anyone applied for CIMB eFD,min 10k,4%, 3months? is it one account can only do one placement? have any tried to place 2 eFD? eg: 2 x RM10k?

   
how did you manage that?
3.7% monthly?
your RM did it for you?

Why auto renew? By autorenew, you are giving banks free lunch of approximately 0.5% Every year! (I based it in other banks offer FD at 4.2%/year). Please don't do that. Better you lock in for long term at least you won't be giving free 0.5% to the bank. DO NOT GIVE FREE LUNCH TO BANKS! They are not your grandfather or parents.

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.

I will say that, 1 month 3.7%p.a is the best rate in town for such tenure, moreover, its auto renewed, i will visit cimb preffered soon

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?

i think to partly address ur liquidity concern you may still place a long term FD but spread the maturity
for me I make sure there will be at least one FD (10-12m tenure) maturing every other month. in between i might also have funds maturing from shorter term FD..that way at least the potential opportunity loss is lower

Update us which u choose...interesting in structured products

how they assess the hnwi? how much in bank roughly?