Maybank2u eFixed Deposit
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 Jul 13 2009, 03:17 PM
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#1
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Junior Member
209 posts Joined: Sep 2008  
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I wonder why all the banks is offering minimum amount to be deposited for FD is so high i.e. RM5000 more or less, I thought everyone is talking about saving. But, how university undergraduate can save in FD form if the minimum amount is so high, right?
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Jul 13 2009, 08:09 PM
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#2
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Junior Member
209 posts Joined: Sep 2008
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QUOTE(MilesAndMore @ Jul 13 2009, 05:28 PM) Which is why banks have savings account. An account for you to put your money. You can start thinking moving the rest of your money into time deposit when you have at least RM10,000 in your savings account. Why RM10,000 in your savings ? Because you can access your savings account anytime whereas time deposit is locked and can't be access using your ATM card. What if you need the money for emergency right ? Ya, I got you. Thanks for the details explanation. It means that I should stop thinking about FD for now and save up to a certain amount probably RM10,000++ then only consider what to do with it. Well, now I know. |
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