METHOD AND SYSTEM FOR MANAGING INTEREST RATE CALCULATIONS
First Claim
Patent Images
1. A computer system for managing interest rate calculations, comprising:
- a data storage device storing;
a value of an investment account;
a current value of an adjustable rate, the value of the adjustable rate being variable, for crediting interest to the investment account; and
a value of a fixed guaranteed minimum rate, for crediting interest to the investment account; and
a computer in communication with the data storage device, the computer being configured to calculate an interest rate applicable to the value of the investment account for a current period, by;
accessing, on a periodic basis, the current value of the adjustable rate;
accessing the value of the fixed guaranteed minimum rate;
comparing the accessed current value of the adjustable rate to the accessed value of the fixed guaranteed minimum rate; and
in response to determining that the current value of the adjustable rate is less than the fixed guaranteed minimum rate, providing an output indicative of applying the fixed guaranteed minimum rate in crediting interest for the current period.
0 Assignments
0 Petitions
Accused Products
Abstract
A data processing method and system for managing interest rate calculations includes a data storage device storing data indicative of an account value of an investment product and a computer configured to determine a current value of an adjustable interest rate, compare the adjustable interest rate to a fixed guaranteed minimum interest rate, and determine whether to apply the adjustable interest rate or the fixed guaranteed minimum interest rate to the investment product account value to determine a value to credit to the account.
-
Citations
20 Claims
-
1. A computer system for managing interest rate calculations, comprising:
-
a data storage device storing;
a value of an investment account;
a current value of an adjustable rate, the value of the adjustable rate being variable, for crediting interest to the investment account; and
a value of a fixed guaranteed minimum rate, for crediting interest to the investment account; anda computer in communication with the data storage device, the computer being configured to calculate an interest rate applicable to the value of the investment account for a current period, by; accessing, on a periodic basis, the current value of the adjustable rate; accessing the value of the fixed guaranteed minimum rate; comparing the accessed current value of the adjustable rate to the accessed value of the fixed guaranteed minimum rate; and in response to determining that the current value of the adjustable rate is less than the fixed guaranteed minimum rate, providing an output indicative of applying the fixed guaranteed minimum rate in crediting interest for the current period. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
-
-
11. A computer-implemented method for managing interest rate calculations, comprising:
-
accessing by a computer a data storage device, the data storage device storing;
a value of an investment account;
a current value of an adjustable rate, the value of the adjustable rate being variable, for crediting interest to the investment account; and
a value of a fixed guaranteed minimum rate, for crediting interest to the investment account; andcalculating by the computer an interest rate applicable to the value of the investment account for a current period, the calculating comprising; accessing, on a periodic basis, the current value of the adjustable rate; accessing the value of the fixed guaranteed minimum rate; comparing the accessed current value of the adjustable rate to the accessed value of the fixed guaranteed minimum rate; and in response to the comparing, determining one of the current value of the adjustable rate or the fixed guaranteed minimum rate for applying in crediting interest for the current period. - View Dependent Claims (12, 13, 14, 15, 16, 17)
-
-
18. A computer system for managing interest rate calculations, comprising:
-
a data receiving device configured to receive data relating to an investment account, including data indicative of a current account value, data indicative of a value of an adjustable interest rate, and data indicative of a fixed guaranteed minimum rate; a processor in communication with the data receiving device, the processor configured to access data received from the data receiving device; and a data storage device in communication with the processor and the data receiving device; wherein the processor is configured to; access, on a periodic basis, a current value of the adjustable interest rate; access the value of the fixed guaranteed minimum rate; compare the accessed current value of the adjustable interest rate to the accessed value of the fixed guaranteed minimum rate; and in response to determining that the current value of the adjustable interest rate is less than the fixed guaranteed minimum rate, provide as an output and store in the data storage device data indicative of applying the fixed guaranteed minimum rate in crediting interest to the investment account for a current period. - View Dependent Claims (19, 20)
-
Specification