From the content menu, choose Interest.
The account interest page displays the following tabs:
The interest balances tab allows you to:
Search and view accrued interest balances by the interest type and accrual period.
Submit interest payouts on demand by clicking the Process accrued interest button.
View account interest recalculation by clicking the Interest recalculation schedule button.
This tab allows viewing the history of the account interest conditions.
By clicking the following options, you can find more information:
Interest rate - shows the account interest condition history.
Related account type method ID - shows the account interest method configuration page.
The following tab allows viewing the interest calculation details.
This tab allows searching and viewing the interest booking events.
By clicking the following options, you can find more information:
Event ID - you can find the Finance entry details.
The following tab allows viewing existing interest service accounts and creating new interest service accounts.
To add a new interest service account:
Interest type*
List
Select the interest type:
Deposit interest,
Deposit negative interest,
Overdraft interest.
Technical identifier of service account*
Text/
Number
Enter the ID of the service account.
Validity range from*
Date
Enter the validity from date.
Validity range to
Date
Enter the validity to date.
in question.
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If an account has a applied, you can find the rate details by clicking on Floating.
Click the Add new button and fill in the .
You need to provide values for these parameters for all Rate types.
Interest type*
List
Select the interest type.
Selection for the setting Rate type = Fixed interest rate and Interest group = Interest on deposit balance.
Deposit interest,
Deposit negative interest.
Selection for the setting Rate type = Floating interest rate and Interest group = Interest on deposit balance.
Deposit interest.
Selection for the setting Rate type = Fixed interest rate and Interest group = Interest on overdraft balance.
Overdraft interest.
Min balance amount*
Number
Enter the minimum balance amount. Note: this parameter is available if the Calculation base term = Tiered term per partial balance.
Max balance amount (last excluded)
Number
Enter the maximum balance amount. Note: this parameter is available if the Calculation base term = Tiered term per partial balance.
%per period*
List
Select the %per period option.
Selection for the setting Interest type = Deposit interest or Deposit negative interest.
%per year
Selection for the setting Interest type = Overdraft interest
%per year,
%per day.
Start date*
Date
Select the interest validity start date. Format: DD.MM.YYYY.
End date (last value excl.)
Date
Select the interest validity end date. Format: DD.MM.YYYY.
You need to provide values for these parameters if you select Fixed interest rate as the Rate type.
Default interest rate*
Number
Enter the default interest rate - the fixed interest rate applied to any account connected to this condition.
Min interest rate*
Number
Enter the minimum interest rate - the lowest limit to which the account's fixed interest rate can be manually adjusted later.
Max interest rate*
Number
Enter the maximum interest rate - the highest limit to which the account's fixed interest rate can be manually adjusted later.
You need to provide values for these parameters if you select Floating interest rate as the Rate type.
Rate base*
List
Select the rate base code.
Note: The list consists of the rate base codes for the selected currency with registered rate fixings.
Default margin rate*
Number
Enter the default margin rate - the margin rate of floating interest applied to any account connected to this condition.
Min margin rate*
Number
Enter the minimum margin rate - the lowest limit to which the account's margin rate can be manually adjusted later.
Max margin rate*
Number
Enter the maximum margin rate - the highest limit to which the account's margin rate can be manually adjusted later.
Organisation*
Text
Enter the name of the organisational tenant.
Method assignment code*
Text/ Number
Enter the name of the interest method assignment. This parameter is used for finding a suitable method for newly created accounts.
Account type*
List
Select the account type:
SAVING,
CURRENCY.
Currency*
List
Select the interest currency.
Rate type*
List
Select the rate type:
Fixed interest rate,
Floating interest rate.
Margin type*
List
Select margin type:
Percentage of the base rate that is subtracted from the base rate (the permissible range of values is between 0% and 100%),
Fixed percentage that is subtracted from the base rate (the permissible range of values is between 0% and 10%).
Note: this parameter is available if the Rate type = Floating interest rate.
Account holder type*
List
Select the available type of the account holder:
Private,
Legal.
Interest group*
List
Select the interest group option:
Interest on deposit balance,
Interest on overdraft balance (available for currency account type only).
Note: Only the Interest on deposit balance option is selectable if the Rate type = Floating interest rate.
Calculation base term*
List
Select the calculation base term:
Simple term - Interest rate does not depend on the account balance and age;
Tiered term per partial balance - For each tier of the balance, a different interest rate is applied. When the tier is not found, then the interest is not calculated.
Base balance type*
List
Select the balance type:
End of day balance,
Minimum daily balance,
Average daily balance.
Days in month*
List
Select the days in a month:
30,
ACT (the actual amount of days in a month).
Days in year*
List
Select the days in a year:
360,
365,
ACT (the actual amount of days in a year).
Interest payment frequency
List
Select the interest payment frequency:
First day of month,
First day of the year.
Minimum payable unit
Number
Enter a minimum interest balance paid out after the interest accrual period.
The value consists of 2 decimals; it cannot be negative.
Validity start date*
Date
Select the period when the account interest method is valid. Format: DD.MM.YYYY.
Validity end date (last value excl.)
Date
Select the interest validity end date. Format: DD.MM.YYYY.
Accounts to which the interest applies*
List
Select one of the available options:
All accounts,
New accounts,
All accounts except accounts with manually changed interest rates.
Reason*
List
Select one of the available options:
Standard conditions,
Error corrections,
Special conditions.
Comment
Text
Enter the additional information in the comments field.
Go to Accounts > Pricing > Account type interest.
Click the Create account type interest method button.
Fill in the details for the:
Click the Create new account type interest button.
Accounts > Pricing > Account type interest.
Fill in the search details.
Click the Search button.
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