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Old 03-08-2020, 11:07 AM   #97
Senior Member
Join Date: Aug 2012
Posts: 959
Shouldn't EIR be the same? It's just a simple FD at 1.1% for 11 months.
Correct computation. Interest rate is always stated as per year. Pity that the max amount is $49,999. Work around is to establish additional FD with joint account holder.
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