For those of you don't want the hassle to go open new account at OCBC our UOB, here is Maybank Fixed Deposit Promo until 16 May 2012. Minimum Fresh fund RM20K for individual. Promo also good if one is not sure if they can tie down their fund for 6 months.



For more FD promotions April to May, please visit my Fixed Deposit Page at my blog.

What if the government goes bankrupt? That is what one of our minister predicts.

Use tax payer's money to bail out a bank because of poor management? Well, good reason to have Bersih V8.8 and the end of BN for sure. Today's educated rakyat is different from last decade.

This post has been edited by Gen-X: Apr 29 2012, 04:23 PM

You last statement, which i understand where you are coming from. Got no "choice", sounds like you accept (not necessary agree) that the government should bail out the banks (as others here too). And should the government once again pump in money into financial institutions when the same institutions are once again "poorly" (up to your imagination what this means) managed like the one mentioned in this thread offering high interest rates?

To add, why should tax payers "repay" those "greedy" people wanting to deposit in those institutions for a little bit more interest (instead with those where their funds are insured under PIDM) in the first place,

cherroy, above OT, please delete this post if not appropriate.

This post has been edited by Gen-X: Apr 30 2012, 06:51 PM

UOB Bank Fixed Deposit Rates Promotion May 2012, as usual minimum RM10K Fresh Funds.

1 Month - 3.2%

3 Months Step Up FD - 1st and 2nd Month 3.2% and 3rd Month 4.2%. Average 3.53% (Better than OCBC)

6 Month -3.5% (same as previous month's offer)

To see more FD promos, please read 1st post or click here to my Fixed Deposit Page at my blog

To see previous promos, read 2nd post of this thread.

Bro, do update us more on the T&C besides what mentioned by ronnie and when do you actually get the cash back (or is the cash back the so call 1% for RM30K deposit and you get nothing extra if you deposit more than RM30K?).

hahaha, wouldn't it be great if the banks have to refer to post#1 where we set the minimum rates for them to follow.


So how much have you deposited with Bank Rakyat The "best" currently for RM30K is being offered by StandChart Savings Account. But you better read the previous posts on the T&C.

I guess you don't take the trouble to read other people's informative posts. Like I said, go read previous posts in last 2 pages.

Yah HLB Junior Savings account rate is pretty good. Needed to park my funds for 3 weeks so deposited into my children's HLB Savings Account (interest of 2.9% good for up to RM50K only) where the interest is credited end of each month and we can withdraw once a month without any cost.

This post has been edited by Gen-X: May 13 2012, 04:40 PM

I still have kids below 18 for next few years and hopefully by the time the youngest turns 18, I have grandchildren, hahaha. Yes, grandpa can have joint account with junior and open a Junior FD Account (need some documentation to proof relationship).

Yah, once the kid is above 18, the savings account is converted into normal account and earn miserable interest. But, the Junior FD interest rate is locked until maturity if the funds were deposited into Junior FD before the kid turns 18. One of my daughters will be turning 18 this year but her Junior FD will continue to earn 5% interest until 2014 (interest credited monthly into the savings account) where I deposited the money back in October 2010 when they had the 5% promotion Last year's promotion was 4.5% for shorter duration.

And with Ex-EON bank now also HLB Bank, I can walk into any Ex-Eon Bank and withdraw money (no limit) from their savings account too

well, actually it should be my father was lucky he took my advice last year and did open a joint account with one of my kid and has been earning 4.5% interest (credited monthly and earning 2.9% if he don't withdraw it) because HLB was not even offering senior citizens that much interest last year.

Alliance bank is offering FREE gifts for FD currently but there is no 5% FD promo. Maybe he's talking about bonds as Alliance is actively promoting it.

wah, apply credit card higher rate at 4%, this bank is really good

Thanks for the info, updated 1st post.

This post has been edited by Gen-X: May 15 2012, 08:38 PM

Well, initially I called their general line and always ended up with "press # to return to menu"

So called their Priority Banking CS and service was excellent. The guy confirmed what gchowyh mentioned - 3.9% for 12 months FD and if apply credit card 4%. As for Priority Banking, can just walk into any branch.

Deposit RM200K at any branch today and one will be entitled to PB status but no free coffee But to get their VI or WMC credit cards need income of more than RM200K p.a.

yah, when I checked earlier today, no links, that's why I called them to reconfirm. However, after the CS told me one will get 4% FD when one applies for their credit card, I was more interested in how to get their Visa Infinite/World MasterCard and was too disappointed to talk to him further after knowing that I cannot qualify for the cards, hahaha.

You call AmBank lah and let us know.

This post has been edited by Gen-X: May 16 2012, 11:57 PM

Thank you. The Promo is now shown in AmBank group website.

http://www.ambankgroup.com/en/Promotions/D...RateFD2012.aspx



Some of the T&C:

The eligible interest / expected profit rate payment shall only be credited into the Eligible Customer’s Current or Savings Account upon maturity of such Fixed Deposit / Term Deposit.

The Fixed Deposit Promotional Interest / Term Deposit Promotional Expected Profit Rate of 4.00%p.a. shall only be accorded for a deposit placement on a maximum of RM200,000.00 for each Eligible Customer. Any Fixed Deposit / Term Deposit placement exceeding the aforesaid maximum amount(s) shall only enjoy 3.90%p.a. The Bank reserves the right, upon giving adequate notice to vary the said maximum amount during the Campaign Period.

The additional of 0.10%p.a and RM 50 cash reward are subjected to a minimum spending of RM350.00 for Gold Card and RM500.00 for Signature and Platinum Cards within two (2) months from the card’s approval date.

Top Rate FD Terms and Conditions

This promo is a trap - HSBC usually only offers "special" promo rates to NEW Premier Banking Customers. After the promo, PB customers will get board rates only and not eligible for future "pure FD" promos. And if your AUM is below RM200K, they will impose penalty. Anyway, for those who go sign up for HSBC Premier Banking to be eligible for 3 months FD promo with HSBC, think twice before signing up for their FREE HSBC Premier World MasterCard or you may just end up paying the RM50 GST for nothing.

Well, if you can earn more than enough to cover the time (yah, this is extremely important, e.g. it will take more than 1 hour to open a new Citibank account), parking, petrol and other related miscellaneous cost, why not?

E.g. Most banks currently offer 3.15% for 12 months FD. Lets's say you got RM100K to deposit into FD. If you can get 4% interest, that's additional RM850/year.

This post has been edited by Gen-X: May 18 2012, 09:49 AM

Bro, you got to go to Premier Banking and then click on Latest Promotions. Anyway, for your easy reference, click below:

http://www.hsbc.com.my/1/PA_ES_Content_Mgm...d_5pc_promo.pdf


IF you currently do not have a Savings or Current Account, then YES you need to open one. As for the amount, you can always go to AmBank website to check but I think RM20 should do it.

As for the credit card, you don't have to sign up for one. If you read the terms and conditions, those who do not sign up for credit card will enjoy 3.9% interest rate for 12 months with minimum fresh deposit of RM10K.

Hi guys I just got back and called UOB to check any offers and the guy on the phone did not mention above but instead told me that they have promo for Senior at 3.6% 12 months and another offer for PB customers if their birthday falls in June . I will drop by UOB later to confirm as I have couple FD matured last week. But I guess will just transfer the funds to OCBC since their FD offer expiring end of the month.

Too bad missed last week OCBC Mighty Saver promo.

Alliance Bank got promo 50:50 ratio 4% FD and Unit Trust.

Guys, check this one out, 3.85% for 6, 12 and 24 month tenure. Kuwait Finance House Promo.



This post has been edited by Gen-X: Jun 11 2012, 01:35 PM

Went to UOB today and would like to reconfirm that the May FD 1, 3 and 6 months Promo extended till end of June 2012.

Thanks for the info, updated 1st post.

Other Foreign Banks that also lowered the 12 months FD rate in the last two months were OCBC and SCB. Surprisingly HSBC sitll maintaining their 12 months rate at 3.15%

This post has been edited by Gen-X: Jun 19 2012, 02:01 PM