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How is interest calculated during this Campaign Period?

 

Below is an example on Interest calculation and posting for end-of-day balances in Main Account and each Savings Pocket. 

Total End-of-Day Balances (10 April 2024): RM15,000

Main Account = RM1,000 Savings Pocket 1 = RM8,000 Savings Pocket 2 = RM6,000

Main Account

RM1,000 @3% p.a. =  RM1,000* (3%/366)

Savings Pocket 1

RM5,000 @5% p.a. 

Breakdown

Base Interest: 3% p.a. =

RM5,000 (3%/366) + RM3,000*(3%/366)

Bonus Interest: 2% p.a. = 

RM5,000* (5%/366) –  RM5,000* (3%/366)

Savings Pocket 2

RM5,000 @5% p.a. 

Breakdown

Base Interest: 3% p.a.

RM5,000* (3%/366) + RM1,000* (3%/366)

Bonus Interest: 2% p.a. = 

RM5,000* (5%/366) –  RM5,000* (3%/366)

For more examples on interest calculation, kindly refer to the full Campaign T&Cs.

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