daily interest account

Definition

Savings account in which interest on the account balance is computed and compounded every day. Crediting of the interest to the account, however, takes place usually on a monthly basis.

Popular 'Accounting & Auditing' Terms

daily interest account in the news

Loading...

This content can be found on the following page:

http://www.businessdictionary.com/definition/daily-interest-account.html

Search for another term



Tools

daily interest account is...

... in the Accounting & Auditing, Banking, Commerce & Finance and Investing subjects.

Nearby Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z