Am50Plus 3 years at 4.5%, min 100k, fresh fund, monthly interest
Promo starts 16/4 and ends 30/4 or reach fund size

waiting for it, is it up?

Which bank in Malaysia can I place eFixedDeposit for one month?
Minimum need how much?
RHB, Public Bank and Ambank

For Maybank it's 5k. I think the other banks should be the same.

IINM, public bank efd minimum is 1k only

What is the meaning of "IINM"

Online.......RHB

3.88% for 3 months

https://www.rhbgroup.com/fd/index.html


Terms and Conditions

Campaign from 28 February to 30 June 2018 or upon reaching the campaign target, whichever comes first.
This promotion is available for placement made via RHB Now Internet Banking by:
Transfer from existing Current/ Savings account ("CASA")*; or
Transfer from other banks via Financial Process Exchanges ("FPX")
The promotion is open to all new and existing RHB Bank and RHB Islamic Bank customers only.
Upon maturity, the principal e-FD / e-CMDi amount together with the returns earned shall be automatically renewed to an Ordinary FD / CMDi with the same tenure at the prevailing board rate.
In the event that the customer uplifts the e-FD / e-CMDi before maturity, no return is to be paid on any e-FD / e-CMDi amount uplifted before the completion of three (3) months.

*Available for eFD only.

RHB promotion FD also consider as eFD, just that placement first time in counter, later all is eFD also, no different#

Public bank can place efd? Minimum 1k?
Which section on the site?

Yes, I just placed mine last month. It is under the same section of eFD. When you about to place the eFD, they will offer you the promotion of xxx amount for xxx months, just click “NO” and you are able to place rm1000 for one month tenure

I believe it means If I'm Not Mistaken

The most higher is the bank Islam with effective rate 4.65% rm50k with two year plus bank rakyat with same condition

Currently the product from banking industry is many choices... i was introduce by many bank about the Fixed deposit, invest program, loan and a lot of funds...
My first thought is what they are going to do with my money.. haha

This post has been edited by JL_Wesly: Apr 16 2018, 10:24 AM

[quote=Dane_89,Apr 16 2018, 10:13 AM]
[quote=kenny79,Apr 16 2018, 09:23 AM]
The most higher is the bank Islam with effective rate 4.65% rm50k with two year plus bank rakyat with same condition


The rate is high but the 2 year and 50k. The return seems like a bit lower than the 1 year rate with 3 point something. If i put the same amount and get 2 times return from the 1 year rate, is it the money is higher than the return from 2 year rate? Or im the one who misunderstand the concept of FD?

[/quote]
For Bank Islam, although the tenure is 2 years, it pays the interest every 3 months. You can reinvest the interest together with your money earned monthly (salary) by opening a new FD.

Effective rate mean pa.per annual...Mean 4.65% pa two year is 9.3%

Hi guys, if I have 30K lying around in my conventional savings account, which I might need to use in 2 or 3 months time, what's the best thing I can do with the money than to just let it sit there? Thanks!

What is that? We never talked about it here.

Well, first of all they have to meet Basel III. And to do so they have to do the "boring" FD and simple loan business and just just the selling of investment stuff what they love to much.

No fun to read, but you can try: https://en.wikipedia.org/wiki/Basel_III#Leverage_ratio

stupid Q. I have an FD with CIMB thats gonna expire in May. It's 1 year placement but monthly credit interest into my acc. If I don't do anything, will they just continue renew it?

May I know which bank offers FD which I can put in my children's name? They are below 18 years old.

You can go for short term FD or Money Market. MM offers daily interest until the day you withdraw. MM is commonly used by corporations to play with their cash flow, but it is also available to Retail market.