i have non-stop the ubiquitous investment comment recently. i put myr 500 for the duration of 3 months. the bank settled which the distinction rate for 3 months is 2.74. i’ll get 70% as well as the bank will get 30%.
how would i know how most i’ve done after 3 months?
thanks.
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The online calculator I use will not let me enter anything less than 1 year.
But, in 1 year, a $500 deposit at 2.74% with no additional deposits will only earn $14.
So even if this was for a whole year and you only got to keep 70%, you would end up with $9.80.
You would be better off putting the money in a regular savings account where you get to keep all of the interest.