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.

It can be used with:

• Revolving Credit Loan Accounts Module and 
• Deposit Accounts Module

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.