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How is the interest on my Fixed Deposit calculated?
The interest on your Fixed Deposit is calculated at the end of each day based on your placement sum. It is calculated at the interest rate offered on your Fixed Deposit and credited upon maturity.
Estimated Interest Upon Maturity = (Placement sum * X%) * (Placement days / Number of days in a year)
Where X is the current prevailing interest rate based on your selection when placing a Fixed Deposit.
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.
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help@maribank.sg
+65 6995 8688
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