Get quick answers to common questions about our products and services.
What are interest rates?
Interest rates are the percentages that banks charge or pay on the money you borrow or save, respectively. Think of it as the cost of borrowing or the reward for saving.
More in Interest
- Can Griffin change the interest rate on my account?
- Do you round off daily interest accrual?
- How do I find out my interest rate?
- How is my interest calculated?
- What accounts earn interest?
- What happens to interest if a customer closes their account?
- What happens to interest if a customer withdraws all their funds?
- What interest rates does Griffin offer?
- What is a gross interest rate?
- What is AER?
- When is interest paid?
All FAQ collections
- About Griffin· 9 answers
Learn more about Griffin, our regulatory status, and the types of customers we support.
- Bank accounts· 12 answers
Learn more about the different types of bank account we offer.
- Additional onboarding information· 7 answers
Learn about the additional data required before 02 March 2026
- Billing· 5 answers
Find out more about our fees and charges, how to access your payment history, and more.
- Griffin app· 16 answers
Get help with setting up security features, managing your organization, and integrating with third parties.
- Interest and commission· 16 answers
Learn more about how interest and commission work at Griffin, when you can expect to be paid, and how we manage rate changes.
- Payments· 11 answers
Find out what payment types we support, our payment limits, and Confirmation of Payee.
- Sandbox· 8 answers
Our sandbox is available to everyone, free forever, and can be used to trial our products and build test integrations.
- Verify· 19 answers
Learn more about Verify, our automated KYC/KYB onboarding solution for fintechs.