Oct 16 2008, 01:35 PM
QUOTE(aeiou228 @ Oct 16 2008, 01:35 AM)
Yes you can.
Just to share a FD placement strategy with u. The highest FD rate is 3.70% for 12 months but you don't like it because your entire savings will be tied out for 1 year. But 1 month FD rate is currently around 3.10% and you don't like it either. In order to enjoy the best of both, you place your FD say RM1000 for 12 months but place it on monthly basis. As a result, you can enjoy 3.70% interest rate and at the same time with the flexibility to uplift some money every month after 1st year.
3.70% has been the standard rate for 12 mths FD placement since many years ago.
if monthly basis then will follow monthly interest....i think you mean break down to smaller months....Just to share a FD placement strategy with u. The highest FD rate is 3.70% for 12 months but you don't like it because your entire savings will be tied out for 1 year. But 1 month FD rate is currently around 3.10% and you don't like it either. In order to enjoy the best of both, you place your FD say RM1000 for 12 months but place it on monthly basis. As a result, you can enjoy 3.70% interest rate and at the same time with the flexibility to uplift some money every month after 1st year.
3.70% has been the standard rate for 12 mths FD placement since many years ago.
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