My foreign currency fixed deposit matured yesterday. Unfortunately, the interest rate offered for the next term is slightly lower. Since the exchange rate is not in my favour anyway, I decided to renew the entire sum for another term. Though it’s earning a little less, at least it should cover the spread of the exchange rate when it’s time to withdraw in full.
Meanwhile, there is another fixed deposit proposition by Public Bank that gives out 11.8% per annum for a minimum of a 3-month tenure, in local currency. The condition to qualify for this investment is to purchase a minimum of RM20,000 into a newly launched fund by the bank (the PB China ASEAN Equity Fund). I’m not so keen on this fund so there goes the great opportunity to earn that extremely attractive rate.
{ 2 comments… read them below or add one }
Try China or local base fund that “sector base” offered by public mutual.
for example public blabla consumer fund.
or something that “sector select”
thanks for the suggestion, sebol. i’m already buying china funds, but haven’t thought about sector ones.