vince123123
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Thanks for the information, at least this is more useful than the wet blanket comments that have absolutely no analytical substance.
The implications of the term you have highlighted also means that the $135k topup must happen on the last day of the 12th month, and not the 1st day of the 13th month.
Strangely though, I did the topup on the 2nd day of the 13th month (2nd Apr) and got the full interest, bonus and all.
The implications of the term you have highlighted also means that the $135k topup must happen on the last day of the 12th month, and not the 1st day of the 13th month.
Strangely though, I did the topup on the 2nd day of the 13th month (2nd Apr) and got the full interest, bonus and all.
Nope, it doesn't as the lowest balance is 15k. From the FAQ:
How is bonus interest calculated?
...
The Counter increases by 1 each time the Bonus Interest Rate steps up. The Bonus Interest Rate steps up in a month if the lowest balance in that month is equal to or greater than the lowest balance in the preceding month. Bonus interest is computed based on the preceding month's lowest balance and number of calendar days in the preceding month. The lowest amount of funds in your MaxiGain account at any point in time in a month shall be the "lowest balance" of that month.