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e$aver’s prevailing interest rates are 0.50%p.a. for a deposit balance of less than $50,000, 0.88%p.a. for a deposit balance of $50,000 to $199,999 and 1.00%p.a. for a deposit balance of $200,000 and above.
Bonus interest will be paid on top of the prevailing e$aver interest rates. Bonus interest will be paid only on the top-up amount (“top-up amount”) if the average daily balance for a calendar month during the bonus period (“bonus period”) is higher than the average daily balance for the comparison month (“comparison month”). Bonus interest will be calculated at the end of the calendar month and credited on the first working day of the next calendar month.
For the period of 18 August to 24 September 2008, bonus interest is 0.50%p.a. if the average daily balance of a calendar month in the bonus period is below $50,000 and 0.30%p.a. if the average daily balance of a calendar month in the bonus period is $50,000 and above.
For the period of 25 September to 31 December 2008, bonus interest is 0.50%p.a. if the average daily balance of a calendar month in the bonus period is below $50,000; 0.30%p.a. if the average daily balance of a calendar month in the bonus period is $50,000 to less than $500,000, 0.68%p.a. if the average daily balance of a calendar month in the bonus period is $500,000 to less than $1 million and 0.88%p.a. if the average daily balance of a calendar month in the bonus period is $1 million and above.
“Top-up amount” is the difference in the average daily balance for a calendar month during the bonus period and the average daily balance for the comparison month.
For e$aver accounts opened before 1 August 2008, “Bonus period” is 18 August 2008 to 31 December 2008 (both dates inclusive). “Comparison month” is July 2008. Between 18 and 31 August 2008, bonus interest will be paid based on 14 days. From September to December 2008, bonus interest will be paid based on the number of days in the respective calendar months.
For e$aver accounts opened between 1 August to 31 August 2008, “Bonus period” is 1 September to 31 December 2008 (both dates inclusive) and “Comparison month” is August 2008.
For e$aver accounts opened between 1 September to 30 September 2008, “Bonus period” is 1 October to 31 December 2008 (both dates inclusive) and “Comparison month” is September 2008.
For e$aver accounts opened between 1 October to 31 October 2008, “Bonus period” is 1 November to 31 December 2008 (both dates inclusive) and “Comparison month” is October 2008.
For e$aver accounts opened between 1 November to 30 November 2008, “Bonus period” is 1 to 31 December 2008 (both dates inclusive) and “Comparison month” is November 2008.
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