can avoid putting too many eggs in BR basket.

Wah That is extraordinary service

Need some feedback from those who have experienced this.

Suppose I have an FD with BR at 0.1% higher than the normal rate. On maturing, if I leave it without withdrawing, will it be renewed at the higher rate? Or back to the normal rate?

Thanks.

Today my BR monthly deposit...into my SA..   time for shopping..

Need some feedback from those who have experienced this.

Suppose I have an FD with BR at 0.1% higher than the normal rate. On maturing, if I leave it without withdrawing, will it be renewed at the higher rate? Or back to the normal rate?

Thanks.

Just opened 2 junior FDs. The 3.98% rate is still available. But need to open a SA (no book), min RM20.00, I asked them no monthly interest  why need SA? End of 1 yr i will take all together.

Free gift from Kuwait Finance is so 'kiddy'- 2 sets of stationery and a generic  cheapo pen. BR better anytime.

But the service is good, i spent only 10 mins signing the forms and she delivered the FD to my office 7.0pm. She offers to come and collect cheque for future placement.

Pro: Got PIDM
      can avoid putting too many eggs in BR basket.
Con: No monthly interest, so  can lose upto RM33 a year for every    50k compared to if there is monthly interest payment.

but what to do?no better rates around.....

I just renewed my FD in BR. For the add'l 0.1% or even 0.05%, these are so called nego rate. You have to nego again. If it auto renew, you will only get board rate. As I mentioned recently, the nego rate is now 100k and above. So some of my FD which is less than 100k, I will just let it auto renew in BR.

Thanks to bbgoat & nakedtruth.

Looks like I will have to put on a thick face next month to renew my FDs at a higher rate since the higher rate is not automatic/maintained.

Cheerio.

Bro, that is why my TS mentioned in Post#1 to click my blog for FD Rates and Latest Promos 

The Ambank promo is also listed in my FD Page which ends this 15 October plus one or two other promos not mentioned in this thread.

Stayed put with Am bank instead of going to UOB even though the rate is slightly higher. The interest dollar gained is not substantial as the FD amount was not big. Read from newspaper that second half 2014 interest willgo up..hope 9 months from now proved my decision was roght..

Am bank promo needs fresh fund and have to IBG out the matured FD and use pesonal cheque for the fresh fund..just wanted to share here on the IBG limit and charges..

Am bnak - IBG charges 50 sen, no limit on amount ( this is what the counter staff said )
Citi bank - charges 15 sens, limit 500k
Ocbc - 10 sen, limit 500k
Std Chart - 15 sen, limit 10k ( very low for a global bank)

Am bank promo needs fresh fund and have to IBG out the matured FD and use pesonal cheque for the fresh fund..just wanted to share here on the IBG limit and charges..

Am bnak - IBG charges 50 sen, no limit on amount ( this is what the counter staff said )
Citi bank - charges 15 sens, limit 500k
Ocbc - 10 sen, limit 500k
Std Chart - 15 sen, limit 10k ( very low for a global bank)

I am deciding between Ambank and UOB for tomorrow's placement too and I will heed sifu's advice again Ambank is nearer and easier to get parking

It dependent on the FD amount. Say for 30k FD.

Am bank 9 month at 3.55, UOB at 3.65% for 12 months. Difference is RM30 for 9 months. Of

yeah true. just that i usually prefer at least 1 year so that don't have to go to the bank again. by the way, i think it's 3.60% for UOB 12 month.

Bro, you are right, not much diff between UOB 12 months and AmBank 9 months. Actually for less than a year FD, the AmBank 3.55% can be considered pretty good.

Got link to the report on the interest rate will go up thingy? Because inflation sky rocketing?

Read it earlier...think is from May bank but cant find it now...but there are websites mmentioned OPR to increase in second half of 2014

http://www.thesundaily.my/news/827647

http://www.focus-economics.com/en/economy/...mber-2013-09-05

http://www.btimes.com.my/Current_News/BTIM...003240/Article/

http://www.centralbanknews.info/2013/09/ma...ertainties.html

http://www.btimes.com.my/Current_News/BTIM...005221/Article/

HLBB providing up to 4%, though it's only applicable for only the last month, kind of like an incremental interest over certain period of time.
It seems interest rate is trending up now.