Nov 4 2014, 10:26 AM
QUOTE(cybpsych @ Sep 4 2014, 07:34 AM)
anyone here having OCBC SmartSavers account?
got a question: assuming no withdrawal at all, when is the best time to deposit? early of the month or later of the month?
since the interest is accrued daily, my thinking is that it'd be best to deposit as early as possible.
e.g. deposit RM1k on 1st of the month, of which will get the 3.05% p.a. interest. based on interest calculation, it will take each day's balance starting 1st until end-of-the-month.
is my assumption logic correct?
Referecen: OCBC SmartSavers - Product Information Sheet
Just saw your post here. I have one, and yes better to deposit early. If the 1st day of the month falls on weekend I will just go to the CDM to deposit it.got a question: assuming no withdrawal at all, when is the best time to deposit? early of the month or later of the month?
since the interest is accrued daily, my thinking is that it'd be best to deposit as early as possible.
e.g. deposit RM1k on 1st of the month, of which will get the 3.05% p.a. interest. based on interest calculation, it will take each day's balance starting 1st until end-of-the-month.
is my assumption logic correct?
Referecen: OCBC SmartSavers - Product Information Sheet
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