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Illustration of Interest Earned for ACE Enterprise Account

ACE Enterprise Account Interest Rate Structure with effect from 16 July 2018

Example 1:
1 day interest earned for an account with outstanding balance of RM1.1 Mil is as follows:

Range	Interest Rate (p.a.)	Calculation	Interest Earned (RM)
First RM50,000	0.00%	First RM50,000 balance x 0.00% x 1/365*	0.00
Next RM100,000	0.50%	Subsequent RM100,000 balance x 0.50% x 1/365*	1.37
Next RM150,000	0.80%	Subsequent RM150,000 balance x 0.80% x 1/365*	3.29
Next RM300,000	1.20%	Subsequent RM300,000 balance x 1.20% x 1/365*	9.86
Next RM500,000	1.50%	Subsequent RM500,000 balance x 1.50% x 1/365*	20.55
Next RM1,000,000	1.80%	Subsequent RM0 balance x 1.80% x 1/365*	0.00
Next RM2,000,000	2.00%	Subsequent RM0 balance x 2.00% x 1/365*	0.00
Thereafter	2.20%	Subsequent RM0 balance x 2.20% x 1/365*	0.00
Total Interest Earned			35.07

*366 if it is a leap year

Example 2:
30 days interest earned for an account with outstanding balance of RM4.2 Mil is as follows:

Range	Interest Rate (p.a.)	Calculation	Interest Earned (RM)
First RM50,000	0.00%	First RM50,000 balance x 0.00% x 30/365*	0.00
Next RM100,000	0.50%	Subsequent RM100,000 balance x 0.50% x 30/365*	41.10
Next RM150,000	0.80%	Subsequent RM150,000 balance x 0.80% x 30/365*	98.63
Next RM300,000	1.20%	Subsequent RM300,000 balance x 1.20% x 30/365*	295.89
Next RM500,000	1.50%	Subsequent RM500,000 balance x 1.50% x 30/365*	616.44
Next RM1,000,000	1.80%	Subsequent RM1,000,000 balance x 1.80% x 30/365*	1,479.45
Next RM2,000,000	2.00%	Subsequent RM2,000,000 balance x 2.00% x 30/365*	3,287.67
Thereafter	2.20%	Subsequent RM100,000 balance x 2.20% x 30/365*	180.82
Total Interest Earned			6,000.00

*366 if it is a leap year