Guys im just learning bout FD and want to know more .

My question is , if the bank puts the interest rates as 3.4 ..
So if i take the duration of 12 months , is it that i will get 3.4% of
the fixed deposit I put monthly ?

Interest
•To be paid upon maturity
•For savings of more than 12 months, interest will be paid every three months

That is what i got from the AgroFD . So im a bit unsure whether 3.4% is for monthly or 3 months ?

Oh okay .. i understand now .. so 3.4% is for the whole year ?
so lets say i have 1000 in FD , i will get 34 bucks in a year ? LOL !

Hmm , the amount is relatively very small .. It would only be worth it
if we put a big amount in FD right ? Otherwise it would only be
around 50 bucks per month for 20k ..

How much would u all invest in FD ? As in term of % , so lets say i have RM Xxx . Maybe i'll just put 30% of it to ensure that i would not touch the money in FD . Oh well u understand ..

Thanks guys for the information ! Really good one !

Lets say i put 3k into a fix deposit. How much would i get in return ?
Can someone calculate it for me ? If it is just 3% , does it mean annually i will only get RM90 per year ?

FD is very little if u dun have big savings. NO no not good for people like me cause i might need to use the money anytime. Still a student though LOL ~~