Affin Bank also offers 5% FD bundled with insurance.
But I do not know about the details.

Yes, if you wish, show a photostat copy of FD cert to prove that you have this significant amount to place for new FD.
Do it in 2 to 3 days before the FD maturity date so that they have time to call to bank HQ to get a better rate.
But verbally to tell bank also can lah..but just not so convincing only..

...kahwin ha...

No, not yet. I will let you know once I do it during the 4th week of next month..

I think in a different way..
If anmie does not need to use all the money in next 5 years, why not to put all money to enjoy 4.1%?
Furthermore, to split part of the money into a 9 months FD will be an hassle to chase for a Musical Chair later.

This post has been edited by BoomChaCha: Sep 27 2013, 07:17 PM

I think should not be a problem. You'll get full For safe side, go after 2pm

Let's say when receive the daily interest on the FD maturity date, then withdraw FD after 2.00 pm on maturity date
and place new FD in another bank on the same day before 4.00pm, does it mean we earn extra 1 day interest?

I'm not sure, Never tried before

That is good news. What is the minimum amount to enjoy 4.1%? Interest credited monthly?

For those worry about BR PIDM coverage can probably try this..

I doubt Am Bank will allow to put all 100% fund at 4.1% rate for 60 months that
without need to split 50:50..?

http://www.ambankgroup.com/en/Promotions/D...ateDeposit.aspx

For interest paid out monthly, depositors need to reach 50 years old and above..

Am Bank e-FD offers extra 0.2%:
http://www.ambankgroup.com/en/Promotions/D...es/eFD2013.aspx

Sure boh..? I doubt it lah...

This post has been edited by BoomChaCha: Sep 27 2013, 11:13 PM

A little extra of only 0.3% for so many more extra months tied down? not a gd deal to me.

Why i say the 3.8% for 9 month is the sweetener? Becos that is close to the highest in market which is 3.85 at BR.

4.1% for 60m is far from the best in market which is 4.7%.

Also why Ambank allow you put all in 60m for 4.1%?
Try tell Ambank you only want the 3.8% for 9m and refuse the other long term FD which Ambank is trying to tie you down.Would they allow?

To me, the 3.8% is the attractive portion, and not the 4.1%.

Your logic is wrong.
For you to be able to chase your musical chair , the more you need that short term 9m FD.
Tying all down for 60 months means when the next good FD rate comes, you just stand there and watch,
money all stuck still not matured yet! How to chase?

The prerequisite to be able to chase for any good FD rate that comes along ,is to have some Fds maturing earlier than another,
and not all maturing 60 months later at the same date.

This post has been edited by guy3288: Sep 28 2013, 01:18 AM

Well, now what I heard is only above 100k can get 4.06% for 12 months FD. So are u going to show BR over next few months FD cert from other banks and say what rate can I get ? But cabut later and place FD else where ?? Ha ha.

This post has been edited by bbgoat: Sep 27 2013, 11:30 PM

minimum rm10000. yearly.

I did and so do my family members.

Bank's promo tactic is obvious.

Talking about bundle deals.

When they offer the better rate -they give you only short term, 3 months, 6 months. so you cant get much extra from bank.

Then they get it back from you via the longer term that they tie you down.

Take 100k eg. give you extra 1% for 3 months , how much extra you earn? only RM250.

Say 60 months, that would be RM5000 extra,

It would be silly to offer the better deal to customer at longer term and trying to get it back from customer via the shorter term deal.

May I know which FD you chose from Ambank?

4.1 for 60months.

Just to clarify, you are saying place FD and also open SA put RM3k got the free gifts that you have shown ? For the 3k in SA, have to stay there for how long before withdrawing (is there a catch for the 3k in SA) ?

For the digital blood pressure set, have to be careful as the wrist type is not accurate depending on how you used it. I do have one Omron wrist type which I am happy with but do be careful when using wrist type.

I do agree with your argument above. I was happy to see Ambanks 3.8% deal but was turned off by the longer term (36 to 60 mth) conditions.

This post has been edited by bbgoat: Sep 28 2013, 10:13 AM

Pretty nice.. which UT is that??

Please do not forget some or most depositors may not feel comfortable with FDs that do not come with PIDM protections.

If we omit to include BR and MBSB that do not have PIDM, it is too early to tell whether 4.1% is a good deal or not in next 5 years. And usually FD promo are only last for short term period like 3 months tenure.

And we do not know when will the next good FD rate available, and this is also depends on our funds availability to match the FD promo timing.

Another possibility is, what if the FD rates drop or remain the same in next 5 years..?

I mean I would rather to put all money into 60 months at a time rather than to split 50% of fund for another 9 months tenure, so that I can skip to chase for Musical Chair for my matured 9 months FD fund that involves extra opportunity cost like time, energy, money and efforts.

No doubt BR FD rates are very attractive that hard to resist the temptation, but still cannot put all eggs there, and in your previous post you also mention about attracting attention issue...

I think Am Bank 5 years FD is a FD gamble with moderate return but with adequate security.

I do not think so, maybe not BR anymore.. Everything has the limit, cannot over doing it, otherwise will need to use a stretcher But let's see the economic condition next year..

Can give full name of AMB please?

This post has been edited by BoomChaCha: Sep 28 2013, 06:49 PM

Well, you cannot KO everyone of your opponents all the time. One day you will be grateful that I have reserved one gold stretcher for you ...

This post has been edited by bbgoat: Sep 28 2013, 08:14 PM

very good yo

Amanah Mutual Berhad (AMB), wholly-owned subsidiary company of ASNB

On dividend ex-date, the UT's price/NAV will drop and adjusted accordingly by the amount of dividend distribution.
Unlike FD, after interest payouts, your principal amount remain the same, never drop.