please tell me more details, what is required to get that fd? only Malay can buy it?

It's a Shariah compliant FD.
Because they rarely update their website with their latest promotions.
This "covered by PIDM" thing is quite a recent thing too. Of course our savings are all covered by PIDM for a very long time now. But with the banks stating clearly under each CASA/FD that it is covered by PIDM is a very recent thing. I still have some of my CASA/FD passbook, slips, brochure from pre-2009 and none were printed with the PIDM logo/message etc.

just called UOB and was told the additional 0.05% is on top of board rate not on promotional rate for senior citizen. however for 12 mths fd the promotional rate for senior citizen is 3.6%

---

Added on June 14, 2012, 12:37 pm

there is also another condition stated that max protection is Rm 250k. thus for those who hv more than rm 250k FD, any additional amount on top of the limit is probably more risky than Bank Rakyat

All the banks i usually bank with all require us to have a savings account with them. Which bank doesn't require us to have a savings account in order to open a FD account ?

FD:
1 month | 33.73% p.a. | ~2.765% upon maturity (minimum RM5K)
3 months | 12.91%  p.a. | ~3.175 upon maturity (minimum RM1K)
6 months | 7.81% p.a. | ~3.841 upon maturity (minimum RM1K)
9 months | 6.09% p.a. | ~4.923 upon maturity (minimum RM1K)
12 months | 5.61% p.a. (minimum RM1K)

Erm... that's the different rate for the FD if you chose InterestPlus FD. Basically if you have a lot of spare cash & you want to invest into the unit trust progressively, little by little, then you can opt for the shorter term FD. However, if you want to enter once & leave it to mature, then you can opt for the longer duration FD. Not sure if I'm answering you there.
I'm not sure if all the unit trust in the list is applicable.

Assuming you have RM10K. Since you have to invest 1:1, RM5K goes into FD & another RM5K goes into the unit trust. Since your question touches on the FD, I'll ignore the RM5K that was channeled into the unit trust.

With RM5K for FD you have a few options:

If you place it into the 1 month FD duration, you're entitled for 33.73% per annum. Since the duration is only for 1 month, 33.73% divide by 366 days in a year times 30 days in a month equals to around 2.765% of return. This means that after 1 month, you can withdraw approximately RM5138.25.

However, if you decided to go for the 3 months duration with a single deposit of RM5K, then you'll have to divide the per annum percentage by 366 before multiplying it by 90 days (12.91% / 366 * 90 = 3.175%). Once the 3 months are up, you'll gain back a total of RM5158.75.

Feel free to question me. Who knows, I might miss out some vital points here that could have caused some flaw to my calculations.

Bro, since when OCBC charge RM2.15? As of last year, prior to me having PB with OCBC, they don't charge a single sen for cheques, yes more than 1, if the cheques are in my name from a single FD receipt. Now I have Current Acct with OCBC and I'll just transfer the amount into it.

not huge difference but highlighting the difference between OCBC premier and Citi Gold

---

Added on June 21, 2012, 12:08 pm

Last month I withdrawn my FD from OCBC and add on some money from OCBC saving account, they charged RM2.15 with the cheque on my name even though I am premier  customer.

OCBC Rentas charged RM9. I cant remember which bank i went to recently charged RM7 for Rentas

Twice OCBC charged me RM2.15 for cashier's order for FD uplift. True for Ambank too. In fact, if you examine their fees & tariffs, you will not find fee-free CO even for FD uplift.

Interbank Giro
OCBC - RM2 ??

I am added on RM200, the RM should have let me know .....

Noted and updated list.
Bro, when you last withdraw?
Noted and updated list.
Next time don't add and see what happens. Or why don't you call your RM and ask why you were charged RM2 service fee whereas some are not.
So we got conflicting reports for OCBC. As for UOB, I was charged RM2.15 this month, another conflicting report and I got PB with UOB too 

gsc, if you don't mind, go check the red receipt for the UOB and see if there is a Service Fee of RM2.

So here's the updated info so far

Banker's Cheque Fee purely for FD Upliftment/Withdrawal

Affin - ?
Alliance - FREE
AmBank - RM2.15
CIMB - FREE
Citibank - RM0.15
HLB - RM5.15 (PB Customers RM0.15)
HSBC - RM5 same day or RM2 next day (no RM0.15 Stamp Duty??)
Maybank - RM5 or RM5.15?
OCBC - FREE or RM2.15 Conflicting reports.
PBB - RM2.15
RHB - RM5.15
SCB - RM2.15
UOB - RM0.15 or RM2.15 Conflicting reports.
Others - please state bank and amount.

I don't mind adding Rentas or Giro BUT will appreciate if you guys copy and post format like above and update/edit/comment the list while you guys post instead of each of you reporting individually and expect me to retype all the time.

Interbank Giro RM0.50, my RM said RM2.00...may be you are right, the RM dont know also

noted, thanks for the confirmation.

yah it was principal plus interest in my own name when I withdrew my FDs and deposited them into OCBC 6 months 3.65% last week. I must go to UOB and find out how come they charge me RM2.15  somemore 2 cheques so rugi RM4!

Bro, you after post count ar 

We are talking about FD related matter - i.e. banker's cheque fee for FD withdrawal. Not everyone has online or current account with the bank they have FD with; and therefore the fee is relevant, more so if the FD amount is a couple thousand and the promotional rate is extra 0.1%. For example, if you have deposited into a bank because it offered 0.5% extra for 3 month FD, with RM10K you only earn approximately extra RM12.5 and if the bank charge you RM5.15 for a cheque, you'll be earning less than RM8 extra!

hahaha, if RM12.5 less RM2.15 still got a free pack of fags. If I had use RM10K and extra 0.1% 3 months and fee RM5.15 for the example, then it will be negative 

hi i had a question , as i see ocbc giving 3.5% p.a for 3 month without any condition right? so if let's say i put 20k for 3 month so it's will be RM20000 x 0.291 = Rm58.2 per month x 3 = Rm174.2 ? please correct me if im wrong .

isit worth for it ? i mean to earn Rm174.2 but your money need to stuck/freeze for 3 month ..

Rm174.2 quite lowwww..

While I'm very well versed with it comes to forex, I believe babypips.com is a good place to start.
PIDM says no no to that amount.

Nothing is free of risk; it's just a matter of whether it's low or high. Even keeping the money under your pillow comes with a certain amount of risk involved.

According to our Human Resource Minister today, the government will maintain age 55 for EPF withdrawal. Click here to read The Star article. Then again this particular minister said many things about having resolved the Indonesia maid issue but always something new crops up. And this same Minister said few days ago government looking into pension scheme and no decision has been made on EPF withdrawal And below is what was quoted by him in The Star (click here to read report 3 days ago)..

“Probably before the Bill (Minimum Retirement Age Bill 2012) is tabled for second reading, EPF and my ministry will discuss this issue and hopefully we can come up with a decision that is agreeable to all,”

In matter of less than 3 days he can issue conflicting comments. First he said hopefully he and EPF can come up with decision and then today said government is maintaining the age 55. Makes me wonder who actually deciding for us and nowhere did he mention that the Cabinet made the decision he announced today.

And with our government famous for its flip flopping on policies, I understand your worries. More so  with EPF currently encouraging flexible withdrawals instead of one lump sum at age 55, it kind of indicates the direction they are heading.

So in relation to the topic of this thread (in case someone say this post is OT  ), EPF have been consistently paying better dividend rate than any FD promotion out there. So, coming back to your question, better to withdraw EPF now if you are 55? Well, I guess it depends if one needs the cash or not and/or if one thinks he/she can get better returns from his/her investment.  And of course you have to take the risk that our current Human Resource Minister will not change his tune tomorrow, hahaha.

someone may say, it is off topic again, by the way, I am not trying to get more count 

getting rm170+ is better than sitting in the saving account or current account earning nothing..

not sure is it the right place to ask, with the government intention to raise the full EPF withdrawal age to 60, is it better off to withdraw all now for those reaching 55?

who knows when come 60, government will make it only monthly withdrawal???

His concern was not on the government extending the withdrawal age, that one not much of an issue as you also pointed out EPF dividend rate far exceed FD rate. He is speculating that when one reaches age 60 in few years time, the government no longer allow lump sum withdrawal but monthly withdrawal.

Just to be sure, one question on CIMB e-FD:
Lets say, I have placed a 1 month e-FD and let it automatically renew. If i withdraw after 3 months, will i get the interest for 1 month or 3 months? Thanks.