Mar 29 2015, 04:45 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?
1. The rest already answered you.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?
2. Can. As long as you got M2U account. Just go to FD section and put your funds into FD. There is a minimum amount for certain tenure and all details are there so you just have to click here and there and read up.
3. If you choose 1 month, means you can withdraw your FD without lost of interest at the end of every term (1 month). You can choose to automatically renew it - interest add on to principle or choose to credit principle and interest into your account which means the FD is no longer in active and you'll have to place a new FD after that.
For more info on FDs, you can check out the FD thread in Finance subforum.
https://forum.lowyat.net/topic/3456872
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