Well, in order to place a fixed deposit with any banks in Malaysia, you must first have either a savings or current account with them. As for the T&C for Affin Bank's fixed deposit, it is pretty much the same as all other banks. So basically, just don't withdraw the money before it matures and you will get all the interest accumulated


Correct !

Multi-Rate FD Campaign

Now you can enjoy multiple rates in a single FD tenure when you make a Fixed Deposit placement under Multi-Rate FD under Conventional scheme.

The Campaign is to reward our existing and new customers with higher interest rates in line with our 50th Anniversary celebrations.

Eligibility
Individuals/ Joint account depositors under Conventional Schemes.

Campaign Period
15 July 2010 until 14 August 2010

Minimum Placement
RM10, 000 for individual in a single certificate.

Rates Applicable
The special rates are as follows:

Tenures |Tiered |Promotional Rates
4 months |First 1 month |3.28% p.a.
Next 3 months |2.78% p.a.
6 months First 1 month |3.38% p.a.
Next 2 months |2.98% p.a.
Next 3 months |2.88% p.a.
* The rates are automatically given by system when meeting eligible criteria

Mode of Placement
Over the counter only.

URL: http://www.maybank2u.com.my/mbb_info/m2u/p.../PRO-Promotions

[quote=David83,Jul 22 2010, 06:00 PM]
Multi-Rate FD Campaign

Now you can enjoy multiple rates in a single FD tenure when you make a Fixed Deposit placement under Multi-Rate FD under Conventional scheme.

The Campaign is to reward our existing and new customers with higher interest rates in line with our 50th Anniversary celebrations.

Eligibility
Individuals/ Joint account depositors under Conventional Schemes.

Campaign Period
15 July 2010 until 14 August 2010

Minimum Placement
RM10, 000 for individual in a single certificate.

Rates Applicable
The special rates are as follows:

Tenures |Tiered |Promotional Rates
4 months |First 1 month |3.28% p.a.
Next 3 months |2.78% p.a.
6 months First 1 month |3.38% p.a.
Next 2 months |2.98% p.a.
Next 3 months |2.88% p.a.
* The rates are automatically given by system when meeting eligible criteria

Mode of Placement
Over the counter only.

Will someone please enlighten me about the above clause "Over the counter only"
Thank you in anticipation.

This post has been edited by nomen: Jul 24 2010, 03:39 PM

[quote=nomen,Jul 24 2010, 03:33 PM]
[quote=David83,Jul 22 2010, 06:00 PM]
Multi-Rate FD Campaign

Now you can enjoy multiple rates in a single FD tenure when you make a Fixed Deposit placement under Multi-Rate FD under Conventional scheme.

The Campaign is to reward our existing and new customers with higher interest rates in line with our 50th Anniversary celebrations.

Eligibility
Individuals/ Joint account depositors under Conventional Schemes.

Campaign Period
15 July 2010 until 14 August 2010

Minimum Placement
RM10, 000 for individual in a single certificate.

Rates Applicable
The special rates are as follows:

Tenures |Tiered |Promotional Rates
4 months |First 1 month |3.28% p.a.
Next 3 months |2.78% p.a.
6 months First 1 month |3.38% p.a.
Next 2 months |2.98% p.a.
Next 3 months |2.88% p.a.
* The rates are automatically given by system when meeting eligible criteria

Mode of Placement
Over the counter only.

Will someone please enlighten me about the above clause "Over the counter only"
Thank you in anticipation.

[/quote]
Meaning it's not applicable for eFD (FD placement via M2U) and in order to get this promotional multi-tiered rate, you need to create a FD at the branch (over-the-counter).

It means you can open this promo FD inside Maybank branch only.

which one better compare to the public bank FD rates promotion 4.38% for longer period?any pros n cons?

Actually the various FD promotion is somehow twist and turn or tweaking in between only.

If calculated its net, it is merely 0.05-0.2% higher only.

Not something very big as advertised like 3.xx%, 4.xx%

I agreed with cherroy. There's nothing fancy with FD.

If you're aiming for higher return, you may want to venture to other investment instrument like bonds.

Ahh, but for the banks, it works

Yes it is. A marketing tactic to draw more depositors.

If they really want more depositors, they should lower the spread between OPR and FD rates. Anyone noticed the spread is getting wider and wider. Greedy banks!

That's why they came out with "attractive" rates and schemes to "deceive" the general noob depositors.

Now HongLeong lauch the latest product which give garenteed FD rate at 13% at the first year + additional dividend + free insurans.

Anyone interested please leave your number at my inbox. If you are in penang would like to meet up to do some sharing.

This post has been edited by Davichi: Jul 24 2010, 10:18 PM

It is considered low already compared to those industrialized countries. Anyway, there wasn't much difference when then BLR was at 6.75%.


That is no fixed deposit. That is just another endowment plan.

This post has been edited by MilesAndMore: Jul 24 2010, 10:33 PM

RE: Over the counter only.
______________________________________________________________

Many thanks to 'David83' and 'MilesAndMore' for explaining to me.

Much obliged to you both !!! Thanks again.

something all the fellow forumers should know, investment banking bank like OSK-UOB offers the best FD rate so far, for years they juz keet low profile and their market mainly for big corporation. i dunnot know what is the rate after the recent OPR increased, but a month back, the rate for a year was 3.4 %. bear in mind that they prefer high end customers- min deposit is 500k, tats y their % is damn good... if u deposit more than 2mil, 3.9% a year. i knew dis bcoz my boss is banking/depositing money with them. im shocked when i fisrt heard bout dis. if more than 100mil, u can nego for better rate. but then, who has 100mil?? big corps or ultra ultra hi networth individual.
will update the latest FD rate later, once i got the info.

anne1222, thanks for your info
do bear in mind, most people who want to put their money in FD, the deposits are about 10K -200K
even 200K they place under private banking investment linked package
500K customer usualy place them under investment linked bonds etc
proof me wrong, tell me how many people you know place 500K in pure FD?

This post has been edited by aeronic: Jul 25 2010, 05:46 PM

Way too many actually. Those are the people who just want a stable side income. UBS would have told you the same too. Besides, placing your money in FD gives you the maximum liquidity.

I learned something today thanks to you.

Anyway, I went googling and here's the link for OSK FD rates
http://www.osk188.com/page.jsp?name=TreasuryDeposit#FD

thanks for the info...very interesting...