Anyone tried this service before? look like very convenient that can place a fixed deposit thru online and certless.
but is it safe to do placement?

credit to your account or auto renewal when maturity ?

should have confirmation screen once transaction done right?
just do a print screen for in case, at least still have transaction references number if have any...

today gonna try it later... 3% interest + free hassle + save time... still worth it...

but i think can do a eFD with 1 month right?

is it confirmed eFD minimum RM5000 placement? thought can RM1000...

it safe to use... i tested to withdraw money, it credit into my saving account immediately with the interest...
also, i do monthly renewal (1month) for my eFD, i dont want loss my interests for in case i need money urgently...

This post has been edited by gkl83: Oct 7 2008, 02:52 PM

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

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

just update my picture...


as we can see...
12 months and 24 months interest rate no different... same as RM185...
better got for 12 months since same interest rate as well...

1 month and 2 months interest rate no different... but common sense should same interest...
but NO... 1 month's interest are higher than 2 month's interest... extra RM0.20...

so if wanna to deposit ur money based on certain interest rate, go for the shortest tenure since have more benefits...

This post has been edited by gkl83: Oct 20 2008, 07:27 PM

of course i know the reason why the interest higher bit lah......
i want to advise that if going for Fixed Deposit... better go for the shortest tenure based on certain interest rate....
who the heck going for longer tenure if interest still the same and taking risk to loss the interest?

if 3.0% @ 1~2 month tenure: choose 1 month tenure
if 3.2% @ 3~5 month tenure: choose 3 month tenure
if 3.4% @ 6~8 month tenure: choose 6 month tenure
if 3.5% @ 9~11 month tenure: choose 9 month tenure
if 3.7% @ 12~24 month tenure: go for 12 month tenure
... ... ...

lets talk in another concepts...
if 3.0% @ 1~12month tenure, which tenure we going to choose?
i think wont have ppl going to choose the 12 month tenure... if the person withdraw money at 11 month (12 month term), he loss all the interest and get back the same principal/capital... if the person choose 1 month term, at least he still got 11 month interests if withdraw when 11 month... that the reason why i said "deposit ur money based on certain interest rate, go for the shortest tenure"

This post has been edited by gkl83: Oct 22 2008, 07:55 PM

wont have any fine... if no remember, u wont able to withdraw your money during the process or the 1st day of eFD...

assumed your statement was true, so fine will apply if eFD auto renewal after maturity?

uplift = withdraw

it depend your preferences during your eFD application...
u can choose either "auto renewal" or "credit into account"...

auto renewal: keep renew after mature
credit into account: transfer the money + interest after mature


as my experience, i applied eFD for my very first time and it spent day for processing...
later on maybank posted me some sort of FD's receipt to my house after week...

for now and the following applied eFD, maybank2u will immediate update into system on the same working day...

yup, it under "Account & Banking", u will see "Fixed Deposits" there...
no matter with cert or without cert, all the FD will display there if the FD under your name...

i think u cant deposit and uplift at the same day as they required some processing at the server...

Interest payment frequency based on maturity (term)...

if u choose 12 months, so interest will pay when 12th month...
if u choose 1 month, so interested will pay every month...