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
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Get LIQUID! Right now is the perfect time to protect yourself and leverage the current interest rates to increase your cash flow; get started TODAY! #Banking #liquidity #interestrates
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Where should you park your cash? Savings accounts can be a good place, however, know what the interest rate is on the account before putting too much cash there. Be careful of putting too much in a checking account or low yield savings account. Local banks can be a convenient option especially if you like personal service but they don't always have the highest rates so be sure to check to make sure you are getting the best deal! To learn more about smart strategies for parking your idle cash, view this week's video and blog post by visiting https://lnkd.in/gjSAYqku #cash #savings #banking #financialplanning
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Ever wondered how banks make money off our deposits? 🏦💰 It's called fractional reserve banking. Basically, they only keep a fraction of our deposits on hand and lend out the rest, earning interest on loans. It's a fascinating system, but it's also good to understand how it works and how to implement this in your finances! #banking #finance101"
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Further progress towards lending and cost income targets We published our half year results this morning and here are a few headline figures⤵️ More details can be found in the full report, including details of how to register to join the results webcast for analysts and investors which takes place this morning at 10am BST 👉https://ow.ly/SmX150SXlR8 #STBG #AnnualResults #Banking #Finance
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Curious about how banks and taxes intertwine? Watch this snippet from our CEO's webinar where we dive deep into the complexities of finance. Don't miss out on the full discussion - head over to our YouTube channel to watch now! Click https://lnkd.in/dnA9kQKK #HowMoneyMoves #ThinkLikeABank #Webinar #movingmoney #FinanceInsights #PSPAngels #InternationalTradeCouncil #banking #banks #payments #paymentsolutions #paymentconsulting #paymentplanning #paymentconsultants
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✔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
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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
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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
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Is your credit card interest rate higher than the interest on your savings? If so, a Negative Wealth Transfer is occurring. Did you know this leads to working harder without getting ahead? Want to learn how to reverse this Negative Wealth Transfer? Watch this 4-minute video and let's discuss your questions. https://lnkd.in/gsjUcnW3 #money #cashflow #banking
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Is the commercial banking sector on the rise? This weekly chart of the Banking Sub-index shows a potential accumulation zone. Could this be a sign of things to come? Stay tuned for further analysis! #banking #finance #investing #stockmarket #chartanalysis #nepse https://lnkd.in/dvnmdgDb
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