@netcrawler

people say PB foreign currency doesnt have auto renewal...thats already a bad sign

bank spread on currency is 0.5 or something higher + -, even if they offer high % u still might lose more during end of period

foreign currency is meant for long term investment.....especially during when currency is not stable.....long term can break even the possibility of currency devalue or maybe earn more

short term have high chances of losing because of the spread(cost) by the bank

abit same thing like UT....u canot buy and sell UT in short time because of their charges....

This post has been edited by dr2k3: Jun 26 2008, 11:18 PM

well...thats what i heard from people

u can call the bank to verify.....the rate in PB is too high to be true for me and they dont publish real rate

Upon maturity of the FCY FD, it will be renewed under the respective prevailing FCY FD interest rates, ie. counter rates, without additional interest rates.

so thats mean 9.x% on first year after that go back to their original rate which we dont even know what

if you notice the "Additional Interest"

normal 1 month fd is lower compare to 12month/1y but they r reverse

example

1 month = 3.1%

3month = 3.4% etc etc...

but pb is

1month = 1% extra thats mean 10%

then 3month is 0.5% thats mean 9.5

opposite...isnt that kinda weird?

This post has been edited by dr2k3: Jun 27 2008, 12:06 AM

o ya haha~ u have to divide 12 month....i got confused..

9.x% is promotional rate....where is the original rate...their counter rate

true....thats why i say if its 200-300% increase i myself wont have any problem...even 500% increase on food

the auto renewal thing must ask the bank very detail.......some is in and out = renew....some just renew the "contract" without touching the currency

yes~

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Added on March 4, 2011, 2:31 pm5y....thats is a very long period

This post has been edited by dr2k3: Mar 4 2011, 02:31 PM