Earnings Credit Rate (ECR)
What is ‘Earnings Credit Rate – ECR’
A daily calculation of interest paid on idle funds that reduce bank service charges. A calculated amount is then used to pay for banking fees. Therefore, customers with larger deposits and balances tend to pay lower bank fees for their accounts. The rate paid is often pegged to the U.S. Treasury bill rate.
Explaining ‘Earnings Credit Rate – ECR’
Banks have great discretion for determining the earnings allowance. While the ECR can offset fees, be sure you are only being charged for services you use.
Earnings Credit Rate (ecr) FAQ
How is earnings credit allowance calculated?
What is an earnings credit rate?
What is ECR in banking?
- The Cost of Float to a Firm: Commercial Banking Treasury Management Analysis Case Study – digitalcommons.kennesaw.edu [PDF]
- Measuring and Managing Liquidity in the Current Economic Crisis – scholarworks.bridgeport.edu [PDF]
- Income Tax Discrimination and the Political and Economic of Europe – heinonline.org [PDF]
- The Quest to Tax Financial Income in a Global Economy: Emerging to an Allocation Phase – heinonline.org [PDF]
- Price and income elasticity of Australian retail finance: An autoregressive distributed lag (ARDL) approach – ro.uow.edu.au [PDF]
- The financial supply chain management: a new solution for supply chain resilience – www.econstor.eu [PDF]
- Legal developments in the economic and monetary union during the debt crisis: the mechanisms of financial assistance – heinonline.org [PDF]
- US business credit sources, demand deposits, and the 'missing money' – www.sciencedirect.com [PDF]
- Credit rating agencies – www.elgaronline.com [PDF]