Anybody else getting hosed on AP's 9% interest?

ShiftyFifty · #1 11-09-2007, 01:33 PM

I usually keep around 18-25k at AP. For 1 month at 9% annual interest, I figure I'm due for around $150. Instead I get $26. Am I missing something here besides about $125?

Lucky · #2 11-09-2007, 02:13 PM

yeah, i think you can't have made a withdrawal recently. call and get specifics, but when they told me I remember thingking wtf, i'll never see any interest.

ibluffoldladies · #3 11-09-2007, 02:20 PM

hah, you mean you don't know all the **conditions/details until they screw you over?

jkpoker · #4 11-09-2007, 04:10 PM

its a cool idea but its not that effective the way they have it set up

Suigin406 · #5 11-09-2007, 04:13 PM

i haven't looked into this much other than what i read here, but i'm not surprised this interest deal is not nearly as good as i thought, also not surprising that absolute is misrepresenting something

cassette · #6 11-09-2007, 04:19 PM

To be fair all the conditions are clearly stated on their website. 9% interest only gets paid if you do not make any withdrawals or transfers during the month. Not sure why you would get underpaid though. Seems like you would get nothing.