Does the interest rate change depending on the size of the account balance? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Does the interest rate change depending on the size of the account balance?

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

Yes. Most banks apply a "tiers" system, where the interest rate you earn increases as your account balance rises and moves into a higher tier.

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