| Vivid Savings Account | |
| Daily Balance | Interest Rate(%) p.a.*^ |
|---|---|
| $1.00 - $10,000.00 | 1.28% |
| $10,000.01 - $50,000.00 | 1.88% |
| $50,000.01 and above*** | 0.25% |
|
* Interest rates quoted are subject to change at any time without prior notice. Terms and conditions apply ^ Interest is calculated based on each end day balance in your Vivid Savings Account and credited at the end of the month *** The entire Vivid Account balance will be calculated at 0.25%(p.a.) if it exceeds $50,000 (including interest credit) |
How does the interest work?
Eg: You maintain your savings with no withdrawals daily between October - December
| Illustration 1 For daily balance more than $9,999.00 |
My Daily Balance | Interest Rate | My Interest Earned | My Account Balance on the Last Day of the Month |
|---|---|---|---|---|
| October (based on 31 days) | $9,999.00 | 1.28% p.a. | $10.87 | $10,009.87 |
| November (based on 30 days) | $10,009.87 | 1.88% p.a. | $15.47 | $10,025.34 |
| December (based on 31 days) | $10,025.34 | 1.88% p.a. | $16.01 | $10,041.35 |
| Illustration 2 For daily balance more than $49,999.00 |
My Daily Balance | Interest Rate | My Interest Earned | My Account Balance on the Last Day of the Month |
|---|---|---|---|---|
| October (based on 31 days) | $49,999.00 | 1.88% p.a. | $79.83 | $50,078.83 |
| November (based on 30 days) | $50,078.83 | *0.25% p.a. | $10.29 | $50,089.12 |
| December (based on 31 days) | $50,089.12 | *0.25% p.a. | $10.64 | $50,099.76 |
* The entire Vivid Account balance is calculated at 0.25% (p.a.) as it exceeds $50,000 after the credit of interest. These calculations are for illustrative purposes only and are not representations, warranties or assurances of the actual interest credited. |
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