i dont think so, even if you opt not to collect interest 6 monthly.
you cant 'top up' your fd before maturity (with its interests).
it goes to maturity on that fixed amount.

You will receive interest every 6 months, no compound interest.

For your interest:
(1) You can go to MBSB to collect a banker's check (from Maybank)
(2) Deposit to your bank saving account directly by MBSB
(3) Deposit to MBSB saving account.

Yes, I have attended few FREE seminars arranged by them. Some are whole day events. They have more seminars held in KL than in Penang.

But, putting money in FD is still my main preference.

This post has been edited by bbgoat: Jul 20 2014, 08:00 AM

MBSB's Kids Fixed Deposit
2 June 2014 until 2 December 2014 (6 months)

Tenure	Promotional Rate
6 months	3.38% p.a.
9 months	3.68% p.a.
12 months	3.98% p.a.
24 months	4.18% p.a.
36 months	4.28% p.a.

Min RM1,000 placement, age 17 and below (minor), mandatory to open Cheeky Savings Account for the interest payment purposes, interest monthly credited, no auto-renewal/rollover, upon maturity the principal and interest payment will be transferred directly to Cheeky account.

Source: MBSB | T&Cs

This post has been edited by cybpsych: Jul 20 2014, 07:57 PM

so for cimb / rhb / mbsb if merge what happen to existing fd holders?

A few more letdowns of the MBSB's Kids Fixed Deposit:
1. Partial upliftment before maturity is not allowed
2. Upliftment of the Kids FD can only be made at Kids Fun Branch only
3. Auto-renewal is not allowed

**PS: Sometimes people are upset for no good reason & suddenly become aggressive and easily agitated. Let's spread goodwill and peace for this coming Hari Raya (shows the peace hand-sign)

huh? tis 2nd time u posting like tis. got into argument with someone in tis Thread?

This post has been edited by davinz18: Jul 20 2014, 11:31 PM

(~but not me who agitated him.Haha)

Peace to u too..

ho ho ho, one hand cannot clap.reducee sarcastic,cynnical remarks.ho ho,someone trying to showoff language skill.some people need anger management.both agitated and one more aggressive than the other with sharper knife/sword.some sound like old lady.someone trying to ignite fire again?crook always point finger at the other person.claim he is ok,did not start anything.

opinion are ok in forum but don't go personal.

ho ho ho, peace in the world.

more FD promo please.............

This post has been edited by sandkoh: Jul 21 2014, 08:40 AM

supposedly 2 more Kids Fun Branches to be opened in Penang and JB. donno timeframe yet.

Biz as usual
Upon maturity, u decide whether to renew or withdraw

ho ho ho, orang itu susah & sengit.want to start another war.

This post has been edited by sandkoh: Jul 21 2014, 10:32 AM

Hi taikos,

I would like to know how do we calculate the effective rate for the RHB 15 month promo? Sorry I'm confused with 15m. Please guide me. Thanks.

means if i have 60 months 4.7% with MBSB - it remain not PIDM-protected?

This post has been edited by bearbear: Jul 21 2014, 11:00 AM

Say you invest 180k, for 5 quarters, you get following interest:

1,566 1,656 1,746 1,836 2,421
3.48% 3.68% 3.88% 4.08% 5.38%

Total 9,225 for 15 months right?

So, 9,225/15*12/180000 = 4.1%

No answer
It depends on who will takeover/assume d FD post acquisition

It would be interesting to see how they manage the old FD placed in the acquired banks.

On another note, one hand cannot clap as someone mentioned. P E A C E

first 3 months you need to park 5% of your FD amount in CASA, so you get lesser.

Refer to my calculation