Saving in fixed deposits is so safe that it’s risky!
http://www.thestar.com.my/Business/Busines...that-its-risky/

That is because most people focus on increasing their savings and have overlooked their “real returns”. The real return is derived by adjusting gross return with inflation rate, i.e. how fast prices of goods and services rise.

Hence, real returns determine if your purchasing power is increasing or decreasing.

MBSB sets sights on full-fledged bank in 2 years
http://www.thestar.com.my/Business/Busines...ank-in-2-years/

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) hopes to become a full-fledged bank in the next two years regardless whether it undertakes a merger and acquisition (M&A) route or as a stand-alone entity. 

Its chief financial officer Tang Yow Sai said on Tuesday MBSM has completed 80% of the compliance and criteria needed to become a full-fledged bank.

"We expect to meet another 20% of the compliance and criteria requirements over the next two years," he said after the AGM.

MBSB president and CEO Datuk Ahmad Zaini Othman said the MBSB was capable of being a stand-alone bank without any M&A, if the shareholders are willing to put in capital and grow the company.

He added MBSB could be a stand-alone full-fledged bank as it was already quite "clean and lean".

Zaini acknowledged there could be some challenges in this regard, noting that one form of the other, a banking licence is needed if was to operate as a bank.

In conjunction with Mother's Day, AmBank had launched a Mother's Day Special FD campaign from 9th to 23rd May 2014.

The campaign is open to all new and existing individual customers of AmBank who open and/or maintain Everyday Saving Account or Family First Everyday Account-i with minimum deposit of RM 1000 and will be earmarked for 30 days. Each eligible customer shall be entitled for a promotional rate of 3.60% p.a. for Fixed Deposit/Term Deposit- i with 8-month tenure.

The promotional rate is subject to a minimum fresh fund placement of RM 10000 for all individual customers. The promotional rate is applicable for placement of one cycle only. Upon maturity of the Fixed Deposit Account/Term Deposit-i Account, the interest/profit will be credited into eligible customer’s Everyday Saving Account or Family First Everyday Account-i.

Source: http://48smart.blogspot.com/2014/05/ambank...d-campaign.html

HLB STEP UP FD (eff:19 MAY 2014)
======================

NO CASA

1-4th mth - 3.3%
5-8th - 3.6%
9-12th - 4%

effective 3.63%
cannot find link but was told by staff. 

thanks. at least they are being transparent and state the effective rate.

u know the reason why? 

What lah, are you not in Malaysia ? 

EPF gave out higher return than FD for so many years already ......................

We cannot choose which acct to deposit the money. 

Anyone received this sms?

UOB - Enjoy 3 months FD up to 3.6% when you open eAccount with RM10k min.

I could not find the info in the website. Is the eAccount = eFD or another account?

Maybank FD promo effective rate 3.55% for 6 months. Tiered up to 5.6% I think. Minimum 10k for individual account. Valid from 23/5 to 30/6.

Called MBB Branch and details are:

Promotion period: 23/5/-30/6
Min funds: $10,000
Interest: Paid on maturity
Period: 6 months
Interest average is 3.55% based on flg:
1-2 months  3.1%
2-4 months  3.15%
5th month    3.2%
6th month    5.6%

~RM20 or so. Save the hassle la. Wait for next promo.
At least it's not a difference by the thousands.

Wow, the Combat Inflation Deal seems to be really good. 3.6% for first 6 months and you get 4.% for the next 12 months. What's the catch, really?

Hey guys I'm in a mess now, I just created a eFD account under "Maybank Conventional Fixed Deposit" and made placement of RM 3000.

I printed the eFD placement receipt at completion and the status is APPROVED, but in fact by the time I made the placement my account balance is less than 3k, so how come they can approve the placement?

Also, I don't see any eFD account shown up when I tried to view my eFD account in m2u.

Please enlighten, thanks.

Okay then I guess 1-2 days later the placement will become invalid right? Since my account balance that I used just now has not enough balance to make that placement. 

Oh no, really?
I asked my RM last week and she didn't tell me anything about this. Really geram.
So I guess the Ampang's branch is the only option if I want. I wonder if I can open a new account there if I have an existing one elsewhere...

Any differences between islamic and conventional eFD?

Maybank from 1/6 to 30/6/2014
Campaign rates  1 month : 3.2%p.a.
Minimum placement RM50K per receipt for SME/BB
RM25K per receipt for individual customers.
Max. placement No Limit.