Changing account type interest method and conditions

There are many reasons the need to change interest rates applied to the accounts might appear. Change in the general economic conditions or competitors' behaviour is the most common to mention.

In this guide, you will learn how to change the account type interest method and interest conditions. We will explain three use cases and illustrate examples of how to:

1. Change account type interest conditions for all currency accounts to adapt to the interest rate change on the market.

2. Change account type interest conditions for new saving accounts to adapt to the interest rate change on the market.

3. Change account type interest method from fixed to floating.

To change the account type interest method and conditions, you need the following privileges:

• VIEW_ACCOUNT_TYPE_INTEREST

• EDIT_ACCOUNT_TYPE_INTEREST

• APPROVE_ACCOUNT_TYPE_INTEREST