FD rates in Malaysia, Which bank offer the highest FD rates?
|
|
 Jul 15 2010, 08:49 PM
Return to original view | Post
#1
|
 
Junior Member
188 posts Joined: May 2006 
|
I have a matured 3yrs FD.
Example - Principal - RM10,000 Interest/yr - 4% Tenture - 3Yrs Bank calculation - (RM10,000 x 4%) x 3yrs + Principal = RM11,200 (When Matured) Mine calculation - (RM10,000 x 104% x 104% x 104%) RM11,248.64 (When Matured) Which one is the correct method? I find out strange when bank have this calcution. |
|
|
Jul 15 2010, 11:12 PM
Return to original view | Post
#2
|
|
Junior Member
188 posts Joined: May 2006
|
Thanks ycs & miles, i was not aware tenure FD does not go with compound interest.
|
|
Topic ClosedOptions
|
| Change to: |  0.0350sec
 0.39
 7 queries
 GZIP Disabled
Time is now: 6th December 2025 - 08:31 PM |
Quote