I actually dont understand how to differentiate the interest earning between savings & FD...

For example, if i save 5000 in FB with 3%pa and the withdrawal/maturity date are actually 1 month (rm5000 min 1 month) so how much i can get after 1 month?
Compared to savings lets say 5000 with 2%pa how much i can get after 1 month?

My confusion is, isnt "pa" means "1 year" ???

affin offer better interest but u need to have a lot of money inside

http://www.affinbank.com.my/rates/ratesislamic.htm

No it isn't the best.

The best deposit rate in Malaysia with unlimited free withdrawals/deposit and interest calculated daily is EON bank Hi-Flexi. If your balance exceed RM50k at any day, you will get similar to 3 month FD rate which is 2.90% currently. 

For those who don't have RM50K, go for the second best with CIMB Money Multiplier Account at 2.50% for deposit balance above RM10k.
3 FREE withdrawals a month (subsequent withdrawals would be charged RM5).
No monthly maintenance fee.
These types of deposit account are most suitable for business people, market punters, IPO players, property flippers etc etc or in short for people who always mobilize their funds whenever there is an ad hoc money making opportunity.
Tell me which bank offers better than EON bank with features like saving accounts and I shall give you a small reward.

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Added on June 23, 2011, 3:17 pmBy the way, don't be fooled by Affin's rates. is a tiered rates. I just confirmed with puchong branch yesterday. unless you open plus2 account but I have not reach 50 years old yet.

Good plan. Keep it up young man.   
I think I should rank M2U Savers as third best. 
I'm a Hi-Flexi account holder since it launched some time in the early years of millennium therefore I'm pretty sure the interest is calculated base on the entire balance. I love to park my working capital in this account to earn FD interest rate while waiting for any ad hoc investment opportunity that comes along.

Hi flexi is a savings ac, no checking. You can open a current account and apply Internet banking to link your savings ac and the current ac for free n unlimited fund transfer to n fro.

Why the shock ? All Internet banking accounts allows unlimited amount fund transfers within your own accounts and this is pretty standard feature wat ?
As for merger with HLB, no one knows what future will be, so I opted to enjoy the benefits first.

Let me tell you, CIMB air asia savers account is much more better than all of you said.
minimum req to open bank account wil be rm 50.
There will be *High interest rate of 1.60%, up to 2.80% p.a. (inclusive of the RM5 cash rebate if average balances of at least RM5,000 with no over-the-counter transaction in any day of the month).*

and for those always book air tic, this is the privilage to bid the tic and get the cheaper rate.
for more information, please refer to http://www.cimbbank.com.my/index.php?ch=cb...2&tpt=cimb_bank

and if you have 10k or more, better you keep as FD, the interest rate at least have 3.2% and above.

what is efd?

You do it the same way as you put efd