RM0.00 CIMB: Enjoy 4.10% p.a. on 12 mth CIMB Unfixed Deposit with minimum RM10K placement from now till 30 Apr. Visit our branches or website today. T&C apply.

If I am not mistaken, FD interest is not company taxable.

Yes it is.

hi all - would like to check on the HONG LEONG BANK e-FD, do we need to have a savings account open to do that?

thanks.

Yes

normally it is a taxable income but some banks offer tax-exempted deposits for company, like UOB, Ambank

CIMB RM said for the Islamic FD with 4.2% and monthly interest need to open Current Account !

This is stated in Clause 2 of the T & C.

But it looks like apply to Conventional one also. I did not take up this one. Maybe 2 weeks later.



This post has been edited by bbgoat: Apr 6 2017, 08:18 PM

PB Step Up Fixed Deposit/Term Deposit-i

Terms and Conditions

- English Version, please click here. (PDF format, 44kb)
- Bahasa Malaysia Version, please click here. (PDF format, 40kb)

PB Rollover Reward

Terms and Conditions

- English Version, please click here. (PDF format, 60kb)
- Bahasa Malaysia Version, please click here. (PDF format, 64kb)

quick question, for the maturity return vs monthly return.

excerpt from the T&C
... during the Campaign Period in Fixed
Return Income Account-i – Maturity Returns or Fixed Return Income Account-i – Monthly Returns
(hereinafter collectively referred to as (“FRIA-i”):-

if there is monthly return, of course ppl will opt for it rather than yearly maturity return isn't?
was my understanding wrong already? please enlighten.

http://www.mbsb.com.my/deposit_fixed_conventional.html

Most people would prefer the monthly interest, I for one.

But some may not. Easier interest calculation at maturity, need to open SA, this one is Islamic some may want to understand more, ...................

The campaign looks unappealing to me. Effective rate is only 3.95% for 9 months

This post has been edited by FDInvestor: Apr 7 2017, 03:49 PM

(EPF as FD)
ignore the message found another link. tq

This post has been edited by CharAng: Apr 9 2017, 04:29 PM

for the Hong Leong one, since it says fresh fund.. can I transfer out my money from Hong Leong to another bank, then transfer back to Hong Leong to get the 4.15% p.a. ? Since it requires fresh funds...

https://www.hlb.com.my/main/promotion/20170...e-fixed-deposit

This post has been edited by Davidtcf: Apr 10 2017, 10:15 AM

Yes you can. Technically, you don't have to transfer the money back to Hong Leong. Just start a new placement, then "pay" for the placement using fpx, like making online payment.

Hi all bro, just to check how usually you guy transfer the money from one bank to another? by chek or online transfer? i think to transfer the big fund from bank to bank is very troublesome and there is some charges... mind to share some idea? thanks!

buy bank draft bro. one time charge 6rm processing fees only, like cheque.

Going to CIMB to have my FD in

hi can i confirm with u need casa anot with cimb?