Maybank2u eFixed Deposit
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 Jul 13 2009, 05:30 PM
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#1
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Senior Member
737 posts Joined: Jan 2003  
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AFAIK, i think RM1000 was the minimum if you have 2 months and above. Not sure if it is still the same. RM5000 is the min if you are using a 1 month tenure.
I used to have 10xRM1000 certs for 12 months each. So i can cash out part of it if i need the money. This post has been edited by elhh82: Jul 13 2009, 05:30 PM |
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Feb 2 2010, 11:30 AM
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#2
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Senior Member
737 posts Joined: Jan 2003
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QUOTE(nothingz @ Feb 1 2010, 12:33 PM) PBB and CIMB are done over the counter, you will get a fd certificate once you pledged your money this is not true. I have more than 10 FD CIMB online FD accounts that are completely controlled online |
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Apr 26 2010, 11:41 AM
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#3
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Senior Member
737 posts Joined: Jan 2003
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just start a brand new cert, you don't have to top it up. But i think 1k is the minimum.
Added on April 26, 2010, 11:49 am QUOTE(M@g!cK @ Apr 26 2010, 12:30 AM) No, there is no difference. It does not matter how you split your FD. As long as the interest rate is the same, you will get the same value no matter which option you choose at the end of your FD's maturity. the value is the same but cash flow wise, its much better to put 5xRM1k.Value after 60 months if you deposit 1 RM5k FD with 3.25% interest annually: RM5,867.06 Value after 60 months if you deposit 5 RM1k FD with 3.25% interest annually: RM1,173.41 * 5 = RM5,867.05 If you happen to need to take out some money, you will lose all the interest with the 1x5k method. with 5x1k, you only lose part of the interest, depending on how many cert you uplift. This post has been edited by elhh82: Apr 26 2010, 11:49 AM |
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