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 Maybank2u eFixed Deposit

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sheng
post Aug 3 2013, 07:55 PM

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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
sheng
post Aug 3 2013, 09:03 PM

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QUOTE(Pink Spider @ Aug 3 2013, 08:51 PM)
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
*
ok thanks for the clarification

 

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