Ideas for the Mambu Banking Engine

Do not accrue interest until maturity period begins


Option to not accrue interest on positive deposit balances until the maturity period begins.



Interest currently accrues on fixed term and savings plan products before the maturity period if there is a positive balance and interest rate. This defeats the purpose of having a maturity period for some organisations who may not wish for interest accruals to begin until the maturity period has begun. For instance, if the minimum balance is $5000:

Initial deposit: $2000. No interest should accrue.

Second deposit: $3000, minimum balance reached.

Maturity period started: Interest should now accrue from this date.

This in turn gives clients the incentive to reach the minimum balance as soon as possible (i.e. the maturity period can be started).

  • James Anderson
  • Nov 14 2018
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