hi
How do u guys keeps switching bank for fd?Ask the bank issues a check then go to a better promotion?
Fixed Deposit Rates in Malaysia V2, Read 1st post to find highest rate.
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 Apr 9 2012, 08:09 PM
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Junior Member
100 posts Joined: Jan 2003 
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Apr 9 2012, 10:21 PM
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#2
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If 0.5% then no need hassle i think.But lets say this month i deposit 200k in ocbc 3.65% for half year.Then when the period end and they renew my fd for 3.3% i guess i need to find another bank for best rate right?
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Apr 9 2012, 10:59 PM
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#3
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QUOTE(gsc @ Apr 9 2012, 10:39 PM) 0.5% difference can be significant if your principal amount is big and also significant to pensioners who live on interests. sorry tho it was 0.05% 4% versus 3.5% is 0.5% difference Example Bank X, 3 mth 3.5%, Bank Y, 3 mths 4.0% (RM10,000 X 0.5/100) X 3/12 (quarter) = RM15 difference RM 100,000, difference is RM 150 RM1,000,000 difference is RM1500 Added on April 9, 2012, 10:44 pm 0.5% no need hassle but for 0.35% (3.65&-3.3%) you need find another bank ??    And thx apple1188 for your info  |
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