I do not understand why banks nowadays want to make thing so complicated, sometimes, T&C needs to reread 3x also blur about it.
FD is always simple, how much real effective rate is. That's all!

Tier step up rate, CASA earmarked, investment combination....

aiyo just join the MACH promo la, straight 3.7% 6 months

The MACH FD promo looks good. But Penang MACH is in Paragon which has crazy parking lot issue.

i suppose in Klang Valley its easier cos some in not so hot shopping malls i.e. paradigm, e@curve

but one time trouble only + the con is RM8/year annual fee charge.

Pros
1. All can be done online, dont need spend hours waiting for people to sign your fd cert (Ambank / OCBC all make me wait 1 hour+ for both deposit and withdrawal Affin slight better less than 30 mins)
2. their fresh fund term is very loose, current fd expire can directly be placed again for new promo without moving to other bank

This post has been edited by bearbear: Jan 28 2014, 05:10 PM

For withdrawal, need to get bankers' cheque from HL Bank (not from MACH itself) ?

Thanks !

I know, that is why I put a for it.

Just Giro, only cost 10cents

What is the cap on the GIRO amount?
Guess need to use GIRO more frequently one bank start charging 50 cents per cheque from 1 april.

Most giro nowadays are rm10k daily limit

What if you want to transfer much more than that, like 100k or something? Banker's cheque doesn't depend on the amount right?

yup you will need to go to the bank to get a bankers cheque

I think he is referring to online xfer. If you do it in the bank, can do larger than 10k for sure. But as to the upper limit, I am not sure. Have done like 50k in the bank using RENTAS before.

Bankers' cheque have no limit as far as I know. Anyway you are not talking about millions, are you ?

This post has been edited by bbgoat: Jan 29 2014, 10:17 AM

anyone using internet banking other than Maybank and CIMB and foreign banks??

Is it possible to do an FD deposit via internet banking of these local banks? Example, Ambank, Affin, BR, Alliance etc etc ...

I have been using Ambank to create new e-FDs without any issues.
The last time I tried, it instantly created the account number with the amount.

Does it applies to the 36 mths fd promo?

Public Bank also can place FD online.

Received SMS from BR's ABM to collect their "beautiful hamper" as described by the ABM. Collected the hamper and asked for another one. Was able to get one more like last year. Claimed that I have 2 accounts with them. Ha ha.

Have not opened it up yet. The ABM claimed that the value of the hamper is higher than last year.

This post has been edited by bbgoat: Jan 29 2014, 08:08 PM

How much you deposit into Bank Rakyat FD?

wah like that i must also ask my BR la...so late already still no news, last few years i always received.

bbgoat , you are from penang right?
Did you have to ask or remind them about the hampers?

I was in the branch last week to place new FD. The ABM was with me all the while. I think I brought out the topic about the hamper and "complained" that last year hamper is "cheap cheap". He said he has submitted request to get the hampers and will inform me to collect it later. They have a list draw up on eligible depositors. I saw the list (from a distance) as he tried to tell me not everyone is entitled to it (have relatives who are not entitled to it).

This post has been edited by bbgoat: Jan 29 2014, 10:05 PM