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Maybank m2u savers 2.1% pa, 2 gud 2 b true 4 savings acc?
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WaCKy-Angel
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 Jun 23 2011, 09:21 AM
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QUOTE(Bryan LSC @ Jun 23 2011, 09:17 AM) Yes, FD gives higher rates (3-3.8%) but cannot withdraw. This M2U is a savings account (can withdraw anytime) but gives 2.1% pa! Isn't this the best savings account in Malaysia? I actually dont understand how to differentiate the interest earning between savings & FD... For example, if i save 5000 in FB with 3%pa and the withdrawal/maturity date are actually 1 month (rm5000 min 1 month) so how much i can get after 1 month? Compared to savings lets say 5000 with 2%pa how much i can get after 1 month? My confusion is, isnt "pa" means "1 year" ??? |
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WaCKy-Angel
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Jun 23 2011, 10:56 AM
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QUOTE(jack2 @ Jun 23 2011, 10:50 AM) LOL, your maths really that sucks? Principal x Interest % x No. of month/12 My math exam = 0 lol
Added on June 23, 2011, 11:00 amQUOTE(NeoXeroX @ Jun 23 2011, 10:39 AM) 5k as FD, pa is 3% , pa = 12 months 5000 x 3% = 150 / 12 = RM12.5 per month. you can either choose to add the interest into the FD which called add-on, meaning that 1st Feb you start with 5000 FD, after 1 month, 1st of March your FD will be 5012.50 x 3% So its actually the same whether savings or FD eh? But how come i see my savings interest when credited its like shit near to RM0 ?? where as if i put in FD i do see the interest montly This post has been edited by WaCKy-Angel: Jun 23 2011, 11:00 AM |
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