Was told by Affin you don't have to deposit the one million ringgit all at one go in order to enjoy the 3.7% promo rate.  Their normal savings rates, depending on the type of account, increase and decrease according to amount of balance you have in your account - http://www.affinbank.com.my/rates/ratesislamic.htm.  Now they are offering +0.33% to their normal rates.

For example, if you open a savings account now with RM100,000 you wil get 2.85% + 0.33 = 3.18% pa from 5 Feb to 31 Mar provided you did not withdraw anything from the account during that period.  However, since this is a savings account you are allowed to withdraw any amount anytime you like.  Let's say you decide to withdraw RM1000 tomorrow. The balance in your account will drop to RM99,000 and you will get 2.80%+0.33%=3.13% pa from 6Feb to 31 Mar.  So, you will have earned the 3.18% for only one day.

Conversely, if tomorrow you decide that you want to deposit another Rm900,000 into your account, which means your balance is now RM1 million, you will get 3.38%+0.33%=3.71%pa from 6Feb to 31 Mar provided,again, you did not withdraw any amount from the account until 1 Apr.

Thus, depending on how much you withdraw and deposit, your interest rate will flactuate according to the amount of your balance at the end of each day. Bear in mind that interest is calculated on daily rest.

I am familiar with Affin because I have an account with them and their service, at least in my branch, is superb.  They put the other banks RM to shame.  Even though I am not a PB customer, they constantly update me via phone on my account status and even give me a shopping voucher, dairies and umbrellas and even a CNY hamper without my asking for them! Their staff are so accessible and best of all, their CASA account earns relatively high interest and is a very flexible and convenient place for me to park my money while waiting for the music to start again in musical chair game 

Contacted BR branch at my location and found out that they have distributed the CNY gifts for FD holders. I asked why they missed me out this year and the officer said will call me back. Until now no news, called them back again but given the run-around. I am so going to contact the branch manager if i didnt get any follow up call 

up north over here it is also abit late this year, i just got the hamper today, not as good as last year's though. LAst year i rememeber it was worth RM200+ as displayed at EU Yan Sang .

Looking from the packaging outside -  Health Care energy Snack- Oat germ Cracker, Biogreen organic  raisins, Natural selected wild honey, organic soya bean powder?, organic cookies, Ten multigrains from careline organic..

Other banks giving CNY hampers?? I have savings with HLB, AMbank, MBSB aboutthe same, but never received anything for CNY.

MBSB give free gifts for FD deposit yes. Ambank and HLB nothing at all.

Thank you so much for the crystal clear information. 
If you are a lecturer, all your students will score A+ results.

I have a thought that this Affin FD promo is good for preparing next OCBC Bonus Saver since
we can place Affin FD anytime now and it will expire on the end of the month (end of March).

I think it is better to place OCBC's Bonus Saver during the first day of the month, so that
we can withdraw FD and the fund from Smart Saver together on the same day.

Glad that you find it helpful and I have not confused you further.

Ya, we can treat Affin's current promo as an FD promo if we want go fully benefit from the additional interst rate.  But the beauty Affin's promo is that it is a promo for Savings and CASA accounts.  We are not penalised if we withdraw from the account should a better promo from other banks becomes available at any time!

Yes, your info is definitely helpful. Thank you 

Unfortunately, this CASA promo duration is too short.

If this CASA promo from Affin is always available, then Smart Saver is no loner needed..

The Affin promo actually started on 1st Jan.  So, in effect it is like a 3 months promo.  if you are looking at a 3 mths FD and not the flexibility of having your funds not being tied up to the terms and conditions of conventional FD, then the OCBC promo is about the best around.  Of course, the restrictions of the Smart Savers is a bit of a bummer but it is still tolerable

The Affin account, even without the  promo, is good if you need your money for some short-term projects and you do not know exactly when or how much is needed.  I treat it as a revolving account and I don't normally park extremely large amount in it unless there is a need.  That's why I am impressed with Affin Bank - even when I have RM5000 balance ( which is most of the time) in the account, they still provide me full service with a smile.

up north over here it is also abit late this year, i just got the hamper today, not as good as last year's though. LAst year i rememeber it was worth RM200+ as displayed at EU Yan Sang .

Looking from the packaging outside -  Health Care energy Snack- Oat germ Cracker, Biogreen organic  raisins, Natural selected wild honey, organic soya bean powder?, organic cookies, Ten multigrains from careline organic..

Other banks giving CNY hampers?? I have savings with HLB, AMbank, MBSB aboutthe same, but never received anything for CNY.

MBSB give free gifts for FD deposit yes. Ambank and HLB nothing at all.

The Affin Bank example I gave is based on the Affin GOLD-i which is available those who are 50yrs and above.

OCBC new promo.

5.5% pa for 3 months.  But only 50% of funds can put into this FD.

The balance of the 50% can put into bonus saver, 4.5% pa, premier gold acc.  And must buy one non deposit product, you can put 5% of your funds in DCi. 

Lets say you have 2 million cash.  1,000,000 in 5.5% pa FD.  600k in 4.5% FD, 300k in premier gold 3% pa, 100k DCi, assume you get 4% imterest rate,  You will get 23750 interest, or 4.75% pa

This is the highest short term FD combo.

The other one is bonus saver, 4.5% pa.

Just took my wife to open the accounts in OCBC as suggested above (with lesser amounts but in the same proportions).
Except I bought 1k unit trust for the nondeposit product.
Average interest about 4.72%.
I think this is the best deal now available.
Also got a travel bag as free gift.

Was told by Affin you don't have to deposit the one million ringgit all at one go in order to enjoy the 3.7% promo rate.  Their normal savings rates, depending on the type of account, increase and decrease according to amount of balance you have in your account - http://www.affinbank.com.my/rates/ratesislamic.htm.  Now they are offering +0.33% to their normal rates.

For example, if you open a savings account now with RM100,000 you wil get 2.85% + 0.33 = 3.18% pa from 5 Feb to 31 Mar provided you did not withdraw anything from the account during that period.  However, since this is a savings account you are allowed to withdraw any amount anytime you like.  Let's say you decide to withdraw RM1000 tomorrow. The balance in your account will drop to RM99,000 and you will get 2.80%+0.33%=3.13% pa from 6Feb to 31 Mar.  So, you will have earned the 3.18% for only one day.

Conversely, if tomorrow you decide that you want to deposit another Rm900,000 into your account, which means your balance is now RM1 million, you will get 3.38%+0.33%=3.71%pa from 6Feb to 31 Mar provided,again, you did not withdraw any amount from the account until 1 Apr.

Thus, depending on how much you withdraw and deposit, your interest rate will flactuate according to the amount of your balance at the end of each day. Bear in mind that interest is calculated on daily rest.

I am familiar with Affin because I have an account with them and their service, at least in my branch, is superb.  They put the other banks RM to shame.  Even though I am not a PB customer, they constantly update me via phone on my account status and even give me a shopping voucher, dairies and umbrellas and even a CNY hamper without my asking for them! Their staff are so accessible and best of all, their CASA account earns relatively high interest and is a very flexible and convenient place for me to park my money while waiting for the music to start again in musical chair game 

I just found out the drawback for this Affin CASA promotion is that it needs to top-up minimum
RM 20K for the following months during the promotion period:

http://www.affinbank.com.my/news/campaign/...eFortune-EN.pdf

I just found out the drawback for this Affin CASA promotion is that it needs to top-up minimum
RM 20K for the following months during the promotion period:

http://www.affinbank.com.my/news/campaign/...eFortune-EN.pdf

We definately are using a different Affin bank branch.  Mine ... never call me before, never receive any free gifts ... eventhough $$$ in saving account qualifies for PB.  Only reason for doing business in Affin bank is because .. no need to queue.    Will move $$$ after CNY ...

Mine is in Penang, Jalan Tengah.

I just found out the drawback for this Affin CASA promotion is that it needs to top-up minimum
RM 20K for the following months during the promotion period:

http://www.affinbank.com.my/news/campaign/...eFortune-EN.pdf

Affin Bank charged Rm 10 stamp duty just for a joint name saving account..

For a single name in saving account, then it is free....