https://www.mplusonline.com.my/macsecos/get...oducts/m-silver
The interest is 2.7% per annual
How do they calculate the interest since the money in trust account will move in and out when trading everyday..
How interest are being calculated?
How interest are being calculated?
|
Jul 2 2015, 10:06 PM, updated 9y ago
Show posts by this member only | Post
#1
|
Junior Member
468 posts Joined: Dec 2009 |
https://www.mplusonline.com.my/macsecos/get...oducts/m-silver
The interest is 2.7% per annual How do they calculate the interest since the money in trust account will move in and out when trading everyday.. |
|
|
|
Jul 3 2015, 02:25 AM
Show posts by this member only | Post
#2
|
Senior Member
6,562 posts Joined: Jan 2003 From: Kuala Lumpur |
"Interest bearing for trust account as high as 2.7% p.a."
As high, so no guarantee? Anyway, when it is being declared per annum (p.a) they can charge/give the interest based on a daily rest, just like the management fees of some unit trusts. Disclaimer: I haven't read the product details in full. |
|
Jul 3 2015, 04:22 AM
Show posts by this member only | Post
#3
|
Senior Member
1,080 posts Joined: Oct 2010 |
QUOTE(JasonLeeX @ Jul 2 2015, 10:06 PM) https://www.mplusonline.com.my/macsecos/get...oducts/m-silver U mean saving interest?The interest is 2.7% per annual How do they calculate the interest since the money in trust account will move in and out when trading everyday.. |
|
Jul 3 2015, 06:27 AM
Show posts by this member only | Post
#4
|
Senior Member
1,438 posts Joined: Dec 2011 |
Pls explain bro
|
|
Jul 3 2015, 03:44 PM
Show posts by this member only | Post
#5
|
Senior Member
8,950 posts Joined: Aug 2010 |
QUOTE(JasonLeeX @ Jul 2 2015, 11:06 PM) https://www.mplusonline.com.my/macsecos/get...oducts/m-silver You must read the details further - is it done on a daily basis, or monthly basis on a particular day/date, etc,... And everything is done via computers, the computer will see the amount inside the account at a particular preset time and day/date, then impose the interest amount calculation formula onto that amount, and come out with the interest amount.The interest is 2.7% per annual How do they calculate the interest since the money in trust account will move in and out when trading everyday.. |
Change to: | 0.0126sec
0.32
5 queries
GZIP Disabled
Time is now: 28th March 2024 - 09:26 PM |