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GXBank Help Centre

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:

Day 1 (10 Oct 2024): 

You deposit RM1,250 into the account

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:

Day 2 (2 Oct 2024): 

You created Savings Pocket 1 and deposited RM1,150 from Main Account

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 

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