I don't feel safe to use eFD, you don't get any paper, only a number, I prefer solid receipt as proof of my FD placement.

You can print out the transaction as proof.
I think it should be save. There is this reference number that you can check.

The FD account number carries 12 digit.

The string of digits with or without the E should be referring to the certificate number. It's a running number. This should be a 8-digit number.

sorry to bother
just now i hv click into maybank2u website... there stated interest rates is based on p.a
so if i wanna put in for 1/2 yr so how does it calculate?

Make a proportionality calculation.

sorry... founded, thanks

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Added on October 15, 2008, 8:32 amaargh...! lost i overlook into something

that is interest on how long u put ur money in it = 3.4% for 6 months

proprotional to p.a? wat does it mean still new into this field

This post has been edited by ! Love Money: Oct 15 2008, 08:32 AM

Rough estimation for 6-month will simply divide by 2.

divide by 2 n the interest will be paid every month or once per yr?

paid on the maturity date.

e.g.

You put 1K for 6month at 3% interest (example only)

(3/100* 1K) / 12 = interest for 1 month

interest for 6 month = interest for 1 month * 6.

u said that will deposit ur money for 6 months...
for sure give u the interest every 6 months lah...

Example:
6months @ 3.4% interest
{[RM5000 X 3.4%] / 2 (6months)} = RM85
u get RM85+ for every 6months
roughly u get RM170+ for 1 year

1months @ 3.0% interest
{[RM5000 X 3.0%] / 12 (1months)} = RM12.5
u get RM12.5+ for every 1 months
roughly u get RM150+ for 1 year



This post has been edited by gkl83: Oct 15 2008, 10:27 AM

thanks all, but still didnt satisfy me...
i put in 5k only can get rm85

with 5k in saving account, the most u can get was RM7.5 per 6 months

This post has been edited by gkl83: Oct 15 2008, 05:44 PM

If such the case, you can invest in bond funds. The risk is higher but could provide ample return which could be slightly higher than FD.

I just open eFD, I remember I select Instruction on Maturity to be "credited to account", but newly open eFD is set to "auto-renewal". Why ah ?

This eFD cannot be done as a joint name either to sign right?

i m greed mar

any link for more info??? thanks...

There're several unit trust managers around. I cannot pin point to the exact fund. You have to scout around.

Take some examples from Public Mutual - PBF, PSBF, PISBF.

If you have furhter queries, please divert your questions in the PM thread.

Eh, nowadays savings account also got no more passbook what, no difference also mah.

Hello guys can i know the requirement for opening FD acc... Coz i'm just 16 years old still in study and have maybank acc with my mom name together so izit possible for me to open a FD acc...

yup