Hey guys,

Saw this on M2U

http://www.maybank2u.com.my/WebBank/edFlexi250316_tnc.pdf

10-12 months 5.75%?

What I don't get is the definition of Multi tiered.. can someone explain?

i.e. the interest rate changes monthly? or it means if you FD min of 10 months your entire tenure is 5.75? Too good to be true?

1) this is a campaign promo in eFD.

2) campaign tenure is full 12 months, means your fund is locked for 12 months, unless premature withdrawal.

3) multi-tiered rate means rate is different for each "band". Month 1-6, you'll get 3.40% p.a. rate. Month 7-9, you'll get 4.70% p.a. Month 10-12, you'll get 5.75% p.a.. Refer the T&Cs that you posted.

4) final effective rate is 4.31% p.a. once you completed 12 months. that means, the interest you gotten is effectively 4.31% p.a. rate against the amount of fund you put in.

5) note that the rate is p.a. (per annum) rate. 5.75% p.a. is not much for small amount of fund.

if there any better offer than 4% for 1 month?

I'm looking for short-term deposits, like max 5 months.

yeah can . Before they extended the promo. yeah , 4.3% above 100k. After extension , unsure, better to check with branch directly. 

Received call from BR to collect the gifts. Including gold coins and golf umbrella (not golf club  ). Will collect later. 

Surprised that BR is trying to brand their Xclusive Club. Coming out with gifts specially engraved with the Xclusive name. To do justice to the coin, see below. The packaging box looks and feels good too.

bro, dun be cynical just because u are unable to get it!    

You may consider GIA from MBB, 4.5% from 7 months onward, which is better than tiered 5.75% interest from MBB. Both are online placement, just parked money on GIA.

http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts
I see on this, but since like others says this is not guaranteed, I only put 1 month.
By keeping the current promotional eFD aside(since ends today), 4% a month are still ok. I think 1 month the lost won't be that big if they were unable to give 4%.
I take it this way : 4% of eFD from GIA are still better than normal eFD rate.

Is weekend and public holiday counted for profit?

There is always a catch nowadays. Any too good to be true deals nowadays? Genuine ones only.

uob 4.3% 1 year.

min deposit how much? 

I presume there is no T&C

Public Bank have extended its FD 6+6 mths to 31/7/2016

guess the target is not achieve yet, thus promo extended

PB print the first 6 and 6 months rate on the FD cert. Thus I think it will not be affected by OPR. For 1 year effective rate 4.3%, PB is the best 12 month promo with PIDM protection. First 6 months interest will be credited into saving account making the effective rate "slightly" higher than 4.3%.

Once u lock-in, u will b protected from opr movement

Hahaha, lets see first. May talk to them or wait till next month. Luckily did not put too much into it. 30+k only.

I plan to uplift my FD in MBB in a few days. Just realised my FD matured on 25th Mar.  How do i check and calculate the interest for my matured FD and also the additional interest after my maturity?  Thanks.

Fixed deposit, the interest is fixed regardless the change in OPR. The only exception is some step-up FD may change according to the OPR. So what this means is if you had a locked onto a FD say with 5% p.a interest for 5 years, regardless how the OPR change, you will be getting 5% p.a for 5 years.
4.3 to say 4.5%. Depends on how much you have and how much the bank willing to give. Some banks won't even allow the rates to be nego.

I will say rm100k not enough. Usually about RM200k can start nego. Ask bbgoat master of nego.

Rm50k who wants to entertain. Chicken feed to banks. Kasi impress sikit. Show 6 figure sure bank want to entertain.

Must b calm n patience when deal with Tun Ram lol