Scenario 2
The customer opened his/her first UpSave account on July 10, 2023, making him/her eligible for upgraded 6% p.a. interest rate. This special rate applies to the first PHP 200,000 of his/her Total Average Daily Balance (ADB) across his/her UpSave account/s. In July, the customer's total ADB amounted to PHP 230,000. As a result, the customer will enjoy the upgraded interest rate of 6% p.a. from the promo on his/her PHP 200,000 ABD for 22 days in July.
Computation for number of days:
July 2023: From July 10 (account open date) to July 31