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Promo | Savings Account
Account Balance |
Prevailing Interest/ Profit Rates** |
Bonus Interest/ Profit Rates (on incremental fresh funds balance) |
Total Interest/ Profit Rates* |
|---|---|---|---|
First S$100,000 |
0.40% p.a. |
0.40% p.a. |
0.80% p.a. |
Next S$150,000 |
0.80% p.a. |
1.20% p.a. | |
| Next S$250,000 | 1.00% p.a. | 1.40% p.a. | |
Above S$500,000 |
0.40% p.a. |
0.80% p.a.
|
Account Balance |
Prevailing Interest/ Profit Rates** |
Bonus Interest/ Profit Rates (on incremental fresh funds balance) |
Total Interest/ Profit Rates* |
|---|---|---|---|
First S$100,000 |
0.40% p.a. |
0.50% p.a. |
0.90% p.a. |
Next S$150,000 |
0.80% p.a. |
1.30% p.a. | |
| Next S$250,000 | 1.00% p.a. | 1.50% p.a. | |
Above S$500,000 |
0.40% p.a. |
0.90% p.a.
|
How Bonus Interest/Profit Works for Preferred Customer
| Date | End-of-day Balance |
Incremental Balance against 31 July 2022 | Prevailing Interest/Profit | Bonus Interest / Profit |
Total Interest / Profit |
|---|---|---|---|---|---|
31 July 2022 |
S$100,000 |
NA |
NA |
NA |
NA |
1 – 10 August 2022 |
S$110,000 |
S$10,000 |
S$100,000 x 0.40% / 365 x 10 days = S$10.95 S$10,000 x 0.80% / 365 x 10 days = S$2.19 |
S$10,000 x 0.50% / 365 x 10 days = S$1.36 |
S$14.50 |
11 – 20 August 2022 |
S$300,000 |
S$200,000 |
S$100,000 x 0.40% / 365 x 10 days = S$10.95 S$150,000 x 0.80% / 365 x 10 days = S$32.87 S$50,000 x 1.00% / 365 x 10 days = S$13.69 |
S$200,000 x 0.50% / 365 x 10 days = S$27.39 |
S$84.90 |
21 – 25 August 2022 |
S$105,000 |
S$5,000 |
S$100,000 x 0.40% / 365 x 5 days = S$5.47 S$5,000 x 0.80% / 365 x 5 days = S$0.54 |
S$0+ |
S$6.01 |
26 – 31 August 2022 |
S$1,200,000 |
S$1,100,000
|
S$100,000 x 0.40% / 365 x 6 days = S$6.57 S$150,000 x 0.80% / 365 x 6 days = S$19.72 S$250,000 x 1.00% / 365 x 6 days = S$41.09 S$700,000 x 0.40% / 365 x 6 days = S$46.02 |
S$1,000,000^ x 0.50% / 365 x 6 days = S$82.19 |
S$195.59 |
Total Interest in August 2022 |
|
|
S$190.06
(Paid on last day of the month) |
S$110.94
(Paid on last day of the following month) |
S$301 |
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