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minimum monthly balance [1 record]

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Record 1 1985-09-17

English

Subject field(s)
  • Banking
CONT

Regular savings accounts pay higher rates of interest than daily interest accounts - usually about three-quarters of a percentage point higher. Interest is calculated on the minimum monthly balance in your account, but the interest is usually only paid twice a year. If you deposited $1,000 in your account on the first day of the month, then withdrew $250 on the 15th and another $250 on the 25th, let's say, you would earn interest for that month on $500 - the minimum amount in your account during the month.

Key term(s)
  • monthly minimum balance

French

Domaine(s)
  • Banque
CONT

Sous réserve d'un solde mensuel minimum de 500$, vous pouvez tirer des chèques, effectuer des retraits et des dépôts et faire des prélèvements automatiques sans aucuns frais.

OBS

Information tirée d'un feuillet préparé par La Banque de Nouvelle-Écosse.

Key term(s)
  • solde minimum mensuel
  • solde mensuel minimal
  • solde minimal mensuel

Spanish

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