Fixed Deposit Rates in Malaysia V2, Read 1st post to find highest rate.
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 Feb 3 2012, 02:05 PM
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#1
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Junior Member
216 posts Joined: Aug 2007 
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there is something come out from my mind
i take 6 month(3.1%) and 12 month(3.3%) interest as example First i choose 6 month, after it reach mature date, i get the interest. With the capital + interest, i choose another bank FD for six month again. assume 3.1 +3.1 = 6.2% is > 3.3% (12 month) can somebody enlightenment me ? |
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Feb 3 2012, 03:02 PM
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#2
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Junior Member
216 posts Joined: Aug 2007
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QUOTE(tifosi @ Feb 3 2012, 02:47 PM) If your concept works, I might well put every one month for 3%. Then 3%*12= 36% mean the FD need to wait 1 year to get the 6 month %? It is per annum bro   or after 6 month direct can get interest? |
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Feb 3 2012, 03:39 PM
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#3
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Junior Member
216 posts Joined: Aug 2007
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QUOTE(ronnie @ Feb 3 2012, 03:34 PM)  The interest quoted is per annum, by the banks For 3.1% p.a., each month you get interest approx 0.258% per month For 3.3% p.a., each month you get interest approx 0.275% per month The interest will be creditted to you at the end of FD tenure (1-60 months) |
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Feb 3 2012, 04:01 PM
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#4
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Junior Member
216 posts Joined: Aug 2007
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QUOTE(Gen-X @ Feb 3 2012, 03:42 PM) Just to elaborate further, for tenure above 1 year, interest may be paid half yearly or yearly. So ask when depositing. Then there are some FD accounts like for Senior and Juniors where interest are paid monthly. ok thanks. need to wait another time since already apply. |
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