Hi Ronnie,

Thanks for your formula. I just made a quick table with your formula and if you don't mind, can you help me verify ? (I'm sure this is already on top of your head hehe)

I just took an example of RM5,000. I'm deciding on weather to put on 1 month basis or 12 month basis. For example PBB now gives 3% for 1 month and 3.15% for 12 months. I do not plan to touch this money till 12 months later so If I put on a 1 month basis, I will let it roll.

So with your formula, I came up to a total of $5,149.97 after 12 months on a 1 month basis (3%). Compared to $5,157.50 after 12 months on a 12 month basis (3.15%).

Please tell me there is an error with my calculation. If not, just a mere "increase" of $7.53 ???

That being said, if I really had some kind of emergency right on the 364th day, if I go for the 12 month I will end up with only RM 5,000 - probably RM 20 for penalty right?? If I were to go for 1 month basis, I should still end up with $5,137.30 - 20 because I'd have roll over 11 months of interest?

Is my calculations correct ?

Hi thanks for your reply Well based on the table I came up with, even with 50k, the difference is also only $75.32 (just times 10? lol?). My table correct onot lol ... so I mean risking not touching money for 12 months just to get 75bucks ? Abit the what right ... eat less 1 nice dinner oredi got more than 75bucks oredi ...

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 ?