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Hansapank changes interest calculation

Jul 08, 1999
Kairi Kurm

TALLINN - Hansapank made some changes to the calculation of interest revenue, which is more favorable to the bank as well as the smaller clients of Hansapank.According to the new order, Hansapank pays one-percent interest revenue a year on the average balance of the monthly account since July 1. Until the changes went into force, Hansapank paid 3 percent on the minimum balance of the account per month, if the sum exceeded 1000 kroons ($ 67).Interest revenue is paid out once in a quarter. With th ...

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