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Old 29-02-2016, 10:51 PM   #50
Squaredot
Master Member
 
Join Date: Feb 2009
Posts: 3,505
Can I do this way ?
1. Open max gain account and deposit $10k.
2. Leave $10k for 12 months.
3. At end of 12 mths I will get interest of 0.8 of SIBOR plus 1.2% ?
4. At 13 mth I will deposit $140k and total $150k will earn more than 2% interest perpetually ?
Good plan. But point 4, your interest will be 1.2% if 1mth SIBOR=0
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