Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
- Savers at the Bank of Nook are being driven to speculate on turnips and tarantulas, as the most popular video game of the coronavirus era mimics global central bankers by making steep cuts in interest rates.
The estimated 12m players of Nintendo’s cartoon fantasy Animal Crossing: New Horizons were informed last week about the move, in which the Bank of Nook slashed the interest paid on savings from around 0.5 per cent to just 0.05 per cent.
The total interest available on any amount of savings has now been capped at 9,999 bells — the in-game currency that can be bought online at a rate of about $1 per 1.9m bells.
–
johnnyFive · 1451 days ago · link ·
Funny story, I had no idea it paid interest at all. So when I got a present because rates were being slashed, I didn't really know what it was talking about. Meanwhile, I just netted 1.3 million bells thanks to the Turnip Exchange.