a stepped account is one in which different amounts of interest are paid on different portions of the account e g two percent on the first $1,000 ant three percent on the second $1,000
Provided with a step or steps; having a series of offsets or parts resembling the steps of stairs; as, a stepped key
a stepped account is one in which different amounts of interest are paid on different portions of the account e g 2 percent on the first $1,000 and 3 percent on the second $1,000