Many investment banks pay due interests based on the premiums invested or paid. an example; interests on loans are paid by calculating 10% or 15% of the capital invested over the period of time agreed on.
On the other hand, when the investor chooses to redraw the contract or capital abruptly due to sudden crises or reasons, the bank calculates the interest accumulated at the time and pays with the capital or premium invested.
1 Comment
Pingback: Are Bank Of America Credit Cards Good?