That's why if I take 1 month, I have the flexibility

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Earn additional 1.10% p.a. interest/dividend in your deposit account AND also a chance to win Monthly Cash Bonus of RM500 and the Grand Finale Cash Bonanza up to RM50,000.

Additional 1.10% p.a. interest/dividend
Enjoy additional returns on your savings, calculated on incremental average daily balance when you open/top up into your current/savings account.

• Premier Mudharabah Account-i
Additional Return 1.10% p.a. 1.10% p.a.
Highest Effective Return 3.10% p.a. * 3.85% p.a. **

** Based on Premier Mudharabah Account-i eligibility to enjoy 1-month General Investment Account-i indicative rate plus the additional return of 1.10% p.a.

***********
Anyone know about this product? Is the effective rate still apply cos the current published indicative rate is only 1.45% and not 2.75% as in July2013?
Am thinking of putting money in this from 1-nov-2013 to 31-dec-2013 if the effective rate is still 3.85%.

This post has been edited by MGM: Oct 29 2013, 12:01 PM

Stagnant money has no value. 1 month FD is good if you are doing business, you can move the money any time you want.

may lose out the interest?
for that, i think try Cash Management funds is better

Anything to share for Cash Management fund?

try this...this is just one of them...
http://www.fundsupermart.com.my/main/faq/faq.svdo?id=9718

For deposit up to rm50k:

MBB Premier Mudharabah Account-i - Minor / Trust effective rate is 4.1% for the period of 1Nov to 31Dec2013 (3%+1.1%). But need to verify the T&C.

Can do it via M2U?

With M2U, you can place as many eFDs as you want. Don't have to wait for 1st placement to mature. Just go ahead and place the 2nd placement anytime. It'll be 2 different placements.

my fren said that for Bank Rakyat, if you place for 3 mths @3.65% but if you withdraw after one mth, they will pay 1 mth rate, no other penalty. Is that true?

my fren explain to me like dis >>

for every 2rm in fd (4.2%), u need 1rm in sa (2.85%)

so the ave rate for all your 3rm is (4.2%+4.2%+2.85%)/3 = 3.75%

but you need to put in 1000rm on 1st of each month into sa for 2.85% and this waters down the 3.75% max rate assuming no nid mthly deposit

so depending on how much your initial 3rm is - 10K or 30K or 300K or 1mil, the effective rate can be very different. if 1mil, then effective rate is water down very little/negligible ie just short of 3.75%

if only 10k , the monthly 1K deposit ie 3k total earning 2.85% will water down the 3.75% substantially

hth

ooops delete dbl post. sorry

This post has been edited by okuribito: Oct 29 2013, 06:28 PM

Different bank have different rules..following is my experience..

UOB - 50% of the interest will be given provided the FD is kept for at least 3 months. This is what I was told today by the manager.
Public bank - premature withdrew my froreign currency FD after 3 weeks and interret was given. Not full interest but cant remember the exact rate.
Ocbc - 100% interest provided the withdrawal was used to 'purchased' another Ocbc product. Example premature withdrawal and take up foreign currency account.

If you have a child, two-month temporary funds of <rm50000 and need to withdraw funds when required(allowed once a month) then this account would give a Max returns of 3%+1.1%. Better than FD as returns are paid in full counted daily.

This post has been edited by MGM: Oct 30 2013, 10:51 AM

I think so, application online thru M2U.

Hong Leong Step Up 21 Oct - Jan 31

12 months. Up to 3.8% p.a. with 5% earmarked in CASA for 3 months.

Effective FD-only rate : 3.43%
Did not include CASA in the calculation.

There is also a 3.5% AmBank for 6 months. Unsure when it ends.

This post has been edited by beLIEve: Oct 30 2013, 12:00 PM

Hi guys, i am newbie here, read through 15 pages of this thread but stil blur. Ive 10k in my savings account. i thought of puttin it in a fd account and meanwhile learn bout investment. May i know which fd offer the best rate? i intend to put 2k to the fd every month. maturity prolly bout 6months/1year , as i dont know when i will need the money

Any helps/tips is highly appreciated.
Thank you.

Read 1st page

3 months - OCBC linked with saving account (Up to 3.75% PA)
5 months - Stan Chart 3.5% PA
12 months - Affin / UOB 3.6% PA

ooops sorrry. coz i read from the last page . thanks !

UOB existing fund got promo 3 month - 3.35%. For pure FD and the end date is 31.10.2013