Revision of Deposit Rates wef 1/1/2016 by Affin Bank
http://www.affinbank.com.my/General/Whats-...Jan2016-BI.aspx

Those bal above RM20k, the int rate drop around 100 bps +/-

Still cannot beat Truesavers. Give me a call when something new in town can beat Truesavers rates. I will make the switch.

This is the third time Affin revises down its saving account interest rate this year. Other banks like OCBC & Ambank are introducing new saving accounts with high interest rate while Affin keeps cutting the interest rate. Take note that Affin interest rate is based on deposit band tier. Meaning the effective rate is lower than the one shown. Affin used to have 1 of the highest interest rate saving accounts but not anymore.

can u guys recommend me which saving account is better option for my case?
every month i reserve about rm1.3k for saving every early month, and pay about rm800 for my house loan every middle of month. this has been consistently done for two years.
now i m just putting all in my CIMB saving account which gain less interest.

I think CIMB also have online FD? If yes put there for 1 month.

If you do not withdraw the money, then put Ambank Islamic efd 1 month as you need only min rm1k for 1 month.

Every month, upon maturity uplift the FD, put again the same eFD with the interest earned + previous rm1.3k + new rm1.3k.

Do that until you have min rm5k. Then switch to Maybank Islamic efd to earn 3.25% (Ambank Islamic efd only 3.15%).

After getting rm10k, head over to FD thread and put your rm10k with all the interest earned into highest interest FD promo (FD promo requires generally rm10k)

If you need to withdraw the rm1.3k, go for Ambank truesavers.

apart from ambank and maybank, which bank eFD is good? thanks

and i just deposit to ocbc 50k.. they ask for my ic and source of money comes from..

i say 49k ok or not? they say ok without ic and fill form.. lol nowadays bank..

worse case if i withdraw from fix deposit, just gain no interest right?

Cimb need rm5k for their 1 month eFD.

From what I know bsn also let you put FD for 1 month with rm1k

That's true. But is something I don't recommend as you are not getting paid. Like me, I plan carefully. Money which I know won't be used will be put into Ambank Islamic efd. For money which I know I might use, I use Ambank truesavers. That way even though I don't earn, 3.15%, I still earn 2.8%. I do jot give banks free money.

i see
i very seldom withdraw my saving money. sometimes only 1 withdrawal within 6 months.
but maybe transfer to other bank 2-3 times per month
IBG for AmTrue is unlimited and free right?

If you know you are not going to withdraw better go with 3 months promo FD if you have rm10k. If don't have, allocate some for normal efd, the amount of money you will use fire that month into truesavers

Unlimited free IBGs with truetransect provided you have money inside truetransect.

You will get truetransect FOC when you apply for truesavers.

1st few months only.
But I guess our friend already got rm5000 to begin with.

good idea to start with!

I am a guy who will never give free money to banks. Of course I planned every step to maximise returns from the bank.

er did u do any loans from bank before?

[quote=MilesAndMore,Dec 6 2015, 12:03 AM]
you can insist not to take their atm card, to avoid the rm8.48 fee

[/quote]
OCBC savings accounts ATM card come with a one time issuance fee of RM8.48 only. In other word, there is no annual fee for OCBC ATM card.

[/quote]How are U going to withdraw cash on off-banking hours if U have no ATM card ?

Nope not yet. Still student so loan free for now. The only loan I am going to take is house loan. That one also maybe 5 years from now.

Personal loan, car loan doesn't interest me. I might be using my mother's car or public transport in the future. I have even calculated which credit card to use to earn extra money + have my own way how to avoid AF for the CC I intend to use (not about spending the min required amount for it to be waived - that's a very stupid way)

But that's OT.

Nope not yet. Still student so loan free for now. The only loan I am going to take is house loan. That one also maybe 5 years from now.

Personal loan, car loan doesn't interest me. I might be using my mother's car or public transport in the future. I have even calculated which credit card to use to earn extra money + have my own way how to avoid AF for the CC I intend to use (not about spending the min required amount for it to be waived - that's a very stupid way)

But that's OT.

got call from cimb that offer me to left min3K in account every month until end of aug to get 3% interest. it not FD but saving account..

but i could not find any where to read up. anyone encounter this?