TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

tiered-rate daily interest chequing account [1 record]

Record 1 1989-06-12

English

Subject field(s)
  • Banking
DEF

A chequing account on which interest is paid on the minimum daily balance with the percentage paid increasing with the balance category in which it falls (for example, under $2000, $2000-5000, etc.).

French

Domaine(s)
  • Banque
CONT

(...) le virement des dépôts des consommateurs vers des comptes offrant un rendement plus élevé, et particulièrement vers les comptes de chèques à taux d'intérêt quotidien progressif, a poussé à la hausse le coût moyen global de ces fonds.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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