Topic RSS
March interest calculation
April 7, 2020
10:31 am
10:31 am
SaverJunior
Toronto
Member
Members
Forum Posts: 58
Member Since:
March 16, 2018
March 16, 2018
Offline
April 7, 2020
2:06 pm
2:06 pm
Norman1
Member
Members
Forum Posts: 7143
Member Since:
April 6, 2013
April 6, 2013
Offline
The March interest credited to my LBC Digital HISA is okay.
The per-diem rate for the days in 2020 is the per-annum rate divided by 366, instead of by 365.
There were three different interest rates for time covered by the March 31 interest payment:
- 3.30% per annum for February 29
- 2.80% for March 1 to 13
- 2.25% for March 14 to 30
Please write your comments in the forum.