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English to Arabic translations [PRO] Bus/Financial - Finance (general) / website
English term or phrase:credited interest rates
Changes in credited interest rates are based on investment yields at the time the rates are set. Therefore, when we change the credited interest rates, it is generally a reflection of a change in market conditions.
interest that a savings institution automatically deposits to a savings account.
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Explanation: Credited Interest Rates:
The Credited Interest Rate (CIR) is the rate of investment return credited to members' accounts, and are declared monthly. They are based on the actual investment returns of the assets of the Plan. It is important to note that the CIR can be positive or negative in any month.