How is interest calculated on my GoalSave account?

Interest is calculated daily on your end-of-day balance, using the 3.0% annual interest rate. This is divided by 365 (the number of days in a year) to get a daily rate, then taxed by 20%, the standard withholding tax on interest income, leaving you with 80% of the gross amount.

Formula: End-of-day balance × 3.0% ÷ 365 × 80%

Example: If your end-of-day balance is ₱10,000:

₱10,000 × 3.0% ÷ 365 = ₱0.82 gross interest

₱0.82 × 80% = approximately ₱0.66 interest after tax