Illustration of Interest Earned for PB UnionPay Savings Account
PB UnionPay Savings Account Interest Rates with effect from 18 May 2020
| Range |
Interest Rates (%p.a.) |
Effective Rates (%p.a.) |
| First RM3,000-00 |
0.00% |
0.00% |
| Thereafter |
0.30% |
0.30% |
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 |
First RM3,000 balance X 0.00% X 1/365* |
0.00 |
| Thereafter |
0.30 |
Subsequent RM47,000 balance X 0.30% X 1/365* |
0.39 |
| Total Interest Earned |
0.39 |
*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 |
First RM3,000 balance X 0.00% X 30/365* |
0.00 |
| Thereafter |
0.30 |
Subsequent RM47,000 balance X 0.30% X 30/365* |
11.59 |
| Total Interest Earned |
11.59 |
*366 if it is a leap year