Well, not all share the same opinion. It is still a UT. Depends on people. I did have some there but would not put too much in there.

But I doubt it is the fixed price one. It most likely is the variable price.

This post has been edited by bbgoat: May 31 2016, 09:33 AM

Yup, basically the good promotion rate is more about higher LDR than in normal day, aka banks lack of deposit to meet the loan given.

As in ordinary situation, FD rate is always too far away from 3 months KLibor rate.

Mine is monthly renewable and going to mature soon.

Currently is 3.1% per month, thinking of getting longer period for higher interest.

Now already hiding inside a deep hole... can barely see light already. Lolz.

But i dun think bank will be offering high FD rates for long tenure of time frame. Most will run around 3 to 6 mths. So dun expect a 12mths 5%... unless magic happen ????????? Can that ? But i dun believe in this magic yet la. Haha.

5% with UT/ASNB is kinda low I tell u..

so not worth it

if pure FD, then really worth

From Maybank,
"Terms and Conditions on eFD premature withdrawal

The payment of interest on premature withdrawals of eFixed Deposits' (eFDs) before maturity shall be subjected to the following Terms and Conditions:

1. No interest shall be paid on any 1 month, 2 month or 3 months tenure eFD that has not completed its respective full tenure period.

2. For eFD's with tenures exceeding 3 months no interest shall be paid if the eFixed Deposit (eFD) is uplifted before the completion of the first 3 months period.

3. Other than the circumstances mentioned in (1) and (2) above, interest is payable only for the completed period of the funds have been deposited as below:

The rate payable for an eFixed Deposit uplifted before its fixed maturity date shall be half (1/2) the original contracted rate for each completed month."

U must check/calculate whether is it worth it to uplift/withdraw ur FD before mature date because the interest will be cut in half so for same cases its not worth it to withdraw. For example, if ur FD is going to due in a month, then its not worth it to withdraw it now (u should wait for it to mature).

Speaking of the Maybank eFD Flexi Campaign, I'm thinking to put some funds for a year.
I still figuring out is this the correct setting below to take advantage of the campaign rate instead of the board rate?

I selected credit to account as listed on their T/C. A small advice would be appreciated!


Attached thumbnail(s)

read the instructions here

Process Flow for placement

Thanks! Its really helpful and I overlooked there's a mini flow link on the page =)
Have a great day

hi sifu, so i did the 10k eFD placement last month and now i need the $ means i need to do the uplift, and as you can see from the screenshot, closing balance is 9k+ short of RM27+
so that is the interest it credit to me for May right? now it just took it back.
or this is the penalty i need to pay for uplift before the 12months mature?

please advice.



This post has been edited by tryifelsecatch: Jun 1 2016, 09:56 AM

Big Bones, are you saying short terms of 3 to 6 months has high FD promo rate ?

I still think 12 mth will have better rate though it depends on the banks' promo.

Ya, based on what I have shown, 5% is kind of low esp the variable price fund upfront charges ! So the additional 0.5% vs the 4.5% of Affin's FD promo is just small sweet deal for the investor.

only problem, needed to find those branch offering 4.5% FD

Kind of pain u know where. Not sure how they choose which branch to have the promo ?

Just call customer service to check.

yeah, donno what criteria they use to pick which branch

they have the whole list?

Try and call them tomorrow.

Okay thanks!

I dun think their info is up to-date

Just checking I have placed my funds under GIA-i in M2U and for now it is auto credit to my account upon maturity after a month. If in my next cycle, I select auto renewal upon maturity, can I still uplift it at anytime? Just in case if I have any emergency and suddenly later cannot uplift, I'll be in trouble.

I set it to auto-renew and uplift before maturity all the time.