Manage interest plans

An interest plan is a configuration that defines how interest is calculated and applied to a specific product or account. This can include the interest rate, the compounding period (for example, daily, monthly, or quarterly), any associated fees or penalties, tax implications, and more. The plan can be tailored to the specific needs of a product or service, allowing for a wide range of interest-based financial solutions. For more information, refer to Interest-bearing accounts.