Feb 3 2010, 07:24 PM
QUOTE(brotan @ Feb 3 2010, 06:02 PM)
Hi all,
EON bank is offering FDR + 1.25% while most others are offering BLR - 1.8%
At the moment, the effective rate are the same
What about long term ? Which is better ?
Does FDR increase same rate as BLR ?
Usually....EON bank is offering FDR + 1.25% while most others are offering BLR - 1.8%
At the moment, the effective rate are the same
What about long term ? Which is better ?
Does FDR increase same rate as BLR ?
FDR + 1.25% = 2.5% + 1.25% = 3.75%
BLR - 1.8% = 5.55% - 1.8% = 3.75%
Depends on bank will +/- 0.05% on the above rates.
FDR and BLR will move together in tandem if BNM change the overnight bank rate (currently 2%). So.. both the same.
. EON bank damm tricky in it's sales promotion. 
Added on February 3, 2010, 7:28 pm
QUOTE(maxee @ Feb 3 2010, 06:56 PM)
FDR = Fixed Deposit Rate, means it is fixed and wont change. Which is better is depends on the country's economy.
FDR do change with the BNM overnight policy rate. Nothing is fixed. This post has been edited by gark: Feb 3 2010, 07:29 PM
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