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 Fixed Deposit Rates in Malaysia V6.1, Please Read Post #1

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Caprivy
post Jul 30 2014, 08:44 AM

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Hi guys.. Would like to seek advice here as I'm a newbie in FD stuff.
1) I have an existing FD which the term will mature soon in few days time. It's a 1mth FD. I would like to renew and add additional money to it (not much, slightly more than 1k) , is it worth it or should I just open a new FD to put this new amount of money there. I'm just not sure how it will affect the interest rate.

2) if I renew + add additional money to my 1mth FD, what is the process to add the money? (Eg. Before maturity date or after maturity date)

I have open this FD through online and it will mature this weekend. Since it's a non working day, does this affect the "renewal + adding $$" process too?

Much appreciated for your replies.

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