it's simple math pal, all banks follow the standard defination of P.A. or Per Annum
but when less than a year they will go by ratio of months you choose for your lock in period. 

so taking your example

" 1 month FD promotion, 4% per annum. "

would translate to

Interest Rate = 4.0% (as marketed / mentioned)
Effective Rate = 0.3333% (the ACTUAL interest rate you would be getting that will be used to multiple with your deposited amount as it's only 1 month)

cclim2011 a noble thing you're trying to do. but don't end up    ya! 

   

Darn it, you posted your question before I finished typing mine 

good on you if you got patience.

hehehe i now wait for the inevitable ...the long, pedantic essay from you know who 

EVIL BUNCH!!!!!



christmas is coming soon.. be nice!!!! LOL!

-------------------------------

AMB Still have the empowerment rate - but for 5 years only got good rate...

3 years for 4.02%

hi i have 800K, may i know which bank interest is highest?

well lets start from 6 months maybe.

thx very much. but how come i didnt see this rate at the first page?

I don't know why is it so hard for you to get effective rate but anyway
for your example above

Interest rate = 4%
Effective rate = 4%

what do u mean?
i cant bank in by cheque?

you really don't get it do you pal ?

for 24 months@4.0% the calculation is as below

4.0* 12/12 months = 4.0% and its the same for year 2

so effective rate is 4.0% for year 1 and 4.0% for year 2

for month 1 to month 12 = 4.0% * 12/12 = 4.0%
for month 13 to month 24 = 4.0% * 12/12 = 4.0%
take an example  15 months @ 4.0% P.A.  (for the sake of telling you that you aren't seeing the picture yet)

interest rate = 4.0%
effective rate = 4.0% for year 1 (mth 1 - mth 12) and 1.0% for year 2 (mth 13 - mth 15)

and this is how banks calculate the for you

for month 1 to month 12 = 4.0% * 12/12 = 4.0%
for month 13 to month 15 = 4.0% * 3/12 = 1.0%
do you get it now pal ? this called Per Annum interest rate try to ask your local bank and they calculate like this too

can we all now proceed back to the main path of this thread and post about latest interest rate offered by banks ?

For your information, AmBank promotion - 9 months ( 4% ) already closed.

LMAO!!!!!!!!!!!!

Just had dinner and thought of coming back to check for updates... This made my evening... 

Come... 

And seriously you have good patience. 
...........................

On side note: that's how we derive the total interest we earn, so technically not wrong what...   

I'll give you one piece of cookie. With chocolate chip toppings. 🍪

really?
i am not aware of this........

Only if u have multiple different bank accounts with different banks. One account only allows one  Rm30k fpx per day. My pbb is.

Until this date, which promo that is ongoing with the highest rate?

So far HLB and UOB offering 4.0%

Any bank that offers higher than 4.0?

This HongLeong Connect eFD offers by FPX method - any other banks changed their programs so can do multiple 30k placements besides keep shifting money to Maybank M2U for this offer?
Besides the eFD placement, any idea whether can do similar multiple FPX for paying many others above 30K by using M2U or other banks when redirected by other vendors? I mean is this a special thing between HLConnect and M2U only or can similar thing be done for other vendors/M2U?

For the HLB, only if you make e-transfer fund from other banks then only eligible for that 4.15 right

Yesterday terminated BR's FD. OTC ibg to MBB. Placed for 1 day GIA-i, earned 1 day interest. 

Terminated the GIA-i, placed for the HL eFD 9 mth 4.15% with monthly interest. As before smooth as silk. 

Oh u r wrong

The mthly interest is something to cure boredom...
Rather than waiying 1 year, u get to see every mth a small click going in ur acc... the feeling is very good.. becuz we r human, n generally human get bored easily if it is too long

what is "bsa"?