Oct 18 2008, 06:45 PM
QUOTE(calvin00cool @ Oct 18 2008, 10:29 AM)
Bank WILL NOT convert back ur fcy fd to RM upon maturity. Thus, you are still enjoying the interest earned in fcy currency upon renewal of ur fcy fd.
FD Interest may vary fr time to time. (Eg, PBB revised Aud. % per month fr 7%>6.5%>6.1% within a month due to high currecy fluctuation)
*Conversion back to RM will only be make upon withdrawal of ur fcy fd.
i think its mostly due to Australia cutting their interest rate.. wow the foreign currency account's interest for Australia is almost double Malaysia banksFD Interest may vary fr time to time. (Eg, PBB revised Aud. % per month fr 7%>6.5%>6.1% within a month due to high currecy fluctuation)
*Conversion back to RM will only be make upon withdrawal of ur fcy fd.
This post has been edited by titanmelvin: Oct 18 2008, 06:46 PM
Quote
0.0146sec
0.54
7 queries
GZIP Disabled