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.
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References in periodicals archive ?
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The 1998 (column 1) and current rates (column 2) are for comparison purposes (especially for ECR mailers!).
The ECR Conference had just such an effect on many people in its audiences.
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But ECR is one of those things that a lot of people still don't understand.