I have made a fixed deposit in maybank2u last year, for 6 months.





in this case I will get the interest in 1 shot on 28 April 2015 ?

if I want to get the interest to my saving account on every month, any guideline on how to do that ?

if not mistaken depends on the option u set at the interest paying mode. example mine is at add to principal option so when i get the interest it will be added into my FD's principal amount when it is credited.

oh i see. i remembered i chosen the option which those money will credit to my saving account.
i think it will credit the 1k with the 6 months interest to my saving account in April.

depending on the next option (upon maturity) i guess? like mine is renew after maturity with the value added into principal. so when matured principal+interest into fd again until i cancelled it myself.

Hope someone can answer my question below

1. How to calculate the interest? Let's take TS case for example. Rm1000 x 3.25% = Rm32.5 (per month) So, total 6 month is Rm195 ??
2. Can I apply FD via m2u without go to the bank branches?
3. If I choose 1 month interest is it mean I need to renew/apply it every month or it would automatically calculate until I cancel it?

3.25% is PER ANNUM RATE, not monthly rate.

Thus, in this case, ASSUME the tenure 4 month and had FINISHED the tenure
Interest earned: 3.25% x RM1, 000 x 120/365 = RM10.68

This post has been edited by JunJun04035: Mar 28 2015, 08:29 AM

Thanks bro,
What about my 2nd & 3rd enquiry?

1. Rm32.50 / 12 = 2.70 per month x 6 months = 16.25
2. Dunno but I think can.
3. Renew itself automatically until you withdraw. One month FD the interest is added on to your principle. But usually 6 months the interest is a bit better than monthly. I prefer monthly. More flexible.

1. The rest already answered you.
2. Can. As long as you got M2U account. Just go to FD section and put your funds into FD. There is a minimum amount for certain tenure and all details are there so you just have to click here and there and read up.
3. If you choose 1 month, means you can withdraw your FD without lost of interest at the end of every term (1 month). You can choose to automatically renew it - interest add on to principle or choose to credit principle and interest into your account which means the FD is no longer in active and you'll have to place a new FD after that.

For more info on FDs, you can check out the FD thread in Finance subforum.
https://forum.lowyat.net/topic/3456872

1. someone answered
2. yes, e-fd
3. can put automatic renew at board rate until u decide to stop it by uplifting. Interest also can credit to savings / put into new FD with the capital.

Thanks guys..

1 more things I wanna ask is if I choose 1 month FD, did I need to collect the FD cert every month?

no need collect any cert for e-fd. it jus automatically renews.

I see.. What about not e-FD?

No need also

It'll be auto updated in the bank system. When you're free, just bring your FD cert to update it. The updated ones will be printed on the back of the cert usually.

Okay, thanks for the info