What Is The Interest Rate For An NSSF Loan?

I happen to come across a popular post regarding a company's finance department on social media. "Seriously, that person in the sales department is such an idiot! All I wanted was to claim reimbursement under her name for the bag I bought, and yet she still refused! "Since she doesn't want me to reimburse my bag, then she can forget about reimbursing everything! This time, I'll teach her a lesson about what happens when she offends a member of the finance department!" There are many bashing comments in the comment section, but the original poster doesn't care at all. She continues adopting a haughty tone. "What am I scared of? The finance department is extremely vital to the company! I refuse to believe that the boss has the courage to offend me, the most important person alive, just to stand up for a sales employee who's easily replaceable!" As I stare at the familiar profile picture belonging to the original poster, I can't help but mentally sneer. She wants to suspend all of my reimbursements, huh? Go ahead, then! This time, I'd like to see what the consequences are for offending a member of the finance department!

After my wife, Shannon Stewart, suggests that we each support our own parents, I set up a million-dollar retirement fund for my dad. However, when I review this month's household expenses, I notice that every single payment is made for the father of Sean Gardner, her childhood friend. "Sean's family is struggling. Why wouldn't I help them out? It's not like it's a lot of money." Shannon brushes it off. There are 13 separate expenses of around 100 dollars each in a single month. Yet when my dad needs 300 for medical bills, she prints out the receipt and tells me to reimburse the household account. Tired of arguing, I toss the statement aside and head inside. Then my dad's condition suddenly worsens, and he's hospitalized again. I rush to the bank to withdraw money from the retirement fund. "Your father isn't the beneficiary of this fund," the bank employee states coldly. "Are you sure you have the right account?" My mind goes blank. How is that possible? Every cent in that account is my hard-earned cash. The employee impatiently turns the computer monitor toward me. The account name on the screen clearly reads, "James Gardner's Retirement Fund." James is Sean's dad.

On the day I go to the car dealership to pick up my car, I'm told that the previous salesperson has resigned, so a different salesperson will attend to me. Yet the first thing the salesperson does is say that I paid too little for the car and demand that I pay more to make up the difference. "The other salesperson is truly an idiot. How could he sell a car for 300 thousand dollars in cash? It's no wonder he got chewed out and quit. If you want to take the car, you'll have to switch to a five-year loan with an interest rate of 12%." I'm rendered speechless as he blatantly tries to extort me. "I've already paid and signed the sales contract. You're breaching the contract!" The salesperson scoffs. "So what? The car is with us anyway. If you're not going to pay the difference, don't even think of taking the car with you!" I can't help but chuckle. I calmly pull my phone out of my suit pocket. "Walter, place Mr. Paul Roland's loan application on hold for now. He's earning big bucks for his business. It seems like he doesn't need it anymore."

The study-abroad list went up on the department bulletin board. Kevin's name sat at the top of the sponsored students column. Mine was stuck in the alternate slot. In front of the whole class, he waved it off like it was nothing. "I'm not going. Can't even afford it." The spot slid down to me. "Congrats, Nathan! You snagged the last public-funded spot!" Classmates crowded around to offer their congratulations. My advisor turned to my parents with a clasped-hand gesture. "Professor Reed, Professor Turner—congratulations! You must be so proud of your boy!" I took the acceptance letter, my chest swelling as I looked at three years of blood, sweat, and late nights finally paying off. Then my mom reached over, plucked it right out of my hands, and passed it straight to Kevin. She grabbed my arm, her face all twisted up with regret. "Kevin's the kid we sponsor—his parents can't afford to send him anywhere. This is his one shot to go abroad. You're our flesh and blood. You need to be the bigger person here and let him have it." Kevin clutched the letter, dropped to his knees with a thud, and thanked her. I stared at that letter—the one that decided my future—and thought about every single night I'd pulled all-nighters over the last three years. They handed my future over to someone else. Fine. If that's how they want to play it, then I don't want this family anymore.

My mother-in-law suffered a sudden brain hemorrhage and was rushed into the ICU. The hospital demanded a $200,000 surgery deposit immediately, so I rushed to the bank to raise my transfer limit. The trainee teller behind the counter took my ID card, swiped it through the reader, then stared at her screen for a long time. "Hello, ma'am. Our system has flagged this transaction as suspicious and potentially linked to elder fraud. Your account has been frozen." "That's impossible! That money is for emergency surgery! My mother is still waiting at the hospital!" The trainee gave me a perfectly rehearsed customer-service smile. "For the safety of your funds, we'll need the account holder to appear in person to unlock the account." I slammed my ID against the bulletproof glass and pointed at the name on it. "Open your eyes and read carefully! I am the account holder! Who else are you waiting for?" The trainee shrank back slightly, looking utterly wronged, then spoke into the microphone in a meek voice. "Ma'am, please control your behavior. The system's risk controls are determined by big data. There's nothing I can do. "If you continue shouting and disrupting financial order, I will have to call the police." Oh, I see. She wanted to play power games using company policy as a weapon? Fine. I was more than willing to play along.

It was almost New Year. I had just withdrawn money from the bank when I noticed that the amount on my passbook didn't match the cash in my hand. I counted carefully—my passbook showed a different figure than the five thousand dollars I was holding. Frustrated, I turned and went back to the counter to find the teller who had handled my transaction. Clutching the receipt, I tried to be polite. "Excuse me, I think there might be a mistake with this transaction." Instantly, she snapped, pointing her finger at my nose. "Don't you know that once you leave the counter, we are not responsible for any discrepancies?" I waved my hands, trying to explain. "No, wait, look again. I clearly withdrew five thousand dollars, but on my passbook, it shows…" She cut me off impatiently. "When you filled out the form, it was all right there. Once you leave the counter, it's not our problem. You signed the form yourself, confirming everything. Are we supposed to correct it every time someone claims a mistake after leaving the bank?" I froze. No wonder she kept repeating that the bank isn't responsible after leaving the counter. She thought I had come back to ask for more money. What I was really trying to explain was simple: I withdrew five thousand, yet my passbook showed that I deposited five thousand.