We have products that have multi-tiered rates depending upon more than one variable. An example is a savings product. If the customer maintains a $100k balance for 30 days a different rate is offered. There are different rates offered for maintaining specified balances for 30 days, 60 days, 120 days and so on. In such a case, how is the BankingProductRateTierV3 structure updated? What are the appropriate values for
rateApplicationMethod? In this case the
unitOfMeasure is a combination of
The schema has been designed to accommodate this level of complexity. Multi-tiered rates are common for Term Deposit and Mortgage accounts.