daxiong88
Senior Member
- Joined
- Aug 6, 2013
- Messages
- 1,401
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You can withdraw any amount that is higher than the previous month lowest if you wanna enjoy the 2% interest, otherwise it will drop to 6 counter...
So example, if you have 15k for 12 month... with accumulated interest, let's just say you have $16k on December 2018 for easy calculation.
Then you decided to add in your SSB fund of another $14k, which you withdraw, paying $2 for early redemption, to put into Maxigain which at this Dec 2018 stage has 12 counters and thus hits 2%+/- interest.
So now you have $30k in Maxigain for Jan 2019, so by Feb 2019, you will get 2% interest of est. $50. Total $30050. You can withdraw the $50 and still enjoy 2% interest on the $30k since that's the last month's lowest amount.
But if you withdraw $100, total become $29950, your interest drop 0.6% to 1.4%, so next month you get 1.4% of $29950
Thanks bro for the detailed explanation.