Earned interest is computed daily using the applicable interest rate/s and your end-of-day balance based on (Actual number of days considered in the computation)/(365).
Daily interest earned is computed based on the following formula:
End-of-day balance x (interest rate) x (1/365)
Total interest earned for the month is the sum of the daily interest earned for each day in the month.
Interest rates may change but will only take effect after the public has been notified. Accounts with no deposit or withdrawal for the past 2 years will earn no interest. For the latest interest rates, see Annex A of the Terms and Conditions at mayabank.ph/terms-conditions.