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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Thread: Does rate change....
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24-07-2006, 05:06 PM #1
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Does rate change....
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24-07-2006, 05:21 PM #2
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Before giving the interest, the server look for the amount in principal.
So all is automatic.
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24-07-2006, 05:22 PM #3
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Many thanks for your fast and informative reply!
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