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 term and interest as examples:
- 2-month term: 2.58% p.a. (2.00% base interest paid daily + 0.58% bonus interest paid at maturity).
- 3-month term: 3.18% p.a. (2.00% base interest paid daily + 1.18% bonus interest paid at maturity).
| Tenure | End of Day Balance | Bonus Interest per Day |
| 2-month term | RM10,000 | RM10,000 × (0.58% / 365 days) = RM0.15890 = RM0.16 (rounded-up) |
| Tenure | End of Day Balance | Bonus Interest per Day |
| 3-month term | RM25,000 | RM25,000 × (1.18% / 365 days) = RM0.80821= RM0.81 (rounded-up) |