“Initial investigations revealed that the victim had passed the cash money over to the man instead of depositing it over the counter
as usually practised."

the choice of which bank for an individual depends on amt, tenure, one's attitude towards pidm insurance coverage, convenience of location. my read from this thread is for pidm, ocbc, uob and hlb are most popular. non-pidm, bank rakyat. pbb and foreign banks seem not popular.

since u already have cimb and mbb, it does make sense to stay with them for small amt and short tenure. not worth the hassle and extra time and driving since it may be just a few rm a month difference. however for large amts and longer tenure, diff can be huge.

some banks like hlb insist you open an a/c to do fd. others like uob do not.

most major banks do not do "false promo" or "manipulate" - these are usually advertising creatives that have fine print one may tend to overlook, so do read carefully.

thanks to the dedicated taikors, this thread has all the useful info on local fd, do spend time to read and ask specific questions for good answers.

cheers.

thanks avfan for the detail explanation.
i think its better to stick with CIMB instead of go for conventional bank.
by the way, is there much difference if the bank in not covered under PIDM?
as for bank rakyat, its covered by under MOF rite?

by the way, is there much difference if the bank in not covered under PIDM?
as for bank rakyat, its covered by under MOF rite?

teacher = 19mil FD? songlap or strike lottery toto? 

Is your amount below $50K and/or your FD tenure is less than 6-month?

Received called from Hong Leong bank saying there is a FD promotion 5.25% per year. The staff wanted to make appointment to explain to me. I asked her is this 5.25% a pure FD and not reuired to buy any structured products or unit trust etc..she said is pure FD. I told her email to me the detail first begore meeting up...no news thereafter...anyone of you aware of this FD promo?

Received called from Hong Leong bank saying there is a FD promotion 5.25% per year. The staff wanted to make appointment to explain to me. I asked her is this 5.25% a pure FD and not reuired to buy any structured products or unit trust etc..she said is pure FD. I told her email to me the detail first begore meeting up...no news thereafter...anyone of you aware of this FD promo?

HLB quite snake, their MACH FD also snaky one.

HLB quite snake, their MACH FD also snaky one.

Received called from Hong Leong bank saying there is a FD promotion 5.25% per year. The staff wanted to make appointment to explain to me. I asked her is this 5.25% a pure FD and not reuired to buy any structured products or unit trust etc..she said is pure FD. I told her email to me the detail first begore meeting up...no news thereafter...anyone of you aware of this FD promo?

HLB quite snake, their MACH FD also snaky one.

Received called from Hong Leong bank saying there is a FD promotion 5.25% per year. The staff wanted to make appointment to explain to me. I asked her is this 5.25% a pure FD and not reuired to buy any structured products or unit trust etc..she said is pure FD. I told her email to me the detail first begore meeting up...no news thereafter...anyone of you aware of this FD promo?

Received called from Hong Leong bank saying there is a FD promotion 5.25% per year. The staff wanted to make appointment to explain to me. I asked her is this 5.25% a pure FD and not reuired to buy any structured products or unit trust etc..she said is pure FD. I told her email to me the detail first begore meeting up...no news thereafter...anyone of you aware of this FD promo?

To the contrary, I find MACH 4% 12 mth FD is the best in its category because it pays monthly interest automatically to my SA. With monthly compaunding interest, the effective rate is higher than 4%

I do not think any FD can offer so high a pure 5.25% FD for full p.a. without any bundled, or not a step up one.

The most 1 year FD which many can get is around 4% only, (be it step up or bundled package CASA or new customer promotion)

5.25% is 225 basic points above OPR rate (3%), it is almost impossible for bank to give such offer without any clause or package.

Bank lend out at BLR and some home loan is offering at BLR - 1~2%.
At 5.25%, bank can make a loss already.

If there is, you may see huge queue for it.
Please share it if there is (pure FD), many will rush for it on Monday morning. 

Tenure is 12 months & amount is not below RM50k.