Deposit

Fixed Deposit???

What does 17% and 18.25 aer mean...........I know what the 17 % is but what is the 18.25 aer mean how much will i get if i deposit 80000 for 3 months and are there any extra costs in fixed deposits? plz help

Public Comments

1. Who's paying 17% for 3 months fixed? I would like to know that first. Please let me know via email. The 17% is the percentage they will apply to compound the interest. Depending on how many times its compounded in a year the higher number is the yield you'll receive in a year. If its only compounded 1x annually then your percentage and yield will be the same, if it's done semiannually then your interest is compounded on your money in six months and again at the end of the year, this time they'll include the interest you earned 6 months ago in your principal. That way you'll earn slightly more. So you may get 17.25% yield on your original money. Its probably continious compounding if its yielding 18.25