Ideas for the Mambu Banking Engine

Ability to calculate tiered interest by bands for credit interest on deposits

Currently, Mambu only offers calculating tiered credit interest by levels.

For example:

0-$1,000 -> 5%

$1,001 - $5,000 -> 10%

If the balance on the account is $1,500, interest is calculated as 10% of $1,500.

Banks often tier interest by bands to incentivise and manage deposit portfolios.

For example:

0-$1,000 -> 5%

$1,001 - $5,000 -> 10%

If the balance on the account is $1,500, interest is calculated as 5% on $1,000 and 10% on $500.

  • Sascha Dannroth
  • Oct 31 2018
  • Planned
  • Attach files