How is the daily interest on my account calculated?

You'll earn interest on the available balance in your account as of 12 AM each day.

Calculation Formula:
amana app Daily Interest = Available x Interest Rate / 100 / 360

Example:
- Day 1: If the client's free margin is $1,000, the interest calculation will be:  
 Interest = 1000 x 2.75 / 100 / 360
- Day 2: If the free margin decreases to $900, the interest calculation will be:  
 Interest = 900 x 2.75 / 100 / 360
- Day 3: If the free margin increases to $1,500, the interest calculation will be:  
 Interest = 1500 x 2.75 / 100 / 360
- Day 4: If the free margin is negative, the client will not receive any interest.
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