Touch ‘n Go eWallet GO+ payout has come in at 2.32%! This is good news for regular Touch ‘n Go eWallet users who use it to spend money.
Since the National Bank’s interest rate hike in September, the Touch ‘n Go eWallet GO+ payout has increased to a level of 2.32% from the previous rate of approximately 2.12%. This rate is higher than the interest rate on a one-month time deposit.
If you are a frequent user of Touch ‘n Go eWallet, you can choose to deposit your money in GO+ so that you can enjoy the interest on your deposit when you spend with Touch ‘n Go eWallet.
Here’s how to calculate the GO+ dividend payout, which is very simple, here’s an example of a dividend payout of 2.32% p.a. and a deposit of RM1,000.
RM1,000 X 2.32% = RM23.20
RM23.20 / 365 days = RM0.0636
The interest rate is not too attractive, but for those who frequently use Touch ‘n Go eWallet to spend money, pay toll and parking fees, it is a good idea to keep your money in Touch ‘n Go eWallet. eWallet is not only available for spending, but also for earning interest, which is a win-win situation.
GO+ is the micro-investment feature of Touch ‘n Go eWallet, and all money deposited in GO+ will be invested in the Principal e-Cash Fund (Class A).
