Maybank offers 3% rate for 1 month fixed deposit.
If i deposited 10k for one month, is it i'm going get RM300 at the end of the month?
Anyone can help?
Fixed Deposit Rates in Malaysia V5
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 Nov 8 2013, 03:22 PM
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#1
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Newbie
2 posts Joined: Aug 2013 
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Hi, everyone. Newbie here...
Maybank offers 3% rate for 1 month fixed deposit. If i deposited 10k for one month, is it i'm going get RM300 at the end of the month? Anyone can help? |
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Nov 8 2013, 06:48 PM
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#2
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Newbie
2 posts Joined: Aug 2013
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QUOTE(munkeyflo @ Nov 8 2013, 03:26 PM) 3% is per annum. Meaning if you deposit 10k for a year (12 months) then only you'll get RM300. Oic, thanks bro.. If you deposit for only a month, then you'll have to divide the RM300 by 12 months. Which means you will only get RM25 at the end of the 1 month. Same goes to all other banks FD. The interest rate are all calculate per annum (p.a.).   |
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