The interest rate is calculated on daily balance with regressive tier. The higher the balance, the more interest the customer earns. Also, fund transfer is allowed in this type of an account.
I think its a simple interest rate that is calculated and added to the second leg of the transaction. It can be calculated keeping other interest rates in mind & is generally fixed by the central bank of the country.
how do interest rate calculated in a car loan finance by chase bank
The number of times interest is calculated for your account Total in your account Interest rate
deposit rate interest rate paid by the depository institution on the cash on deposit where as saving bank rate is interest paid by the banking institution on saving account holder which is calculated on daily basis and credited to customer account quaterly or semi annually.
SBI (State Bank of India) offers personal loans as one of their products. The interest rate on a personal loan from SBI (State Bank of India) depends on the applicants credit, amount borrowed, and collateral. Personal loans are calculated at a 9.75% base interest rate.
A Bank interest rate may refer to two things with respect to banking functions. a. Deposit Interest Rate - This is the rate the banks offer to their customers for depositing money with the bank b. Loan Interest Rate - This is the rate of interest banks charge the customers who wish to borrow money from them through loans. Both rates will differ from bank to bank
A bank rate is the rate at which a central bank charges interest when it lends money to another bank.
Technically, the best interest rate is 0% interest but since no bank offers this the bank's best interest rate is 2.6%. Make sure to compare different bank rates before applying for a loan.
wat s bank present rate of interest? 6%
because the bank lends money out at a higher interest rate
The standard interest rate on an interest bearing checking account at a Chase bank is 0.01%. They have a variety of checking accounts with the same interest rate or less.
interest rate for jewell loan