.