Illustration of Interest Earned for PB UnionPay Savings Account

Illustration of Interest Earned for PB UnionPay Savings Account

PB UnionPay Savings Account Interest Rates with effect from 19 December 2016
Range Interest Rates (%p.a.) Effective Rates (%p.a.)
First RM3K 0.00% 0.00%
Above RM3K 0.50% 0.50%

Example 1:
1 day
interest earned for an account with outstanding balance of RM50,000 is as follows:
Range Interest Rate (%p.a.) Calculation Interest Earned (RM)
First RM3,000 0.00 - -
Above RM3,000 0.50 RM47,000 X 0.50% X 1/365* 0.64
Total Interest Earned 0.64
*366 if it is a leap year

Example 2:
30 days
interest earned for an account with outstanding balance of RM50,000 is as follows:
Range Interest Rate (%p.a.) Calculation Interest Earned (RM)
First RM3,000 0.00 - 0.00
Above RM3,000 0.50 RM47,000 X 0.50% X 30/365* 19.32
Total Interest Earned 19.32
*366 if it is a leap year