Maybank2u eFixed Deposit
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 May 8 2013, 12:14 AM
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#1
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Senior Member
16,872 posts Joined: Jun 2011  
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QUOTE(moiskyrie @ May 8 2013, 12:04 AM) want to ask, U put 2 months FD, 2 months later of course u will get interestif i put 2 month efixed deposit, mean after 2month i withdraw, will got interest or not? thanks  calculate this way placement amount x interest rate x months placed / 12 months E.g. place RM5K for 2 months at 3.1% RM5K x 3.1% x 2/12 |
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Aug 3 2013, 08:51 PM
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#2
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Senior Member
16,872 posts Joined: Jun 2011
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QUOTE(sheng @ Aug 3 2013, 07:55 PM) if i choose 6 months tenure, the interest will be calculated monthly ? quarterly? or after 6 months onli? im still kinda confused, whether FD have compounding interest Interest not compounded.e.g. placement of RM1,000 Interest u get is RM1,000 x rate x 6/12 U only get it at end of 6 months, thus not compounded |
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