Bank-Account-App/src/bankAcctApp/SavingsAccount.java

41 lines
1.6 KiB
Java

/* Phase IV */
package bankAcctApp;
//Class representing savings accounts
public class SavingsAccount extends Account {
// Overridden method for withdrawals in savings accounts
@Override
public void withdrawal(double amount) {
if (getBalance() >= amount + getSvcFee()) { // Ensure sufficient balance
setBalance(getBalance() - amount - getSvcFee()); // Deduct amount and service fee
} else {
throw new IllegalArgumentException("Insufficient funds for withdrawal. Savings accounts cannot overdraft.");
}
}
// Overridden method for deposits in savings accounts
@Override
public void deposit(double amount) {
setBalance(getBalance() + amount - getSvcFee()); // Add amount and deduct service fee
}
// Overridden method for applying accrued interest in savings accounts
@Override
public double applyAccruedInterest(String transactionDate) {
if (getBalance() <= 0) { // Ensure balance is positive for interest accrual
throw new IllegalArgumentException("The account has an insufficient balance for interest to apply.");
}
double interest = getBalance() * (getInterestRate() / 100); // Calculate interest
setBalance(getBalance() + interest); // Add interest to the balance
logTransaction(transactionDate, "INT", interest); // Log the interest transaction
return interest;
}
// Implementation of balance() method from AccountInterface
@Override
public double balance() {
return getBalance(); // Return the current balance
}
}