Terms Beginning With 'e'

Earnings Credit Rate

  • January 02, 2020
  • Team Kalkine

Earnings Credit Rate (or ECR) is the interest paid by the bank on a daily basis over the deposits made by customers and is usually aligned with the risk-free rate in the market. The financial institutions such as banks utilise the deposit to offset the service charges by using the deposits as a credit for services.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK