Maybank 2 months onwards only need 1k, 2 mths 3% and 3 months 3.05%

Do you all advice to put for 2 months or 3 months?

I plan to put 1k for every month, so that every month one FD mature, and I can still take it out if I need them. Advice?

eFD is it, very convenient.
It would be better to grow your money at a faster rate. Go for Bank Rakyat 3mths 3.65%..

5k MBB eFD a month @ 3% rate better.

This post has been edited by z21j: Jun 26 2012, 05:08 PM

Ya. I know best is 5k per month. But don't have that earning power yet. That's why I ask 2 months and above.

eFD? Can transfer your money to FD using M2U?

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Added on June 26, 2012, 6:07 pmWhat is eFD? Can transfer money to FD using m2u?

Bank rakyat? Don't have account there.

This post has been edited by dewVP: Jun 26 2012, 06:07 PM

eFD - can open FD direct from M2U.

Dont need CASA to open FD with Bank Rakyat.

i tried. but they said i dont have a FD account. need go branch open only can manage online, no?

Yes , can deposit and uplift go direct back to savings account. Thats what i did for my funds below 30k, break it into 5k each(min i think), if needed instantly uplift. Do not need account with Bank Rakyat, if you want higher rate without complicated terms, then I say go for it. Your choice of course.

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Added on June 26, 2012, 8:53 pmIf not mistaken need to have fd account once then only can, sorry forgotten as i used to have quite a number of FD accounts with Maybank. Oops 1k can but min 2mths.

This post has been edited by magika: Jun 26 2012, 09:08 PM

thanks for your detail and kind help....I am staying in Penang and hence wont be able to enjoy these benefits. Nevertheless, other people can make use the info. provided here.

Erm I mean who doesn't like extra money right ? RM 1 also is extra BUT .. question is worth the "risk" or not ... If i really had to withdraw the money on the 364th day or something .. I still end up with only RM 50K right ? Not even 1 cent gained ?

Btw besides Maybank, what other bank got e-FD ?

You are welcome. It is the whole purpose of this forum. Info sharing. Knowledge is power.
I gained from reading here, and I hope my experience/sharing benefits others too.

AmBank also got. EON Bank also got...until the damn HLB took over.

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Added on June 27, 2012, 8:17 ameFD and FD are not related. eFDs can only be placed and managed online.

This post has been edited by Pink Spider: Jun 27 2012, 08:17 AM

CIMB too

For MBB, eFD need to use old FD account number added with i , if not mistaken, thats why without previous FD account number has to go to bank to open.

Oops, sorry no i..

This post has been edited by magika: Jun 27 2012, 03:05 PM

i dun think so...my ex did not hv FD with MBB b4, and she can just place eFD over M2U

Quote from M2U

5. When is the effective date of my eFD?
If you already have a Fixed Deposit account with us, the new placement under eFD will be effective immediately. If you do not have a Fixed Deposit Account, the placement will be effective when your banking account is debited and the eFD is created by our branch (on the next working day upon making a placement request via Maybank2u.com).

So maybe without previous FD account, eFD effective only next working day..

Not very sure as I have a few previous FD account with Maybank.

same here, i only have a saving account in MBB.
can create eFD from M2U at home

That means is confirmed do not need previous FD acount, but effective date whe, is it same date of placement?

If this is your first-time opening Maybanka eFD account, the effective date is the NEXT WORKING DAY.
Subsequent eFD will be on the same day you open the eFD account as it will share the same eFD account number, but with different cert number

Its not the first time, already have previous FD account, eFD also done last month I think..

yup, i just created a eFD with small amount for 2 months.
it says maturity date is 27 Aug

like ronnie says, first time apply might only effective on next working day.

This post has been edited by ktek: Jun 27 2012, 03:34 PM