Mar 19 2012, 02:40 PM
QUOTE(Beachkid @ Mar 19 2012, 01:10 PM)
Hi guys, I am new to investments in terms of fixed deposit. I have two fixed deposits right now but I always get confused about the terms.
For instance, if i get 3.4 % in 3 months and 3.5 % in 6 months. Does this mean the long term is always better?
But if I finish my 3 months fixed and turnover to another 3 months..I will get a higher profit of 3.4 % plus the 2nd 3.4% correct? If this is so,,,why do banks offer a long term but shorter interest rate compared to the two shorter terms added together?
remember interest rage is per annumn 3.4/12*3month+3.4/12*3 month or 3.5/12*6month do the mathFor instance, if i get 3.4 % in 3 months and 3.5 % in 6 months. Does this mean the long term is always better?
But if I finish my 3 months fixed and turnover to another 3 months..I will get a higher profit of 3.4 % plus the 2nd 3.4% correct? If this is so,,,why do banks offer a long term but shorter interest rate compared to the two shorter terms added together?
Quote
0.0351sec
0.25
7 queries
GZIP Disabled