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Top Up Payroll Biz Campaign


Earn up to 1.20% p.a. bonus returns when you sign up or top-up your business current account.

Promotion Period: 1 August 2019 to 31 January 2020

Eligibility


New and Existing Business Customers under Small Medium Enterprise (SME) and Business Banking (BB) Segment

Participating Products


Participating products as follows:

Conventional

Islamic

  • Conventional Current Account
  • SME First Account
  • Basic Current Account for SME
  • SME First Investment Account-i
  • Premier Mudharabah Account-i (SME/BB)

Rewards


Earn Bonus Interest / Profit up to 1.20% p.a. on the incremental Average Daily Balance (ADB) in the payroll account during the campaign period.

Criteria:

  • Incremental ADB of above RM50,000 up to a maximum of RM1,000,000 in any of the participating products.
  • Active in Payroll Transaction.
  • Maintain minimum month end balance of RM50,000.

Participating Current Accounts:

Conventional

  1. Corporate Current Account
  2. SME First Account
  3. Basic Current Account – For Business Only

Islamic

  1. Premier Mudharabah Account-i for SME&BB
  2. SME First Investment Account-i

 

Interest / Bonus Profit Rate

Incremental ADB

Interest Rate / Bonus Profit

> RM50,000 to RM250,000

0.90% p.a.

> RM250,000 to RM1,000,000

1.20% p.a.

Sample of Interest Rate / Profit Rate Calculation for Top Up Payroll Biz Campaign


Sample 1 :

Campaign Type = Top Up Biz Payroll (Multi Tier)

Interest earned for an account with Incremental ADB balance of RM250,000 is as follows:-

RangeInterest Rate (p.a.)CalculationInterest Earned (RM)
First RM50,000 0.00% First RM50,000 Incremental ADB x 0.00% x 30/365* -
>RM50,000 to RM250,000 0.90% Max. RM250,000 Incremental ADB x 0.90% x 30/365* 184.93
Total Interest Earned 184.93

 

Sample 2 :

Campaign Type = Top Up Biz Payroll (Multi Tier)

Interest earned for an account with Incremental ADB balance of RM1.0mil is as follows:-

RangeInterest Rate (p.a.)CalculationInterest Earned (RM)
First RM50,000 0.00% First RM50,000 Incremental ADB x 0.00% x 30/365* -
>RM50,000 to RM250,000 0.00% Max RM250,000 Incremental ADB x 0.00% x 30/365* -
>RM250,000 to RM500,000 1.20% Max RM1,000,000 Incremental ADB x 1.20% x 30/365* 986.30
Total Interest Earned 986.30

 

Sample 3 :

Campaign Type = Top Up Biz Payroll (Multi Tier)

Interest earned for an account with Incremental ADB balance of RM2.0 Mil is as follows:-

RangeInterest Rate (p.a.)CalculationInterest Earned (RM)
First RM50,000 0.00% First RM50,000 Incremental ADB x 0.00% x 30/365* -
>RM50,000 to RM250,000 0.00% Max RM250,000 Incremental ADB x 0.00% x 30/365* -
>RM500,000 to RM1,000,000 1.20% Max RM1,000,000 Incremental ADB x 1.20% x 30/365* 986.30
Total Interest Earned 986.30

Terms and Conditions


Click here for Terms and Conditions (Conventional)

Click here for Terms and Conditions (Islamic)