January: RM1000 x 3.7/100 x 31/365
February: RM1000 x 3.7/100 x 28/365

Yes, you r right Bro. You eyes very sharp.
In that case, the effective rate is further reduce to 3.48% for a 6 months placement. The just ended MACH FD 3.7% for 6 months was indeed a better deal.

OCBC 12month FD at 3.6%... just info as just now I walk by the bank. If somebody has already inform this in this thread, dont shoot me ya as I didnt read and follow this thread

thanks for the information.
FYI Affin Bank also 3.6% for 12mth FD

is this promo rate only? if mature, revert to what rate? just curious

BCC still Booming somewhere or having PC problem ?

This post has been edited by bbgoat: Mar 25 2014, 09:04 AM

Picked up a brochure from MBB Damansara Jaya indicating the PMA-i promo is giving a max of 3%+2%bonus for min amt of rm50k (same like 2 or 3 years ago) but didn't have time to explore further. Went to MBB Damansara Utama but was told that the current offer for PMA-i is 2.75%+1.1%Bonus instead.

PMA-t promo give a max of 3%+2% bonus? Must come together with UT?

Guys, what is the best way to take out money from maybank to put FD in bank rakyat? Carrying cash would not be convenient right ..

Don't think so but I suspect they displayed outdated brochure.

ya promo rate. when matures will back to board rate if you put auto renewal.

Banker's cheque? Safest way IMO. Of course, if you're moving small amounts (a few thousand) then you may not want to pay the fee. Maybank's banker's cheque fee, if I'm not wrong, is highest among all.

Went to HLBank Damansara Utama but they said this can't be done. IBG thru HLConnect stirctly at rm10k. So have to transfer matured Mach FD into MoneyBox account first, then go to HL branch's counter for big amount transfer using IBG(rm2), Banker's Cheque(rm5.25) or Rentas(rm14).

This post has been edited by MGM: Mar 25 2014, 06:10 PM

Hi all,

Is the 1st post rate list updated?
I'm looking for short term FD highest rate anyone knows?
Maybe Monthly or Quartely maturity, and if possible daily interest calculation if take out before maturity.

Currently im just using maybank FD coz its convenient no need go bank and can take out just with few clicks.

SUM around RM30K

IBG or cheques are the easiest.

I didn't know we need an introducer to open FD account with any banks. When I open account with Affin Bank, I just walk in and say want to place FD and they just ask for my IC.

FD interest is counted by the days. Different months have different days.

Is this pure FD or combo with something else?

Usually upon maturity will autorenew at very low board rate for the same term. Unless instructed otherwise.

Banker's cheque.

Monthly or Quarterly, not much options if want convenient. Most short term FDs comes with the stupid CASA thingy.

Hey brothers, just a quick question. I have a bad habit of over spending on a monthly basis and touching any savings I got so I was thinking of setting up a fix deposit account.

My only question is i know i wont touch the money once i open it so can i do a monthly bank in? Can this be done?

EG

Initial account is opening is 1k.
I always have a surplus from my pay between 500-1k on a montly basis so can i put this inside the account.

OCBC pure FD for 6/12 months at 3.6%.

Nope, FD doesn't work that way. Unless you place separate FD amounts on a monthly basis. But it'll get complicated.

Try searching for a good saving account.

bank rakyat 4.5%pa for >60 month?

Deposit of more than RM5,000, profit is paid monthly

last time need put 20k then can only take profit monthly.

now 5k can get profit monthly already