Apr 16 2008, 05:59 PM
QUOTE(wodenus @ Apr 16 2008, 05:51 PM)
Wait... calculating lol 
saw your previous post, haha.QUOTE(cherroy)
I don't know about local bank, but those foreign banks like Citi, Standard Chartered, OCBC etc, you don't need to convert back, you can auto-renew it until whenever you wish, be it 1 month ot 2 months or 1 year.
Therefore, it is a place for one to diversify FD money, but not a place for one to gain little bit extra from the interest rate. Instead put all FD in RM, one can put in AUD, NZD, GBP, Euro to hedge against potential RM depreciation.
Therefore, it is a place for one to diversify FD money, but not a place for one to gain little bit extra from the interest rate. Instead put all FD in RM, one can put in AUD, NZD, GBP, Euro to hedge against potential RM depreciation.
anyway, cherroy, the banks you mention here, the interest rate is 7-9% for New Zealand ?
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