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 |
---|---|
|
|
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
- Corporate Current Account
- SME First Account
- Basic Current Account – For Business Only
Islamic
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:-
Range | Interest Rate (p.a.) | Calculation | Interest 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:-
Range | Interest Rate (p.a.) | Calculation | Interest 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:-
Range | Interest Rate (p.a.) | Calculation | Interest 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 |