Hi all seniors here, I'm new here, I have some doubts regarding the HSBC bank's 5% 3 month time deposit

how to calculate this? like say i put the money in for 3 months, then uplift it after maturity date (3 months), how much interest do i get? since interest rate written is 5% per annum, doesnt it means need 12 months?

if say for example i put rm10,000 for 3 months and uplift it after 3 months
would i get interest rate of 10000x5%=rm500? or would it be lower?






another question is that, is it worth the hassle, or should I just deposit into SCB 4.25% 9 months?



and I would also like to know whether bank FD rates changes? does it affect people who had locked in their respective FD's? (meaning after i subscribed to 12 months FD @ 4% pa, would i be affected on lets say 2016 or 2017 if that time FD rates drop to like 3%pa? or would my rate still remain at 4%pa?


sorry for asking so many questions, I'm new at all these

thanks in advance!

This post has been edited by alexace11: Mar 16 2015, 06:33 PM

or are there any other good investments that are relatively safe? (lower risk)

Thanks for your clarification!

may I ask something more? Should I put into FD or unit trust?

but i heard many ppl say unit trust very risky, and that many ppl lose money in unit trust (with exception of the ASB,ASW,ASN,ASG etc etc those)

and how to calculated compounded interest based on 15 month period wor? lets say if i put 20k for 4 years @ 4.5%pa, then how much i get at the end of 4 years?

Hi, I've just opened SCB FD @ 4.5% 15 months this morning..
and I was told that in order to open the fd, i would need to deposit rm1.5k, and I did..

now only saw that no need to deposit inside like that, what to do a?

And i wanna ask abt the SCB+ Prudential savings plan also, basically monthly need deposit rm470, for a period of 10 years, totalling rm56k, then after tenth year, no need deposit anymore, just keep getting the "surviving benefit = interests"

is it worth it?

yes, I have debit card

but the person said must have savings/current acc with them only can have the FD acc wor?? so if i withdraw then my FD acc cannot continue liao?

This post has been edited by alexace11: Mar 20 2015, 04:40 PM

I see, so I can just withdraw all the money out but the savings acc will still be active rite?

and PRUhorizon (SCB savings plan) is it worth it?

ok, thanks ya Human Nature

okok, sorry for that ya

Oh, the PRUhorizon, actually I know how it works, but not sure whether I should or not, but after contemplating for some while, I've decided not to take up that plan
since it will take too long time (around 11 yrs + to get back only the capital)

which AMbank FD plan is that?