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

50 PLUS Savings Account

50 PLUS SA Interest Rate with effect from 11 February 2021

Range Nominal Interest Rate (p.a.) Effective Interest Rate (p.a.)#
First RM10,000.00 0.00% 0.00%
Next RM40,000.00 0.10% 0.10%
Next RM50,000.00 0.30% 0.30%
Thereafter 0.60% 0.60%

#The effective interest rates shown above are applicable for the deposit amount within the range of the said interest rate tier.

Example 1:
1 day
 interest earned for an account with outstanding balance of RM35,000 is as follows:

Range Interest Rate (p.a.) Calculation Interest Earned (RM)
First RM10,000 0.00% First RM10,000 balance X 0.00% X 1/365* 0.00
Next RM40,000 0.10% Subsequent RM25,000 balance X 0.10% X 1/365* 0.07
Next RM50,000 0.30% Subsequent RM0 balance X 0.30% X 1/365* 0.00
Thereafter 0.60% Subsequent RM0 balance X 0.60% X 1/365* 0.00
Total Interest Earned 0.07

*366 if it is a leap year

Example 2:
30 days
 interest earned for an account with outstanding balance of RM200,000 is as follows:

Range Interest Rate (p.a.) Calculation Interest Earned (RM)
First RM10,000 0.00% First RM10,000 balance X 0.00% X 30/365* 0.00
Next RM40,000 0.10% Subsequent RM40,000 balance X 0.10% X 30/365* 3.29
Next RM50,000 0.30% Subsequent RM50,000 balance X 0.30% X 30/365* 12.33
Thereafter 0.60% Subsequent RM100,000 balance X 0.60% X 30/365* 49.32
Total Interest Earned 64.94

*366 if it is a leap year

PB MySalary Savings Account

PB MySalary Savings Account Interest Rate Structure with effect from 18 May 2020

Range Nominal Interest Rate (p.a.) Effective Interest Rate (p.a.)#
First RM5,000.00 0.40% 0.40%
Next RM25,000.00 0.60% 0.60%
Next RM50,000.00 0.80% 0.80%
Next RM100,000.00 1.00% 1.00%
Next RM200,000.00 1.30% 1.31%
Thereafter 1.50% 1.51%

#The effective interest rates shown above are applicable for the deposit amount within the range of the said interest rate tier.

Example 1:
1 day
interest earned for an account with outstanding balance of RM500,000 is as follows:

Range Interest Rate (p.a.) Calculation Interest Earned (RM)
First RM5,000 0.40% First RM5,000 balance X 0.40% X 1/365* 0.05
Next RM25,000 0.60% Subsequent RM25,000 balance X 0.60% X 1/365* 0.41
Next RM50,000 0.80% Subsequent RM50,000 balance X 0.80% X 1/365* 1.10
Next RM100,000 1.00% Subsequent RM100,000 balance X 1.00% X 1/365* 2.74
Next RM200,000 1.30% Subsequent RM200,000 balance X 1.30% X 1/365* 7.12
Thereafter 1.50% Subsequent RM120,000 balance X 1.50% X 1/365* 4.93
Total Interest Earned 16.35

*366 if it is a leap year

Example 2:
30 days
interest earned for an account with outstanding balance of RM500,000 is as follows:

Range Interest Rate (p.a.) Calculation Interest Earned (RM)
First RM5,000 0.40% First RM5,000 balance X 0.40% X 30/365* 1.64
Next RM25,000 0.60% Subsequent RM25,000 balance X 0.60% X 30/365* 12.33
Next RM50,000 0.80% Subsequent RM50,000 balance X 0.80% X 30/365* 32.88
Next RM100,000 1.00% Subsequent RM100,000 balance X 1.00% X 30/365* 82.19
Next RM200,000 1.30% Subsequent RM200,000 balance X 1.30% X 30/365* 213.70
Thereafter 1.50% Subsequent RM120,000 balance X 1.50% X 30/365* 147.95
Total Interest Earned 490.69

*366 if it is a leap year

 

Calculation of Bonus Interest:

The Bonus Interest is calculated based on Monthly Average Account Balance (MAAB) at a maximum MAAB of RM50,000 as follows:

MAAB = Sum of day end balance for the calendar month / number of days*
Bonus Interest   = MAAB x prevailing bonus interest rate p.a. x (number of days* / number of days in a year)  

* Number of days is calculated as follows:

  1. New account opened -
    From the day the PB MySalary Savings Account is opened to the last day of the calendar month. For subsequent months, the number of days will be the total number of days in the respective calendar month.
  2. Existing account -
    The number of days will be the total number of days in the respective calendar month.

Example 1:
For Bonus Interest at 1% p.a. and MAAB below RM50,000:
Customer A has a total of RM40,000 in his PB MySalary Savings Account as at 1 April 2018.

5 April 2018 Customer A pays 2 bills totaling RM1,500 via Bill Payment function in PBe or PB Engage. MAAB for April 2018
= [4(RM40,000) + 5(RM38,500) + 15(RM37,500) + 6(RM45,500)] / 30 days
= RM39,600.00

Bonus Interest for April 2018
= RM39,600 x 1% p.a. x 30/365*
= RM32.54
10 April 2018 Customer A pays another bill of RM1,000 via Bill Payment function in PBe or PB Engage.
25 April 2018 Customer A receives salary of RM8,000 through PB Electronic Credit Payment (ECP) Service.  

*366 if it is a leap year

Example 2:
For Bonus Interest at 1% p.a. and MAAB above RM50,000:
Customer B has a total of RM100,000 in his PB MySalary Savings Account as at 1 May 2018.

2 May 2018 Customer B pays 3 bills totaling RM5,000 via Bill Payment function in PBe or PB Engage MAAB for May 2018
= [1(RM100,000) + 8(RM95,000) + 18(RM93,000) + 4(RM111,000)] / 31 days
= RM96,064.52

Bonus Interest** for May 2018
= RM50,000 x 1% p.a. x 31/365*
= RM42.46

 

10 May 2018 Customer B transfers RM2,000 to his son by using PBe or PB Engage
28 May 2018  Customer B receives salary of RM18,000 through PB ECP Service. 

*366 if it is a leap year
**The Bonus Interest is calculated based on MAAB at a maximum MAAB of RM50,000.

Premier ACE Account

Premier ACE Account Interest Rate Structure with effect from 18 May 2020

Range Nominal Interest Rate (p.a.) Effective Interest Rate (p.a.)#
First RM5,000.00 0.00% 0.00%
Next RM45,000.00 0.05% 0.05%
Next RM50,000.00 0.20% 0.20%
Next RM400,000.00 0.40% 0.40%
Next RM500,000.00 0.60% 0.60%
Next RM500,000.00 0.80% 0.80%
Next RM500,000.00 1.00% 1.00%
Next RM1,000,000.00 1.20% 1.21%
Thereafter 1.50% 1.51%

#The effective interest rates shown above are applicable for the deposit amount within the range of the said interest rate tier.

Example 1:
1 day
interest earned for an account with outstanding balance of RM1.0 Mil is as follows:

Range Interest Rate (p.a.) Calculation Interest Earned (RM)
First RM5,000 0.00% First RM5,000 balance X 0.00% X 1/365* 0.00
Next RM45,000 0.05% Subsequent RM45,000 balance X 0.05% X 1/365* 0.06
Next RM50,000 0.20% Subsequent RM50,000 balance X 0.20% X 1/365* 0.27
Next RM400,000 0.40% Subsequent RM400,000 balance X 0.40% X 1/365* 4.38
Next RM500,000 0.60% Subsequent RM500,000 balance X 0.60% X 1/365* 8.22
Next RM500,000 0.80% Subsequent RM0 balance X 0.80% X 1/365* 0.00
Next RM500,000 1.00% Subsequent RM0 balance X 1.00% X 1/365* 0.00
Next RM1,000,000 1.20% Subsequent RM0 balance X 1.20% X 1/365* 0.00
Thereafter 1.50% Subsequent RM0 balance X 1.50% X 1/365* 0.00
Total Interest Earned 12.93

*366 if it is a leap year

Example 2:
30 days
interest earned for an account with outstanding balance of RM3.2 Mil is as follows:

Range Interest Rate (p.a.) Calculation Interest Earned (RM)
First RM5,000 0.00% First RM5,000 balance X 0.00% X 30/365* 0.00
Next RM45,000 0.05% Subsequent RM45,000 balance X 0.05% X 30/365* 1.85
Next RM50,000 0.20% Subsequent RM50,000 balance X 0.20% X 30/365* 8.22
Next RM400,000 0.40% Subsequent RM400,000 balance X 0.40% X 30/365* 131.51
Next RM500,000 0.60% Subsequent RM500,000 balance X 0.60% X 30/365* 246.58
Next RM500,000 0.80% Subsequent RM500,000 balance X 0.80% X 30/365* 328.77
Next RM500,000 1.00% Subsequent RM500,000 balance X 1.00% X 30/365* 410.96
Next RM1,000,000 1.20% Subsequent RM1,000,000 balance X 1.20% X 30/365* 986.30
Thereafter 1.50% Subsequent RM200,000 balance X 1.50% X 30/365* 246.58
Total Interest Earned
2,360.77

*366 if it is a leap year
   

ACE Account

ACE Account Interest Rate Structure with effect from 11 February 2021

Range Nominal Interest Rate (p.a.) Effective Interest Rate (p.a.)#
First RM5,000.00 0.00% 0.00%
Next RM45,000.00 0.05% 0.05%
Next RM50,000.00 0.10% 0.10%
Next RM400,000.00 0.20% 0.20%
Next RM500,000.00 0.30% 0.30%
Next RM500,000.00 0.40% 0.40%
Next RM500,000.00 0.60% 0.60%
Thereafter 0.80% 0.80%

#The effective interest rates shown above are applicable for the deposit amount within the range of the said interest rate tier.

Example 1:
1 day
interest earned for an account with outstanding balance of RM1.0 Mil is as follows:

Range Interest Rate (p.a.) Calculation Interest Earned (RM)
First RM5,000 0.00% First RM5,000 balance X 0.00% X 1/365* 0.00
Next RM45,000 0.05% Subsequent RM45,000 balance X 0.05% X 1/365* 0.06
Next RM50,000 0.10% Subsequent RM50,000 balance X 0.10% X 1/365* 0.14
Next RM400,000 0.20% Subsequent RM400,000 balance X 0.20% X 1/365* 2.19
Next RM500,000 0.30% Subsequent RM500,000 balance X 0.30% X 1/365* 4.11
Next RM500,000 0.40% Subsequent RM0 balance X 0.40% X 1/365* 0.00
Next RM500,000 0.60% Subsequent RM0 balance X 0.60% X 1/365* 0.00
Thereafter 0.80% Subsequent RM0 balance X 0.80% X 1/365* 0.00
Total Interest Earned 6.50

*366 if it is a leap year

Example 2:
30 days
interest earned for an account with outstanding balance of RM3.2 Mil is as follows:

Range Interest Rate (p.a.) Calculation Interest Earned (RM)
First RM5,000 0.00% First RM5,000 balance X 0.00% X 30/365* 0.00
Next RM45,000 0.05% Subsequent RM45,000 balance X 0.05% X 30/365* 1.85
Next RM50,000 0.10% Subsequent RM50,000 balance X 0.10% X 30/365* 4.11
Next RM400,000 0.20% Subsequent RM400,000 balance X 0.20% X 30/365* 65.75
Next RM500,000 0.30% Subsequent RM500,000 balance X 0.30% X 30/365* 123.29
Next RM500,000 0.40% Subsequent RM500,000 balance X 0.40% X 30/365* 164.38
Next RM500,000 0.60% Subsequent RM500,000 balance X 0.60% X 30/365* 246.58
Thereafter 0.80% Subsequent RM1,200,000 balance X 0.80% X 30/365* 789.04
Total Interest Earned 1,395.00

*366 if it is a leap year
  

ACE Enterprise Account

ACE Enterprise Account Interest Rate Structure with effect from 11 February 2021

Range Nominal Interest Rate (p.a.) Effective Interest Rate (p.a.)#
First RM50,000.00 0.00% 0.00%
Next RM250,000.00 0.15% 0.15%
Next RM300,000.00 0.30% 0.30%
Next RM500,000.00 0.50% 0.50%
Next RM1,000,000.00 0.80% 0.80%
Next RM2,000,000.00 1.00% 1.00%
Thereafter   1.10% 1.11%

#The effective interest rates shown above are applicable for the deposit amount within the range of the said interest rate tier.

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 RM250,000 0.15% Subsequent RM250,000 balance x 0.15% x 1/365* 1.03
Next RM300,000 0.30% Subsequent RM300,000 balance x 0.30% x 1/365* 2.47
Next RM500,000 0.50% Subsequent RM500,000 balance x 0.50% x 1/365* 6.85
Next RM1,000,000 0.80% Subsequent RM0 balance x 0.80% x 1/365* 0.00
Next RM2,000,000 1.00% Subsequent RM0 balance x 1.00% x 1/365* 0.00
Thereafter 1.10% Subsequent RM0 balance x 1.10% x 1/365*   0.00
Total Interest Earned 10.35

*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 RM250,000 0.15% Subsequent RM250,000 balance x 0.15% x 30/365* 30.82
Next RM300,000 0.30% Subsequent RM300,000 balance x 0.30% x 30/365* 73.97
Next RM500,000 0.50% Subsequent RM500,000 balance x 0.50% x 30/365* 205.48
Next RM1,000,000 0.80% Subsequent RM1,000,000 balance x 0.80% x 30/365* 657.53
Next RM2,000,000 1.00% Subsequent RM2,000,000 balance x 1.00% x 30/365* 1,643.84
Thereafter   1.10% Subsequent RM100,000 balance x 1.10% x 30/365*  90.41
Total Interest Earned 2,702.05

*366 if it is a leap year

PLUS Savings Account

PLUS SA Interest Rate with effect from 11 February 2021

Range Nominal Interest Rate (p.a.) Effective Interest Rate (p.a.)#
First RM10,000.00 0.00% 0.00%
Next RM40,000.00 0.05% 0.05%
Next RM100,000.00 0.10% 0.10%
Next RM200,000.00 0.15% 0.15%
Next RM300,000.00 0.20% 0.20%
Thereafter 0.25% 0.25%

#The effective interest rates shown above are applicable for the deposit amount within the range of the said interest rate tier.

Example 1:
1 day
interest earned for an account with outstanding balance of RM550,000 is as follows:

Range Interest Rate (p.a.) Calculation Interest Earned (RM)
First RM10,000 0.00% First RM10,000 balance X 0.00% X 1/365* 0.00
Next RM40,000 0.05% Subsequent RM40,000 balance X 0.05% X 1/365* 0.05
Next RM100,000 0.10% Subsequent RM100,000 balance X 0.10% X 1/365* 0.27
Next RM200,000 0.15% Subsequent RM200,000 balance X 0.15% X 1/365* 0.82
Next RM300,000 0.20% Subsequent RM200,000 balance X 0.20% X 1/365* 1.10
Thereafter 0.25% Subsequent RM0 balance X 0.25% X 1/365* 0.00
Total Interest Earned 2.24

*366 if it is a leap year

Example 2:
180 days
interest earned for an account with outstanding balance of RM2,000,000 is as follows:

Range Interest Rate (p.a.) Calculation Interest Earned (RM)
First RM10,000 0.00% First RM10,000 balance X 0.00% X 180/365* 0.00
Next RM40,000 0.05% Subsequent RM40,000 balance X 0.05% X 180/365* 9.86
Next RM100,000 0.10% Subsequent RM100,000 balance X 0.10% X 180/365* 49.32
Next RM200,000 0.15% Subsequent RM200,000 balance X 0.15% X 180/365* 147.95
Next RM300,000 0.20% Subsequent RM300,000 balance X 0.20% X 180/365* 295.89
Thereafter 0.25% Subsequent RM1,350,000 balance X 0.25% X 180/365* 1,664.38
Total Interest Earned 2,167.40

*366 if it is a leap year

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