HSBC aside, I think for now the best FD rates has got to be Ambank with 3.9% without the credit card right?

No other banks with such high rates at the moment.

Don't talk about SCB coz their step up promo is over already, AMBANK branch is a few blocks away from my house, will consider their FD though..

Eligible Customers must place a minimum amount of RM50,000 (subject to a maximum of RM1,000,000) in fresh funds in a 6-month Step Up Fixed Deposit with SCBMB during the Promotion Period. “fresh funds” means funds in Ringgit Malaysia which do not originate from any account held with either SCBMB or SCSB.

5. Eligible Customers who fulfill the above requirements will enjoy special interest rates on the Step Up Fixed Deposit (“Step Up Rates”) as set out in Table 1 below:

5.1 The Step Up Rates will be higher in each month of the Step Up Fixed Deposit term (each month called a “Cycle”).
5.2 At the end of each Cycle, the interest earned on the Step Up Fixed Deposit in that Cycle will be credited into the Eligible Customer’s current account or savings account as nominated at the time of placement (“Nominated CASA”)
5.3 Upon maturity of the Step Up Fixed Deposit, all proceeds will be automatically credited into the Nominated CASA.
5.4 An Account Confirmation Advice will be sent to each participating Eligible Customer after placement of the Step Up Fixed Deposit, to confirm the details of the Cycles.

Table 1

Cycles

1st Cycle

2nd Cycle

3rd Cycle

4th Cycle

5th Cycle

6th Cycle

Step Up Rates

3.25%p.a.

3.50%p.a.

3.75%p.a.

4.00%p.a.

4.50%p.a.

5.00%p.a.

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.

Yea, 3.85% is good for 6 mths, it would be awesome if can get the 4%
there's a KFH near gurney area, starbucks there....ill go check it out soon

yup, so can only go for the 3.85% , last time CIMB had a similar advanced profit FD, if not mistaken only for 3 mths....with minimum deposit of 10k.....somewhere in 2007...that time this concept is new and the response was pretty good. Can collect in the form of cash, banker's cheque, draft or transfer to other CIMB bank.

Now is KFH's turn...

Hi, I calculated after 3 mths, with the 1% extra, can get RM 98.75. *own calculation, dun noe is right or wrong *

After the 3 mths over, can go withdraw the money and tutup the savings acc as I have too many already....

This post has been edited by lipton tea: Jul 3 2012, 12:52 PM

hi, i plan to go ocbc tmw to deposit for the fd plus savings combo.......can i give them cash in hand or do i have to prepare banker's cheque from other banks as my savings is with other banks. For the step up SCB FD that i signed up 2 mths ago, they do not accept cash. So much hassle that time, I had to go to 2 diff banks to buy the banker's cheque. Maybank's @.@ (RM 5), Alliance ( RM 2.15)

Was wondering if the same applies to OCBC for this promo?