Fixed Deposit

I am planning to put my money in the fixed deposit, BUT look at below calculation:

Now all the fixed deposit is set as 2.5 % per annum.

Let count if you deposit RM 5 k, after 12 month you will get RM 125. 1 month is 2 % per annum, 12 months you will get RM 100, 1 month you will get (RM 100/12) = RM 8.40.

WHAT CAN RM 8.40 do?

I think I buy BJTOTO better.

WHAT DO YOU THINK?????

http://www.bankinginfo.com.my/04_help_and_advice/0401_useful_tools/comparative_tables/comparative_table.php#

4 comments

RM8++ still can paid for....

McDonald's -mc value lunch! or....

Hawker's Foods .....or

newspaper- theedge weekly.....or

pay parking fee under MBPJ area for 16 hour.

etc la..

only can do this for 1 time.

If BJ Toto drop to RM4 then how?

kakaka

Anyway, I've posted the chart of BJ Toto this morning (EOD yesterday). Hope it will break up side for you.

Regards

TK you very jahat lah, if drop to 4, I lau sai only meh, he he he

Better than I put fix deposit

Isley Chang - thanks for ur suggestion but I normarlly eat vegetarian RM 2. Can eat 4 times leh he he he

in 10 years time the value of rm8 may becomes rm0.80 with the same interest rates. Can the economy recover within that time? Even during oil price drop the consumers prices seems not dropping, right? Foods becomes expensive as well, i think. BJTOTO also not tally my luck...maybe wait till mouth no teeths then baru kena 6/99 hehe.....