Fixed Term Loan, Account Type Form, Interest
|

Account Type Form, Interest Page

Interest Cycle

Cycle

Select the frequency that interest is charged.

At Maturity, interest will only be charged the day before maturity date for the entire term of the account. After maturity, interest stills accrues and will show as accrued interest. Closing the account will charge the accrued interest.

Interest List

Enter a comma separated list of Interest frequency options.

Limit Interest cycle to List (for New Accounts)?

Tick to limit the Interest Cycle selection within the new Account Wizard to the list entered.

Available Types

Tick all the appropriate startup interest types; where no startup interest is used, select "Not Applicable".

Startup Type

Select the default Startup Type for new Accounts. Select "Not Applicable" where it is not used; this will grey out the "Interest Rate" field.

Interest Rate

Enter the default Startup Interest Rate for new Accounts.

Period

Optionally select a specific period for the Startup Interest.

Period List

Optionally enter a comma separated list of Startup Interest period options.

Limit Startup Interest period to List?

Tick to limit the Interest Startup period selection to the list entered.

Max Period

Optionally select the maximum period for the Startup Interest.

Available Types

Tick all the interest types that are applicable.

Interest Types

Select the default Interest Type for new Accounts.

Interest Rate

Enter the default Interest Rate for new Accounts.

Other Type

Optionally select the Other Interest Type to be used when calculating interest via a Script.

Other Rate

If using an Other Interest Type, enter the Other Rate.