How is the interest on my Multi-currency Time Deposit interest computed?

Interest is the amount your deposit earns when you place it in a GoTyme Bank’s Multi-currency Time Deposit. You can track your earnings daily and watch your money grow.

Interest depends on:

• The amount of your initial deposit
• The selected currency
• The annual interest rate based on the deposit term (tenor)

Here’s the formula:

(Initial deposit × Annual interest rate) × (Number of days / 365)

Let’s say you deposit US$1,000 for a 6-month term from July 5, 2025 to January 5, 2026, with an annual interest rate of 2.5%:

(US$1,000 × 2.5%) × (184 / 365) = US$12.60

Interest earnings are subject to a 20% withholding tax. So, in this example, you would receive:

US$12.60 − 20% tax = US$10.08 (net interest)