i replied this yesterday

the cert will show the instructions. principal to renew, interest/profit credit to casa (monthly)

errr dont know about "capitalised monthly". no idea.

profit rate stated on the cert is NIL. but you can see the rate in M2U App Quick Balance (M2U desktop doesnt show much)

that's why i wanna monitor the rate and dividend monthly

dont know about you. i can see in M2U App Quick Balance. normal m2u desktop or m2u app (normal login) doesnt show the rate.

I requested BC from ocbc casa (put into MBB GIA-i). got charged RM2.80 (deducted from casa)

can u pls stop trolling with all these useless posts?

this is not /k/

that's the reason why aeiou228 didnt bother to calculate the interest re-investment.

One could either use it, deposit to CASA or reinvest back to FD.

if you put fd for 5 years, and expect to get interest in monthly/half-yearly, why would he/she want to put the interest into TrueSavers and lock it down for 5 years?

If this happens, he/she would just take the interest out and put FD/eFD instead ... or just is it for normal day-2-day use.


different ppl, different requirements.


since aeiou228 already started the ball rolling, and you're interested on your calculation, why dont you start calculating for us to refer?

this type of argument is moot and time wasting.

the one thing that you didnt mention is which bank you're referring?

else, how would others with same fd/bank can comment?

let's ask cherroy what he think about this.

concur. if we are to takeout all these Islamic FD/TD/iFD, better remove BR/MBSB/BSN altogether?

bbgoat, 'bout MBB GIA, when do they credit the monthly interest?

1 month after placement? or follow calendar month @ 1st ?

beaten last year's Affin 2yr @ 4.38% p.a.

if put 10k to each FD, only difference is avg RM0.78 interest per month (mbb RM37.60/mo vs ambank RM38.39/mo)

as usual, this crude comparison excludes where the interest is credited. I just calculate from the origin of the fund.

for me, mbb's is acceptable since i'm not looking for tenure longer than 12 mths. if got bullet, still can put some minimal amount for ambank geh

just curious how the monthly interest works mah

I'll monitor mine on 1month after placement.

read here read all the supporting T&Cs

apa susah?

http://www.cimbclicks.com.my/eFD.html

very funny on how you view it as "giving bank free money". this is not how banking works la.

so you place X amount for 4.2% p.a. interest rate. ok fine, for the sake of argument, give you 5% p.a. kawkaw. you're literally giving bank free money for ALL your X fund there, they invest it somewhere else getting more return than 5% p.a.

you are not getting 100% of the profit the bank made from your X fund.

same goes to credit card. gives you 10% cashback. so what, you've already spent 1K just to get back RM100. still got to pay bank RM900.

this is a CHOICE that ppl make, doesnt mean they want to give bank free money for choosing lower rate.

there are many other deciding factors that affect the CHOICE. there are few, e.g locations, banks reputation, pidm, customer service (short term and long term), personal financial economics, cashflow management (e.g. 5yr vs 2yr vs 3 months)

my parents happily chose PBB's 4.175% p.a. cuz they trust PBB, they are old-timers using PBB service (fast, convenient for senior citizen, staffs can converse chinese easily, etc etc).

i recently told them got Ambank 2yr @ 4.6% p.a. they said it's ok, no bullets to play around. just wait for maturity and then decide new placement. no need to "kecoh satu kampung" just because got higher promo rate around.


for myself, i cannot access Ambank branches easily. too far, inconvenient. better not waste my time and money. how about time wasted? take leaves from work? find parking? hopefully not get saman if park illegally?

if i do so blindly, i'm already wasting money even before stepping my foot into Ambank.

yes, getting more interest is nice for 2yrs (ambank). what if i urgently need the extra money next year?


again, this is a CHOICE that ppl make.

aiyor, it's the same as you choosing maybank efd 1mth @ 3.25% p.a. vs 3mth @ 3.30% p.a. lor.

why not go for mbsb 18mth @ 4.5% p.a. ?


why giving bank free money for choosing 1mth tenure? might as well go for 3mth or better still 5yr?

This post has been edited by cybpsych: Oct 23 2015, 09:37 AM

the argument was why give bank free money with lower interest rate whereas you can get higher rate at other banks lor

so, might as well we all go for 5yrs, right?

that's why, these type of argument is moot and pointless.