Yes, only 0.05%. There are tons of other bank accounts which gives you 1-2% without having any requirements (eg. CIMB fast saver, Maybank iSavvy etc). Why not park your spare cash over there? Unless you are expecting to use them in the next few days...
Bonus interest only for the 1st 50k?
What if we exceed 50k but didn't hit the 3rd catagory? What is the interest? 0.05%?
Have some spare cash since I some of sold my stocks and temporary leaving it in my multipler acc till I found new stock to buy..