Inerest
The interest tab displays the monthly interest charged to the account and also allows for editing or deleting these records. Interest is generated either automatically by user initiation. Interest may be calculated in a number of ways and at different rates, all of which is configurable by the user depending on local legal requirements

Generally, interest is charged on remaining balances and may or may be charged as simple or compound interest.

The program automatically updates the interest balance for each account.