|
Nearly every town
has a bank where you can go to request a loan, open a savings account or
declare bankruptcy if the need ever arose. Every bank in the world of
Land Grab TM is a unique institution that sets its own savings
and loan rates and determines its own banking policies. Whether you
are borrowing money or depositing your hard-earned gold into a savings
account, it is important to shop around for a bank offering good rates.
 LOANS:
When you borrow money from a bank,
your balance will accrue interest at the posted rate. All rates will
gradually change over time. Each bank will determine the amount they
are willing to loan you. If one bank won't loan you money, another
possibly will. You may never take more than one loan every 30 minutes
regardless of which bank you go to. All banks require minimum payments
to be made periodically on loans. They will notify you when a minimum
payment is required. These wild west bankers have ways to collect from
colonies who forget to pay them back!
SAVINGS ACCOUNTS:
When you have excess gold laying
around, consider opening a savings account at your local bank. The
bank will pay you the currently posted interest rate (which changes
regularly). In addition, each colony is only able to hold 10,000 gp in
their colony. The bank allows you to store an unlimited amount.
DECLARING BANKRUPTCY:
If you become hopelessly in debt
and can't seem to get ahead, you may visit your local bank and declare
bankruptcy. If they agree that your situation is grave, they will file
your bankruptcy papers which will erase all of your debts at all financial
institutions and cause all of your land, resources, settlers and other
possessions to be forfeited. Your slate will be wiped clean and you
will be allowed to start over. You may only declare bankruptcy once
per day.
|
