finPOWER Connect Rate Tables Add-On
The finPOWER Connect Rate Tables Add-On provides additional Interest Rate flexibility, it allows Rates to change on a date and as the Account balance changes.
Rate Tables can be used in a number of ways:
- Record a Base Interest Rate that changes over time.
- The Account can define a premium to add or subtract from this Base Rate to form the actual Rate that is charged.
- Interest Rates can vary according to the balance of the Account by using a "Tiered" rate.
- For example, 10% up to $10,000 and 15% over this.