First no is because banks don't allow cash contra (No actual cash change hand at the counter) as fresh fund.
2nd big big no is because if you are withdrawing cash, you expose yourself into unnecessary risks. you don't want to count substantial amount of cash at the bank counter, holding cash in the banking hall waiting for queue no, FD usually not a small amount.

Yeah, I've learnt that it's not worth the risk carrying large amount of cash around in order to save transaction money or other related purposes.
You never know when ugly incidents strike... then you'll regret for being petty in exchange for safety.

i want to ask a silly question. my fd expire at 6th of May, if i take out the money onthat day, do i get interest? o i need to take out at 7th of May?

you say that BR is linked with government institute. government mean what? BN or PKR/DAP/PAS? if the government changes, will it effect the BR?

take out on 6 may

Just added some funds to the HLB Junior FD (12-month @ 3.85%, with roll-over 12-month @ 3.95%).

Withdraw cash at 26-Apr and "reinvest the same amount" today.... No issues.

they didn't insist you do a 8 or 10% fresh fund top up?

Why do I need to top-up that amount... I purposely wanted to test.
I did re-issue a cheque rather than cash for the FD placement.

misread, my bad...

if u had taken cash and write check again, it works then.

i was told can transfer any amount from one a/c, say savings, direct into any fd a/c with top up 8% (or maybe 10%?) fresh funds.

This is my experience with RHB, I told the cashier I want to move all my FD amount to other bank, she told me to stay and will gao tim the fresh fund issue for me. She uplift my FD in counter 1, I pump in another 10K cash + FD amount in counter 2. That's it, get to enjoy the 3.88% promotion again. Basically u just need to give her ur FD cert and cash, they will settle for you.

I believe some bank staffs do help the customers to go around the fresh fund policy when they are behind deposit target. Actually, fresh fund or not it is entirely up to the discretion of the bank. Sometimes you can get around it but sometimes the staff just can't help but to adhere to the bank's policy. Different banks, different branches but same bank, different staffs, different attitudes. Therefore not all banks can treat contra cash + top up as fresh fund.
Btw, small town banks usually can kautim probably due to close relationship with the customers or competition for limited deposit source.

This post has been edited by aeiou228: Apr 30 2013, 11:29 AM

Yeah, no harm to ask i guess. Takkan they wanna lose the deposit amount to another bank

My person exerience on fresh fund cash deposit.

UOB bank
Took out as cash on matured FD, went for lunch. Came back to the same bank where I took the money. Opened FD account with some additional RM200.
I did it once but not advisable to do this way because it is risky in terms of security......unless the FD amount is small.

Other bank
IBG matured FD in bank X before 12 noon, give personal bank X cheque to open FD account on same day.

I used to be able to do in advance, example FD matured 3 May I can pre-instruct and sign all doc. and give personal cheque in advance.

Now the bank staff said no, I can only do it on FD mature day.

Any one facing the same recent change? The bank said bank negara required biometric verification to be done on the same day, not in advance.

This post has been edited by gsc: Apr 30 2013, 06:43 PM

deleted

This post has been edited by harmonics3: Apr 30 2013, 10:47 PM

Normally why banks have higher FD rates for kids? When actually most of their adult guardians piggyback on their names to get the better rates for their own?
So isn't the bachelors or single adults standing at a disadvantage?

For Bank Rakyat FD, if the FD has matured, will it auto-renew with the same rate as previous year?

Not sure HLB Mach FD promo will be continued in May?

Otherwise, other than OCBC FD combo and BR FD, the next one for mid-term FD (3 or 6 months tenure) will be UOB 3-month tenure @ 3.5% only.

For BR, yes. If you negotiated higher rate, it will renew with the negotiated rate. That's what I was told by BR when placing my first FD with them early this year.

will Mach be extending the 1 year 4% FD placement? saw the promo still on their website

No idea about extension, I tried putting 1 year FD last night and managed to get 4% p.a. even though the customer service officer and website stated 3.25% p.a.

how high % and how much was the amount?