The administration of Plexfund (plexfund.com) has sent out a newsletter informing about the new plans they have come up with. As you know, previously Plexfund had long term plans which were 1.5%, 1.7% and 2.0% daily for 120 days. But now as per the newsletter they have replaced the previous long term plans with new short term ones. Let us have a look at the new short term plans.
The first plan will run for a period of 10 business days. The interest rate is 12.6% and it includes your principle (or you can say 2.6% per day). Minimum deposit is $25 and maximum is $5,000. The option of compounding is not available.
The second plan will also run for a period of 10 business days. The interest rate has increased to 13.4% and it includes your principle (or you can say 3.4% per day). Minimum deposit is $5,001 and maximum is $15,000. The option of compounding is not available.
The third plan will again run for a period of 10 business days. The interest rate has further increased to 15% and it includes your principle (or you can say 5.0% per day). Minimum deposit is $15,001 and there is no maximum investment limit. The option of compounding is not available.
I tried to compare the current plans with the previous plans and here is what I found out:
- Interest rate in the first plan has increased from 1.5% to 2.6%.
- Interest rate in the second plan has increased from 1.7% to 3.4%
- Interest rate in the third plan has increased from 2.0% to 5.0%
- The term has been reduced to only 10 days from the previous 120 days.
- Deposit range for the first plan remains the same as earlier but has changed for the second plan and third plan respectively.
- Payouts were made on calendar days before but now they are processed on business days only.
- The main benefit is that everyone is free to re-think about his/her investment after 10 days.
The plans were changed because of the good performance of the technical team as per the administration. The previous long term plan will continue till the end of the term for active investments. Plexfunds has been online for 132 days and keeps paying successfully. Please beware that there is a scam site with the name Plex Fund (www.plex-fund.com) which is not related to the original one (www.plexfund.com).
