This is going to make it hard to place FDs at other banks unless you have CASA account there for the interbank giro to work.

This is going to make us difficult to place FD in other banks on the same day;
perhaps we must go to withdraw/IBG BR FD early in the morning, but not sure
what time other banks can receive the fund?

And yes, another problem is we must have CASA in other banks to receive IBG.

So, most likely we will lose 1 day to 2 days interest..?

BR gave me only one diary 2014 just like yours.

During last year December, I left my banker's check and my exiting matured FD cert in BR for
almost a week to wait for HQ to confirm and approve my requested FD rate. Since I left my banker's check and matured FD cert there, I felt like I had to accept whatever rate they offered me..
Hopefully they treated me fair..

Next time really need to negotiate FD rate on the phone first before go to BR.

This post has been edited by BoomChaCha: Jan 9 2014, 04:05 PM

My plan is to call them 5 to 7 days ahead of maturity of FD to negotiate for renewal rate. We can plan whether to continue or move to other banks ahead of time.

If want to open the Mach account, can I do it at any HL branch or must go to a Mach branch??

Yes, you are required to go to any Mach branch to open an account.
Check it out here: https://www.machbyhongleongbank.com/branches/

my state got no Mach branch...

was in MV last month but didn't know about Mach ..

Sorry found out myself that promo ends on 31Mar2014, 2+ months left so too short term.
For the PMA-I child/trust account you are allowed to make 1 withdrawal/month without affecting the 3% interest.

Yesterday, I went to UOB to open another FD account. I was supposed to open 13 months FD with 3.65% interest rate. But the customer service officer said I must open a saving account to eligible for the promo. So, I ended up with opening 12 months FD with 3.55% interest rate.Today, I make a call to UOB. The call centre officer said I don't have to open saving account for the 13months FD. Why there is discrepancy between the two officers ? Who is telling the truth and who is not ???

This post has been edited by FDInvestor: Jan 9 2014, 08:52 PM

About MACH FD promotion T&C:
---------------
4. For the avoidance of doubt, the term "new placement" shall refer to fresh funds deposited by the Customer into the Mach FD. Intra bank transfer of funds, i.e. transfer of funds from another HLB account (whether savings, fixed deposit or current) or from a Money Box Deposit Account shall not be considered as a "new placement".
----------

Does that mean depositing cheque into money box and then transfer to MACH FD is not considered as fresh funds? Anyone tried out?
The existing HL bank can't process MACH FD so have to go to MACH branch..

the thing is you are allowed to submit the FD online by using fund from Money Box, in fact this is one of the plus point of MACH that you don't need to go to branch to deposit for special rate. So who is gonna govern whether it is 'fresh' or not?

Like to know whether there is an FD (or something similar to it) for 1-3 weeks instead of month.

Why? Sometimes I have FD maturing but don't need it till 1-3 weeks later.

Thanks.

deleted..double postings

This post has been edited by yklooi: Jan 10 2014, 12:59 PM

Cash Mgmt Fund?
tis is jus an example, there are others
http://www.fundsupermart.com.my/main/faq/faq.svdo?id=9718

Thanks.

Had a quick look. More like UT than FD. Capital can become smaller? I would not want to risk my capital just for a few weeks of saving.

Cheerio.

how? with
Zero sales charge to purchase, or to redeem.
Potentially earns higher returns, with the fund actively managed by a dedicated fund manager.
Daily returns on the Cash Management Fund. Daily returns are based on historical pricing.
No lock-in period.

but it think it is not as liquid as what forummer aeiou228 has pointed out in post #1000.
i think Cash Mgmt Fund needs a day or 2 to get the $$

This post has been edited by yklooi: Jan 10 2014, 01:37 PM

AFAIC, there isn't any FD for 1-3 weeks in Malaysia. The closest you can get is CIMB Money Multiplier current account.
2.5%pa on your daily balance
Can make 3 free withdraw any time within a calender month.
Can issue payment by chq.
No ceiling limit.

It is an ideal account to park your fund in this account for short term basis cos this account is as liquid as any other current account and fund can be deployed instantly via chq without any upper limit. You will earn 2.5% (last time was based on 1-Month FD rate 2.9%) on your daily balances.

Thanks. Will look into this.

(duplicate reply)

This post has been edited by plumberly: Jan 10 2014, 01:54 PM

Smart Goat is always using smart ways..

I was wondering will BR give us hampers before Chinese New Year..?

Monetary Policy Committee Meeting Schedules

1st 29 Jan 2014 (Wednesday)
2nd 06 Mar 2014 (Thursday)
3rd 08 May 2014 (Thursday)
4th 10 Jul 2014 (Thursday)
5th 18 Sep 2014 (Thursday)
6th 06 Nov 2014 (Thursday)

Source:
http://www.bnm.gov.my/index.php?ch=mone&pg=mone_mpc&lang=en

By the way, where is gsc..?

... hummm ... gst (Good & Services Tax) or gsc (Golden Screen Cinemas)? Do they give free movie ticket to depositor too? ... ...