not sure is this useful. I have been depositing my eFD in Maybank GIA to earn higher interest for 1m (RM5k)/ 2m (RM1k onwards but below RM5k). The indicative interest rate is 4% monthly but it could fluctuate depending on the return on investment. I have several GIA FD with Maybank deposited in Jan 2016 and got 4.07% for the first month interest. I find this convenient and no need to look for promo (due to high min amt required for fd promo, usually starting from RM10k) because I do it monthly (extra funds all go to FD). This interest rate is higher than any of all the existing bank that offers for 1m & 2m interest rate.

Edited: Thanks to member who point out the error in my calculation.

http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

This post has been edited by ytan053: Feb 24 2016, 02:21 PM

Because it is an investment account, hence the rate would fluctuate. After recalculating, it is actually 4.07% p.a. for the 1st month

This post has been edited by ytan053: Feb 24 2016, 02:20 PM

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.

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.

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.

Yes. Select 2 mths,d 4% is paid mthly, so it feels like 1mth fd

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.

How do you know it is confirmed getting the promo rate of 4.31%? When you click on "view my accounts", the interest rate is as per the promo rate?

I met with the RM today to confirm on this, she said after checking with her officer, uplift eFD to savings and then to place in eFD (Conventional) will not be considered as fresh fund, but I hv no idea how the system going to trace this.