Get bored with these banking step up FD interest rate. Need to shift money here and there. Just hoping come out a better rate for 12months

Just get the best 12 months rate and settle with it lor...

AmBank, RHB, Bank Rakyat, Affin Bank, Alliance Bank

Just wondering for those who placed funds in Standard Chartered in June whether anyone gotten their rebates yet?

Std Chart step-up is 12 mth. Just need to open the FD plus a saving account just one time. Effective rste is 4.01%. i just opened one last week as earlier the clsing date was 23 dec. Opened another one yesterday and I lost the receipt and checked with the bank today, bank staff said receipt not important. I can still access my balance through internet banking and get back my money when FD matures.

I have FD in another bank, if I wan to go for Step up 6% Standard Chartered, wat should I do.

I get wrong the calculation effective rate @ 3.4 only. Tmr will go open one...

Tough question indeed. But I try to make it simple for you.

Withdraw your FD in banker's chq then bring the chq to SCB then tell the bank teller you want to place FD deposit. They will do all the documentations for you.

step-up promo ends 30 Sept. Your FD from other bank mature date? If mature before 30 Sept then use the same procedure as when you first opened up the FD in other bank.

To add, if don't have an existing Current or Savings Account, then must open Just One Account. Click here to Just One Thread for more info.

Hong Leong rentas RM15, banker cheque RM 5.15. i think HL charges the highest among all the banks.

Previuosly ex-eon charged rm4 only. Now rm14
Must make sure 1 day interest loss is greater then rm14 before using Rentas.

Like I said earlier, with HLB banker cheque at RM5.15, one does not really get 3.95% with RM10K.

Got eFDs due today in my MB a/c. Opened one FD at SCB with the top up 6 % promotion.

I thought with modern advances, opening an FD should be easy and quick. This one took quite some time, lots of paper to sign.

Luckily I did a quick check as the doc I was supposed to sign for was the previous promotion at 5.88%.

Look forward to higher still FD % in Q4.

Cheerio.

Guys, a quick update that Standard Chartered will be open 10am - 3pm this Saturday & Sunday

I did not check...will call the bank to find out...thanks for the info.. Thought bank should make sure the paper work is done accurately...

Hi Sifu's,

For Bank Rakyat, we can get o.1% for referer and 0.05% for our FD. Is it for any amount placed ? The 0.05% is applicable for second, third time FD placing ?

Thanks !

Mature 25th still can put back on the same day as fresh fund. Rentas into other bank in the morning when FD mature, use personal or banker cheque to open FD (with some additional amount) in the afternoon when money rentas in the morning is available. Do your own calculation comparing Rentas cost, interest earned and banker cheque.

UOB currently introduction FD interest rate as high as 3.7 for 12 months. ( very high compare to normal 3.3-3.5)

beside, UOB also introduce a bond that interest rate is 6.0-7.0 for 3 years ( with no risk at all). there are 3% charges for the 1st time but when reached maturation date ( 3 years) the 3% charges will be refund. for me , is quite a good place for you guys to put your money if dont want any risk at all.

So what's the catch?

Hi all, just a quick update to share my closing experience on HSBC 5% new branch promo...

1. TD-i can only be uplifted one day after maturity date (for amanah).
2. It can be uplifted in any branch, no FD certs are required.
3. Banker's cheque costs RM5, IBG costs RM2, Rentas costs RM9.
4. TD-i is uplifted and credited into the Amanah Advance acct.
5. Amanah Advance acct can only be closed after TD-i uplifted.
6. Amanah Advance acct can be closed in any branch.
7. The teller processed all my 3 instructions (uplift, IBG, close acct) in single visit.
8. IBG amount can be the total of TD-i + Amanah Advance balance.
9. Fund arrived my receiving bank before 6pm the same day.
10. Bonus: they waive the IBG charge. Hence zero charges.
11. Results: solid 5% p.a. interest on 3-month tenure.
12. It is still valid for some branches, refer page#1 for details and check the TnC to see if it fits you.

Disclaimer:I do not work for HSBC, the above was my experience for sharing, your experience might vary. If in doubt, please call their call center.

For now, hopefully I can find another 5% (effective) promo...
In the meantime, the music resumes for the game...

This post has been edited by tbheng: Sep 30 2012, 09:57 AM