Maybank's eFD has no cert.... or receipt unless you print out the transaction when you create the eFD.

Hi everyone. I have a question here (dont know whether it was asked by anyone b4).

I want to know, if today I deposited RM15,000 as FD @3.3% p.a (due to promotion); then the second month I decided to "add" another RM10,000.. then is the additional RM10,000 be separated to another account at 3% (normal non-promotion rate); or added into ori fd and become RM25,000?

it will be a separate account.

helllo everybody

i got some cash sitting not doing anything....90k

shall i put in fd or just dump to house loan(4% interest)

is it just me, cause i have been doing e-fd for years and cimb never sends anything to me by mail....just the monthly statement.

but i guess the monthly statement is good enough, as it lists all your fds as well.

You have been asking this question for sometime now in many threads, if you really don't know what to do, just put into 1 month FD and earn some interest lah while you decide what to do with your money. And I see the amount have been reduced from 100K to 90K. Better go put in FD fast fast before it reduce to 80K

Having said the above, have you been checking around with banks what interest rate they are offering because you can find banks offering up to 4% for FD. Go do some work to make your money work for you. My opinion is put in FD and when the opportunity comes, go buy MBB shares.

4% FD? which bank?

cimb offering 3.8% pa but 5 yrs fd

yes 10k spend already
massage & spa

I get consolidated account statement from CIMB every month showing all my FD in a nice little list. Still, statement have to print yourself.

This post has been edited by gark: Dec 8 2010, 11:48 PM

Hi wondering if any bankers know............if i have a FD at auto renewal...and

I don't update it or check it for a long time.

BUT..........I have a savings account wif ATM with the bank and I keep using that.

Since I am still attached to the bank but never update the FD will they send the FD to "consolidation fund" if after 5 yrs.

It is per account basis one, saving account active doesn't mean anything to the FD account.

It will automatically renew each time it matures as per your instruction for a period of 7 years. After that you will need to give them a new instruction. This is how it works with HSBC. I'd assume it's the same with all other banks too.

So.......if eFD via ATM will the monies go back to savings automatically after 7 yrs?

No, unless being instructed in the first place.

If not mistaken, 7 years is the time, that being classified as unclaimed money category, aka the money will be sent to BNM in the unclaimed money pool.
You still can claim back, just paper work is needed.

There is a RM50 administration fee, by the way.

i have 5% intrest~hehehe
hong leong bank
due to i m still a child~XD

Hello dude, if you are not planning to do anything with the money or at least have some discipline not spend it away, you can put it in unit trust. Unit trust return is much hogher than FD for sure. Well, off course if you can take higher risk invest in stocks.

cimb e-fd same rate as on counter?

Yes