FD rates in Malaysia, Which bank offer the highest FD rates?
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 Sep 14 2011, 01:55 PM
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#1
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Senior Member
4,431 posts Joined: Mar 2007 From: Soviet Sarawak  
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Hi guys, I got a question about FD which I'm not sure about. Hope can get explaining from expert here.
Let say I have 100k right on hand now, and I intend to put it as monthly (with auto renewal) FD in bank with the interest is 3% per month. Meaning that I will gain 3% / 12 months * 100k? This post has been edited by fylon: Sep 14 2011, 02:17 PM |
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Sep 14 2011, 07:22 PM
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#2
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Senior Member
4,431 posts Joined: Mar 2007 From: Soviet Sarawak
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QUOTE(jacob888 @ Sep 14 2011, 02:53 PM) yes, u earn around RM250 per month  QUOTE(BoomChaCha @ Sep 14 2011, 04:22 PM) And you get compound interest every month.. QUOTE(MilesAndMore @ Sep 14 2011, 04:51 PM) Only if your instruction is to renew the whole principal + interest. Thanks so much for the info guys! Was helping my dad to clear her doubt actually.  |
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