That's right. Unless MBB says cheque clearance is not consider as withdrawals. Which I doubt so.

From memory, I think when one withdraws an FD before its maturity date, whether one gets no interest or a partial interest depends on the duration the FD has been active.

E.g., a 1 year FD at 4% p.a., one withdraws it after 8 months, I think one is still entitled to y% x principal x 8/12 where y will be less than 4.

Of course, we want the full interest but in case one needs to terminate it before the maturity date, check this partial interest with the bank and hopefully one will get some $$ interest.

My 2 cents.

maybank FD 4.4% promotion end so fast,i went to bukit raja maybank to enquiry,last week on Tuesday,30October.

Maybank FD promos always ends earlier and I think the reason is because it is also opened to companies and as such the targeted deposit amount is reached quicker.

No. It was revised to 3.6% and ended in Oct 31. Don't think there'll be any new promotions until the next Bank Negara Monetary meeting on the 8th.

UOB 12mth FD 3.7% until mid of December

asking all experts.

if i'm gonna save RM500 a month, and i won't touch the money.

should i save in fd or savings account?

which bank will you recommend?

thanks.

Hi guys, new promo.

I had gone for MBB PMA promo, so will skip this one.





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For your case Bank Rakyat Qiradh General Investment Account-i - Similar to Fixed Deposit

Max RM100K and RM10K for NEW Premier and Advance Customers only, which means the other half going to earn one of the lowest board rates in town.

Moreover, opening HSBC Premier account to play FD Musical Chair is a waste time. You have to maintain RM200K at all times or else you have to pay monthly penalty fee AND HSBC FD promos always for new Customers only. Which means they do not offer promos to existing customers with Fresh Funds. So after the promo, your RM200K is going to earn you less by RM1K at the very least every year. If compare to BR's 12 month's rate, that's RM2K every year!

This post has been edited by Gen-X: Nov 5 2012, 01:55 PM

So far, I notice for HSBC, it is better to be an Advance customer instead of Premier customer (in term of FD returns).
Anyway, the effective rate for this round is ~ 3.85% p.a. Not so attractive.

This post has been edited by tbheng: Nov 5 2012, 02:06 PM

Just saw advertisement in newspaper by MBSB - 4.75%* pa for 5 years.

Anyone any comment?

http://www.mbsb.com.my/promotions.html

This post has been edited by soul2soul: Nov 5 2012, 04:21 PM

Bro, click here to FD V2 Thread and do a search on MBSB and you can read our previous comments on MBSB.

To All, posted below at CC section, maybe some of you here can also benefit from my story

I wanted to open a Maybank Basic Savings Account which earns nominal interest rates but was recommended against doing so. Instead the Maybank Exec recommended that I opened a Normal Savings Account for my purpose of linking all my Maybank Credit Cards to it in order for me to make payments online via Maybank2U. It seems that the Maybank Basic Savings Account cannot be linked to my Maybank Credit Cards at M2U

For those of you who uses Maybank2U to pay your credit card bills, utilities bills, Local Council Assessments/Taxes and etc, you should look into getting the Maybank2U Savers Account (if you have not) because it earns you interest daily and credited into the account monthly.

Click below link to read my story of My New Maybankard Platinum MasterCard Debit Card and Maybank2U Savers. And maybe you can earn some extra money after reading it

My Maybankard Platinum Debit Card for My Maybank Credit Cards and Maybank2U Savers

This post has been edited by Gen-X: Nov 5 2012, 04:56 PM

Dont quite understand why split rm400k into two accounts?
If the husband or wife open the account with full rm400k, he or she will enjoy the 5% promo rate. After three months, husband or wife opened another joint account using the same RM 400k. Wont it be better off?

Just now opened joint premier account. Three products are required, smart saver and easi-save are considered as same category of saving account. Thus a person cant have the combination of FD, smart saver and saving account to be considered as three products. Instead a person can open islamic saving account which is considered as different catergory from smart saver.

Combination of FD, smart saver (rm20 to open account) and islamic saving account (also another rm20 to open account). The islamic FD which offered at 4% earlier is no longer available.

A travelling bag is given as a gift. The quality of the bag is not that good compared to last time when I got it from Hong Leong bank - a polo travelling bag with wheels

Bro, you are right, the Advance offer of up to RM50K deposit to earn 5% is better.

I just finish burning up some of my brain cells trying to figure out this HSBC 5% Term Deposit-i Drive Promotions for Premier Account holders.

One of the condition is that we must deposit 30% into Premier Account-i or Advance Account-i which pays miserable interest rate.

Click on link below to read my article on the HSBC Deposit Drive Promo where I touched on the T&C and calculated that the maximum effective interest rate for Premier Account is only 3.627%!!!

HSBC 5% Term Deposit i Promotion Until 18 January 2013

Bro, read carefully, the example was for promo good for RM200K only. And Unless you can read the future, how you know you will be getting 5% after the promo ends?

This post has been edited by Gen-X: Nov 5 2012, 08:13 PM

It is true nobody can guarantee the promote rate will continue forever...

The Maybank Exec is only half-true.....
I had a Kawanku Savings Account (aka normal type) which is linked to CC + other Maybank CASA...with logon ABC (with Kawanku as Primary Account to link M2U)
When I open the Maybank Basic Savings Account, this account had to become the Primary Account link to M2U.
Thus I asked Maybank (at the same time) to link all "other accounts : CASA + CC" to my new M2U logon DEF.
A new ATM Debit Card was issued (my old card's EMV chip was rusty) @ RM12

Oh, really?
I have 2 m2u logon now...
Since I got so many acct link to my old m2u, din bother to ask them to relink...any mistake will cause me high blood pressure...
So my BSA just sitting there alone.
Kinda stupid to do 3rd party transfer to ownself.

I read about it but I want to know if anyone has put their money in MBSB before? How does it work?

Do they accept banker's cheque?
How do we withdraw FD from MBSB? Do they issue a cheque? Is the cheque accepted by other banks ? Any charges for their Cheque? How many days to clear?

Which bank offer highest FD rate so far? OCBC is it? think is 3.20% PA for 7 months.

UOB Fixed Deposit Promo (until 14-Dec-2012)
3.5% p.a. for 3 months
3.7% p.a. for 12 months

Minimum Amount : RM5,000
Maximum Amount : RM5,000,000

This post has been edited by ronnie: Nov 6 2012, 10:03 PM