USAVER MONTHLY INTEREST ACCRUED INDICATOR
In the U Saver under for example: Account details - Interest earned show also the interest accrued per month in $ and updated daily. (showing the updated balance the next day). At the very beginning of the new month, the balance of interest earned is reset to "0" and the interest amount is then paid to your U Bank balance. Then the whole monthly cycle starts again. ING Bank uses this feature for their Maximiser Savings account and it is very handy as you can instantly see your interest earned each day during the monthly cycle.
I agree, for a moment I thought I had actually set up
the accounts incorrectly because when i looked it said my bonus interest was $0.00, It wasnt till I found this that I realised its included in the other interest which I feel should be given as a separate figure
Yes it definitely confused me for a while as well! Why is it that way anyways?
I agree, you should be able to tell if you are receiving the bonus intetest rate at a glance.
Great suggestion. And this feature should be available in the history of interest credits.
I second this. It is tremendously confusing having two sections in the app for our standard and bonus interest, but then only the amount earned appearing under the standard interest. Please fix.
Id love to see the 'bonus interets rate'. It eould be a great way to gamify the UX, and to build brand loyaly: people can cleary see their extra bonus interest. It's a little present each month from ubank
Interest and progress section does NOT display the bonus amount of interest earned for the month. Why?