Thanks guys. I found the option in MB2U and I read the info at the site but it does not mention the charges for 3rd party transfer to another bank by using this a/c. Is it same as normal MB2U 3rd party transfer which is RM2 per transaction?

It seems M2U Savers-i is slightly better compared to M2U Savers as there's also interest for balance below RM2k.

Yes, M2U Savers-i is BETTER than M2U Savers (as balance between RM250 to RM2k gets 0.4% p.a. interest, creditted monthly)

HSBC Bank added that domestic demand has been robust, but has stayed low due to price controls and subsidies. “Upward normalisation of interest rates will still be necessary later this year, due to rising credit growth and household debt,” it said.

Meanwhile, the Consumer Price Index is expected to average between 2.7 percent and 2.9 percent this year, said OCBC Bank’s Gundy Cahyadi.

Thus, the central bank is expected to maintain the overnight policy rate at three percent as the existing inflation trajectory is still within it comfort zone.

“It has seemed to be more tolerant of the ringgit's strength since the second half of last year. To a certain extent, this could be their preferred method to dampen any inflationary concerns for now,” added Cahyadi.

Summing it up, there is theoretically less urgency for the central bank to change the official interest rate at present.

I've opened my M2U Savers-i

me too

Hi guys, other than BR, which banks have the highest rate for 12 months FD ? I mean no frills FD i.e. plain FD.

Thanks !

You can find your answer on page 1

it is unworthy to saving on FD?

Since the first page is still outdated and recently never keep watched on latest good deal, so i presume still OCBC smart saver 2.9% + 3mth 4.5% FD the best deal for now ?

Guys, let's say I place a FD for 1 month tenure, starting from 13/05/13 to 13/06/13.

In terms of calculating the interest, do I count it as 30 days or 31 days?

And the interest starts from 13/05/13 or 14/05/13?

Count in term of EXACT DAYS.

Start from the day u place.

What is considered as "exact days"?

If the interest starts from the day I place, then do I get interest on 13/06/13?

Based on my calculation, yes

So, 13/05/13 to 13/06/13 = 32 days.

Principal x 32 x IR /365, am I correct?

1st page info is last updated on 3/3, kind of outdated.

Anyone knows of UOB, AmBank and HL current 12 month FD rate ? I mean the normal FD rate.

Thanks !

No no no, 31 days. Sorry

e.g. 13/05/13 to 14/05/13 is considered 1 day

Can't u go check at their website?

Not all banks show the promotional rate in their website. I thought u should know that too !

This post has been edited by bbgoat: May 13 2013, 11:45 AM

u said "NORMAL FD rate"

In that case, my interest starts on 13/05/13 & ends on 12/06/13?

So, I don't receive any interest on 13/06/13?