How is the return on a savings account calculated? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

How is the return on a savings account calculated?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

At most banks, the return is calculated on the "lowest credit balance during the month" (from the 1st to the end of the month).

However, some banks offer newer accounts that calculate the return on the "daily balance".

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