What is the formula for calculating the daily bonus interest?
The bonus interest is calculated each day using the following formula:
The total bonus you receive at maturity is the sum of all these daily calculations.
Take the following tenure and interest as examples:
- 3-month term: 3.18% p.a. (2.00% p.a base interest paid daily + 1.18% p.a. bonus interest paid at maturity).
- 6-month term: 3.55% p.a. (2.00% p.a base interest paid daily + 1.55% p.a. bonus interest paid at maturity).
| Tenure | End of Day Balance | Bonus Interest per Day |
| 3-month term | RM10,000 | RM10,000 × (1.18% / 365 days) = RM0.3232890 = RM0.32 (rounded-down) |
| Tenure | End of Day Balance | Bonus Interest per Day |
| 6-month term | RM12,500 | RM12,500 × (1.55% / 365 days) = RM0.53082 = RM0.53 (rounded-down) |