so "lose" 6 days interest!

that defeat the 4.35% interest. might as well go for those 4.3% fd promo.



This post has been edited by sandkoh: Jun 12 2016, 11:24 AM

Maybank just changed their eFD Campaign Rate. Effective from 4.31 to 4.27 now.

Previously was 4.31 until end June, now it is 4.27.

Thinking if should just go for Affin 4.5

exactly..

Maybank's eFD's interest is deposited monthly. but Affin's interest is given one lump sum to you during maturity.


Attached thumbnail(s)

New promotion? Is it all branches also got?

u mean the affin one..

then not all branch offer it.

certain branch only

CIMB got eFD promotion.
4.2% for 12 months.
4.1% for 3 months.

If given every month, if before Maturity I uplift at Maybank any penalty?

of coz there's penalty for Maybank eFD,
"New Premature- After 2 months, interest shall be half the campaign rate for the completed number of days until premature withdrawal."
u can split your FD to a few certs (5 x 10k certs) for 50k, if u think u might need to withdraw it before maturity.

Where did you get this information? I couldn't find it in their site in cimbclicks and cimbbank. Could you provide link about it and the terms and conditions?

Saw it when I logged in. Will have a look tomorrow.

Still can't beat Maybank 4.27%

The 1st 6 months are 3.4%. What if Maybank doesnt step up in month 07?

Can give example?

Assuming today I put 10k, then 3 months later I uplift.

I still get first 2 months interest since they credit into account monthly. So what happened to 3rd month interest? Or the amount I uplift has been deducted on my interest?

You can check out their Terms and Conditions. It contain an example of Premature Uplift and how the calculation is being done. Refer to Table 2: Premature Withdrawal (Upon completion of 6 months & 10 days)

http://www.maybank2u.com.my/WebBank/efdFlexi070616_tnc.pdf

Then again it is not advisable to do so since you will only get 3.4% (first 6 months). If you are going to uplift earlier, might as well consider placing your fund in maybank's GIA-i, which is 4% and you can uplift whenever you want or even the next day and still get 4%. But do take note that maybank's GIA-i is not eligible for PIDM protection.

This post has been edited by wonderor: Jun 12 2016, 10:11 PM

May I ask, PIDM Protection is important?

Well, it depends on how you look at it. Some people just want to have a peace of mind. If Maybank goes bankrupt (which is very less likely). You will still be able to get back at most RM250K.

can imagine when the day finally come that PIDM being used to bail out bank, the nation's economy must be in deep trouble before doing so. At then it will affect everyone, not only bank customer.

I don't think we are heading toward that direction any time soon.

Would like to understand this PIDM as well, it is not capital guarantee return only or not interest guarantee return ?

Kind of misleading as how can a fixed deposit instrument not covered in some way ?

Might as well call it derivatives investment instead, no ?

If all things being equal, would choose one with PIDM.