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Illustration of Interest Earned for ACE Enterprise Account

ACE Enterprise Account Interest Rate Structure with effect from 1 February 2019

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	0.40%	Subsequent RM100,000 balance x 0.40% x 1/365*	1.10
Next RM150,000	0.70%	Subsequent RM150,000 balance x 0.70% x 1/365*	2.88
Next RM300,000	1.10%	Subsequent RM300,000 balance x 1.10% x 1/365*	9.04
Next RM500,000	1.40%	Subsequent RM500,000 balance x 1.40% x 1/365*	19.18
Next RM1,000,000	1.70%	Subsequent RM0 balance x 1.70% x 1/365*	0.00
Next RM2,000,000	1.90%	Subsequent RM0 balance x 1.90% x 1/365*	0.00
Thereafter	2.10%	Subsequent RM0 balance x 2.10% x 1/365*	0.00
Total Interest Earned			32.20

*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	0.40%	Subsequent RM100,000 balance x 0.40% x 30/365*	32.88
Next RM150,000	0.70%	Subsequent RM150,000 balance x 0.70% x 30/365*	86.30
Next RM300,000	1.10%	Subsequent RM300,000 balance x 1.10% x 30/365*	271.23
Next RM500,000	1.40%	Subsequent RM500,000 balance x 1.40% x 30/365*	575.34
Next RM1,000,000	1.70%	Subsequent RM1,000,000 balance x 1.70% x 30/365*	1,397.26
Next RM2,000,000	1.90%	Subsequent RM2,000,000 balance x 1.90% x 30/365*	3,123.29
Thereafter	2.10%	Subsequent RM100,000 balance x 2.10% x 30/365*	172.60
Total Interest Earned			5,658.90

*366 if it is a leap year