Understanding fdmq for better savings
If you're trying to figure out exactly how your monthly interest is calculated, you've likely come across the term fdmq. It isn't exactly a household name, and you won't hear people chatting about it at a backyard BBQ, but it's a pretty big deal if you're looking to park your money in a fixed deposit. Essentially, it stands for the Fixed Deposit Monthly Quotient, and it's the little mathematical engine that determines how much cash actually ends up in your pocket every month. ...