Fixed Deposit Rates in Malaysia V2, Read 1st post to find highest rate.
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 Feb 17 2012, 11:32 AM
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#1
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Senior Member
3,506 posts Joined: Jan 2003 From: Lumpur 
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hi...
i have savings account in cimb and i do not have a check book. if i want to open FD account in OCBC, what options do i have to transfer the 10k with minimum cost? if the FD rate for 3 months is 3.6%, would that mean the interest i will be getting would be 10000 * 3.6% * 3/12 = RM30 for 3 months? sorry, never open FD before... This post has been edited by smokey: Feb 17 2012, 11:33 AM |
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Feb 18 2012, 09:25 AM
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#2
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Senior Member
3,506 posts Joined: Jan 2003 From: Lumpur
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QUOTE(nomen @ Feb 17 2012, 11:06 PM) Option 1 - By cash thanks..Option 2 - Withdraw from your savings account and ask for Banker's Cheque, but you will be charged between RM2.15 to RM5 bank commission, check with your bank. As for the 3 months FD @ 3.60% interest calculation: RM10,000 x 0.036 x No of days/366 (You will have to total up the No of days in the 3 months FD period as some months have 30 days and 31 days)  |
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