Sorry that my spreadsheet is still "muddy", hard to understand.

For the table I have posted, this example is for one tax claim only. Otherwise in the "FD with tax refund" column, the amount will increase by 3000*0.26 every year i.e. 780. In the table, it increases only by the annual FD interests.

Cheerio.

Lets says principle is RM10,000
3.26% p.a for 1 month ,    after  1 year you got 10,330.92
4.05% p.a for 12 months,  after  1 year you got 10,405.00

then,which one is better?

Hi,

I don't really get it, what is the benefit splitting it up?

For 12 month vs 1 month pros and cons I understand, but how do they link to splitting up to 4FD Receipts?

Off topic a bit.. 

An alternative to FD is going to list soon under the new ETBS (Exchange Traded Bond & Sukuk). Those under Miti can get Bumi allocation.

300 mil, 10 year DanaInfra Islamic Sukuk, guaranteed by Govt of Malaysia. Expected interest rate is 4.5% trade able in minimum amount of RM 1000.

Issuer  : DanaInfra Nasional Berhad
Guarantor  : GoM
Offer Size Up to RM300 million in nominal value
Use of Proceeds : To finance the capital expenditure and operating expenses in relation to the development of the MRT Project
Face Value RM100 per unit of DanaInfra Retail Sukuk
Maturity Date Tenth (10th) anniversary of the Issue Date
Profit Payment : Frequency Semi-annual
First coupon / profit date payment : 6 months from the Issue Date
Coupon / Profit Rate
Listing Bursa Malaysia under the ‘Loans and Bonds’ Board
Tax exemption under Section 127(3A) Income Tax Act 1967
This bond is a retail offering, means you can opt to sell at anytime without lockup period on bursa.  Capital repayment if held to maturity.

Previously bonds have to be bought in tranches of RM 250K and involve a lot of fees and is illiquid (difficult to sell), which makes it a poor alternative to FD.

It was eugenecctan who shared this promo to us here. Big thanks to him again. 
Mine calculated as 4.81%. Not bad.
Oh you are fast, I am a bit kiasu to wait for the bonus interest credited first before withdrawal. 

Only advantage of closing OCBC SS i can think of is that if you do any withdrawal for it to be considered as 'new fund'

Same dilemma i will face when my 3 months 4% expire this month.

Say i have 10k in FD and 4k in SS (2k deposited during FD promo and 1k each month to maintain 2.9%)

Come maturity, i will need to withdraw the amount out from OCBC to other bank and transfer back again to be considered as 'fresh fund'

Example

1/2: withdrawal of 16k out from FD and SS to Banker's draft, bank in immediately to another bank
5/2: receive fund in another bank
6/2: Go back to OCBC to deposit the same money for the new FD combo for 3 months.

However, i am not entitled for 2.9% in my SS for the 1st month as i have made withdrawal?

Nice catch there by OCBC.

But by closing the SS and reopening the SS within few days, your account start off new and your 1st month SS interest will be 2.9% as in the record no withdrawal is made?

bro ronnie pls let me know how you deal with it.

For those who do not wish to deposit 20k, Affin's non-promo rate for their CASA account is still quite attractive considering that they are paying 2.816% pa (Affin Gold-i) for minimum deposit of RM5000.01 which is almost the one month FD rate of some other banks.  Remember this is a CASA account which allows you to have a check book with no restrictions on withdrawals before maturity or what-have-you.

MACH

1. Online placement also entitled to promo rate
2. Partial withdrawals are allowed only for tenures of 6 months and above and placements of RM10,000 and above.
3. Partial withdrawals must be in multiples of RM 3,000.
4. For balances below RM4,000, only full withdrawals can be performed.
5. Partial withdrawal for fund less than 3 months old - 0% interest, 50% interest if more than 3 months.

If I have 100k, where should I put my money? FD or house loan. I not sure whether the calculation is right.

Assume if house loan 100k. 4.2% interest and 40 years tenure. Monthly repayment will be RM430.
RM430 x 12 x 40= RM206,400 (RM100,000 principle and RM106,400 interest)

OR

Assume 100k for maybank FD monthly renew. 3% interest and I put it for 40 years. 3% / 12 mths = 0.25%
RM100,000 x 0.25% x 12 mths x 40 years = RM120,000 interest plus RM100,000 principle = RM220,000
From my calculation, it seems like FD is better than house loan in terms of interest. Can someone correct my calculation?