diff --git a/pages/dashboard/index.tsx b/pages/dashboard/index.tsx
index bae67ac9..6f850313 100644
--- a/pages/dashboard/index.tsx
+++ b/pages/dashboard/index.tsx
@@ -1087,8 +1087,8 @@ const BankDisclosure = ({
               value={`${formattedBankValues.loanOriginationFeeRate} bps`}
             />
             <KeyValuePair
-              label="Collateral fee per day"
-              value={`${formattedBankValues.collateralFeePerDay} %`}
+              label="Collateral fee per year"
+              value={`${formattedBankValues.collateralFeePerYear} %`}
             />
             <KeyValuePair
               label="Collected fees"
diff --git a/utils/governance/listingTools.ts b/utils/governance/listingTools.ts
index 2a140c7b..01390401 100644
--- a/utils/governance/listingTools.ts
+++ b/utils/governance/listingTools.ts
@@ -361,7 +361,7 @@ export const getFormattedBankValues = (group: Group, bank: Bank) => {
     loanOriginationFeeRate: (
       10000 * bank.loanOriginationFeeRate.toNumber()
     ).toFixed(2),
-    collateralFeePerDay: (100 * bank.collateralFeePerDay).toFixed(2),
+    collateralFeePerYear: (100 * 365 * bank.collateralFeePerDay).toFixed(2),
     collectedFeesNative: toUiDecimals(
       bank.collectedFeesNative.toNumber(),
       bank.mintDecimals,