different interest rates are paid on different amounts in the same account. e.g. 3 percent on amounts up to $10,000 and 3.5 percent on amounts over.
Stepped account is where different interest rates are applied to different portions of the account e.g first $1,000, second $1,000
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.