SL International Business

August 16, 2007

Tiered interest levels!

Filed under: , , — enni @ 6:11 pm

Yup, that’s right.
Like we spoke on the last investors meeting, this is one of the new features, announced in the last weekly report, and now it’s here! :)

Basic interest rate: 0.118% DAILY
Accounts over 30,000L$: 0.14% DAILY
Accounts over 150,000L$: 0.195% DAILY

Those are some whopping interests! Neat, cool huh?
This has been done already on the development environment, and i plan to roll it into live code BEFORE today’s interest payments, just gotta do some minor touches more and it’s done!

Like in the past, interest is still made on the DAILY AVERAGE BALANCE, which is checked hourly, and compounded every night.

Next let’s see about having checkings & savings accounts separate … Maybe they come sooner than anyone would think? ;)

And do remember that LATEST features are only available at first on Ranthambore & Mun Saari ATMs!

Like transactions histories …

and transfers …

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