Hi guys, last week i got myself a cashier order for FD placement at Affin, the officer asked me to deposit the cashier order in a newly setup savings a/c and wait for 3 days clearance before they can proceed with the FD placement. Since it's a new joint saving a/c, the officer also asked me to pay RM10 stamp duty for Letter of Indemnity (applicable on Joint saving a/c).

Is it a normal practice in Affin? I mean need to wait for cashier order clearance in order to open a FD a/c? and Stamp duty I hav to bear the cost??

And the officer also recommended the GIA over the Conventional FD for 12-month tenure, as the Indicative rate is slightly higher @ 3.608% vs 3.6%, and partial/full withdrawal is allowed without any penalties, eg. If withdraw before maturity after 3 months, the rates given will follow the 3-month tenure indicative rate @ 3.097% p.a. Is the GIA a better deal? I m abit worried on the indicative rate as opposed to conventional fd rate.

Pls share ur thoughts. Thanks in advance!

This post has been edited by mimi1986: Jun 25 2012, 03:03 PM