Since i am a PTPTN recipient, I normally have huge amount of money in Bank Islam account which i m gonna to use up slowly. So, i will set aside some portion of it into fix deposit to earn some tiny interest.
Below are the interest rate offer by the bank:
Period | PSR Customer : Bank | Rate % p.a |
| 1 month | 45 : 55 | 2.00 |
| 3 months | 45 : 55 | 2.00 |
| 6 months | 45 : 55 | 2.00 |
| 9 months | 45 : 55 | 2.00 |
| 12 months | 50 : 50 | 2.22 |
| 15 months | 52 : 48 | 2.31 |
| 18 months | 52 : 48 | 2.31 |
| 24 months | 54 : 46 | 2.39 |
| 36 months | 56 : 44 | 2.48 |
| 48 months | 58 : 42 | 2.57 |
| 60 months & above | 60 : 40 | 2.66 |
In July, realising that i am not gonna to use my money till school starts, thus i put the the fixed deposit for 3-month period.
How stupid i am....I should put 1-month and let the compounding interst works....which i earn same amount of interest and also liquidity.
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