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Interest calculation
May 1, 2020
6:42 am
6:42 am
2of3aintbad
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February 24, 2015
February 24, 2015
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May 1, 2020
7:14 am
7:14 am
davidgeorge
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May 20, 2016
May 20, 2016
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2of3aintbad said
Since the regular interest rate has been reduced to 0.25% during the period, the bonus rate has risen (to 2.75% in your case). It makes sense that the ratio is less than 1:1.11 for you. I opened a new account in April and so it was simple to confirm that I received the correct interest amounts.
Thanks. You are right. I forgot there was a rate change in April.
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