Glossary entry

English term or phrase:

Earnings Credit Longfall

Polish translation:

nadmiar stopy procentowej wkładek oszczędnościowych

Added to glossary by Lidia Lewandowska-Nayar
Oct 22, 2019 15:33
4 yrs ago
English term

Earnings Credit Longfall

English to Polish Bus/Financial Finance (general) banking
brak kontekstu - pozycja w tabeli

Discussion

Frank Szmulowicz, Ph. D. Oct 23, 2019:
In case someone can interpret this differently

Earnings Credit Rate (ECR) Definition
REVIEWED BY ADAM HAYES Updated Oct 11, 2019
What Is the Earnings Credit Rate (ECR)?
The earnings credit rate (ECR) is a daily calculation of interest that a bank pays on customer deposits. The earnings credit rate is often correlated with the U.S. Treasury bill (T-bill) rate.

ECRs are rates that banks impute to offset service charges. Because depositors leave balances in non-interest bearing accounts, the bank will apply an ECR on those balances and use that as a credit for services. For example, a corporate treasurer with a $250,000 collected balance receiving a 2% ECR would earn $5,000 to offset services. ECR is often credited automatically.

https://www.investopedia.com/terms/e/ecr.asp

Proposed translations

10 hrs
Selected

nadmiar stopy procentowej wkładek oszczędnościowych

Longfall is the opposite of shortfall (niedobór), hence nadmiar.

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What Is the Earnings Credit Rate (ECR)?
The earnings credit rate (ECR) is a daily calculation of interest that a bank pays on customer deposits. The earnings credit rate is often correlated with the U.S. Treasury bill (T-bill) rate.
https://www.investopedia.com/terms/e/ecr.asp
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