"""
2. The Promotion Fixed Deposit (“FD”) is to be ‘Pre-book’ in different batches and the fund must be earmarked in the customer’s MYR Current Account/ MYR Savings Account/ CNY Demand Deposit Account for 21 days to 33 days, Thereafter， the fund will be transferred to FD Account for 9 months FD on the designated FD placement date.

3．The Customers shall collect the FD certificate one (1) working day after the designated FD placement date.
"""

What...

This post has been edited by AIYH: Sep 27 2016, 08:08 AM

That is because they are fixed price fund, so their price will always fixed at rm1.

What will vary is their dividend, which may be higher or lower from year to year.

And similar to other unit trust, their capital and return are not guaranteed or safe in the event the institution collapse unlike FD product which has PIDM protection assurance

normal e-GIA, you will still entitled to the interest pro-rated when you uplift prematurely

Not sure about the promo type, I do not have the amount to test

Awaiting ppl to confirm

And note that eGIA is not under PIDM protection (so capital not guarantee), so it is not really comparable to FD

From experience, interest option is only credited monthly regardless of your tenure, either to casa or add to principal, that's for normal e-GIA, not sure about the promo version, anyone can share?

Capital will only not be guarantee if the bank collapse, which is highly unlikely, some more is Maybank (just speculation)

The thing is the interest rate will fluctuate (there are quite some rate deduction upon OPR cut), so far the most they deduct is 0.25% at one time (only once)

The previous GIA promo, the interest rate is lock in even after OPR cut, the rate for that is attractive , not sure for this promo

Did you read the previous pages?

What is your definition of safe?

What is your risk appetite?

Almost guarantee, ASNB FP funds

The options you mentioned are unit trust, thats no way captial guarantee at all even though return higher, you bear the risk

If PIDM is not a concern for you, I will suggest you 2 investment vehicles:

i) ASNB Fixed Price Fund: Can refer forum here for more information and dicussion https://forum.lowyat.net/topic/4083170

ii) Fixed Income Fund from various fund houses: Can refer forum here for more information and dicussion https://forum.lowyat.net/topic/4089543

Since someone ask that, I just direct him to the relevant thread to prevent further OT discussion on this thread

Noted