The Sukuk 1 Malaysia fund is IN !!!!

Interest went it first... 2 hours later the capital was returned.
More funds to invest in FD !!!

Got some money available after the completion of Sukuk 1Malaysia.

With the very high personal loans at BR, MBSM etc, (see earlier thread on this), I am now thinking twice whether I should put this sukuk money in BR.

Best 12 months rate is 3.6% at Affin (exclude BR). Any better rate from other banks? I don't like like the combo (saving , investment plan etc).

Many thanks.

Just back from my FD trip!

UOB insisted to have fresh fund for the promo. The most, they can only accept 50% of the fund. So I inquired on the banker's cheque fee. The staff said it is RM2.15. So I told her about the RM0.15 and its condition. Even the manager is not aware it. RM2.15 has always been their practice. Nevertheless, she said she will give me RM0.15 for this time, haha, but being a pain, I said I will be insisting for the RM0.15 in future too so she better check with the HQ next time. I paid RM0.15 only for 4 cheques 

Then went to OCBC for 3.70% 12 months. Dealing with the officer was pleasant but got slightly mad with the staff that is issuing the cert. He kept entertaining other customers who came later and put my documents aside. After 20 mins of waiting and observing, I said I would like to speak to the manager, then only settle 

Have you done many times like this just to add some money to renew your FD?

Did Bank Rakyat send you an invitation card for this high tea?
Or they called you?

How was the food?

As to the FD, either I add RM10k into the current matured FD to get UOB's new FD promotion rate or I issue another bank's cheque and place a new FD to get the current FD rate (fund of matured FD transfer to the other bank).

I am very surprised you can add RM 10 to your current matured FD and convert it to a new FD at promotion rate..

Last time I asked UOB if I withdraw cash from matured FD, and add some new fund to it, and then to convert two
funds (cash from matured FD and new fund) to a new FD at promotion rate on the same day,  but they said cannot.

It will make our life easier if they accept minimum fresh fund + matured FD with interest for new promos

Oh..ooh..    ha..ha.. I am sorry, I missed a k...I think I need to zoom the text on my monitor..
Ok.. so we need to add additional minimum FD fresh requirement RM 10K (UOB) to convert the matured FD to new FD promo.
It is a very straight forward and smart method but provided if extra RM 10K is available.

All members must read this technique from bbgoat   

I was wondering can we do the same to OCBC FD?

Thank you so much for sharing... 

This is where the convenience of eFD comes into picture. 10k or so rolling every 1 month @ 3.00%

Can share which UOB branch is this?

Your post caught my attention. Please share more information how you land yourself the sweet deal.

50k Bank Rakyat

Yea, for 50K I can get either 4.01% or 4.11% for 12-month tenure. Depends on branch discretion.

You can get 4.25% rate by using 50K capital?

Out of curiosity, do you have any other account or business venture with BR, before the placement of your 4.25% rate FD?

May be Penang flooded with cash rich depositors. may be should try with higher deposit amount for good rates.
I got zero transaction with BR prior to this.

There is no secret recipe lah   
yeah it was a fast deal, the bank manager flipped some papers when i asked for 4.3%

then it came down to 4.23% and i mentioned i got more funds to move over if i get a good rate and finally i got 4.25%

I have a total of 6 figure amount in BR's FD, but no matter how I nego also of no use. Everytime I try to get an extra %, they rejected it straightaway. The most they offered is an extra 0.10%. Your branch in Penang is more accomodating.
Maybe that particular branch has a quota to fill.

the bank rakyat's is consider tempting...