interest (will be credited to your account) on a monthly basis
Explanation:
... as opposed to quarterly accruals, which is basically the same thing, an advertising trick, as interest accrues on a daily basis anyway, but the poor customer may not see it on his/her statement until the end of the quarter (year?), if this is the arrangement they have with the bank. In our case the interest is compounded on a monthly (as opposed to quarterly) basis and then credited to the happy depositor’s account.
Example sentence(s):- ... interest will be credited to the account on a monthly basis
- Interest accrues daily and will be compounded and credited on a monthly basis
Reference: http://www.bankofwiggins.com/PersonalProducts/SavingsAccount...
Reference: http://www.prinsbank.com/deposit_products.asp
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Local time: 08:10
Works in field
Native speaker of:  Russian
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The translation workplace 
peer agreement (net): +10