How is interest calc for this case?
I m trying to apply this 30days 3% coupon with 10k fresh fund. Not sure is my calculate correct as 3%pa of 10k is 300 then divide by 12mths is $25 but the coupon 30 days which is equivalent to a month interest is only $12.32 which is slightly less than 1.5% is my calculation off?
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Will73 : 10k*3%=300，300/365*30=24.65
you can ask CS if you are not sure
MYOs : Is your coupon’s maximum cap at $5k?
102712895 OP MYOs : Hi, yes i had thou this is 10k coupon but indeed is 5k thus $12.32 interest after confirming with customer service![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Cui Nyonya Kueh : Is compounded interested right?
BabaBLK : Yes always look at the terms & conditions to get the maximum yield.