Banded: Difference between revisions
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''Credit interest calculation''. | |||
'Banded' means the calculation of tiered interest at higher rates on larger balances, where the interest is calculated on the whole balance at the interest rate tier in which the total balance falls. | |||
This is a more favourable basis for the customer receiving credit interest, compared with a stepped basis. | This is a more favourable basis for the customer receiving credit interest, compared with a stepped basis. | ||
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== See also == | == See also == | ||
*[[Stepped]] | *[[Stepped interest]] | ||
*[[Tiered]] | *[[Tiered]] | ||
[[Category:Cash_management]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Liquidity_management]] | |||
Latest revision as of 13:12, 27 June 2022
Credit interest calculation.
'Banded' means the calculation of tiered interest at higher rates on larger balances, where the interest is calculated on the whole balance at the interest rate tier in which the total balance falls.
This is a more favourable basis for the customer receiving credit interest, compared with a stepped basis.
