Fixed Deposit Rates In Malaysia V. No.8, Please Read Post#1 and #2
|
|
 Jan 16 2015, 02:04 PM
Return to original view | Post
#1
|
 
Junior Member
5 posts Joined: Apr 2013 
|
i was wondering which of the following option would be better for maybank's fixed deposit since im not sure how their calculation works
a) rm5000 for 1 month @ 3.15% with the interest credited to principal, auto renewal for 6 months b) rm5000 for 6 months @ 3.25% |
|
|
Jan 16 2015, 02:17 PM
Return to original view | Post
#2
|
|
Junior Member
5 posts Joined: Apr 2013
|
QUOTE(cklimm @ Jan 16 2015, 02:13 PM) I will say, spilt em up lets say i wont be using the funds anytime soon. i just wanted to know which of the two options would give more interest.RM 1500- 2months @ 3.15%, RM 1500- 3months @ 3.2%, RM 2000-6 months @3.25%. In case u need to touch yr funds, u will not lose all of the interest.   |
|
|
Jan 16 2015, 02:44 PM
Return to original view | Post
#3
|
|
Junior Member
5 posts Joined: Apr 2013
|
QUOTE(aeiou228 @ Jan 16 2015, 02:32 PM) Oh... So you want to know the effective rate ? owh so its called an effective interest rate! hahaha sorry for my lack of knowledge >.<1 month FD is 3.2% effective (up to the 6th month) i guess option 2 would be still be better in terms of return then |
|
Topic ClosedOptions
|
| Change to: |  0.0299sec
 0.27
 7 queries
 GZIP Disabled
Time is now: 29th November 2025 - 08:11 AM |
Quote