Earnings Credit Rate

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Earnings Credit Rate

Also called an ECR. The interest rate a bank pays on customer deposits. Rather than being applied to the deposit directly, ECRs are used to reduce the fees the customers pay for other banking services. For example, if a bank is paying a 0.05% ECR on a $10,000 deposit, the depositor earns a $5 reduction in his/her other fees. An ECR is usually connected to a Treasury bill rate.
References in periodicals archive ?
Robertson, pictured at left, said the more exciting change is the expansion of ECR programs outside the United States.
Our vision is to continue to be thought leaders on both managing shrinkage and improving on-shelf availability, and the collaboration with Oliver Wyman will be of enormous value as we move in this direction," added Colin Peacock, Co-Chair of the ECR Europe Shrinkage and On-Shelf Availability Group and Director of Shrink & Store Operations Improvement at Procter & Gamble, UK.
Much of the baffling jargon that first surrounded ECR has been replaced by language that is more appealing to newcomers.
Mr Harford will be available to ECR on a consultancy basis until the end of April and possibly on a continuing basis thereafter, and is presently in Argentina supervising the Company's current drilling programme.
ECR Press Office, Anita Resch, Phone: +43-1-533-40-64/320, Fax: +43-1-535-70-41, anita.
In some ways, we've gone backwards with ECR," Terbeek says.
Although Sylmar is enjoying its best season -- 27 consecutive victories entering tonight's final -- even the Spartans are aware of how mind-blowing ECR can be when on top of its game, as evidenced by the Conquistadores' 11-0 quarterfinal victory last season.
ECR had outscored its first two playoff opponents 29-3, but couldn't string together many rallies off Miranda (8-1).
Sainsbury has played a key role in developing an easy to use scorecard for smaller companies interested in embracing ECR.
The EarthLinkedsystem developed by Lakeland, FL-based ECR Technologies, offers the highest efficiency of any powered water heating system.
Chatsworth (27-2), which lost to ECR (24-5) in last year's final, won two of three games against the Conquistadores during the regular season, including an 8-7 victory Tuesday to clinch the league title.
This was the question asked of more than 3,300 delegates from 50 countries who attended the 5th ECR Europe conference in Turin this week.