AP Interest Bearing Account

TheOneWizard · #1 08-30-2007, 03:44 PM

This is straight from the newsletter they just emailed me.

[ QUOTE ]
Better than the Bank- Elite members can now earn 9% interest on their AP account balance with our new interest bearing account.

[/ QUOTE ]

The email didn't go into specifics and I can't find anything on their website. Does anyone know anything about this? I don't want to get my hopes up too soon for something cool.

I'll email the VIP Dept and see what I can find out.

sawseech · #2 08-30-2007, 04:35 PM

requirements for elite status, and how is elite status maintained

Palomino · #3 08-30-2007, 04:50 PM

It's not that difficult to get elite status. 40k VIP points I believe and 10k/month after that. Only need to get 10k every other month. And the points are easy to earn.

RiverFenix · #4 08-30-2007, 04:58 PM

Only need to play 20k hands month or so if elite to maintain at 1/2+. Pretty awesome, please post their response.

Abbaddabba · #5 08-30-2007, 05:35 PM

I generally do 60kish VIP points a month, and they only require 10k.

Very easy to maintain.

It's about 7,500 hands at midstakes (10/20+) a month.

This solves a lot of problems for me as far as investment income goes. But it also brings an interesting new twist on the whole tax issue for canadians, since investment income is clearly taxable. Revealing the investment income from a poker account already sets off warning bells for other unconventional sources of income.

luckyjimm · #6 08-30-2007, 05:48 PM

WTF, 9% is more than savings accounts pay here in the UK.

edfurlong · #7 08-30-2007, 05:51 PM

[ QUOTE ]
WTF, 9% is more than savings accounts pay here in the UK.

[/ QUOTE ]

We get like 29% in the land of the free.

teddyFBI · #8 08-30-2007, 06:18 PM

what r u talking about w/ 29%

ING savings accts in the US are paying only around 5% now. 9% would be incredible...unless i'm missing something.

Bobo Fett · #9 08-30-2007, 06:23 PM

[ QUOTE ]
what r u talking about w/ 29%

ING savings accts in the US are paying only around 5% now. 9% would be incredible...unless i'm missing something.

[/ QUOTE ]
You're missing the fact that he's messing with you. The giveaway was when he said he was "in the land of the free"...he doesn't live in Canada, AFAIK. [img]/images/graemlins/grin.gif[/img]

dboy23 · #10 08-30-2007, 06:31 PM

zomg 9% kicks ass.