Competent Fieldwork & Research’s Post

What is Monthly Average Balance? The monthly average balance is the minimum amount of money that the account holder has to maintain in their current account or savings account. This is the least bank balance that you need to have in your account each month to avoid being penalised by the bank. How to Calculate Monthly Average Balance? Banks use two figures to calculate this: ->Total of the closing balances in a month ->Number of days in the month. The formula is: MAB = (Sum of closing balances) / (Number of days in month) #banking #bankingindustry #bankcharges #learning

✔𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝗕𝗼𝗻𝘂𝘀 𝗦𝗮𝘃𝗶𝗻𝗴𝘀: 𝗧𝗵𝗲 𝗠𝗲𝗰𝗵𝗮𝗻𝗶𝗰𝘀 𝗼𝗳 𝗮 𝗦𝗮𝘃𝗲𝗿 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 A Bonus Saver Account is considered to be a unique type of savings account. It gives you more interest if you follow certain rules or criteria. 𝗙𝗼𝗿 𝗺𝗼𝗿𝗲 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 📕Read-https://lnkd.in/gSWhxsfY And Get Valuable insights #BonusSavings #SaverAccount #FinancialMechanics #Banking #PersonalFinance #SavingsGoals #FinancialPlanning #BonusOffers #Theenterpriseworld

Consistent payments don't just keep the bank happy – they're your ticket to better financial offers. Think lower interest rates, easier loan approvals, and more borrowing power. 🏠💸 #homeloans #finance #banking #creditscore #financialexperts #creditdharma

Curious about what affects interest rate variations? 🤔 Our Mysafeloan Team breaks it down for you in this informative video! 📉✨ Learn how interest rates are influenced and discover ways to potentially lower them. Don't miss out on these valuable insights! 💡🔍 #InterestRateExplained #MysafeloanInsights #FinancialEducation #LowerYourRate #FinanceTips #MoneyMatters #SmartBorrowing #financialfreedom #banking #loanoptions #personalloan #mysafeloan #finance #companylist #economicsinsight #interestrates #InterestRateReduction #alwaysonyourside #loanadvice #savemoney

Could you have an error in your credit report? Do you know how your report impacts your credit score? Join this free @greenpath webinar on Wednesday, October 16 at 2 p.m. to learn more about how you can maximize your credit score to work for you. You can register here: https://lnkd.in/eS8qb9nJ #CreditReport #CreditScore #KEMBA #KEMBAFinancialCreditUnion #CreditUnion #Banking #Saving #Money

Budget Playbook for Commercial Lenders — Bank and Credit Union Edition 🔍 Key Strategy #1: Reallocate Budget to Reclaim Market Share It's time to strategically prioritize your budget! 2025 is fast approaching—and without a proactive budget strategy, banks and credit unions risk losing even more market share. ⚡ Don’t wait! Discover more strategies in our Budget Playbook. Get the Playbook Now! https://lnkd.in/gT_ZJHpn #GoDocs #BudgetPlaybook #Banking #CreditUnion

Unlocking insights: Delve into the intricate relationship between interest rates and the banking and commercial real estate sectors. 💼🏢 #InterestRates #Banking #CRE #FinanceInsightsText

Don't miss out! Our newsletters are full of exciting updates, upcoming events, blog posts, and more! 📱🗞️ Best part? It comes out once a month, so we won't weigh down your inbox! ✉️ Sign up today! 🔗 https://lnkd.in/eVBsQXyu #newsletter #creditunion #finances #banking #financialservices

You will never take the next step until you replace the last stages of grief 👉 https://bit.ly/49EMZ6g #payments #banking #fintech #businessfinance #onlinebusiness #onlinebanking #BusinessFinance #businessfinancetips #FinancialPlanning 

Is a Share Certificate the same as a CD? What’s the difference between credit unions and banks? What does fixed-rate mean? If you’re lost in the world of financial phrases and terms, check out our glossary for clear definitions to help you navigate the world of finance with ease and confidence. https://hubs.li/Q02rNpQf0 #cudifference #sharecertificate #CDspecial #banking #creditunions #QCU