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StaRChO

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I calculate the effective interest rate seems to be abt 2.9x% only. Is that correct?
(Mth 1 int + mth 2 int + mth 3 int + bonus int) x 4 / amt put in
 

Mickey01

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I calculate the effective interest rate seems to be abt 2.9x% only. Is that correct?
(Mth 1 int + mth 2 int + mth 3 int + bonus int) x 4 / amt put in
CIMB is correct and there is an error in your calculation :)

why you add Mth 1 ( Jan with 31 days), Mth 2 (Feb with 28 days). Mth 3 (Mar with 31 days) and multiply by 4? use 365 days please
 

sibeiTrolled

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How come 152.22 only?
Cause this is the bonus interest.

Which in this case assuming you have started on the first day of Jan and maintained till last day of March without any changes in the sum, would mean you have around 40K that are eligible?

You have to add the "INTEREST CREDIT", that appears at the end of month for Jan Feb and Mar, with the "INT GIRO PAYMENT CR" to get your 3.2%
 

Ahboy069

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Cause this is the bonus interest.

Which in this case assuming you have started on the first day of Jan and maintained till last day of March without any changes in the sum, would mean you have around 40K that are eligible?

You have to add the "INTEREST CREDIT", that appears at the end of month for Jan Feb and Mar, with the "INT GIRO PAYMENT CR" to get your 3.2%

Thanks for clear explanation
Yes ard 40k
 

coconut1

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Called CSO early afternoon and confirmed I was eligible and will receive by today but haven't receive yet so far :(
 

tiertime

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How come 152.22 only? So little it written as giro payment credit?
Or not paid out yet?
Is this indicated as
Bonus Interest or
Savings Bonus

My Savings Bonus I only got like $10.60... but I think there's a Cap for this (?)
 

Sausage

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bro, for Jan to Mar cycle, bonus interest only credited 30 Apr

Not sure if I missed qualifying or what but it's 1 May and I didn't get any bonus interest. This is the history of my deposits.


31 Jan deposited $5k to become eligible
1 Feb Deposited $200k
2 Feb Deposited $200k
7 Feb Deposited $80k
11 Feb Deposited $6k
End-feb $486 interest
17 Mar Deposited $17.5k
End-Mar $566 interest
1 April transferred everything out
End-Apr $28 interest

So yesterday I only got $28. No bonus interest at all this year.
 

reflecx

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Not sure if I missed qualifying or what but it's 1 May and I didn't get any bonus interest. This is the history of my deposits.


31 Jan deposited $5k to become eligible
1 Feb Deposited $200k
2 Feb Deposited $200k
7 Feb Deposited $80k
11 Feb Deposited $6k
End-feb $486 interest
17 Mar Deposited $17.5k
End-Mar $566 interest
1 April transferred everything out
End-Apr $28 interest

So yesterday I only got $28. No bonus interest at all this year.
There are some pre-conditions to meet, did you read through the T&Cs to make sure you met all of them?
Eg, it's $5k increment over 31 Dec, not simply a deposit of $5k.
 
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