Hi, I'm new here.. I want to ask about Step up Fixed Deposit Promotion 4.88% & 10% into CASA from RHB I don't really understand :(what is CASA?got risk? can any1 explain to me? because now I want take some money put into FD and I don't know about FD. Which 1 is Recommend 

UOB Bank - 2.9%, 2.95%, 2.95% and 3.10%
RHB Bank - 3%, 3.05%, 3.2% and 3.2%

almost same? btw I put around 1Xk for FD    any recommendation?

OH! so maximum is 6 month    thanks for answering me

UOB Bank Latest Fixed Deposit Promotion Rates for May 2012 - Minimum RM10K.

1 Month - 3.2%
3 Months Step Up - 1st and 2nd Month 3.2% and 3rd Month 4.2%. Average 3.53%
6 Month -3.5% (same as previous month's offer)

if i put 6 month then 4th month how many %?

Hey guys, i'm new in this FD kinda thing so i'm wondering if anyone can enlighten me the following:

1. I have an account with SCB's supersalary account, if i were to open up a fixed deposit account with them, do i need to transfer my balance from the supersalary account ? Or they can just consider my balance in the account ?

2. What is the formula to calculate the end of month interest(1.5 p.a) credited into the account for the SCB supersalary account ?
A lil' enlightment would b helpful

Owh thanks !
Yeah i know its lower, but i thought if the portion of money can stay in the supersalary account then mayb can earn the FD rate + supersalary (1.5% p.a) as well. But since u said its different product, then i would consider to transfer the amount to other bank wwith better FD.

Thanks alot!

BTW, don't forget M2U saver which gives 2.3% p.a.

Details: http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

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.

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

Got my Sukuk Refund(MBB) on 15/5/2012 and did GIRO(rm2) to SCB SuperSalary and CIMB MoneyMultiplier at 11am. Remitence credited in both accounts on the same day and not the next day as I was told. Effective returns from SCB promo works out to be 5.24%.

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.

is there anyone know how to get 3.75% for Premium Hybrid Current Account as below? Is it apply for existing customer?

http://www.alliancebank.com.my/depositbundle/index.html
STEP 2
 
Open a Premium Hybrid Current Account which gives you earnings up to 3.75% p.a.

U also need to maintain some money in your esaver a/c. When u open the new supersalary a/c, the consultant will calculate the amount for u.

For my case, I need to bank in few hundreds to my curr a/c since I opened the supersalary in mid May.

only your incremental AB (between June and May in your case) in your esaver account will be 'counted' for the cashback promo. Any existing balance in May will be considered as the baseline (SCB's term).

Your plan to deposit rm30020 on 1 June (cashier's order or cash only; if other types of checks, amount will only be 'counted' when the check is cleared - this is according to SCB staff i spoke to) and one withdrawal will entitle you to that rm300 cashback.

Yeah, even AmInvestment Bank's award-winning UT fund AmDynamic Bond is underperforming lately...

- 3.80% p.a. for 12 months for this promo
- current NORMAL rate for 12 months FD is 3.15% p.a.
- T&C for this promo is, u gotta place 20% of the placement amount in savings/current account and the amount will be earmarked for 90 days

E.g.

U place RM10,000 FD under this promo, enjoy promotional rate of 3.80% p.a.
U have to place another RM2,000 in your savings/current account, and the amount CANNOT BE TOUCHED for 90 days

Faham?

As for the 3.64% calculation...simple maths.
(RM10,000 x 3.80% x 3/12) / RM12,000 = 3.167% for 3 months when u have the RM2,000 earmarked
(RM10,000 x 3.80% x 9/12) = 3.80% for 9 months

Pro-rate it and u will get 3.64%...no?

Another way of calculating yield gave me 3.56% pulak...now I'm confused
But u get the idea...right?

Salah lar bos

When u place 10K FD, bank wants u to place 2K in savings/current, so total "placed" is 12K but only 10K is earning FD interest for the 1st 90 days i.e. 3 months

Means,

Month 1 to 3 u "used" 12K to earn 10K x 3.8% x 3/12 = 95, so your yield for the 1st 3 months is 3.167% p.a.
Month 4 to 12 u can take away the 2K, so u "use" 10K to earn 10K x 3.8% x 9/12 = 285, during month 4 to 12 is when u really get 3.8%

Pro-rate it...

which bank offers the highest rate for 3 months FD though? anyone knows?

Hold on..Is that suppose to be MAX or MIN deposit for RM50k? 

Hold on..Is that suppose to be MAX or MIN deposit for RM50k? 

Hi there,

a) I thought we have to sign up to be Premier Banking Member in order to get this 4% rate?
b) Is ocbc opened on weekend?
Btw, i'm new here. just wanted to know more about FD.