in
How is accrued interest calculated?
mas
Source: https://www.mas.gov.sgThe actual amount of accrued interest paid out on each redemption date is calculated according to this formula:
AI = (CPN/2) x (DC/PC) X H
Where:
CPN = Annual interest rate (as a percentage) and not more than 2 decimal places
DC = Actual day count from the most recent interest payment up to, but not including, the date that the accrued interest will be paid out
PC = Total number of days from the most recent interest payment to, but not including , the next interest payment
H = Redemption amount
This information provided here is sourced from the MAS website.
Let other citizens know if this answer was helpful
Did this answer your question?Related Questions
What is accrued interest? How is the accrued interest calculated if I redeem my Savings Bond before it matures?
from MASI have submitted a redemption request. When will I get my money back?
from MASHow will I receive interest payments?
from MASHow can I check the results of my redemption requests? Will the bank notify me?
from MAS
Can’t find what you’re looking for?