QUOTE(Deal Hunter @ Feb 21 2017, 12:14 AM)
You are supposed to read the first page of this thread before reading anything else. The other pages after that either update by 1) saying that something in the first page is no longer valid as a specific promo had ended somehow, 2) mention a new promo that was not shown at all in the first page. If nothing changes, then most likely nobody will; mention anything at all especially if the promo is not so competitive and interesting.
For Maybank, not much interest in the step-up promo offer FD/IFD-i CNY Campaign mentioned in the first page. It started on 23 January and is due to end on 28 February 2017.
1-3 mths at 3.48%
4-6 mths at 3.58%
7-9 mths at 3.68%
10 mth at 6.88%
to give an effective rate of 3.91% in 10 months, with minimum 10k fresh fund with interest paid on maturity.
I hope it is not needed to explain explicitly why this kind of step-up promo and the effective rate is bad for the investor but great for the bank.
Went over to Maybank Uda, Johor Baru yesterday and was told the promotion already closed.For Maybank, not much interest in the step-up promo offer FD/IFD-i CNY Campaign mentioned in the first page. It started on 23 January and is due to end on 28 February 2017.
1-3 mths at 3.48%
4-6 mths at 3.58%
7-9 mths at 3.68%
10 mth at 6.88%
to give an effective rate of 3.91% in 10 months, with minimum 10k fresh fund with interest paid on maturity.
I hope it is not needed to explain explicitly why this kind of step-up promo and the effective rate is bad for the investor but great for the bank.
Feb 21 2017, 03:28 PM

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