there are 2 6mth alternatives...
1) PBB - 4.1% ...Princ 20.5k
2) HLB - 4.3% ...Princ 19.5k + 1K in SA

calculate interest earned in PBB & HLB. Breakeven is the point where interest earned in both alternatives are the same.

No need to split hairs  for 0.1% HLB SA and monthly interest ... that one only for the geeks

Guys,

I found a small 'workaround' in Maybank online GIA account if you want the interest to credit to principal instead of credit to account.

Once you have selected all the details like amount, term, credit to account, etc... click next.

Then DO NOT click submit but click back.
The option Credit to Principal will be an option in the dropdown.

but can proceed? mine was rejected few weeks back

Hi guys i would like to learn how FD works is it like i keep a capital for example 500k so will i get interest of it monthly from the capital?

Usually normal FD are supposed to pay the interest at the end of tenor on maturity. However some banks have monthly interest payments as an option which you must choose during placement of the FD, subject to certain conditions.
For example, Bank Rakyat requires at least 5k and longer than 6 months, and an a account to credit the interest automatically each month.
Ambank also offers monthly interest for senior depositors. Other banks may offer monthly interest but usually specific to a particular promotion such as HongLeong current offer for seniors.
Usually the banks allow a senior to have a joint account with a younger person/s.
To avoid any confusion, place your FD not later than the 28th of the month, then the interest will always creditted on the same day each month.
Some banks calculate based on  29/365 when a  leap month occurs, and 28/365, 30/365 or 31/365 for other months..
Some other banks eg Maybank, will take into consideration leap month and use 366 as divisor.
Alliance Bank however, will divide the total interest due by number of months (promo over).
All the banks will make adjustments to the interest paid due to rounding error for each month.
To avoid confusion, you may place a multiple of RM 365 such as RM 3,650, RM 7,300, RM 365,000.

Depending on the promotion, interest can also be paid upfront, at end of each step, quarterly, halfyearly, yearly or on maturity besides monthly.
It is highly advisable to clarify the interest payment on each placement to avoid unpleasant mistakes.

should you put your interest into e-gia account, you will have additional 4% on your RM429 interest.

I dont want to waste time calculate the interest.

At the end of tenure, I just check whether the interest that I get is 4.5% or not.

Let say RM10000, i should get RM 10450

Big Boss met his 4 friends for their usual makan and chitchat....