FD rates in Malaysia, Which bank offer the highest FD rates?
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 Jan 2 2011, 12:52 AM
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#1
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Junior Member
321 posts Joined: Jun 2010  
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hi,I'm newbie to FD..wanna ask some questions...
1.if I wanna put Rm5K into a FD account for monthly tier,if the interest rate is 2.75%, how much interest i will get after one month?How to calculate it? interest=RM5000 X 2.75 %??  sorry if asking noob questions thanks in advance |
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Jan 2 2011, 01:12 AM
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#2
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Junior Member
321 posts Joined: Jun 2010
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QUOTE(Gen-X @ Jan 2 2011, 12:54 AM) RM5000 x 0.0275 x Nos. of days/365 after 1 month i will get 5000 x 0.0275 x 30/365 = 11.30 auto renewal, i will get 5011.3 x 0.0275 x 60/365 = 22.65 or i will get 5011.3 x 0.0275 x 30/365 =11.33??? |
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Jan 2 2011, 06:27 PM
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#3
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Junior Member
321 posts Joined: Jun 2010
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after surveying, i found that MBSB provide the highest interest
http://www.mbsb.com.my/deposits/ How about the Foreign Currency Fixed Deposit ?? Is it safe? |
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Jan 3 2011, 02:40 PM
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#4
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Junior Member
321 posts Joined: Jun 2010
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QUOTE(kucingfight @ Jan 3 2011, 01:34 PM) why not? i myself bought AUD thru public bank. 5.3% interest, yet alone, in my case, i earned 11% from the rates itself. (off course depending on the rate u buy/sell) so u meant,the interest will change time by time?will my deposit become less (rugi)? |
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Apr 12 2011, 11:32 PM
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#5
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Junior Member
321 posts Joined: Jun 2010
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i just open efixed deposit account via cimbclicks, a 3 month with 3.0% pa. Izzit safe for me do this online and dun have any supported document or account book for this acc?
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