One time only. That's why I said after 3 months, tutup account, find another place to park your money.

if as a fresh grad who's income is still not that high yet.

is it more practical to split your FD into multiple RM1000 instead of depositing at like 3k-5k at once?

Or i should put some 1k funds as every month renewal and 5k funds as annual renewal?

personally, i do 1k FDs whereby every month i can withdraw it out with interest although at a lower rate..more liquidity. 5k for 12 months at highest rate given.

Depends on you. Like me (still a student) I put one month of extra usage into efd as my emergency fund. I never exceed more than 1 month of emergency cash reserve in my efd. Once I have > 1 month emergency cash reserve, those money will go somewhere else.

Just make sure to remember to add the previous month interest to the new efd every month. That way, compounding interest will be at work and end of the year, your effective rate will be >3.15% (using Ambank Islamic efd rates)

Deposit at least 1k every month for consecutive ~ 36M. And see how much you accumulate. And withdraw it to form your first mother FD.

Can the MBB Gia-i fund withdraw prematurely through online? What will happen to the principal & the interest?

Nowadays usually every bank allow us to transfer cash in saving account into FD directly online right?

I'm looking for a bank like that so that I can transfer my monthly income to FD with internet banking.


Thanks.

Hi, hows the GIA thing going on, above 4 pa or below benchmark?

You mean efd?
Mbb got

looks like for
1) straight (i.e. fixed rate, instead of those effective rate due to x mth @ x% + y mth @ y% and subject to adjustment as OPR revised) and
2) conventional (i.e. pure fixed/time deposit, and not linked to any investment be it business, equity, unit trust, commodity murabahah) and
3) over the counter FD (i.e. not eFD)

the best rate in town r
1) Bank Simpanan (12m@4.5% non-PIDM member but 100% guaranteed by government. Heard a/c opening for new depositor a bit slow?)
2) RHB (12m@4.45%)
3) Alliance Bank (3-9m@4.35% but need RM50k)
4) OCBC (15m@4.3%)
5) CIMB (12m@4.3%)

Any better option please advise tq

Public Bank, 1 year 4.3%.

Thanks for the replies. I currently deposit 1k into mbb efd every month and currently have a small stash in another bank for 12m. Guess my method is alright haha

Once you have rm10k, go for promo rates rather than board rates. Earn you a few extra RM. Of course if you can withstand the waiting time, go for BSN 1 year as the minimum amount required is only rm1k.

No idea. Never ask these questions.

HLBank 3months 4.2% p.a extender to this month end?

How about this? Worth to invest or not?


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No. Is FD bundled with UT/insurance package.

This post has been edited by Ramjade: Mar 7 2016, 06:08 AM

very true... that's why i stay away from bsn and also BR.

Why not? FD can get 7% while UT makes -6% on the same period
Best of all, the UT potion will be locked in for 2-5 years

If d amt is substantial, it's worth d time

This post has been edited by wil-i-am: Mar 7 2016, 09:19 AM