Ideas for the Mambu Banking Engine

Maximum balance for interest calculation on deposits

What: Allow to specify for each Deposit Product a maximum balance on which interest will be calculated and accrued on deposit accounts. 
For example, if the maximum balance for interest calculation is set to 50,000 at a Product level: even though the actual current balance on a deposit account is 100,000 - interest would only be calculated and accrued on 50k. 
 
Why: For organisations offering deposits to have a better control over how much interest is paid to their clients. This helps not only to limit, but also to project the expected costs.
  • Dorota Nosal
  • Apr 28 2016
  • Planned
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