Once the principal plus accrued/compounded interest reaches the next tier, does the daily rate change automatically to the next higher daily %?
If this question was asked and answered elsewhere...please forgive me. I was not able to find the answer.
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Once the principal plus accrued/compounded interest reaches the next tier, does the daily rate change automatically to the next higher daily %?
If this question was asked and answered elsewhere...please forgive me. I was not able to find the answer.
Before giving the interest, the server look for the amount in principal.
So all is automatic.
Many thanks for your fast and informative reply!