Calculate the interest rate for Time Deposit:

Amount: 5,000 php

Duration: 3months

Interest rate: 5.25%

Maya Bank Help Center Home > Deposits for Individuals How is earned interest for Maya Savings computed? Earned interest is computed daily using the applicable interest rate/s and your end-of-day balance based on an actual number of days considered in the computation over the number of days in a year. Please note that interest rates may change but will only take effect after the public has been notified. Accounts considered dormant will earn no interest. Daily interest earned is computed based on the following formula: End-of-day balance x interest rate x (1/365*) *366 if leap year Total interest earned for the month is the sum of the daily interest earned for each day in the month. For the latest interest rates, you may refer to https://support.mayabank.ph/s/article/ How-much-interest-will-my-money- earn-in-Maya-Savings