tymbank

* i need clearance on this if I had initialy deposited a 1000 after a month I expect R1050. instead I get small interest around not matching that 5% interest and now it had changed to 6%....exactly how what type of calculation is used here. if you could make an example with R1000.

5% 1-30 days Earn 5% from day one. Now that’s a good start 6% 31-90 After 31 days your interest rate ups to 6% 7% 90+ days From here on the interest jumps to 7%. Don’t touch your money – just watch it earn interest on the interest already earned. It’s a beautiful thing 8% 10 Days Notice Give us a 10-day heads up before taking your payout, and earn yourself a Bonus on all the interest earned on your GoalSave. This takes the maximum rate you’ll earn to 8%* 11% 10 Days Notice Earn the 11%* ‘Kicker’ when you perform 10 or more transactions for 3 consecutive months, and give 10-days’ notice on a payout. GoalSave Bonus and Income Kicker are calculated by multiplying the stepped GoalSave interest earned over the life of the investment by a factor. The calculation details are explained in the FAQ "How is GoalSave calculated?" Interest rates are quoted on a per annum