Mar 28 2015, 08:29 AM
QUOTE(Winston66 @ Mar 28 2015, 07:29 AM)
Hope someone can answer my question below
1. How to calculate the interest? Let's take TS case for example. Rm1000 x 3.25% = Rm32.5 (per month) So, total 6 month is Rm195 ??
2. Can I apply FD via m2u without go to the bank branches?
3. If I choose 1 month interest is it mean I need to renew/apply it every month or it would automatically calculate until I cancel it?
3.25% is PER ANNUM RATE, not monthly rate.1. How to calculate the interest? Let's take TS case for example. Rm1000 x 3.25% = Rm32.5 (per month) So, total 6 month is Rm195 ??
2. Can I apply FD via m2u without go to the bank branches?
3. If I choose 1 month interest is it mean I need to renew/apply it every month or it would automatically calculate until I cancel it?
Thus, in this case, ASSUME the tenure 4 month and had FINISHED the tenure
Interest earned: 3.25% x RM1, 000 x 120/365 = RM10.68
This post has been edited by JunJun04035: Mar 28 2015, 08:29 AM
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