61 months. Compared to your rate, 4.70% is nothing to shout about. Assuming that your placement & tenure are the same with me, 4.90% will earn you >$500 than me. My BR branch really  
The board rate for 60-month is 4.50% & for 61-month is 4.60%.

So, basically BoomChaCha managed to nego for an extra 0.30% for both his FD placements.

Bank Simpanan Nasional FD Promo - will end on 30 September

3 Months: 3.65%
6 Months: 3.70%
9 Months: 3.70% (same as 6 months)
12 Months: 3.95%

But need to put additional 15% of the FD fund into a saving account.
For example, if you place RM 10K FD, then you will need to put extra RM 1,500.00 into a saving account.
So, you need to prepare RM11,500.00 in total.

But I forgot to ask what is the minimum period to place extra 15% of fund into saving account.

Minimum FD amount placement is RM 10K, maximum is RM 200K

Not sure if BSN is PIDM protected..? A PIDM logo appears on the bottom of their website..

It was me..

Unfortunately this RHB FD promotion period is too short..

Thanks so much for the picture and effort...

Of course the best way is to wait for your FD to become mature then withdraw.

You cannot minimize your personal daily spending meh? For example, disconnect Astro, stop using air-cond - but use
fan instead, eat 1 to 2 meals per day (take this opportunity to lose weight), stay home to watch TV instead of going
out for shopping or dancing...

gsc usually entertains to very high tech questions like world economics, financial forecasting, currency exchange,
GDP, CPI, inflation, Dow Jones and etc.. He was probably not aware of the 10K minimum requirement.

Depends on personal preferences.

Assuming 50K for 12-month tenure with 4.11% vs 50K for 61-month tenure with 4.70%, the difference is >RM300++ per year return (only).

Is that worth the effort/hassle? Depends on individual's perspective. I have short term & long term FD combo in BR

Last year the officer of my Bank Rakyat branch told me the higher FD amount in their branch was RM 40K.

Huh?
I thought going for a 1 year FD is more troublesome than putting the money for a longer term one, since you need to be constantly on the look out for promos that offer sweet deals when your FD matures (unless you’re not that sort of person).

To all sifus sifus.

SSPN interest rate for year 2012 is 4.25% p.a. Historical rate is always more than 3.25% p.a.

Hope i help.

Need advise from the Sifus here.
I am a retiree 60+ and have been banking with Citibank for the last 30 years.
Been a Citigold member for last 20 years and have been enjoying Citibank Citigold service free as well as Visa Platinum Card annual fee waiver.
Just received a letter from Citibank that they will start charging a monthly CitiGold Service Fee of RM80 if Total Balance falls below RM200,000.
As I have been pulling out money from FD to put into other banks which pay much higher interest, my balance is now below RM200,000.
Paying Rm80 monthly for Citigold service is too steep.
I am strongly thinking of closing my Citibank account. However I stiil need a Visa Credit card for the convenience of online and occassion shopping. Which bank and what type of Visa credit card should I go for?
Any advise would be much appreciated.
Have a nice day.

Skim simpanan pendidikan national. For children account.
You better read up the withdrawal terms and conditions, very rigid.

SSPN not only for children. you can apply for yourself only you are more than 25.

yes, withdrawal seem very troublesome, but who want to do it if the rate is good and fully protected? ( not sure but, for me is ok )

TAX RELIEF is 6000. Given that you have 6000 in your SSPN account.

But why not? tax relief and nice interest rate.

I don't know this but, only after the statement come.

I have 20.00 MYR. Interest given is 0.86 MYR.

Rate = 4.25 %

Attention
Only SSPN children account is entitled for tax relief!

SSPN not only for children. you can apply for yourself only you are more than 25.

Are you means we can open SSPN for myself if my age above 25?

The SSPN can exempt for tax as well?

You need to open a saving account for RHB to credit in the interest upon mature period. Instead of saving book type account, I opened a statement based account. No saving book means I can walk in and withdraw from any branch without the need to carry a account book. I was not ask to sign for online banking. I did not take up the ATM card too as I dont want to pay for the card.
Suggest you go to Beach St branch...

Just came back after discussing for an hour with HSBC branch manager at Kepong.
Unlikely to offer me above 4% even if the deposit is 500k. Will try OCBC tomorrow.

You wouldn't get 5% with OCBC. Even with Rm1m.

One year FD with Bank Rakyat is a good idea too...and can get compound interest..