B Bobby1 Registered User Messages 128 11 Apr 2011 #1 Can anyone see why KBC 1 Year Fixed rate is at 3.60%, but their AER is at 3.65%? I would have assumed that for a 12 month fixed term, both rates would be the same [broken link removed]
Can anyone see why KBC 1 Year Fixed rate is at 3.60%, but their AER is at 3.65%? I would have assumed that for a 12 month fixed term, both rates would be the same [broken link removed]
L Lightning Registered User Messages 5,509 12 Apr 2011 #2 360 day count rather than a 365 day count. Some interest calculations are based on a 360 day count, some based on a 365 day count.
360 day count rather than a 365 day count. Some interest calculations are based on a 360 day count, some based on a 365 day count.
B Bobby1 Registered User Messages 128 12 Apr 2011 #3 CiaranT said: 360 day count rather than a 365 day count. Some interest calculations are based on a 360 day count, some based on a 365 day count. Click to expand... Cheers CiaranT, would have helped had i read the small print!:
CiaranT said: 360 day count rather than a 365 day count. Some interest calculations are based on a 360 day count, some based on a 365 day count. Click to expand... Cheers CiaranT, would have helped had i read the small print!: