last few years true, but after election, who knows? Wait next time MBB share drops to below RM4 again, buy, return >100% when market hot again.

if i wan to wirthdraw money from my fixed deposit, is that a must to go back to the home branch to withdraw? do they need fingerprint ? or just ic, i thought ask my sister to withdraw the money as i busy working on weekend, mine is public bank

I dont know why you all wanna put long term (1 year and above) FD at the rate of 4% or less. Becos you all want only certain 'branded' type of banks?

The lowest (1 year and above) also at least 4.2%, anything less i better put it in my kids saving account also got 3% daily interest.

Sometimes i have some in transition, i put it for 3 months while waiting to be utilised, that also can get 3.6%. And this is no promotion , it is there most of the time.
......hs or even weeks certain time, i have FD matures just in case i need them.

Ya, I also had the same thought.... Previously are more worth but nowadays I see all the promotional FD also not very high.... Recently CIMB going to lower the interest rate for the regular passbook saving account holder....

UOB never post their promos on website

Any minimum deposit for this entitlement?

Yes that is correct

UOB Bank Latest Fixed Deposit Promotion Rates - Minimum RM10K. Effective 23 July 2012 till end of August 2012

1 mth 3.25%
3 mth 3.55%
12 mth 3.65 %

For PB Customers add 0.05% to above rates.

Thanks guy for the reply. I guess I will just not be stingy with the banker's cheque fee, going to home branch will cost me more.

Looks like banks are starting to churning out new promos. 3.65% for 12 months by UOB so fars looks good with no complicated step-up terms and no CASA required, unlike OCBC and HLB. Thumbs up.

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Added on July 21, 2012, 12:46 pm
For sheapskate like me, the FOC is a thrill 

Bro, the UOB FD interest rates you reported were correct for this week (16 - 20July). But effective next week, i.e. 23rd July, UOB increasing the rates by 0.05%. I guess many must be withdrawing they money and go deposit with OCBC or HLB and as such UOB had to made some adjustments to be competitive.

So u put in a total of rm190000.
50% (rm95000) in 5%FD,
Another 50% (rm95000) is split into :
1. rm79166.67(83.3% of rm95000) @ 4.5%FD
2. rm15833.33(16.7% of rm95000, NOT 20% as u previously stated) into smartsaver@3%.

Better than previous offer which were just launched early July. Wow.

The original question from GymBoi was whether its more worth it to roll 3% 1 mth fd for 12 mth consecutively vs 12 mth 3.15% one placement. I merely correct the calculation as his calculation did not take into account compound interest.

Thanks Human Nature to clarify on behalf..

Just to clarify further, 1 mth fd rollover for 12 mths vs 12 mth one placement. Normal principle is 1 mth fd placement is better for small funds (5 - 20k) that there is a possible 50% odds that you may need to uplift it before the maturity date thereby losing the interest for the mentioned period. For me I placed it using eFD as it will be faster to uplift to savings account. For this the interest rate % doesnt really matter. Funds with a 25-35% odds (around 50 k) that maybe needed before mature date, i placed around 3 mth period. Funds higher(not needed) will be placed 12 mth FD. Usually we play musical chairs on fd placement period between 3mth - 12 mth though for retirees it will be better to placed at 60mth(read my lips BR) with interest monthly credited to savings account. My way only of course..

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Added on July 28, 2012, 10:49 am

thanks..

3% 1 mth 3.15 % 12 mth not that tough

Ideally place FD 12 mth mature every mth , but to take advantage of most promotion ie Premier Banking most of us lump up if possible so taking min sum at RM300k x 12=RM3.6million will be tough. Though some banks do offer competitive board rates, thats where I m concentrating at the moment. Butbased on my assumption that max emergency funds that is currently needed does not go more than RM20k, so quite safe. If emergency funds exceed 20k it means that there is no proper planning. 

    thank you for the summary. Bank Rakyat the "winner" with 4 out of 5 

To add to above,

Best 2 months - 5% for new CitiGold account up to RM200K  (last I checked - anyway if interested check with Citibank).

Best 3 Months - HSBC New Amanah Branch offer of 5% up to RM50K and RM100K for Advance and Premier respectively.
From the terms and conditions, it is not stated a new saving account needs to be opened unless you don't have one.

This is entirely the opposite, the officer that created the accounts told me that I must maintain the 20% of the FD amount in the saving account. To earn the 3% p.a. from the saving account monthly, I CANNOT do any withdrawal each month, if at least one withdrawal done, the interest will fall back to 0.5% p.a.

Yah lah, I had to keep reloading the page to view my blog and related info  And I want to thank you for visiting it

As for non PIDM, this was discussed previously and highlighted by cherroy that the government would not let them "wind up/collapse" without refunding back the money to the depositors (can't remember the exact words) and that's a fact as you pointed out once again above. For me, Bank Rakyat branches location not that "suitable" (must be something to do with politicians having a hand in it instead of proper studies carried out to determine convenience to customers and demographics of the area). Furthermore, they don't offer credit card that benefits me, haha.  And the joke is on those anti BN but depositing their money in a bank under the control of BN politicians (and thus in a way supporting them) to earn extra interest 

Having said above, many in this forum also got no confidence with the government with regards to their savings with EPF 

Another point to be taken into account is timing. Account holders with PIDM banks are guranteed to get their money within a short time frame. A/c holders with Non PIDM banks may eventually get their money but WHEN?

true, so better go with the World's  Strongest Bank so that that physiologically we think our money will be safer with them and can sleep better

Bro, the years after 55 will be for relaxing/enjoying/taking up hobbies that during working years that we are unable to do..

n please dont mention that high interest rates ..

If you read today news, EPF says quite a number of depositors nevermake it to age 60..

Most of us already had our chances in working life to achieved whatever we intended, at 55 its time to let go and let the younger generation have their chances in life. Its the same with politicians never learning when its time to go, get forced out more embarassing..

So far searching for bank runs, Iceland as mentioned by bro cherroy, guaranteed depositors to the full contrary to mentioned. Bro Cherroy, mind pasting the link so can read further to enhanced my understanding..of bank runs..