Eh, I thought PBB eFD can do upliftment online?

Today still receive the MBB GIA-i 4% payout for the 8th month. Interesting to see if they would remember to credit the add'l 0.5% the coming days without me having to "remind" them. 

Am bank is customer friendly on fresh fund requirements . Since True Saver rate drops from 2.8 to 1.8%, transfer my money to the 6 months FD 4.25% promote rate, rm500 ( min rm10k) or 5% of FD to be kept in saving account. i use True saver as it gives 1.8%..

For 6 months i think this is the best rate

If Ambank allow us to place it with existing fund or just top up a bit, then that is covinient for existing customers.
However, pure "fresh" fund, still prefer Hong Leong 6 month offer, 4.25%  
By the way, I calculate ambank offer in stupid way like : (4.25*20+1.8)/21 = 4.133%

Had a pretty bad experience with Bangkok Bank (KL Branch). To open an account, you will need to wait for a few days for verification and approval. The weird part is that they will even run a CTOS check on you for FD Placement...

Still can't beat Maybank 4.27%

what if OPR rate change in between the 12 months?

Y not many ppl interested in PBBANK 4.30%? Is it becoz of the 20k min fund required? thx

I just checked my MBB eFD FLEXI monthly interest credited into my savings account on 1 May and 1 June. Same amount credited for both months. Shouldn't interest on 1 June be more than 1 May coz 1 June should get 31 days interest and 1 May 30 days interest? MBB calculated 30 days for both months.

if you have 1 million @ 4% pa, it could be as high as rm109.

"QUOTE(kinwawa @ Jun 20 2016, 11:12 AM)

OK thanks Sifu Cherroy....
Indeed it's for diversification.....had already some on promo FD rates. Looking at the way RM is dropping....planning to hedge some in foreign currency maybe for the next 10 yrs.....not planning to use the money...

based on your advice, 10 yrs considered short-, mid- or long- term?

thanks"

Tq bro Ramjade,...

Kinwawa... it depends on the timeframe you can afford to leve your funds there before you need to take it out for usage. The longer the timespan you have, the higher your chances to gain from your foreign currency investment. YOu can change back from the foreign currency into the RM if you wished to use the funds when the RM has weakened adequately against that foreign currency that you are holding.

The following graph will demonstrate how long it took for the SGD to pull ahead vs the MYR, and finally reached the level of the SGDMYR today :-

http://finance.yahoo.com/echarts?s=SGDMYR%...ing":true}

From this graph, you can estimate how long you need to leave the MYR 'overseas',... but it also depends on your entry level and the timing of your entry,...

Let us know,...

Thanks Hansel! Saw your discussion on forex etc.....i'm just thinking of parking extra money there for children's education in future (if required). Like i say...maybe 10 yrs..but i might put in low volume and accumulate slowly if req...like AUD5K, SGD5k, USD5k for 12 months and let it roll and accumulate later when got extra savings again

good read if u wish to diversify beyond FD

https://s3.amazonaws.com/kclau/Books/ebooks...est10kEbook.pdf

Hi have anyone signed up for the Maybank eFD FLEXI 2.0 CAMPAIGN? Is it good compare to others?

4.31 % p.a. promo rate is over.

New effective rate is 4.27% p.a.

Maybe today is holiday?

Guys,

Today only I notice there is the transaction history in my Saving on 21-Jun-2016 EFD INT ADJUSTMENT RM0.93

Anyone have this? I'm quite sure is about the eFD Campaign that I place in last 2 months. But why is 'Adjustment'?

The posts on the adjustment of interest given by Maybank have prompted me to calculate the monthly interests

Month Days/Year Amount            Int. rate    Interest
MAY  31/366  $10,000.00  3.40%  $28.80
JUN  30/366  $10,000.00  3.40%  $27.87
JUL  31/366  $10,000.00  3.40%  $28.80
AUG  31/366  $10,000.00  3.40%  $28.80
SEP  30/366  $10,000.00  3.40%  $27.87
OCT  31/366  $10,000.00  3.40%  $28.80
NOV  30/366  $10,000.00  4.70%  $38.52
DEC  31/366  $10,000.00  4.70%  $39.81
JAN  31/365  $10,000.00  4.70%  $39.92
FEB  28/365  $10,000.00  5.75%  $44.11
MAR  31/365  $10,000.00  5.75%  $48.84
APR  30/365  $10,000.00  5.75%  $47.26
                                    Total interest =  $429.39

The total interests will be $429.39 and thus the effective interest rate is just 4.29% and not 4.31% as advertised! 

Min for eGIA-i is rm1k.

Is that true ? Can anybody advise....

Hi guys,

As we know, MBB eGIA-I is yielding 4%pa, even if we uplift within a day. Deposit today, uplift tomorrow, we will get interest with the principal. So what if we uplift and redeposit daily, will this mean we get daily compound instead of monthly?