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 Fixed Deposit Rates In Malaysia V. No.8, Please Read Post#1 and #2

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ivzh
post Jun 1 2015, 11:39 PM

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Hi guys, let say I have a fresh fund for rm100k for FD for 1 year, what is my best option?
ivzh
post Jun 2 2015, 01:58 PM

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Thanks for the suggestion, i m interest to put my fd in HSBC for the 5%PA interest

if i m going to have 4 FD account
FD A (mine) - 30k
FD B (mine + mother) - 30k
FD C (Wife) - 30k
FD D (mine + wife) - 30k

after 3 month, i should gain 120000x5%= 6000 am i correct?
Did some google but couldn't find the T&C for the FD promotion. So the promotion end on 30th june 2015? anyone have the link? TQ
ivzh
post Jun 2 2015, 02:28 PM

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QUOTE(Ramjade @ Jun 2 2015, 02:06 PM)
Yes. You are right. But make sure you close account after 3 months or else the rates will revert back to board rates.
*
the interest will be distributed to principal account after 3 month right? then it will be renewed automatically with the board rate, correct?
thanks

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