---
updatedAt: 2026-07-07T11:23:12.000Z
agentTools:
  siteIndex: https://developers.pismo.io/llms.txt
  projectIndex: https://developers.pismo.io/pismo-docs/llms.txt
---

# Interest plans

Create interest plans to define how interest is calculated and applied to products. You can create the following interest plan types:

* **Fixed**—The interest rate remains the same for the entire investment term or for a defined portion of it.
* **Floating**—The interest rate changes with market conditions and is tied to a benchmark rate. Floating interest plans are sometimes called variable interest plans.

<Callout icon="📘" theme="info">
  Interest plans are defined at the organization level only.
</Callout>

For more information, refer to [Interest-bearing accounts](https://developers.pismo.io/pismo-docs/docs/interest-bearing-accounts).

From Control Center, you can do the following:

* [View interest plans](#view-interest-plans)
* [Create an interest plan](#create-an-interest-plan)

# View interest plans

To view the list of interest plans, do the following:

* From the main menu, select **Configurations** > **Interest plans**.\
  The **Interest plans** screen displays.

Refer to the following table for a description of the columns.

| Column             | Description                                                                     |
| :----------------- | :------------------------------------------------------------------------------ |
| **NAME**           | The name of the interest plan                                                   |
| **RATE TYPE**      | The type of rate applied to the interest plan, either **Fixed** or **Floating** |
| **ACCRUAL BASIS**  | How interest is calculated over time                                            |
| **ACCRUAL**        | How often the interest is calculated and added to to the balance                |
| **CAPITALIZATION** | How often the interest is paid out                                              |
| **INTEREST TYPE**  | How interest is calculated, either **Simple** or **Compound**                   |
| **START DATE**     | The date when the interest plan becomes active                                  |
| **STATUS**         | The status of the interest plan                                                 |

To view a specific interest plan, do the following:

1. From the main menu, select **Configurations** > **Interest plans**.
2. On the **Interest plans** screen, select an interest plan.\
   The **Interest plan details** screen displays, divided into the following tabs:

* **Plan overview**—View key information about the interest plan.
* **Interest rate & tiers**—View the plan’s interest rate and type and configuration details for interest by tiers. If you didn’t configure interest by tiers, no interest by tiers information is shown.
* **Interest thresholds**—View configuration details for interest thresholds. If you didn’t configure interest thresholds, no interest threshold information is shown.

# Create an interest plan

To create an interest plan, do the following:

1. From the main menu, select **Configurations** > **Interest plans**.
2. On the **Interest plans** screen, select **Create interest plan**.\
   **Note**: Tooltips are included next to some steps. If you need help, hover over them for additional information.
3. On the **Plan details** screen, do the following:
   1. In **Name**, enter a unique name for the interest plan.\
      The name can have a maximum of 200 characters.
   2. In **Start date**, select the date when the interest plan becomes active.
   3. In **Accrual basis**, select how interest is calculated over time.
   4. In **Accrual frequency**, select how often interest accrues.
   5. In **Capitalization frequency**, select how often interest is applied to the balance.
   6. From **Currency**, select the interest plan's currency.
   7. In **Interest type**, select the accrual calculation method.
   8. Select **Next**.
4. (Optional) On the **Processing code** screen, select a fee model processing code, and select **Next**.

   **Note**: You can only apply one fee model processing code to an interest plan.\
   For more information on fee models and processing codes, refer to the following guides:

   * [Fee models](https://developers.pismo.io/pismo-docs/docs/fee-model)
   * [Processing codes](https://developers.pismo.io/pismo-docs/docs/processing-codes-and-transaction-types)
5. On the **Rate type** screen, do one of the following:
   * To create a fixed rate interest plan, select **Fixed**. In **Fixed interest rate**, enter the annual interest rate for the plan.
   * To create a floating rate interest plan, select **Floating**, and do the following:
     1. In **Benchmark**, select a benchmark market index rate.\
        **Note**: The **DI** benchmark is available only if you selected **BD/252** as the accrual basis on the **Plan details** screen.
     2. In **Margin rate**, enter the plan's margin rate.
     3. (Optional) In **Margin**, enter the plan's margin.  If you don't want to add a margin, leave the field blank.
6. Select **Next**.
7. (Optional) On the **Interest by tiers** screen, do the following:
   1. In **Tier type**, select the format you want to base your tiers on.
   2. In **Tier calculation**, select how interest is applied when a balance moves into a new tier.\
      The **Tiers** section displays.
   3. In the **Tiers** section, create your interest by tiers configuration.\
      **Note**: You can add a maximum of two tiers, and you can delete a tier by selecting the trash icon.\
      Fixed rate plans use the fixed interest rate, and floating plans use the margin rate.
   4. Select **Next**.
8. (Optional) On the **Interest thresholds** screen, do the following:
   1. In **Cap threshold**, enter the maximum rate allowed before the cap effective rate is triggered.
   2. In **Cap effective rate**, enter the rate to apply when the cap threshold is reached.
   3. In **Floor threshold**, enter the minimum rate allowed before the floor effective rate is triggered.
   4. In **Floor effective rate**, enter the rate to apply when the floor threshold is reached.
   5. Select **Next**.
9. Review your interest plan details.\
   If you want to make changes, select **Back** until you reach the required page.
10. Select **Create**.\
    Your interest plan is created and added to the list of interest plans.