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 Fixed Deposit Rates In Malaysia V. No.12, Strictly for FD Discussion Only

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royalz
post Mar 10 2016, 10:45 PM

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QUOTE(Nom-el @ Mar 10 2016, 03:36 PM)
It seems there has been a lot of discussion & confusion on GIA-i recently. Instead of answering the questions separately over & over again, I have written an article on it on my blog at http://ringgitstretch.blogspot.my/. Read it to find out more about its pros & cons and differences with islamic FDs. Read the tips section to find out how to make placement with only 1K for 1 month or less. Hope it answers most of the questions raised.

The blog has also been updated with the latest FD promos. In case you missed it, you can get 4.3% p.a for 3 months FD with Hong Leong if your sum is substantial which is much better than the latest CIMB Fixed Deposit & Current Account Campaign 4.68% p.a. which looks good at first glance but the effective rate (FD + CA) is worse than the FD board rate of many banks.
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Read your blog..question...if i withdraw in less than a month period (3rd week of placement)...according to your blog will still get the profit rate? Will the profit be credited upon uplift or it will only be credited after 1 month period (say already uplifted on 3rd week) ? Thanks
royalz
post Mar 17 2016, 09:51 PM

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guys...trying to calculate interest earned for a period of time...does placement date and uplift date earn any interest? thanks
royalz
post Mar 17 2016, 10:30 PM

On my way
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QUOTE(CalvinCLK @ Mar 17 2016, 10:11 PM)
Placement date yes, uplift date no.
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thanks bro...

update: had to uplift my maybank General Investment Account-i (GIA-i), calculated its 4%... not bad!

This post has been edited by royalz: Mar 17 2016, 10:30 PM

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