From RHB...
12 months @ 3.65%
24 months @ 3.75%
http://www.rhb.com.my/Whats_New/deposits/l...posit/main.html

So the current best rate is BSN @ 3.35% ??   

hi,
Today i went to hong leong bank to renew my FD.The staff there told me that if i have new fund to put into fd for 1 year,the rate is 3.8.
What does new fund means?   Lets say i withdraw the existing fd then 1 week later i deposit back.Does this count as new fund?

Just dropped by Hong Leong today to confirm the above.

its valid till Nov 30 2011.

Minimum 10K, Non Flexi account.

i saw it in newspaper.
3month 3.45%
9month 3.6%
12month 3.8%p.a
min 10k.

When FD matured take out the money from one counter and bank in trhu another counter, then it is considered as fresh funds. Did that early Sept.

For FD promo rate, your method whether can work or not is depending on the bank (use strict bank policy or flexible personal relationship).
Fresh fund means a check from a different bank.

Based on your story, apparently your bank did not require fresh fund for the promo rate; or perhaps your bank did it flexible for you.

For UOB FD promo rate, UOB wants fresh fund only, strictly no negotiable for existing fund.

I went to Hong Leong Bank hoping to get the 3.8% promotion.

However, initially I was told there was no such promotion. Then later after insisting there is, the officer told me that there is additional conditions where you need to open a current account which had fees incurred too & you have to keep a balance in it.

So my best advise is to go for Affin Bank since you can open a FD account without having to open any other accounts first.

Yes, you will need to open a Flexi FD account (it is a current / checking account), if you do not need to
use cheque from Hong Leong bank, just tell Hong Leong Bank you do not need cheque.

Then you just need to deposit RM 10.00 to open and maintain a Flexi FD account, so that the 3.8%
interest will deposit  into your Flexi FD account.

The whole process is very simple.

I think Junior account is more hassle free and got highest 4.5% FD rates

after 6 month check this forum coz other banks may give a better rate ...

even if the interest rate does not go up next year, there are still banks offer promotion rate like in this year...example

2010
Am 50 promote rate better than most banks

2011
Citi -step up rate (so far the best rate, promotion over)
RHB
EON
UOB (2nd best for now)
OCBC (only for I think 5 working days promotion but twice)
HLB (the best rate for now)

Other banks which give slightly higher than most bank are Affin and BSN....

In short, there will be one or two banks offer better than normal bank rate

If you deposit RM5000 on 1 Oct 2011, do we get 5% p.a. Interest Payout on these dates 1 Nov 2011, 1 Dec 2011 and 1 Jan 2011 ?

Standard Chartered once offered 5% interest for their e$aver account too before the 2008 credit crunch. Just like this one, it was just a limited time promotion. The interest earned is credited into your account on a monthly basis and as far as i am concerned, they will not waive the e$aver debit MasterCard annual fee for you.

The T&C for the SCB 5% p.a. offer is at http://www.standardchartered.com.my/person...rpromo/tnc.html

I asked the Bank Officer
1. we DO NOT NEED to get the ATM Debit Card
2. we need to top-up at least RM3000 per month (Nov & Dec) to be eligible for further 5% Bonus Payment in those months (Nov & Dec)
3. Better to open the eSaver account on 1 Oct 2011
4. The Bonus Payment is paid to your eSaver, after 3-5 working days after each month-end.

But come 1 Nov 2011, won't your account becomes "Existing Customer" from "New-to-Bank Customer" ?

NOtes regarding HLB Junior FD & savings

1. If you go to a different branch to open (from your existing account), u need to REOPEN a new SAVINGS account for this promo because their system cannot interlink with your old existing account becoz the savings acc is the one that generate a FD account for you.

2. Make sure you go to a HLB branch and not a Previously a EONBANK branch. They can only credit the interest semi-annually instead of monthly.  Before that i was asking the staff how come since my existing one is giving me interest monthly, but he kept saying the rules changed for this promo. Lucky for me the branch manager inform me becoz she felt bad and didnt want me to complain before i successfully open the account. She says their system not updated yet....proly in a year's time!

3. BRING your kid's birthcert eventhough you already have an existing account!! They will not accept just MYKID eventhough their leftlet says so! (just incase la...i think different branches diff policy but this thing just made me waste my time going twice!)

I added another Junior FD account (linked to same Junior Savings Account) at the same branch on 29 Sep 2011, and gets the interest MONTHLY into the Junior Savings Account.
Today just added another Junior FD account (linked to same Junior Savings Account). I hope it still pays monthly interests.
I will report back in one month's time.

awah which branch no need kid and birthcert?

let say i deposit rm3k, for three month i will only get rm37++ rite? izzit consider high compared to other bank?

just opened the SCB eSaver to take advantage of the 5% p.a. Offer. The food at Puchong branch is so-so only.

as long as you don't touch money deposited within Oct to Dec, you will get 5% similar to FD.
The ATM debit card is OPTIONAL.

SCB Puchong branch wont take big cash deposit, as lack of security. All SCB will open every Sat for these promo.

The eSaver account Bonus Payments rate = 5% p.a. – effective interest rate p.a. on that account

If your balance < RM100k, the effective interest rate is 0.6%
Bonus Payment rate = 4.4%

It's not 0.6% + 5% .... Beware !!!! 

Currently I have a saadiq$aver-i, does it mean I can participate this 5% promo without open any new account?

Not right.
19th to 31st Oct = 13 days

19 Oct Day-End Balance : RM0.00
20 Oct Day-End Balance : RM0.00
21 Oct Day-End Balance : RM10000.00
22 Oct Day-End Balance : RM10000.00
23 Oct Day-End Balance : RM10000.00
24 Oct Day-End Balance : RM10000.00
25 Oct Day-End Balance : RM10000.00
26 Oct Day-End Balance : RM10000.00
27 Oct Day-End Balance : RM10000.00
28 Oct Day-End Balance : RM10000.00
29 Oct Day-End Balance : RM10000.00
30 Oct Day-End Balance : RM10000.00
31 Oct Day-End Balance : RM10000.00

Total Day-End Balance from 19-31 Oct = RM110000
ADB = RM110000 / 13 days = RM8461.54

http://www.standardchartered.com.my/person...rpromo/tnc.html

6.1
“ADB” means the average daily balance in an account or accounts in a calendar month. ADB is calculated as follows:
  For accounts opened in October 2011

ADB in October = Total of day-end balances in the account from account opening
date to end of October
Number of days for which the account was open in October

ADB in November or December = Total of day-end balances in the account every day in that month
Number of days in that month
  Example
 
Ms B opens her account on 22 October 2011. The total of day-end balances in her account in October 2011 is RM150,000. Ms B's account has been open for 10 days in October 2011. The ADB in that account forOctober 2011 = RM150000] / 10 days = RM15000.
For November 2011, the total of day-end balances in that account is RM200,000. There are 30 days in November. The ADB in that account for November 2011 = RM200,000 / 30 days = RM6,666.66
8.2 To be eligible for Bonus Payments in any month of the Bonus Period:
 
(a) a New Customer must have an ADB of at least RM3,000 in their Promotion Accounts during the Promotion Period. Customers who do not satisfy that minimum ADB criteria will not be eligible for any Bonus Payments in that account even if they achieve a higher ADB in later months; and
(b) the ADB in the Promotion Account in that month must also be at least RM3,000.[

Maybank E-FD is good because you can uplift at the day of maturity.