Note: The calculated interest is an estimated value, based on a daily interest value rounded off to 2 decimal places and then summed up for the entire month. These assumptions are applied: (i) SGD balance maintained in the Multiplier Account does not change throughout the month; and (ii) the month has 30 calendar days.
Higher interest will be credited in 2 parts:
(i) base interest at our prevailing interest rate, calculated on daily balances will be credited at month end, and
(ii) preferential interest at the preferential interest rate (which is the higher interest rate less the prevailing interest rate) based on the sum of your eligible transactions with us, calculated on daily balances, by the 7th working day of the following month.