Geminist,

I tried that one years ago.  Does that mean it is possible now??  What menu option did you used??

Dreamer

i dont think so...the return is too small.

then can you suggest the correct calculation for 1 month with 3.1%interest rate  and 12 month with 3.7% interest rate FD?with 10k investment?
for us?

Hi Folks,

Let's make something very clear here.  I am assuming you are putting money into FD for 6 months. 

Case (A) -> you are putting money into 6 months FD

Case (B) -> You are putting money into 1 month FD and you are doing auto-renewal.  Your 1 month FD roll into a new 1 month FD every month automatically with the interest.  You are taking the money out after 6 months to make a fair comparison.  I am ignoring the number of days in a month to make a simpler comparison.
Now, I will calculate very slowly.
At time 0, you have $10,000.
Atfer month 1, you have interest of 0.031/12 = 0.0258
With 10,000, you earn 10,000 * 0.0258 = $25.80

After month 1, you have $10,025.80.  Now, you auto-renew into a new 1 month FD at 3.1% again. Your principal is at $10,025.80 now

After month 2, you earn interest of

              $10,025.80 * 0.0258 = $25.87

After month 2, you have $10,025.80 + $25.87 = $10,051.67
And so on...

Let's call the principal as P
              Annual interest rate as I
              Number of months as N

The formula for amount after N months with one month FD is

P * ( 1 + I / N ) ^ N

Dreamer

hhm.... if like that, i think satu kali FD alot will b better.... see this

6month FD
satu kali rm60000 -> 60000 x 3.5/100x0.5 = 1050

each month FD 10000 for 6 month
10000x 3.1/100 x 31/365( or use 1/12)=26.33
so, after 6 month = 158 onli!!!

diffrent ab 892!!!