How is daily interest calculated?

You earn interest daily based on the aggregate balance of your Main Account and Saving Pockets at the end of each day. Interest earned on the balance for each Saving Pocket is 2.68% per annum, and 2.38% per annum for your Main Account. We multiply your balance by the interest rate per annum over 365 days. Interest will be credited to your account when you earn at least S$0.01 in accumulated interest.

For example, based on an interest rate of 2.68% per annum applicable on balances in your Saving Pockets,

• On 17 August 2023, your balance in your Saving Pocket(s) is S$20,000. You will earn an accrued interest of S$1.46849.
• S$1.46 will be credited to your account on 18 August 2023 morning. Your balance will now be S$20,001.46. The remaining S$0.00849 will continue to accrue the next day.