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- How and when dates for interest calucation and posting are determined
- How the Average Balance algorithm works
- How the Minimum Balance algorithm works
- How and when interest is calculated for a given Interest Calculation Period
- How and when interest is posted to a savings account
see InterestCalculationForAverageBalanceByExample Interest Calculation For Average Balance By Example
see InterestCalculationForMinimumBalanceByExample Interest Calculation For Minimum Balance By Example
For each the average and minimum balance examples below we will use the same savings product definition:
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