Most of you put in Bank Rakyat 4.01%?

Rates
Credit Balance Interest Rate
RM2000 to RM50,000 2.10%p.a
Above RM50,000 2.30%p.a

Is the M2U Saver interest calculated daily? I've an existing MBB a/c. How to standardize both or I've to close the other one? Many transactions need to be transferred, eg. few auto-debit transactions.

Just for info.

Generally, I deposit into FDS using Bank Draft or Cheques. However, I encounter a stupid mistakes today which I would like to share.

The recent delay in Sukuk refunds(MBB) coupled with my stupidity nearly caused my cheque to bounce. In preparation for funds (sukuk) to be available in my account, I wrote a cheque ready to be deposited in FD. Once saw the fund available(after delay), immediately deposit check into FD on 15/5/12. It wasnt until I received a call from the bank, did I realised that the fund is in my savings account and I did not transfer to cheque account. 

Not only that, they transfer for me. MBB +1 

Interesting post.
MBB interbank rm2 giro to SCB and CIMB, what is the maximum daily fund transfer limit per M2U account ?

The best FD rate for 3 months tenure perhaps is HSBC.

50% of the FD will get 5%
50% of the FD will get 3.05% (HSBC's 3 months FD board rate)

Average rate is 4.025%  ---> (5% + 3.05%) = 8.05% / 2

But the drawback is: the minimum FD has to be RM 200K
This FD promo will end on 30 June 2012.

Are there any consequences, if monthly fd always take out premature, and open again? with the same bank.

so, what's your bet? rates to go up, or down?

Independence Day.. didja watch the movie...ha.hha
BNM meeting.

My first payment was based on 30 days.
Did I get short-changed?

April 25.

Thats what i thought but the PFC told me after the 6th month, the capital plus the interest will goto ur savings account. Then end of story.

which bank has the highest rate for 10k fund?

eFD Rush Campaign with M2U

Get additional returns of 0.10% on all eFD placements for tenures 2 - 11 months between 3 June - 16 June 2012 or until the campaign capping limit is reached.

Eligibility:-

1. Open to All maybank2u users
2. Minimum eFD placement : RM100,000.00
3. No Maximum limit
4. For eFD tenures : 2 - 11 months only

I find it is about strange for the calculation.
The T&C required maintain the balance throughout 180 days, but interest is counted based on 90 days?

i wanna ask something regarding...

example :

some of the banks offer 3.2% p.a for 3month

how does it calculate?

mean i get 3.2% for the 3 month or i need to stay fixed or one year?

I agree it can go either way, however looking at the present scenario with Euro having problems plus imminent local elections,  I doubt that BNM will raise rates in the near term.
P/s: I still have a copy of FD with 9.xx% pa.

Hi all, this one seems very attractive.  Anyone tried? Planning to give it a try when my current FD matured at end July.

You enjoy monthly account fee waiver if :

a. You maintain an average monthly Total Relationship Balance(TRB)* of RM20,000 or more
or:
b. Have an HSBC/HSBC Amanah home financing value of RM150,000 or more

A fee of RM10 monthly will be debited from your HSBC Amanah Advance account if:

Your average monthly Total Relationship Balance(TRB)* is below RM20,000
or:
Do not have an HSBC/HSBC Amanah home financing value of RM150,000 & above