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! 

   

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)

24 month FD promotion, 4% per annum.
The effective rate per annum is ____ %

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

patience grows as people are aging lol. if I am a banker, I dont dare to give non 1-year-duration FD promotion anymore.

It's just an online forum for learning and sharing anyway haha

good on you if you got patience.

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

Thanks for the photo of the Affin OMG Combo II packages.     I collected their previous OMG Combo yesterday morning from Affin Islamic branch during walk around survey after EPF dividend announcement.

Comparing it appears that the 80% portions:-
Package 1 :- Big jump from 3.78% to 4% for 13 months.
Package 2 :- Big jump from 3.88% to 4.05% and longer by 1 month from 14 month to become 15 month.
Package 3 :- Big jump from 3.98% to 4.10% and longer by 3 months from 15 month to 18 month.

The 20% portions for 6 months did not change and maintained at 3.58%, 3.68% and 3.78%.

Your picture does not show the bundling requirements - whether any, remain the same as before or changed like open or top-up SA requirements which was RM 200, RM 500 and RM 1000 respectively. Are we to assume that they are still the same as before? ANSWER:- NO MORE REQUIREMENTS

I wonder how our real interest, effective interest rate  and pizza slicing sifus make comparison or comments against other flat rate or step-up promos coming up soon.     

The longer term rates had increased to range from 4% to 4.10% for Affin Bank according to this promo.  

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

   

patience grows as people are aging lol. if I am a banker, I dont dare to give non 1-year-duration FD promotion anymore.

It's just an online forum for learning and sharing anyway haha

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

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%

In RHB today. Their FD promo over for normal customers.

For Premier customer, their FD promo:

12 mth 4.05%
6 mth 3.85%

min 50k.

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

didnt follow up much lately.

want pidm protection? (need split to different banks then)
want to place for how long?

to add-on for the benefits of others

For non-premier customers (min 50k is still applicable)

12 mth 4.00%
6 mth 3.80%

Total fund size, RM2 billion for each tenure.

End 30/04/2017

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

   

eh I also notice long passages lately... that one I dont have the patience haha

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

better than get post reported and deleted. someone gud at reporting pipu's post here, you know who la.
me tu. long winded till pensan wat he is saying.
read post 1 to get some idea dulu.

well lets start from 6 months maybe.

bong bong give you some of my preference...

If age over 40, can go alliance (1 year) 4.05
If not, OCBC (1 year) or AMbank (9 month) 4
If Internet Savvy, Hong Leong (8 month). 4