Personal Financial Management V3, It's all about managing your $$$
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 May 1 2015, 05:31 PM
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#1
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Junior Member
274 posts Joined: Nov 2012 
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Hi guys,
I'm currently having 9k in my Tabung Haji account. I'm planning to get married at the end of this year, and have been thinking to put my money in short term FD. My friend said probably I can put my fund into 3- month FD, then bring out it again, and put the fund again into same 3 mth FD, to grow my fund. can I actually do so? |
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May 2 2015, 07:58 AM
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#2
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Junior Member
274 posts Joined: Nov 2012
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QUOTE(MUM @ May 1 2015, 10:18 PM) how much "interest" (Hibah/Mudharabah or what is the correct term) will you get from TH if you keep until end of the year? what does pa % for FD means actually? is it X % pa divides with 12 months?RM 9000 x 4%pa FD (app FD promo rate) will gives you approximate RM 30 per month interest. Multiply that by the number of months in FD.....you do the maths...  QUOTE(Dividend Magic @ May 2 2015, 12:37 AM) Yes you can. Even a shorter one month FD is possible. oh, interesting. thank you for this info.To make it easier, set it to auto renew after it matures. |
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