What happens if the depositor pass away? even worse if it is e-FD where there is no paper trail?

^ Thanks. Could be a good thing to start informing my family about my e-FDs

Hi, for normal fixed deposits, you cannot top up

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Added on August 15, 2012, 3:47 pmNeed to open another one.

This post has been edited by Human Nature: Aug 15 2012, 03:47 PM

Hi, refer to the post by Gen-X. You can open multiple FD accounts.

3.75% for 12 months is the highest so far with the exception of BR. Going there this week

Min placement is RM10k. There is a full T&C at the website. Actually I wanted to go for their previous 3.65% but too busy last month. Blessing in disguise.



This post has been edited by Human Nature: Sep 2 2012, 01:38 PM

UOB teller said it is RM2.15

Bank Negara maintains OPR rate

http://www.bernama.com/bernama/v6/newsindex.php?id=692546

Hmm, SCB one is not bad, but only until 14 sept. No fund liao.

Hi, UOB is 3.75% for 12 months. Worth a look.

Any comment on the AmBank MegaFD Enhanced FD?

An insurance linked FD that divide equal amount of fund into two separate scheme:
(1) MegaFD Enhanced FD, 15 months, 4.90%
http://ambankgroup.com/en/RatesFeesCharges...mentsRates.aspx

(2) AmAssurance (forget about the insurance part, just on $ return)
https://www.amassurance.com.my/src/html/am_...d_enhanced.html

Here is the situation:
My dad went to update some FDs and was talked into this scheme. The FD portion can be uplifted after 15 months, but the AmAssurance part can only be withdrawn after 6 years for some return. As can be seen from the example, if withdrawn within 5 years, guaranteed cash value is less than the deposited amount.

What made me angry was, the bank teller did not provide full disclosure on this product and said money back guaranteed and interest for the 6 years period is 4% (which is why my dad think it is a good deal, bank teller said today last day of promo somemore).

So I checked from the website and found there is nothing on the 4% thing. So I called the manager or some officer and found out that the 4% is not guaranteed, it can range from 3-4% and he mentioned something about return in dividend(?).

I asked whether I can get terminate the whole thing and get back full amount. Initially he said cannot, only about 14,200 of the 15,000 for the AmAssurance part but finally said can.

Any comment? Thanks.

This post has been edited by Human Nature: Oct 12 2012, 10:01 PM

Oh, that one is okay since I already explain the details. But can see he is dissapointed as he thought it is a good offer. I am to be blamed coz he knows i been been active in playing musical chair lately

Yeah, thanks. I pointed out this cooling period only he said can get full amount.

Yeah got it. Luckily i am the joint acc holder. Will head over to the branch this sunday (apparently AmBank opens on sunday).

Yaya, plan to go together. Will just place the money on normal 12 months FD @ 3.25%. Funds at ambanks are for emergency cases so the rate is acceptable.

Haha, Ambank is tumpang my dad's account so very old school. Been a very loyal Ambank customer. I did a tally up of my parents FD last year and was very surprise to find a big bulk of them are in Ambank. Most in small amounts but many separate slips and dates. Only recently slowly moving some to BR and lately UOB (thanks to the info here).

Yeah, that is the trick. This one just say 4%, even handwritten for my dad but anyway lucky managed to find out earlier. So everything is good.
Dad not yet 75 but the extra insurance coverage for joint holder is new to me, thanks for sharing.

The person said they will return the full amount within 1 week but still nothing after 2 weeks. Alot of calls and alost of tai-chi and excuses. I have complaint to BNM and now pending written reply from the bank (within 2 weeks). I got a feeling that the bank is playing hard ball. Any advice? May I know what is the usual cooling period for insurance?

Thank you.

At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent.

http://www.bnm.gov.my/index.php?ch=en_pres...ac=2706&lang=en

If person A uplifts his FD and put that amount to a new FD account under person B (new customer), can get introducer fee?