Can simply withdraw from epf? I thought can if only buy house or after 70 yrs old?

Actually, currently 1k also can put FD promo in BSN. 1 year 4.5% or 5 years 4.75%. Refer to page 1 for more info. If you want to go for e-FD, can consider Public Bank e-FD promo 3.6% for 1 year.

I think UT is much riskier. If you can tolerate the risk, fine. A lower risk option would be to invest in Maybank's GIA-i with indicative profit rate of 4%. You can withdraw at anytime with no penalty on the profit rate. You can even do placement & withdrawal online (eGIA-i) if you have an existing Maybank account. However, there is no PIDM protection as the profit & principal is not guaranteed. Higher risk than FD and lower risk than most UT in general. 

Do not underestimate the value of 1k especially when compounded over time if you start young. If you can save 1k every year & do not withdraw it & let it compound over let's say 20 years, you would have a substantial amount by the time you reach 38. If you can save more, let's say 1k per month, the amount will be even more substantial. Better than getting those savings plan as you can withdraw the money anytime when you need it. You just lose some interest. Hope this helps.

Do not underestimate the value of 1k especially when compounded over time if you start young. If you can save 1k every year & do not withdraw it & let it compound over let's say 20 years, you would have a substantial amount by the time you reach 38. If you can save more, let's say 1k per month, the amount will be even more substantial.

I heard a lot about eFD. How do I apply?  And what are the differences between normal fd

Anyone noticed CIMB now have no promo for FD? How will they survive oh?

Indicative is 4%, but they give you 3.39% instead? Anyway it's still better than Islamic eFD.

RM5k is minimum placement for 1month FD. RM1k can be done for 2months onwards. It is convenient as it is just a click away, no nd to go to counter.

How is the rate of the efd of BSN, AMbank as mentioned by you? Just wondering do i miss out anything.

Alright, thanks! MBB is more convenient for me in this case can do it online for GIA RM1k for 2mths and get 4% p.a.

THanks for pointing out! Now that I did my calculation, it is more than 4% in Feb'16. I placed RM1k in Jan 16 and the balance is 1003.39 in Feb'16, hence my simple minded thinking tells me it's 3.39%. If convert into % p.a. equivalent, it is actually 4.07% p.a. 

hi sifus.... may i know which bank offer good interest for 10K FD for one year?  plan to go by tmr

can have a look at uob bank, direct FD.

p/s 1st page is more reliable than hearsay

There is no significant in 3% and 3.15% for a 1k fd in 2 months

why give free money to bank? sikit sikit jadi bukit. tats his motto.

received my monthly profit for MBB's GIA-i eFD. effective rate is 4.00% p.a.

continue slowly replacing my other Islamic eFD (3mths, autorenew) to GIA-i eFD (2mths, autorenew) 

this is eFD, not traditional FD.

however, when you're new to open eFD in maybank, it will take about 1 day for the account to be created. but effective date is unaffected.

Thanks~! So all this promotion FD rate are only applicable at the bank branch right? For online E-FD still using the standard 3.3 p.a ?

Called UOB PB centre:

5 mth 4.05%, 10 mth 4.18%, min 10k, till end March

promo rates going down .....................

unker goat need yr advice?

keep repeating yr line, dun give free money to the bank.............................  

My 1st hand experience with PB eFD:

1)For 1st timers like I was, you will need to create an eFD account,
click on eFD tab to the left, select tenure, agree to every t/c, else you cant proceed
then, you will see your eFD account created, with no balance inside:

[attachmentid=6097664]

2)Nows time for the real placement,
There are 2 types of FD for placement, namely eFD and FD,
The 1st is purely done online, and gives +0.25%pa interest,
the second is normal FD, which gives no promo rate,
and wants you to collect the cert, see below:
[attachmentid=6097627]

3)take the eFD of course, and they offers 3.45% rate for 3 month for 1k,
there's interest selection too, take monthly payment, so that your month FD interest can earn savings acc interest too:
[attachmentid=6097670]

4)agree to everything, so that you can proceed:
[attachmentid=6097687]

5)tadaa:
[attachmentid=6097705]
Print the slip and you are RM 8.67 richer after the tenure.

Let me give you an answer (with the intention to solve your curiousity that will eventually kill you, if I did not intervene).

Why would some people rather earn less interest when you can earn higher elsewhere ?  The answer can be found in genxgenygenz postings.  To be precise, the words "chiak beh liao" would explain it all.

At 3.45% p.a., some people's FD would be earning more interest (in absolute terms) in a month than what you would earn in 1 year @ 4% .

For example, 

MR. LIM puts in a RM10million FD at 3.9% p.a.  He earns rm390k per annum, and the bank credits his SA rm32,500.00 every month.
MR. RANJIT SINGH put in a RM100k FD at 4.0% p.a.  He earns rm4k per annum, and the bank credits his SA with rm333.33 everymonth.

For MR. LIM, he may be in a situation of "chiak beh liao" whereas MR. RANJIT SINGH is merely surviving day to day.  Hence, psychologically, MR. RANJIT would be very sensitive to interest rate difference where as MR. LIM would not.  Hence, also why, MR. RANJIT SINGH cannot pathom why MR. LIM do not go for the highest interest rates.

The law of absolutes and reaching the level of "chiak beh liao".

may i know is eFD really good?
i see the rate not as attractive as promotion FD.

the only benefit of eFD is only flexible and convenience is it?

When I call up HSBC yesterday, the sales rep stated that in order to enjoy this 5% promo, you must have an HSBC advance account. HSBC account holder must have a minimum RM30k combination of deposits and investment. If you fail to fulfill this requirement, you will be charged a fee (not sure is it RM10) monthly. This 5% promo is for 3 months FD. I see it as minimum amount of RM30k FD to enjoy this interest rate.

Should complain on this. Better to get new FD cert/slip when renewed at "special" rate. Like BR agreed to give me 12 mth 4.5% for expired FD, they print out new cert for me.