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What is an annual bonus on a bank account?

Question asked by: mrquestion

Asked on: 11 Jan 2010

An annual bonus refers to an amount of interest that is paid once a year if you meet the conditions of the account: this is what this term usually means.

For instance let's say the account has the stipulation that there is a 2% bonus annually on the condition that you don't make more than one withdrawal from the account during the year. Then if you meet that condition, you will get the 2% bonus at the end of the year.

By: knowitall
Replied at: 11 Jan 2010
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bank  account  bonus  annual  

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