QUOTE(Ramjade @ Dec 12 2015, 10:00 AM)
Mbb interest given monthly and can be added to principal which makes mbb able to give effective rates of > 4.5%
Plus, its step up, so if you need the money and decided to withdraw, you still get good rates. Eg withdraw after 1 month get 4% (not many 1 month FD this high).
Dec 12 2015, 12:50 PM

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