Hello to all sifus here,

Today I found out my MBB conventional FD deposited via M2U interested rate were changed.

Jan and Feb 2015 I roughly get ~3.15% p.a interest which matched the advertised rate at MBB page.

Due to I credit out the interest monthly, this month I found MBB only give ~2.89% p.a. interest, there is different of 0.26%, is M2U FD interest fix or floating? Interest earned are subjected to GST?

Thanks for the answer.