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Fixed Deposit Rates In Malaysia V. No.13, Strictly for FD Discussion Only
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wonderor
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Jun 12 2016, 05:06 PM
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New Member
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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. 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?
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wonderor
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Jun 12 2016, 10:04 PM
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New Member
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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? 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.pdfThen 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
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wonderor
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Jun 12 2016, 10:16 PM
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New Member
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QUOTE(chicaman @ Jun 12 2016, 10:12 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.
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