Fixed Deposit Rates in Malaysia V2, Read 1st post to find highest rate.
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 Mar 26 2012, 07:50 PM
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#1
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Senior Member
868 posts Joined: Jan 2003 From: penang  
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im new to this FD..so in my head the calculation when i put in rm40k in a bank with 3.2% for 3 month is..
rm40,000x3.2%=rm 1,280 so end of third month i will get rm 1,280..am i corret? thanks |
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Mar 26 2012, 08:16 PM
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#2
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Senior Member
868 posts Joined: Jan 2003 From: penang
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then if i put in rm40k for 12 months..so it will be like 3.2%..
so in the end of the year i will get rm1,280? |
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Mar 26 2012, 08:39 PM
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#3
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Senior Member
868 posts Joined: Jan 2003 From: penang
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QUOTE(David83 @ Mar 26 2012, 08:22 PM) YES. A full 12-month FD will mature at the end of period without any alternation. then i think its better to put the 40k in ASB cos i will get like 7.2%..so i will get rm2,880.. |
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Mar 27 2012, 07:17 AM
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#4
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Senior Member
868 posts Joined: Jan 2003 From: penang
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QUOTE(ronnie @ Mar 26 2012, 08:58 PM) If you are Bumiputera, ASB is your safest & best investment with high yield.... oh ok..thnks all for all the info |
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