Patent ID: 7624058

Claim:
A computer-implemented method of administering a financial account comprising: defining at a processor a base interest rate, said base interest rate being applied to the value of the account for an initial predefined period; defining at the processor a base referenced rate of interest as of an initial date; for each subsequent predefined period following the initial predefined period: (A) determining at the processor a current referenced rate of interest as of a subsequent date; (B) defining at the processor a total interest rate that will be applied to the value of the account during the subsequent predefined period, wherein: (i) if the current referenced rate of interest is less than or equal to the base referenced rate of interest, the total interest rate will be equal to the base interest rate; and (ii) if the current referenced rate of interest is greater than the base referenced rate of interest, the total interest rate will be the sum of the base interest rate and an interest enhancement; and applying at the processor the total interest rate for each subsequent predefined period to the value of the account during each subsequent predefined period.