foozgarden
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- Apr 28, 2008
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I think It's calculated daily, rounded to the 2 decimal (or rounded up?). For my case, I managed to hit the maximum band 3.5% (due to bonus, some dividend, some big spending, and stock purchases)
I'm getting 146.63 which is calculated as such:
3.5% - 0.05% (Base DBS interest) = 3.45%
50000 * 0.0345 * (1/365) = 4.726 -> rounded to 4.73
4.73 * 31 = 146.63
yes, 146.63 is the max possible.
i got this amt too.