A way to calculate interest based on the lowest balance in an account over a specific period of time.
Related information about low balance method:
- What is low balance method? definition and meaning
Definition of low balance method: A way to calculate interest based on the lowest balance in an account over a specific period of time.
- Low Balance Method - Financial Dictionary - The Free Dictionary
A method of calculating interest on the basis of the lowest balance of an account over the applicable period. Low Balance Method. A way to calculate interest on ...
- What is low-balance method? definition and meaning
Definition of low-balance method: To figure out the amount of interest by using the smallest total that has been in the account.
- 1 - Board of Governors of the Federal Reserve System
Low-balance method, where interest is paid based on the lowest balance in the account for any day in that period, and. • Investable-balance method, where ...
- 12 CFR Part 1030 (Regulation DD) - Truth in Savings - Bureau of ...
Paying interest for the period based on the lowest balance in the account for any day in that period (the “low balance” method). iii. Paying interest on a ...
- FDIC: FDIC Law, Regulations, Related Acts - Consumer Protection
Jun 29, 2012 ... Paying interest for the period based on the lowest balance in the account for any day in that period (the "low balance" method). iii. Paying ...
- What is HISTORICAL METHOD? - The Law Dictionary
... ORIGINAL EXPOSURE METHOD, COMPLETED CONTRACT METHOD, LOW- BALANCE METHOD, ANNUALIZED INCOME INSTALLMENT METHOD ...
- Tools for Money Management - UT Extension - The University of ...
Low Balance Method. Pay off the bills with the lowest balance first. For example, if you have only $200 remaining on a charge card, apply as much as you can to ...