If we put $1 mills to the FD, do you think the bank can give the interest rate 6% or more? Anyone try it before?
Fixed Deposit Rates in Malaysia V5
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 Oct 13 2013, 05:04 PM
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Oct 15 2013, 10:28 PM
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QUOTE(cherroy @ Oct 14 2013, 10:59 AM) Even with 1 billion, bank may not possible give more than 4 or 4.x% with BLR at 6.6%. Now it make sense to me why FD is not a way to accumulate wealth....10QAs bank nowadays got offer mortgages loan around BLR - 2%. means around bank earns about 4.x% interest, how can bank give more interest more than they lend out? Impossible. Somemore, banks have overheard cost on top on it. That's why even with the promotion offer, FD rate hardly go more than 4%, unless for attracting new customer, or short period of tenure one.  |
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