Interest on deposit account

The – amount of interest calculated as a percentage or – sum of credited interest charged by an institution to a customer. As a rule, the amount of interest charged by banks on customers’ balances depends on the central bank’s policy rate. – See deposits, lending rates, repression, financial. – Cf. ECB Monthly Bulletin, August 2009, pp. 105 et seq. (dependence of deposit rates on the key interest rate, theoretical and empirical; overviews; references).

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