shouldnt it be minus baseline , for the whole period.

This post has been edited by magika: May 4 2012, 02:00 PM

Dont u still need to withdraw e.g RM10 for the month?

Dont worry that is the norm for Bank Rakyat. For Mubeen deposit the interest amount is printed inclusive on FD cert when u collect.

there is no charges, but why put in Maybank with such low interest ? I still have a numbers of FD with Maybank but gradually phasing them out upon maturity.

Additional info for GIA-I FDS _(Maybank)

The revised/additional term is:

"All parties agree that the indicative dividend rate disclosed by the Bank from time to time to the Customer is the return expected by the Customer under the Mudharabah venture ("Expected Return"). Any profit derived from the Mudharabah venture shall be distributed to the Customer based on the Profit Sharing Ratio. Notwithstanding the foregoing or anything herein contained, the Customer hereby agrees that any excess over the Expected Return shall be waived by the Customer and be retained by the Bank as an incentive fee. Hibah may be granted by the Bank at its absolute discretion to the Customer in the event there is any shortfall between the Expected Return and the actual profit generated from the Mudharabah venture."

Conclusion:-

Will not received anything more than Indicative Rates(Expected Returns)
Will not (may not) received anything less - Hibah

everyone ?? 30k max

Just to update Maybank Efd is very convenient in depositing & upliftment. Instant online opening & upliftment. However due to its low interest only did it it for 1 mth eFd.

In 36mths x max 1k= 36k
In 36mths x min 500= 18k

Can just get married , nothing flashy will be enough.
Everymth contribute ,only thing can think of is UT or some investment linked plan but overall nothing spectacular, maybe can gamble at genting.

If in your shoes, wont think of buying house until financially stable as it is a liability (financial independence strategy).

Anyway ur in wrong thread,can refer to Personal financial planning n fund investment thread.

Just called Alliance Bank, no such promotion.

With so much liquidity around, lucky if can maintained same rate. People no choice mah.

Actually they try to convince to buy bond/stuctured investment 50% can go for fd at 4% pa.

They have a saving or so with the incremental clause 5% to 10% pa, not going to figure it out.

You will received exactl RM200.50. qiradh or no Qiradh BR says have been paying consisten past few years at fixed rate. Dont spam me as converstion with counter clerk this morning.

Min RM500.00 - min 3 mths
Min RM5000.00 - 1 mth
For Mubeen & Qiradh

Warga emas lower not sure.

Just for info.

Generally, I deposit into FDS using Bank Draft or Cheques. However, I encounter a stupid mistakes today which I would like to share.

The recent delay in Sukuk refunds(MBB) coupled with my stupidity nearly caused my cheque to bounce. In preparation for funds (sukuk) to be available in my account, I wrote a cheque ready to be deposited in FD. Once saw the fund available(after delay), immediately deposit check into FD on 15/5/12. It wasnt until I received a call from the bank, did I realised that the fund is in my savings account and I did not transfer to cheque account.

Not only that, they transfer for me. MBB +1

They transferred for me after I requested them to it (during phone call).

Online confirmed to 3rd part acc - RM5k

Giro OCBC RM0.50 only if I remember correctly...

This post has been edited by magika: May 16 2012, 11:15 AM

1. Ratio of deposit to investment must be 30:70 with injection of fresh funds.
2. Ratio of CASA to FD must be 60:40, with injection of fresh funds.