Oppss...thanks for highlighting.

2 u think this rate is gd for 15k unit trust & 15k FD @ 9.88%, almost double frm Alliance leh!

This post has been edited by GreenPower: Jan 28 2011, 01:14 AM

If i were you, i won't go into such investment. I will look for other alternative. But then, that's probably just me.

Ohh..y said so? Pls share your logic thoughts on that...

need to pay tax for interest generated from fd?

Why Hong Leong Bank FD rate is @ 2.65 and BLR is @ 2.75

Part of the reasons you want to put your money into FD instead of other investment vehicles is because you want to make sure you will not loss your principal money right ? If you invest in unit trust, there is a likely chance that you will loss some of your principal money when the market is bad. Not really recommend it especially during this volatile markets.


No. Even the interest earned from RM100 Million of FD is totally tax free.


Hong Leong Bank FD rate is ranging from 2.65% - 4.00%. BLR is 6.30% and not 2.75%.

No need to pay for tax la..

How Maybank count 1 month FD ?

FD rate is 2.75%pa

Let say I put RM8800 from 11 Jan to 11 Feb

So how much is my dividend?

Are you serious ? You mean you don't know how to calculate ?

8800*0.0275*31/365

I wonder,after maturity period,the money i put into FD accounts will automatically transfer back to my saving accounts ? or I need to go back bank for documenting ? or it depends on which bank ?

Depends on what your instruction is. You can choose for auto renewal upon maturity and it can either be the principal amount + interest earned or just the principal amount.

That's only RM20.
For 4D consolation prize, put RM1 can get more than that.

low amount for short tenure... wat u expect

not really true, for big amount like in millions, there are special daily rates too.

I concur. However, the difference is negligible Anyway, deposit hungry banks such as CIMB Bank probably can give you a better rate. But for deposit rich big banks such as Public Bank and HSBC, it is very hard to negotiate for a decent rate with them no matter how big your FD account is

This post has been edited by MilesAndMore: Feb 14 2011, 03:12 PM

yah true what you say on the interest rate, but I was kind of reffering to interest earn. Say got 10m & rate 2.5% = interest earned RM684.93 per day

but reading again

above true, my bad. Blur lah I, never read carefully

This post has been edited by Gen-X: Feb 14 2011, 03:28 PM

I saw CIMB Fixed Return Investment Account-i (FRIA-i) - Monthly Returns
has a 3.30 p/a interest rate for 15 months.

Assuming I only have 1k...
Is it safe to say that I will be earning a confirm of 1000*0.033*15/12?

Are there any hidden terms?
The interest rate is fixed and won't fluctuate right?

Also why if I invest for 18months the interest is less？ I thought normally longer tenure give you more interest?

1. yes
2. no - unless you withdraw before your term is up
3. yes - during the term, will change during renewal, if the rate changed
4. yes - current offer by CIMB for 3,10 and 15 months

Thx for your prompt reply.
1) As such, would you recommend me to take the one with monthly returns is better than maturity returns right?

2) Also, when they say maturity is 3 years, they have a compounded interest of 3 years, or they just pay the interest*3 when the maturity ends ?

I also saw the Ambank InterestPlus FD rate...
Their condition being minimum 1,000 (for tenure of more than 3 months) and have to buy Unit Trust.

3) Am I correct to say that I need a minimum of RM2,000 to join this plan?

4) Is this plan more worth it than the CIMB plan since it has a really high interest rate of 5.61% (1 year)?

5) How do I pick my Unit trust? (as in which figures should I look out for, and source where I can know why unit is better)