3.85% p.a. with Maybank eFixed Deposit-i

[cupofjoe1052]

EDIT: Wrong link

https://www.maybank2u.com.my/mayban...tions/account_and_banking/efd-flash-deal.page

Any thoughts on

https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/accounts/fixed_deposits/eislamic_fixed_deposit.page?

 

[andrusjarv]

@cupofjoe1052 What thoughts do you want? It is what it is, a FD.

 

[ehnglo]

@cupofjoe1052 Hong Leong fixed deposit have a promotion now with 3.95% per annum at 12 months and 4.05% at 18 months

 

[enduring_until_the_end]

@ehnglo Joint name can?

 

[ehnglo]

@enduring_until_the_end Not sure

 

[avgold]

@ehnglo Versa also have 4.0% per annum for the first RM30,000 you save with no lock in. You can cash out anytime.

 

[ehnglo]

@avgold Yes, but I'm investing more than 30k so I think this is currently the best option

 

[robster1981]

@avgold is versa rate projected or guaranteed? have you been getting 4%

 

[avgold]

@robster1981 I’ve only started investing in them last month.

It’s the current promotion rate now. The calculation is below:

The net return of 4.0% = Versa Cash base net return rate (2.75% p.a) + promotion net return rate (1.25% p.a)

 

[resjudicata]

@cupofjoe1052 ermmm..

no even close to being the best offer at this moment.

stan chart is around 4.3% (min 250k, 3months)
muamalat 4 % (3 months)
bank islam also around 4%

better not to commit to anything below 4% until the next hike in rates (jan 2023).

 

[cupofjoe1052]

@resjudicata 250k bro...

 

[resjudicata]

@cupofjoe1052 yup...

for atas people la..

citibank also got citigold offers, i think around 4% also...

can refer this link..

https://forum.lowyat.net/topic/4154481/+24280

 

[eng]

@resjudicata

for atas people la

What? Having 250k is considered atas?

 

[antoinel]

@eng having 250k in liquid is very atas bro, what are you even on rn?

 

[niv80]

@eng Yes, according to some statistics, 54% of Malaysian don't even have 50k in their entire life's saving. https://www.freemalaysiatoday.com/c...-of-malaysians-can-afford-to-retire-says-epf/

 

[joep222w]

@niv80 54% don't have 50k in EPF doesn't mean 54% don't have more than 50k anywhere else.

 

[niv80]

@joep222w Errr, while you are technically correct, you need to understand that the B40 group which means 40% of the population earning RM4k or less. if they can't even keep 50k in their "forced" saving. What are the chances they will even have more money in other places? Let's say they can save 10% of their RM3k salary every month. It will take them 69 years to save RM250k

 

[freesoul88]

@cupofjoe1052 I just saw cimb eFd 3.95 %

 

[commonsensebeliever]

@cupofjoe1052 Hlb promo is there for quite some time followed by rhb

 

[zimikurot1221]

@commonsensebeliever RHB needs fresh funds or existing funds also can?