Stepped interest: Difference between revisions
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imported>Doug Williamson (Replace 'Stepped' page with this new page, so as to deal separately with Stepped margin.) |
imported>Doug Williamson (Classify page.) |
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''Credit interest calculation''. | |||
Calculation of tiered interest at higher rates on larger balances, where the interest is calculated in increments on the balance that falls within that step only. | Calculation of tiered interest at higher rates on larger balances, where the interest is calculated in increments on the balance that falls within that step only. | ||
This is less favourable for the customer receiving credit interest, compared with a banded basis. | This is less favourable for the customer receiving credit interest, compared with a banded basis. | ||
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== See also == | == See also == | ||
*[[Banded]] | *[[Banded]] | ||
*[[Stepped margin]] | |||
*[[Tiered]] | *[[Tiered]] | ||
[[Category:Cash_management]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Liquidity_management]] | |||
Latest revision as of 11:43, 2 July 2022
Credit interest calculation.
Calculation of tiered interest at higher rates on larger balances, where the interest is calculated in increments on the balance that falls within that step only.
This is less favourable for the customer receiving credit interest, compared with a banded basis.
