If you have a bank balance above $0, you can earn interest on those savings if you have Financial Advisors employed at your club.
The optimum situation to earn interest = have 8 Financial Advisors with a balance of $1 600 000.
Financial Advisors | Interest Rate | Minimum Cash Required |
1 | 0.95% | $157,895 |
2 | 1.80% | $176,471 |
3 | 2.55% | $200,000 |
4 | 3.20% | $230,769 |
5 | 3.75% | 272,727 |
6 | 4.20% | $333,333 |
7 | 4.55% | $428,571 |
8 | 4.80% | $600,000 |
9 | 4.95% | $1,000,000 |
8 | 4.80% | $1,635,417 |
7 | 4.55% | $1,725,275 |
6 | 4.20% | $1,869,048 |
5 | 3.75% | $2,093,334 |
4 | 3.20% | $2,453,125 |
3 | 2.55% | $3,078,432 |
2 | 1.80% | $4,361,112 |
1 | 0.85% | $8,263,158 |
Jargon’s FA-Helper: FA-Helper.xls (36kb)
This spreadsheet is for maximising your interest income, based on your current balance, and the number of Financial Assistants (FAs) you have.
Insert your current balance, insert the number of FAs you currently have, and read the result.