How is the interest on my Mari Savings Account calculated?

Your interest is calculated at the end of each day based on the day's end balance. It is calculated at the current prevailing interest rate offered on your Mari Savings Account balance amount and credited the next day.

Interest for each day is calculated using the formula:

Interest each day = (Previous day balance in account * X%) / Number of days in a year

Where X is the current prevailing interest rate based on your balance amount.

For the credited interest to be displayed in your account, it must reach a minimum of S$0.01 when rounded to the nearest two decimal places.