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 Fixed Deposit Rates In Malaysia V. No.13, Strictly for FD Discussion Only

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wonderor
post Jun 12 2016, 05:06 PM

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QUOTE(prody @ Jun 12 2016, 03:44 PM)
CIMB got eFD promotion.
4.2% for 12 months.
4.1% for 3 months.
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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?
wonderor
post Jun 12 2016, 10:04 PM

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QUOTE(chicaman @ Jun 12 2016, 09:55 PM)
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?
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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
wonderor
post Jun 12 2016, 10:16 PM

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QUOTE(chicaman @ Jun 12 2016, 10:12 PM)
May I ask, PIDM Protection is important?
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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.

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