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Any interest received is accrued daily and credited into your trust account on the last working day of the month.
Example:
John has successfully subscribed to UCASH and currently has S$200,000 in his trust account as of 1 May. He removes S$100,000 on 15 May. If the prevailing interest rate is 1.3% p.a., he will receive 1.3% p.a. on S$200,000 from 1 May to 14 May and 1.3% p.a. on S$100,000 from 15 May to 31 May. The accrued interest earned will be reflected in his trust account on the last working day of May.
