Maybank paying 5.4% interest. Any trap?

myo539

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SINGAPORE: Malaysian bank Maybank 's Singapore unit said Tuesday that it's launching attractive rates for its Foreign Currency Time Deposits (FCTDs).

It's offering interest rates of up to 5.4 per cent per annum for the Australian dollar and up to 4.15 per cent per annum for the New Zealand dollar. Maybank will also offer US dollar and pound sterling denominated time deposits.

Maybank said it was launching the FCTDs as it has noticed a growing interest in such products.


Cheap MAYBANK home loan rates can be a trap!
http://www.sammyboy.com/showthread.php?t=73406

Any trap such as payable commission, hidden cost, etc?
 
SINGAPORE: Malaysian bank Maybank 's Singapore unit said Tuesday that it's launching attractive rates for its Foreign Currency Time Deposits (FCTDs).

It's offering interest rates of up to 5.4 per cent per annum for the Australian dollar and up to 4.15 per cent per annum for the New Zealand dollar. Maybank will also offer US dollar and pound sterling denominated time deposits.

Maybank said it was launching the FCTDs as it has noticed a growing interest in such products.


Cheap MAYBANK home loan rates can be a trap!
http://www.sammyboy.com/showthread.php?t=73406

Any trap such as payable commission, hidden cost, etc?

They are just betting the sin dollar will depreciate against these 2 currencies, that's all.
 
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