Hey guys I need your feedback on this. I had 50k to begin with last year and I put all in maybank fd. Company gave me shares that I purchased at 36k which I took out from my Fd. Left 15k which I renewed on monthly. Took out my shares of 36k from my company last week and now I need to invest again in Fd but I went back to maybank and they advised that I open an e Fd for my 30k and keep the 15k with them.

My dilemma is that wouldn't combining 45k into one account get a better return instead of saperating them in to two different accounts? Please advise and which bank do I go next?

Thanks mate. I will keep the 15k for the cert. Next question. Where do I invest the 30k? Any advise?

Thanks. Ill look into affin. What's the catch?

btw i looked into this.

http://www.imoney.my/fixed-deposit

Affin does not meet investment criteria

and

Affin did not even state their interest rates for their FD. I never handled Affin before. Feels like a bank that is subpar service. but thats just me

This post has been edited by Avangelice: May 9 2014, 03:35 PM

As of now this is Affin's bank rate.

1 month 3.05
3.05

2 month 3.05
3.05

3 month 3.10
3.10

4 month 3.10
3.10

5 month 3.10
3.10

6 month 3.25
3.25

7 month 3.25
3.25

8 month 3.25
3.25

9 month 3.35
3.35

10 month 3.35
3.35

11 month 3.35
3.35

12 month 3.60
3.60

i dont know. Its seems to good to be true to be 3.6 when the others are 3.2

Nah I rather stick to something that has a stable terms investment.

Anyways, I calculated 3.2 against 3.6. It isnt much 30960 against 31080 plus Kuching has only ONE BANK from Affin. I think I will open a Maybank E-FD account for convenience sake.

I am an IQ member for ocbc. Thanks for reminding me.

Dude

iQ Exclusive Promotion:
3.20% p.a. for 3-month Fixed Deposit (current *board rate is 2.85% p.a.)
3.40% p.a. for 12-month Fixed Deposit (current *board rate is 3.05% p.a.)

and this is OCBC latest system of placing fresh funds to enjoy rates up to 4.0%

Look in here

http://www.ocbc.com.my/assets/pdf/Accounts...ter_General.pdf

This post has been edited by Avangelice: May 9 2014, 04:41 PM

but you need to put in fresh funds as stated in the info. which is 10k

This post has been edited by Avangelice: May 9 2014, 05:30 PM

i am still reading through the clauses. Need to make sure this is legit.

So my dilemma now is to invest my 30K in the Combat inflation deal vs IQ member FD. I have one months or two to think about it.

5k give to my dad to buy my sister's car. Anyways, Updates I put 30k in OCBC combat inflation for 4%

IQ members are only for staffs that worked with corporate companies that open pay accounts with ocbc.

PErks you enjoy are lower loan rates for housing/hire and purchase and better and faster service.

what is the max ammount? and can you put money in epf? i didnt know that

thanks mate. another question. IS the return for EPF better vs fix deposit?

something learnt today. thank you