Save your money with Touch ‘n Go eWallet’s GO+ Micro Investment Service and enjoy 4% p.a.!
Touch ‘n Go eWallet is offering an extra 4% yield on your money. All you need to do is deposit a minimum of RM200 into your GO+ account and you will enjoy an extra 4% p.a. interest rate on the next day. You will enjoy the 4% p.a. yield along with the original yield of approximately 1.50 p.a. per day.
This offer runs from November 1, 2021 to January 31, 2022, and users who deposit money into Touch ‘n Go eWallet’s GO+ Micro Investment Service during this period will enjoy an additional 4% p.a. rate of return. If you deposit less than RM200, you will not be entitled to the additional 4% p.a..
The settlement time for GO+ is 4pm daily, which means that deposits made before 4pm will be counted as interest and deposits made after 4pm will be classified as next day deposits.
Touch ‘n Go eWallet then gives an example to make it easier to understand the 4% p.a. rate of return. Assuming you deposit RM5,000 into GO+, you will get RM0.5479 interest every other day, which is RM5,000 X 4% / 365 days = RM0.5479.
It is important to note that the interest rate will only be displayed in two digits, if you get RM0.0219, then the system will display RM0.02 and the rest of RM0.0019 will be accumulated to RM0.01 before it will be credited to your GO+ account.
The limit of GO+ account is RM9500, you can only deposit a maximum of RM9500 into your account. If you exceed RM9,500, the balance or interest will be credited to your eWallet account within 3 business days.
The original 1.5% p.a. plus the additional 4% p.a. makes a total yield of 5.5% p.a. which is higher than the time deposit.
