Setting account interest rates

Set a rate for all accounts

Selecting For all accounts (not in Pricing Groups) applies the new rate across every depositor account in your NBID program, excluding those that are currently in a Pricing Group and non-interest bearing accounts. Accounts in a Pricing Group are managed from the Pricing Groups tab instead.

Set a rate for a specific account

Selecting For specific account allows you to choose a particular account from the Account Title dropdown, which displays each account's current rate. If an account is currently in a Pricing Group, it must be removed before you can adjust its interest rate individually - Pricing Group accounts will not display in the dropdown. Non-interest bearing accounts will not display either.

Set a fixed rate

Fixed Rate: static interest rate (can be entered nominally or as APY)

• Nominal: stated annual interest rate that does not account for compounding
• APY: effective annual return that includes the impact of compounding interest

Set a floating rate

Floating Rate: variable rate that tracks a market index or a custom, institution-defined index

Set a tiered rate

Tiered Rate: rate structure that applies different interest rates based on balances held in the network - click Add balance tier to define balance bands, and note that each tier can independently use a fixed or floating rate

Apply the rate

Once your rate is configured, click Continue to review a summary of the change, then confirm to apply it. The new rate takes effect immediately for the selected accounts.