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.

I was at a HLB branch 2 days ago and what caught my attention in their electronic display board (LCD TV) was it shown interest rate higher if the deposit amount is more than RM1m and longer duration. Next time you go HLB check it out. And currently for up to RM2m, one can enjoy 3.7% interest but need to deposit RM50K into CASA.

As for BNM actions, we just have to wait till early next month, but in the meantime you may want to read this.

Hi all, just for sharing....

I've just returned from HSBC Amanah Kota Damansara.
Took their new branch opening offers: 5% 3 month TD-i for non-premier category. 
The requirements and process seems rather straight forward.

Required the following 2 products to be openned:
1. Term Deposit-i: min RM5k, max RM50k.
2. Amanah Advance Acct-i: min RM100.
(I have highlighted about the T&C said min RM500, the teller said RM100 is enough. RM500 is for Amanah Advance Acct-i alone.). 
She said the TD-i slips will be ready when my cheque cleared. I requested her to mail it to me instead of collecting at branch.
I also requested for internet banking. It is FOC.
I was given a big golf umbrella and recycle bag as welcome gifts. 

This should be the highest FD rate for the moment. Highly recommended. 

Feel free to read a few pages back.....and you shall find out

It is for these 3 branches in KL/PJ:
1. HSBC Amanah Maluri New Branch Opening Promotion
2. HSBC Amanah City Centre New Branch Opening Promotion
3. HSBC Amanah Kota Damansara New Branch Opening Promotion
Please click the link I provided above to read more.

I have available fund of RM10K, which bank fixed deposit is giving the best rate??? Please advice, thanks!

Hi , im a student , i have no knowledge on this FD product. can you guy brief me some light information pls ?

and what is the lowest rate for the deposit ? might interest to save some money for FD

thankssss

I did it in May but I'm not sure exactly how they will know - system tracking I guess.

I didn't make any withdrawal via ATM so far but I did use the debit card and also did online fund transfer.

To All: Here's a thought, for those who are going with the OCBC Combo and wanting to maintain the Smart Saver Account forever after the promotion period.

In my Fixed Deposit Page I have highlighted that the OCBC Smart Saver minimum balance is RM20. The actual amount that we can withdraw and go play FD musical chair again need to deduct RM20. Therefore, deducting this said RM20, the  "effective" interest from the combo promo can be said to be less than 3.6% for deposit of RM10K into FD.

Interest from RM10K 3 months FD at 4.5% = RM112.50 (please note should be more since there are 92 days).
Interest from RM2K 3 months Smart Saver at 3% = RM15
Total amount that can be withdrawn = RM112.5 + RM15 - RM20 = RM107.50
Therefore approximate "effective" interest rate (assuming you are going to maintain the Smart Savers account) = RM107.5/RM12K = 0.00896 or 3.584%pa.

Like I said, this Combo plan is a good way for OCBC to Promote the Super Saver Account. Which is not too bad considering it offers 3% to those who are only going to use  their funds early in the month and need to park their funds (up to RM300K) for 2-3 weeks, but at a one time cost of RM20 until the account is closed.

Bro, as shown by MGM, the OCBC Combo is better and can earn one up to 4.25% with the Smart Savers account 3% interest rate. Moreover, HLB offer is kind of restricted with RM10K and RM50K only. To add further, unless one has HLB Junior or Senior Savings Account, the interest from HLB Savings Account is negligible.

Both these two plans requires a certain amount deposited into Savings but OCBC Combo requires a NEW Smart Savers Account whereas HLB don't need to.

My post earlier was just a thought on the requirement of minimum RM20 to be maintained at all times in a NEW Smart Savers Plan and I was merely pointing out that for minimum FD RM10K and deducting this said RM20, one only gets 3.584% to go play next round of FD musical chair. And if one was to deposit more than RM10K, the "effective" interest rates (less this RM20) increases.

Bro, as shown by MGM, the OCBC Combo is better and can earn one up to 4.25% with the Smart Savers account 3% interest rate. Moreover, HLB offer is kind of restricted with RM10K and RM50K only. To add further, unless one has HLB Junior or Senior Savings Account, the interest from HLB Savings Account is negligible.

Both these two plans requires a certain amount deposited into Savings but OCBC Combo requires a NEW Smart Savers Account whereas HLB don't need to.

My post earlier was just a thought on the requirement of minimum RM20 to be maintained at all times in a NEW Smart Savers Plan and I was merely pointing out that for minimum FD RM10K and deducting this said RM20, one only gets 3.584% to go play next round of FD musical chair. And if one was to deposit more than RM10K, the "effective" interest rates (less this RM20) increases.

Get up to RM300 cashback when you open an e$saver or SuperSalary a/c from 1 July - 31 July & meet all other conditions.

This sounds like the previous promo but with a different period but not able to find the info at the website. Anyone?

hi all ,

would like to ask opinion regarding fd and flexi home loan..
let say one home loan interest is 6.6-2.3= 4.3% interest...
with the flexi plan we 'earn' 4.3% by placing money in the current account..

Will you rather put your money in Fd for short term to get some extra 'real cash' for a 4.25% interest (OCBC combo) or would u rather put ur money in homeloan flexi acc to reduce the interest charged n more principle paid...

Current OCBC Savings Combo Promo

According to the CS (but wasn't detailed in T&Cs), one can top-up the FD amount during the campaign period, with another 20% going into the already-opened (existing) Smart Savers account.

according to the T&C, the way I interpret is one can have as many combo plan BUT the condition is need to open a NEW Savings Account.
Minimum FD RM10K Fresh Fund. Maximum you got read the T&C, I lazy go reread.

anyone tried to top up and can get the promotion?

How you guys transfer big amount money from one bank to another for fixed deposit placement purpose?

IBG has limitation and if by bank draft need 2 days clearance, then we need to go back to bank after clearance to placve FD?

Current OCBC Savings Combo

I was under the impression that the 20% of total deposit that went into SmartSavers account is 'earmarked' for 3 months. However, the RM said it isn't and this is backed up by the T&Cs which did not have such a clause.
Anyone else had the same impression?

Anybody knows if I can take out my FD from another branch? Lets say I ut FD in SS2 branch and want to take out at Uptown branch, can it be done?

Please elaborate how RM5800/month comes about?    Nett interest of 5.8% for RM1mil?  Which bank?

Most of us will be very happy indeed to get such a return..