You will not receive any interest payout if the interest calculated is less than RM 0.01. However, this accrued interest amount that is not paid out for the day will be carried forward to the next day as a residual amount, which will be accumulated ...
Each day, the interest on your Ryt Bank Savings Account is determined by the day's end balance and the prevailing interest rate. This interest is calculated using the formula: Interest per day = (Day’s end balance * X%) / 365 • “Day’s end balance” ...
The interest rate offered for the Ryt Bank Savings Account is currently 3.00% per annum. Stay tuned for updates on the latest interest rates offerings!