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Maybank paying 5.4% interest. Any trap?

myo539

Alfrescian
Loyal
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?
 

Papsmearer

Alfrescian (InfP) - Comp
Generous Asset
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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