It's an e-FD. There's no physical cert unless you printed the notification.

The downward revision of FD rate corresponds to the reduction of the BLR.

Once the FD renewed, it'll be based on the new rate no matter what's the old rate previously

For CIMB, it should be displayed under Account Summary.

Who are we?

Improve your Fixed Deposit returns with Fixed Deposit Bonus 1!

URL: http://www.maybank2u.com.my/mbb_info/m2u/p...d=/mbb/Personal

It's not my fault. M2U is updating the wesbite. Here's the new link I guess:

http://www.maybank2u.com.my/mbb_info/m2u/p...d=/mbb/Personal

Another promo from MBB called "eFD Double Deal".

Get RM50 cashback now, when you place a minimum of RM50,000 in eFixed Deposit with a minimum tenure of 5 months!

Details: http://www.maybank2u.com.my/mbb_info/m2u/p.../PRO-Promotions

Anybody awares on the on-going campaign from EON:

http://www.eonbank.com.my/consumer/deposit...mad_grab2.shtml

I still remember the FD rates before the 1997 Asian economic crisis.

That time the FD rates are so lucrative. IIRC, it was 7 to 8%.

OPR raised to 2.75%:

URL: http://biz.thestar.com.my/news/story.asp?f...96&sec=business

Cannot. Sorry to disappoint you.

Multi-Rate FD Campaign

Now you can enjoy multiple rates in a single FD tenure when you make a Fixed Deposit placement under Multi-Rate FD under Conventional scheme.

The Campaign is to reward our existing and new customers with higher interest rates in line with our 50th Anniversary celebrations.

Eligibility
Individuals/ Joint account depositors under Conventional Schemes.

Campaign Period
15 July 2010 until 14 August 2010

Minimum Placement
RM10, 000 for individual in a single certificate.

Rates Applicable
The special rates are as follows:

Tenures |Tiered |Promotional Rates
4 months |First 1 month |3.28% p.a.
Next 3 months |2.78% p.a.
6 months First 1 month |3.38% p.a.
Next 2 months |2.98% p.a.
Next 3 months |2.88% p.a.
* The rates are automatically given by system when meeting eligible criteria

Mode of Placement
Over the counter only.

URL: http://www.maybank2u.com.my/mbb_info/m2u/p.../PRO-Promotions

[quote=nomen,Jul 24 2010, 03:33 PM]
[quote=David83,Jul 22 2010, 06:00 PM]
Multi-Rate FD Campaign

Now you can enjoy multiple rates in a single FD tenure when you make a Fixed Deposit placement under Multi-Rate FD under Conventional scheme.

The Campaign is to reward our existing and new customers with higher interest rates in line with our 50th Anniversary celebrations.

Eligibility
Individuals/ Joint account depositors under Conventional Schemes.

Campaign Period
15 July 2010 until 14 August 2010

Minimum Placement
RM10, 000 for individual in a single certificate.

Rates Applicable
The special rates are as follows:

Tenures |Tiered |Promotional Rates
4 months |First 1 month |3.28% p.a.
Next 3 months |2.78% p.a.
6 months First 1 month |3.38% p.a.
Next 2 months |2.98% p.a.
Next 3 months |2.88% p.a.
* The rates are automatically given by system when meeting eligible criteria

Mode of Placement
Over the counter only.

Will someone please enlighten me about the above clause "Over the counter only"
Thank you in anticipation.

[/quote]
Meaning it's not applicable for eFD (FD placement via M2U) and in order to get this promotional multi-tiered rate, you need to create a FD at the branch (over-the-counter).

I agreed with cherroy. There's nothing fancy with FD.

If you're aiming for higher return, you may want to venture to other investment instrument like bonds.

Yes it is. A marketing tactic to draw more depositors.

That's why they came out with "attractive" rates and schemes to "deceive" the general noob depositors.

What does NID stand for?

The advertised rate is per annum basis. Your calculation is correct provided if you don't touch it for a year.

After maturity, you can choose to stay through auto renewal or withdraw it partially/fully.

That is placing FCFD in AUD right?