Comments on: Instant FD Interest Payment: Fixed Return Investment Account from CIMB Islamic Banking http://smartconsumerbanking.com/2007/09/18/instant-fd-interest-payment-fixed-return-investment-account-from-cimb-islamic-banking/ Consumer Guide on Banking & Financial Products , and tips on love, money and happiness For Fellow Malaysian Tue, 06 Jan 2009 08:38:03 +0000 http://wordpress.org/?v=2.6.1 By: YH http://smartconsumerbanking.com/2007/09/18/instant-fd-interest-payment-fixed-return-investment-account-from-cimb-islamic-banking/#comment-233 YH Fri, 12 Oct 2007 01:58:11 +0000 http://smartconsumerbanking.com/2007/09/18/instant-fd-interest-payment-fixed-return-investment-account-from-cimb-islamic-banking/#comment-233 There are a lot of fine prints that sad to say that, banks seems to adopt a 'don't ask, don't tell' approach. If you don't ask because you don't know what to ask, than the banks won't tell you. And if you found out the real deal later and felt unhappy about it, the bank would say you should have read the terms and conditions in the first place. Keep up your saving good habit. There are a lot of fine prints that sad to say that, banks seems to adopt a ‘don’t ask, don’t tell’ approach. If you don’t ask because you don’t know what to ask, than the banks won’t tell you. And if you found out the real deal later and felt unhappy about it, the bank would say you should have read the terms and conditions in the first place. Keep up your saving good habit.

]]> By: mike http://smartconsumerbanking.com/2007/09/18/instant-fd-interest-payment-fixed-return-investment-account-from-cimb-islamic-banking/#comment-227 mike Mon, 08 Oct 2007 02:54:49 +0000 http://smartconsumerbanking.com/2007/09/18/instant-fd-interest-payment-fixed-return-investment-account-from-cimb-islamic-banking/#comment-227 thanks a lot for this info. luckily i saw this. u know in addition. i was calculating the profits Say we have RM25k principle in maybank. which pays 3.1% = RM 61+ every month profit only . with this cimb investment scheme = i get RM25 extra after maturity(RM85+). When we deduct RM 20 like u said for processing fees. i am left with RM5 profit only over maybank fd so i think it's not worth it right"? to go through the hassle of transferring all FD funds from maybank to CIMB ? thanks bro.. regards Mike thanks a lot for this info. luckily i saw this.

u know in addition. i was calculating the profits

Say we have RM25k principle in maybank. which pays 3.1% = RM 61+ every month profit only .
with this cimb investment scheme = i get RM25 extra after maturity(RM85+).
When we deduct RM 20 like u said for processing fees. i am left with RM5 profit only over maybank fd so i think it’s not worth it right”? to go through the hassle of transferring all FD funds from maybank to CIMB ?

thanks bro..
regards
Mike

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