Abstract: Reward payments are applied to a first account and/or any linked second accounts at a financial institution. A computer program determines whether the first account qualifies for application of a reward based upon criteria from multiple holder accounts, which may be a first alternate interest rate and/or a reward payment formula. The program communicates application of the reward to the first account and/or any linked second accounts for an accounting period applicable to the reward if the first account qualifies for the reward. In an event wherein the first account does not qualify for the reward, the program communicates application of the base interest rate to the first account and/or any linked second accounts for an accounting period applicable to the base interest rate.

Abstract: A system, computer program product and a method of applying rewards to fees in qualifying accounts of a financial institution are provided. The system, computer program product and method ensure that one or more reward accounts of a single account holder or “household” of account holders at the financial institution are qualified to receive a reward, are entitled to receive income other than the reward amount, that the account holder of the account is enrolled to receive one or more service for a service fees from the financial institution and that the fees are entitled to be automatically offset against income earned by the reward accounts during the predetermined cycle. If so, the system, computer program product and method deduct the fees from the sum of earned reward amount and the income other than the reward amount.