Fixed Deposit Rates In Malaysia V. No.8, Please Read Post#1 and #2
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 Jan 26 2015, 11:03 AM
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#1
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Senior Member
1,254 posts Joined: Apr 2007 From: Berlin  
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Guys, just wondering
What is the proper calculation for FD? lets say you put in RM5,000 for 6 months (0.03) = RM150 is this the amount I am getting or there is another amount charged too? any proper calculations? btw feels weird man bank in brunei is offering 0.2% 0.3% 0.45% instead of Malaysia where 3% 4% am I being fooled here? guide me sifus This post has been edited by adix4: Jan 26 2015, 11:04 AM |
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Jan 26 2015, 01:10 PM
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#2
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Senior Member
1,254 posts Joined: Apr 2007 From: Berlin
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QUOTE(Human Nature @ Jan 26 2015, 11:19 AM) How do you reach that RM150? thank you Assuming you are placing for 6 months period with no monthly compounding, 3% will only give you RM75 at the end of month 6. http://www.miniwebtool.com/fixed-deposit-calculator/ Banks from different countries will have different policy..long time ago, our banks giving 10%   i just did the 3% x 5000 = 150 never knew the exact formula  |
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Jan 27 2015, 12:33 PM
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#3
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Senior Member
1,254 posts Joined: Apr 2007 From: Berlin
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QUOTE(mIssfROGY @ Jan 27 2015, 12:02 PM) u forgot that 150 is for 12months. So just cut by half = 75. ok this makes so much senseso if one month 1/12? |
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