Illustration of Goal Interest Earned
The goal interest is calculated daily based on day-end balance in the goal as follows:
| Goal Interest = Day-end Balance in Goal x [Overnight Policy Rate (OPR) – 0.50% p.a.] x (1 / 365* days) |
* 366 days for leap year
Example 1:
Customer achieved the goal on Goal Maturity Date and OPR remains unchanged throughout the Goal Tenure.
| Goal Creation Date |
: |
1 August 2021 |
| Goal Maturity Date |
: |
10 August 2021 |
| Goal Tenure |
: |
10 days |
| Goal Amount |
: |
RM1,000 |
| Current OPR |
: |
1.75% p.a. |
| Goal Interest Rate |
: |
1.25% p.a. (1.75% p.a. – 0.50% p.a.) |
| Day |
Savings Amount (RM) |
Day-end Balance in Goal (RM) |
Interest Rate (% p.a.) |
Calculation |
Interest Earned (RM) |
| 1 |
10.00 |
10.00 |
1.25 |
RM10 x 1.25% p.a. x 1/365 |
0.00 |
| 2 |
150.00 |
160.00 |
1.25 |
RM160 x 1.25% p.a. x 1/365 |
0.01 |
| 3 |
30.00 |
190.00 |
1.25 |
RM190 x 1.25% p.a. x 1/365 |
0.01 |
| 4 |
200.00 |
390.00 |
1.25 |
RM390 x 1.25% p.a. x 1/365 |
0.01 |
| 5 |
50.00 |
440.00 |
1.25 |
RM440 x 1.25% p.a. x 1/365 |
0.02 |
| 6 |
100.00 |
540.00 |
1.25 |
RM540 x 1.25% p.a. x 1/365 |
0.02 |
| 7 |
60.00 |
600.00 |
1.25 |
RM600 x 1.25% p.a. x 1/365 |
0.02 |
| 8 |
100.00 |
700.00 |
1.25 |
RM700 x 1.25% p.a. x 1/365 |
0.02 |
| 9 |
100.00 |
800.00 |
1.25 |
RM800 x 1.25% p.a. x 1/365 |
0.03 |
| 10 |
200.00 |
1,000.00 |
1.25 |
RM1,000 x 1.25% p.a. x 1/365 |
0.03 |
| Total Goal Interest Earned |
0.17 |
Example 2:
Customer achieved the goal on Goal Maturity Date and OPR increased on day 4 onwards.
| Goal Creation Date |
: |
1 August 2021 |
| Goal Maturity Date |
: |
15 August 2021 |
| Goal Tenure |
: |
15 days |
| Goal Amount |
: |
RM1,000 |
| Current OPR |
: |
Day 1 to 3 = 1.75% p.a. |
| : |
Day 4 to 15 = 2.00% p.a. |
| Goal Interest Rate |
: |
Day 1 to 3 = 1.25% p.a. (1.75% p.a. – 0.50% p.a.) |
| : |
Day 4 to 15 = 1.50% p.a. (2.00% p.a. – 0.50% p.a.) |
| Day |
Savings Amount (RM) |
Day-end Balance in Goal (RM) |
Interest Rate (% p.a.) |
Calculation |
Interest Earned (RM) |
| 1 |
10.00 |
10.00 |
1.25 |
RM10 x 1.25% p.a. x 1/365 |
0.00 |
| 2 |
50.00 |
60.00 |
1.25 |
RM60 x 1.25% p.a. x 1/365 |
0.00 |
| 3 |
150.00 |
210.00 |
1.25 |
RM210 x 1.25% p.a. x 1/365 |
0.01 |
| 4 |
50.00 |
260.00 |
1.50 |
RM260 x 1.50% p.a. x 1/365 |
0.01 |
| 5 |
50.00 |
310.00 |
1.50 |
RM310 x 1.50% p.a. x 1/365 |
0.01 |
| 6 |
100.00 |
410.00 |
1.50 |
RM410 x 1.50% p.a. x 1/365 |
0.02 |
| 7 |
80.00 |
490.00 |
1.50 |
RM490 x 1.50% p.a. x 1/365 |
0.02 |
| 8 |
20.00 |
510.00 |
1.50 |
RM510 x 1.50% p.a. x 1/365 |
0.02 |
| 9 |
100.00 |
610.00 |
1.50 |
RM610 x 1.50% p.a. x 1/365 |
0.03 |
| 10 |
50.00 |
660.00 |
1.50 |
RM660 x 1.50% p.a. x 1/365 |
0.03 |
| 11 |
50.00 |
710.00 |
1.50 |
RM710 x 1.50% p.a. x 1/365 |
0.03 |
| 12 |
100.00 |
810.00 |
1.50 |
RM810 x 1.50% p.a. x 1/365 |
0.03 |
| 13 |
30.00 |
840.00 |
1.50 |
RM840 x 1.50% p.a. x 1/365 |
0.03 |
| 14 |
100.00 |
940.00 |
1.50 |
RM940 x 1.50% p.a. x 1/365 |
0.04 |
| 15 |
60.00 |
1,000.00 |
1.50 |
RM1,000 x 1.50% p.a. x 1/365 |
0.04 |
| Total Goal Interest Earned |
0.32 |