Where will the interest earned be posted to?
Effective Date: 1 October 2024
The interest earned will be posted to your respective Main Account and Savings Pocket(s) on the same day.
Example 1:
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Day 1 (10 Oct 2024): You deposit RM1,250 into the account |
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Main Account |
End of day balance = RM1,250 RM1,250.00 X 2% p.a / 366 days = RM0.068306 Interest post to Main Account on 1 Oct 2024 = RM0.07 |
Example 2:
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Day 2 (2 Oct 2024): You created Savings Pocket 1 and deposited RM1,150 from Main Account |
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Main Account |
End of day balance = RM100 RM100.00 X 2% p.a / 366 days = RM0.005464 Interest post to Main Account on 2 Oct 2024 = RM0.01 |
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Savings Pocket 1 |
End of day balance = RM1,150 RM1,150.00 X 2% p.a / 366 days = RM0.062841 Interest post to Savings Pocket 1 on 2 Oct 2024 = RM0.06 |