QUOTE(bbgoat @ Jun 15 2016, 12:19 PM)
both offer same interest?Fixed Deposit Rates In Malaysia V. No.13, Strictly for FD Discussion Only
Fixed Deposit Rates In Malaysia V. No.13, Strictly for FD Discussion Only
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Jun 15 2016, 12:26 PM
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258 posts Joined: Sep 2006 |
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Jun 20 2016, 06:13 PM
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Jun 21 2016, 05:47 PM
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Jun 23 2016, 06:21 PM
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hsbc fixed deposit term
Where the Bank receives an instruction to place a fixed deposit by clearance of a cheque deposited by the customer, the Bank will value date the fixed deposit to the date on which funds are received by the Bank after clearance of the cheque; ... any other bank here follows? |
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Jul 22 2016, 08:30 AM
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QUOTE(ronnie @ Jul 21 2016, 11:26 PM) I deposited MBB GIA-i as follows 01-July : Added RM25000 19-July : Uplift the GIA-i Interest receive is RM48.84. Trying to find out how to get this figure of RM48.84.... notice there's a drop from 4% to 3.75% (* Effective from 16 July 2016 to 15 Aug 2016) QUOTE(Deal Hunter @ Jul 22 2016, 02:49 AM) In your case, you know that the First Effective Date is 1 July 2016. there's an eGIA term stated that "Profit rate: Rate as declared on maturity date".16 July 2016 instead of 15 July 2015 can considered the date of the change!! We can look at this as First Maturity Date is also 16 July 2016. 6) The interest bearing days for the 4% is then 16 days. 7) The interest bearing days for the 3.75% is 2 days instead of 3 days!! 8) Interest at 4% = 16 x 2.73224044 = 43.715647 Interest at 3.75% = 2 x 2.56147541 = 5.1229508 Total = 48.84 9) You may agree or disagree with the calculation used, or the main points of contention - 5), 6) and 7). You can confirm whether the way shown above is valid or not with more examples from readers who are interested in how FD interest is actually calculated so, the eGIA interest is 3.75% pa, and it does affect all. Attached thumbnail(s) |
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Aug 17 2016, 04:28 PM
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QUOTE(munkeyflo @ Aug 17 2016, 02:50 PM) Apparently effective yesterday. Just receive news from the bank staffs. website update yesterday the rate on 16/8/2016 And I went in to check Maybank website: http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts And it states 3.58% now. but stated "Effective from 16 July 2016 to 15 Aug 2016"??? so, it will reduce our interests from 3.75% to 3.58% for that periods as well? This post has been edited by nbi: Aug 17 2016, 05:02 PM |
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