so..how does forx and stock market works?

anyone bought iris?

i woould recomended affiliate

Hopefully this helps.

Feel suprised seeing its up to 50 pages already and realize that it is old topic,revive from the dead.

About that FD on Maybank2u.I also can access that page.
Maybank give diff. amount of interest if we take different types of months(durations),lets say that if

I take 6 months and interest rate is 3.5%,
At the end of 6 months,do I get my money back + 3.5% interest rate for 6 months

OR

Do I get my money back + interest rate for each of month in 6 months.

err,does this sound confusing?

anyone could answer wuztag question coz i want to know too...

plus if i put money in FD for, say 6 month, can i put more money into the FD in the 2nd or 3rd month?

The interest rate is annual (aka yearly ) interest rate. So, at the end of 6 months, you get your money plus (3.5% * 6/12) -> 12 months in a year = 1.75%

No, you do not get interest every month.


Dreamer

This post has been edited by dreamer101: Aug 11 2006, 08:15 PM

No. Each FD is fixed and individual contract.

Dreamer

Geminist,

Do you have to be physically at Maybank to cash out the FD or you can choose to get the FD deposited into you A/C??

Dreamer

Sorry but I'm not sure about this since all of my FDs are not matured yet.

geminist.
I cant sign up coz they said I need to link my ATM card to ATM machine in the maybank2u menu nad get the PIN number but my ATM card is here in UK la...how???I dont dare to send my ATM card to Malaysia coz you know la...malaysian courier cant trust one.

how did you sign up???did you sign up in UK???

Hmmm, I opened my online banking back in Malaysia. AFAIK, you'll have to do that in Malaysia and not the UK.

DOH!!

if i am not mistaken there is a maybank branch in london.

but i need to travel there...i am in birmingham now.

plus i dont know whether they can help about it or not.

but anyway i did sent an email to maybank2u and see what they can do.

after that choose "maybank conventional fixed deposti" or "maybank gia mudharabah",then Principal amount put all the money u got in bank??And interest payment frequency only got on option?

how long is the period that you guys choose for FD?...

1 year FD give you the best rate in Malaysia..

Dreamer

This post has been edited by dreamer101: Aug 12 2006, 01:15 AM

so thats mean 1 year in FD is even better in interest than 2-5 years?theorically speaking arent it supposed to be the longer the period you FD the better the rate?

sorry to ask this noob questions but i want to know so i wont regret wasting my time choosing the wrong period.

Basically yes, it's not worthwhile to have your money "Frozen" for few years where the increment in interest rate for anything more than 1 year is just alittle higher

Can open more than one FD at a time?in the same bank?

Yes. In fact, you should open multiple FD within reasons. The reason is if something happen and you need the money, you just need to cash out just enough FD to get by.

For example, if you have 10K, you can do 1 X 10K FD or 2 X 5K FD. If you do 2 X 5K FD and you need the money before maturity, you just need to cash out 1 X 5K FD and suffer only penalty for 1 5K FD.

Some people believe in laddering too. Especially, if you believe interest rate is going up. In laddering, you do one FD every month or every X months, 1 year maturity and auto-renewal. So, if you need money, there is always a FD close by to cash out. Plus, your FD will catch the rising interest rate.

Dreamer