i place this tru cimbclicks. its eFD. Its 1st time i place in cimb. And 3 percent is WoW.

Yalor, 3% is so high, I did have a placement of eFD, but never given me tat rates like urs..
perhaps ur sum amount is HUGE!!

May be something was wrong with the CIMBclicks system on the day he opened the eFD.

In Malaysia, the bigger your total FD placement with a financial institution, the smaller return will be given. So the bottom line is, it has nothing to do whether he got a big eFD or not. Most likely to be a system glitch.

i believe with 'mileandmore'..coz i also consult with bank..it is divide by 12mth for the interest..

Based on the screenshot posted and all the information available there, the amount invested is most likely to be RM10,000 for 1-month only.

A reply from AMBank KL HQ stated otherwise. See below :

Both CIMB Bank and Alliance Bank have also revised their 12-month FD rate from 2.60% to 2.75%.

CIMB Bank



Alliance Bank

is there quite a certain period ald they offer 2.6% PA FD??..coz i been notice the rate for the whole month

wahh FD rates are so low these days?

During the initial interest rate revision (around 9 - 12 March 2010), several banks offered only 2.60% interest for 12-month FD. Public Bank, CIMB Bank and Alliance Bank are among the banks to offer only 2.60% while there are several other banks that offer 2.75%. Public Bank, CIMB Bank and Alliance Bank have since revised the 12-month rate to 2.75% last week so to not loss their business to other banks offering higher FD rate. Several other banks still offer only 2.60% such as RHB Bank, HSBC, Citibank, Standard Chartered, OCBC and UOB.


It was even lower several weeks ago. Anyway, it will continue to rise in the next few months.

Although it is a good news having a higher interest FD, it somehow make my life more difficult. Now I need to toil to raise the ROI of my other investments in tandem with the FD increment. More work to do...sigh..

Hope BNM raise more interest rate soon, to get rid of all the riff raff in the property market. Anyway I don't think FD's interest is hard to beat at all, almost all investment trumps it.

This post has been edited by gark: Mar 29 2010, 08:52 PM

Lol, that's only true when you make money. However, we all know not every investment will register profit. Worst still for investment newbie like me going for aggressive investment with higher risks.

If we just rely on FD's interest rate to be the majority of our investment, we will lose the same amount to inflation. I am aiming a minimum of at least 5%-7% per year just to break even with no gains after inflation. Investment is less about skill and more about reading, quantifying and make summary judgement, and more reading.

This post has been edited by gark: Mar 30 2010, 12:19 PM

you can easily get 5% through asm or possibly as1m.

and in order to survive (beat inflation), you will need to target >10% per year

Anybody awares on the on-going campaign from EON:

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

HSBC bukit tinggi offer 5%FD rate for only 3 months now
max 50K per account

any more info ur tis??..

yes a link or some pdf would be nice
how is it that only bukit tinggi has it?
do you have to be a HSBC premier account holder?
50K cap for HSBC premier is very low as their other accounts are already getting similiar interests, if not better.

Similar interests from other accounts ? Such as ? I am not aware of that. Indeed, 50k for Premier clients is peanut.