Original FD Rate Thread
Fixed Deposit Rates in Malaysia V2 Thread
Fixed Deposit Rates in Malaysia V3 Thread
Fixed Deposit Rates in Malaysia V4 Thread

WEBSITE FOR FD RATES & LATEST PROMO
http://generationsxyz.blogspot.com/p/fixed-deposit.html
credit to Gen-X

Notice / Disclaimer:-
Call & Visit the respective banks for confirmation & latest promotion.
We are not liable to any misinformation which might cause any financial or opportunity loss (which include FD rates & any others information)


Members Recruitment for FD Group Deposit Campaign
- Please refer / PM to BoomChaCha if Interested

Objective: To consolidate all members' funds to bargain for a better FD rate with the bank
Minimum FD deposit: RM 50K per member
Target total FD amount: 2.5 million or more
FD Tenure: Tentatively 1 year
Recruitment Deadline: 31 May 2014
No Obligation: Members can retreat anytime before we negotiate to the bank
Prohibition: Members who registered after March 2014 are not allowed to join this campaign

Disclaimer: No guarantee will success in this group FD plan

Plan (BoomChaCha brain storm only)
(1) Consolidate at least RM 1 million fund from all participating members.

(2) Appoint representative to negotiate with the bank.

(3) As suggested by Warrior HJebat, after bank says OK, then representative generates and PM confidential code (for bank to recognize members' identities purpose) to each participating member so that members can place their FDs at special rate by submitting the code to the bank. Each member will get one unique code only.

(4) Members can place FDs in their local bank branches.

Any suggestions are very welcome..Thank You.




others country Interest Rate
Singapore at 0.05%, if deposit for 1 year can get around 0.25%.
China almost at par with Malaysia.
Thailand. 2.5%.
UK 0.5%.
ECB 0.25%

Guide to Fixed Deposits as well as list down the top ones in the market.

http://savemoney.my/fixed-deposit-rates-comparison-tool/

http://savemoney.my/best-fd-rates-in-malay...1-for-one-year/


CASA stands for Current Account / Savings Account



Over The Counter FD Rates - Credit to cybpsych

Bank	1 mth	3 mths	6 mths	12 mths	Others	Notes
Affin	3.05%	3.10%	3.25%	3.60%
Alliance	3.00%	3.00%	3.10%	3.20%	FD Gold 3.30%	Interest paid monthly
AmBank	2.95%	3.00%	3.10%	3.15%	Am50Plus 3.25%	Interest paid monthly, FREE PA
Citibank	2.80%	2.90%	2.90%	3.05%
CIMB	3.00%	3.05%	3.10%	3.15%
Hong Leong	2.90%	2.95%	2.95%	3.10%
HSBC	2.75%	3.00%	3.00%	3.15%
Maybank	3.00%	3.05%	3.10%	3.15%
OCBC	2.75%	2.85%	2.90%	3.05%
RHB	3.00%	3.05%	3.10%	3.20%		Revised down Jan 2012
Public	3.00%	3.05%	3.10%	3.20%	PB Golden 50 Plus 3.25%
Standard Chartered	2.90%	2.95%	2.95%	3.10%		Revised down Jan & May 2012
UOB	2.90%	2.95%	2.95%	3.10%		Revised down on 15 Dec 2011

[/quote]



Alliance Bank Straight Forward Fixed Deposit Promo 3.45% 6 Months. No CASA condition. Ends 31 March 2014.
Alliance Bank has extended their FD Promo until end of March. So, maybe you may want to consider signing up with Alliance Bank and get their Debit Card were you can earn up to 2% cash back from your transactions. credit to Gen-X



[SIZE=7]Bank Rakyat FD rate as March 2014

Affin Bank FD Promo Up to 4.18% and Horse Figurine Contest - Ends 30 April 2014
http://3.bp.blogspot.com/-kru2Q6Q84GU/UsOW...motion+2014.jpg
The 4.18% interest rate is only applicable if you deposit RM100K into CASA.


credit to Gen-X


UOB Bank FD Promos - Ends April 2014
3 Months - 3.35%
12 Months - 3.55%
13 Months - 3.65%

All 3 promos above needed to deposit 8% into CASA for Min 3 months (lockup)


Bank Simpanan Nasional 1 Year FD Promo - No PIDM

3.95% p.a., min FD placement is RM 10K, but need to put additional 15% fund in a saving account.
This 15% fund in saving account will be "locked" and cannot withdraw for 1 year just like FD.
Saving account interest rate is approximately 0.4% p.a.
Effective rate is 3.486%


OCBC Bank - Savings Deal - 3 Months FD 4.28% until 31st March 2014.
OCBC is offering a new combo plan called Savings Deal where you can earn up to 4.28% for 3 months FD. However, this time you need to deposit equivalent amount into CASA unlike the previous Combo Plan where one only requires 1/3 equivalent of the FD amount to be deposited into CASA.
(Condition for the Promo: At least half the placement of the FD amount is to be earmarked in a CASA account for 3 months.)


OCBC Bank Straight Forward FD Promo. No CASA thing. Valid until 31 March 2014 - credit to Gen-X
3 months - 3.1% NO NEED FRESH FUND
12 months - 3.3% NO NEED FRESH FUND


Am Bank FD Promo - Will end on 31 March 2014 (Updated) - Credit to BoomChaCha

(A) 3.38% for 6 months tenure
(B) 3.70% for 18 months tenure

Terms & Conditions
(i) Regardless of new or existing customers
(ii) Must take both (A) & (B)
(iii) Minimum fresh fund RM 10K. FD fund will split 50% and 50% into (A) & (B) respectively.
(iv) FD interest will deposit into AM Bank saving account every 6 months.



PB FD Rush Promo - Valid from 1 March to 30 April or Upon reaching RM 1 Billion fund size, whichever is earlier








MayBank CASA“Rewards & Bonus” Campaign -- Up to 4% p.a. for Islamic Accounts
Banker's Cheque Fee purely for FD Upliftment/Withdrawal (Do not combine with other accounts, i.e. Savings Account)
Affin - FREE
Alliance - FREE
AmBank - RM2.15
Bank Rakyat - FREE
CIMB - FREE
Citibank - RM0.15
HLB - RM5.15 (PB Customers RM0.15)
HSBC - RM5 same day or RM2 next day (no RM0.15 Stamp Duty??)
Maybank - RM5 or RM5.15?
MBSB - FREE
OCBC - FREE
PBB - RM2.15
RHB - RM5.15
SCB - RM2.15
UOB - RM0.15 (in Penang) or RM2.15 (in Klang Valley!!!???) Conflicting reports.


WEBSITE FOR FD RATES & LATEST PROMO
http://generationsxyz.blogspot.com/p/fixed-deposit.htmlcredit to Gen-X

Notice / Disclaimer:-
Call & Visit the respective banks for confirmation & latest promotion.
We are not liable to any misinformation which might cause any financial or opportunity loss (which include FD rates & any others information)

This post has been edited by davinz18: Mar 22 2014, 12:56 PM

Aiyah, too bad the previous thread was close, I cannot access to all the updates I did at post#1, i.e. copy and paste here. Got to go key in all over again.

TS, you should also post the relevant FD promotions in post#1. Also the board rates missing here at Post#1 by TS.

In the meantime, for the most comprehensive Fixed Deposit Board Rates and Promotions in Malaysia click here to my Fixed Deposit Page at my blog and read my comments.


Edited **

The OCBC Premier Savings account used to pay 3.05% and now 3%. No need to deposit monthly to earn high interest rate almost equivalent to OCBC 1 year FD unlike the OCBC Smart Savers Account. Also you are not penalized if you make withdrawal. Best part, interest credited monthly too. Only condition is you got to maintain RM200K in the account. And yes, this Premier savings account has always qualified for the OCBC Combo FD Promo.

Click here to read my article The Best Savings Account in Malaysia for Children, Adults, Parents and Grandpas too. In this article I have a table comparing the frequency of interest credited into the savings accounts. Article also has been updated to include UOB eAccount and Fun Savers Savings Account which pay 2.68% and 2.9% respectively.

This post has been edited by Gen-X: Sep 12 2013, 02:18 AM

Reporting in.. Congrats new version V5.

Welcome on board...

If you do not mind, could you please post all update FD info on your main page for the benefits of all..?

Thanks you so much...

agree lol

This post has been edited by axis_lua: Sep 9 2013, 11:59 PM

To haur:

Hua hua.. 6 digits is quite impressive..

Our higher record for 1 year FD in BR is 4.25%.

You can call OCBC help line after 8.00am on Wednesday to find out their new promo rates:
Personal Banking: 1300 88 5000
http://www.ocbc.com.my/

But most likely OCBC will not be able to beat BR's rate.
But it is no harm for you to find out the OCBC new promo rates first before you go to BR.

For my case, I can only collect my FD cert in about 3 working days later after I submitted my
banker's check to BR; but another member reported he/she can collect the FD cert on the
same day...

Just to remind you one more time, Bank Rakyat does not have PIDM protection..

Good Luck..

This post has been edited by BoomChaCha: Sep 10 2013, 12:58 AM

Can't wait to see what OCBC will offer after their current promo ends tomorrow.
If nothing's good, gotta start deciding where to place my funds after that, sigh.

What u guys think about rhb offers??





This post has been edited by xcxa23: Sep 10 2013, 04:07 PM

can't view.

Thanks! Was thinking on how to evade the RM5.15 charge on the cheque during uplift from RHB.........Any tips?

Cannot see, can you upload file attachments to lowyat? Thanks

I do not know about RHB.

For my UOB branch, if the payee name(s) on the banker's check is exactly the same name(s) on your FD cert, then
UOB charge RM 0.15 for the banker's check.

For example, if your FD is only under your name, if your request the banker's check to be paid only to your name,
then UOB charge RM 0.15

Second example, if your FD is under 2 names, if you request the banker's check to be paid to the same 2 names,
then UOB charge RM 0.15

If nobody answers you this question here about how to evade RM 5.15 charge, then ask RHB counter before you withdraw..

Visit here tomorrow before you go to BR..

This post has been edited by BoomChaCha: Sep 10 2013, 01:05 PM

Hi was trying to reply your post other foreign currency but cant because the forum is "full". The only foreign currency comparable to RM deposit is Aus dollar follow by NZ, the rest gave very low rates.

Usually when bank close the offer earlier because either they have reached the target or they plan to lower the rates. My opinion is Ocbc will lower the rate judging by the recent promo only 3.3% for 9 months...

TS, good job in adding my previous Board Rates, Cheque Fee and some of the current promos to post#1

Also must thank you too for adding link to my FD page

Hopefully you will continue updating frequently post#1 for latest FD Promos reported by members here


I got current account with RHB so I deposit into that account

If you go open a savings account with RHB, still need to pay for the ATM card - need it to register for OTP for online banking.

Next year onwards we'll be imposed by all banks another RM0.50 for cheque processing fee

This post has been edited by Gen-X: Sep 10 2013, 02:26 PM

No problem. I would try my best to update the latest FD promos from time to time

If I don't update as fast, you also could update it on your post#2, no problem

sorry for late reply.. busy day..
so if i were to put 50k, is my calculation correct???

this is my calculation
3.78% (for existing n new fund)

50,000 x 0.0378 = 1890

3.88%(new & existing fresh fund)
90% FD;10% CASA

FD
45,000 x 0.0388 = 1746

CASA
5,000 x 0.0068 = 34
3Months = 34 x 3 = 102

Total
1746 + 102 = 1848
thankiu very much
edit: tats weird.. i cant attach the pic.. wait i try again.. the global space left written unlimted space yet after it finish uploaded, its did not show my attachement.

This post has been edited by xcxa23: Sep 10 2013, 04:12 PM

somebody started new thread on fd bank rakyat.

think some of you guys can surely help the ts:

https://forum.lowyat.net/topic/2954279

that's just worry bout protection money LOL

Went to Ocbc open Mega Saver and new Smart Saver today before the rate goes down...

Effective 11 sept ocbc promo

Fresh fund same as before
Mega saver interest drop from 4.5% to 4.2%, previous 2:1 ratio remain. A quick estimate shown the effective rate is 3.55%.

Fresh fund same as before
13 months joint account drop from 3.7% to 3.55%

No Fresh fund required
3.33% for 12 months. This one I wasnt sure as the rate is low and I dont want to waste my memory cell..

Thanks Gen-X. I have a Basic Savings Account without ATM. Hahahaha. Able to avoid the RM5.15 if I uplift to the SA then withdraw from the savings acc?
Thanks! Seems like it's BR for me then......

This post has been edited by haur: Sep 10 2013, 11:32 PM

RHB 3.78 and 3.88 was offered and ended 31 Aug...are you saying RHB re-introduce this offer?

hmm.. when i asked about the 3.88% on last week, the staff told me they had reach their target of 3M(if i recall correctly), then she introduce this offer which is islamic package. so i think is two different package. btw, this package ending 2molo..

Yes, if you transfer to SA, you can then transfer the funds online to another account.

And Bro, the RM5.15 is if you request for cheque, so if you were to withdraw the FD in cash form, no whatever fees involved.

Thanks for the update Bro

Might as well go with 13 months 3.55% and save time going to the bank and not having to worry about new funds thingy. But then again, at 3.55%, it is still lower than Affin's board rate of 3.6% for 12 months. Looks like KFH current FD Promos are the most competitive currently for those wanting PIDM.

I just checked out their new promo too and damn, all rates went down so much.

The effective rate for the mega saver now is so terrible...I guess I won't be doing much with OCBC for the next few months.

PIDM partners with Hua Zong to reach out to Chinese community

PIDM said this programme would help enlighten the Chinese community especially those from the smaller towns, to learn about the financial consumer protection provided by PIDM.

As part of the collaboration, PIDM will and Hua Zong would hold five briefing sessions on Deposit Insurance System (DIS) and the Takaful & Insurance Benefits Protection System (TIPS) nationwide.

“This is part of our ongoing initiatives to further enhance public awareness of PIDM, DIS and TIPS and to promote confidence in the stability of the financial system in Malaysia,” communications and public affairs division general manager Rozita Ahmad.

She said briefings with Hua Zong will be conducted in Mandarin starting Sept 6 in Alor Setar, Kuantan, Kota Kinabalu, Batu Pahat and Nov 23 in Bintulu.

Yea, was at OCBC yesterday and was informed about the drop in interest rate as well.

If you pair up with Premier Save Gold S/A, effective rate is about 3.8% (compared to before it was almost 4%).

Looking into KFH promotions now. Any other banks offering good rates this quarter? Interested for 3 or 6 months term only.

You mean if we take up the 4.2% promo and open a Premier Save Gold SA, it can come up to about 3.8%?
Is there any conditions to this SA, do you know?

Yea, I did mentioned about Premier Save Gold SA few months back before. One of the sifus here also did say that need minimum RM200k in the SA to earn the ~3% interest p.a. That's the only drawback I guess - 1/3 has to have RM200k. The good thing is no need to top up every month like SmartSavers account to earn 2.9% p.a.

Oh sorry, I must have forgotten about that. Thanks for your reply.
It's a big setback, totally out of my league, haha...

Like you, I'm interested only in 3-6 months term too. KFH seems to be the best for now if you want PIDM. But I still have my reservation with that bank.
Now I'm also considering BR. Or maybe it's time for me to venture into investment, haih.

Yea, that was quite some time back. Haven't been chasing FD promos for quite some time already.

Will drop by KFH branch tomorrow since I'll be passing by one on my way out, probably put some funds in. Mind to share with me what are you reservations with that bank?

BR rates are quite good too. Only thing no PIDM status.

KFH...don't know what they really do with our funds. I've asked around several people and they all are feeling reserved.
Do let us know how it goes for you tomorrow.

It seems that the bank strategy is throwing the net initially to attract customers with high short term (3 months) and now it is the time to tighten the net to lock the fish for 13 months...



This post has been edited by gsc: Sep 12 2013, 12:21 AM

I did mention about the OCBC Premier Savings Account in my article The Best Savings Account in Malaysia for Children, Adults, Parents and Grandpas too.

The OCBC Premier Savings account used to pay 3.05% and now 3%. No need to deposit monthly to earn high interest rate equivalent to OCBC 1 year FD unlike the OCBC Smart Savers Account. Also you are not penalized if you make withdrawal. Best part, interest credited monthly too. Only condition is you got to maintain RM200K in the account. And yes, this Premier savings account has always qualified for the OCBC Combo FD Promo.

This post has been edited by Gen-X: Sep 12 2013, 02:07 AM

----------------------------------------------
A message from UOB website:

Cheque Processing Fee of RM0.50

Effective 1 April 2014, all banks in Malaysia will charge a processing fee of RM0.50 and stamp duty of RM0.15
for every cheque issued.

We therefore encourage you to take advantage of our Internet Banking services to perform your transaction.
You pay only RM0.10 per Interbank GIRO (IBG) transaction.

----------------------------------------------

I was told by Bank Rakyat if to transfer fund online via Giro from Bank Rakyat saving account to other
banks, this process will take 2 working days, so this means that we will lose 2 days interest..?

Luckily, other banks can receive fund on the same day if we use Bank Rakyat ATM machine to transfer fund, but this will cost service fee RM 1.00. I was wondering if other bank ATM machines can transfer fund on the same day just like Bank Rakyat?

Thanks for the update

Banks become more cunning lately.. This is a FD battle in between banks & Musical Chair members..

This post has been edited by BoomChaCha: Sep 12 2013, 02:11 AM

Bro I just updated my Fixed Deposit Page for the OCBC FD Promos and when I calculated the effective interest rate for the Mega Save, it is up to 3.71% and 3.78% with minimum deposit RM50 and RM1K per month respectively (that is if go sign up the Mega Save early in the month and withdraw the amount in the Smart Savers early of the month when your FD matures so that you won't be penalized with 0.5% interest in the Smart Savers, go deposit mid month, interest maybe drop to 3.55% or even less ). Go with OCBC Premier Savings Account, the interest is about 3.8% guaranteed since one won't be penalized for withdrawals but of course must maintain minimum amount requirement.

Once again, to read more on latest FD Promotions click here to my FD Page at my blog to read my comments.



This post has been edited by Gen-X: Sep 12 2013, 11:33 AM

I have been using BR Giro for >9 months, all transfers were received on the same day if done before 12 noon. You should try it out yourself with small amount.

My early estimation was based on % not on actual dollar. I was trying to get a quick feel on the effect of dropping to 4.2%. With your calculation of 3.71% helps me to stay on with Ocbc instead of playing musical chair with Mach, tq

Too bad now already mid Sept =/

Well, it is a matter of how to make use of your time efficiently.

How to play FD musical chair if you do not use your time efficiently ??

This post has been edited by bbgoat: Sep 12 2013, 02:33 PM

Bro, read carefully, I said up to....

Like I have been mentioning for months in my my Fixed Deposit Page, for OCBC Combo Plan (now Mega Save), timing is crucial. Now, if you go deposit sometime middle of the month, the effective interest comes out to be less than 3.6% with the 4.2% 3 months FD Promo. Go deposit last day of the month and withdraw last day of the month after 3 months, the effective interest comes out to be 3.467% (see see the number, who will want to go deposit there? hahaha).

Seriously, I stopped going for OCBC Combo Plan after I ran out of names to open PB to qualify for the 5% 3 Months FD for half AUM (at that time also no need to purchase investment products) and get effective interest rate close to 4.5%. Moreover, not to say I got funds coming in every 1st or 2nd of the month to optimize the Combo Plan returns. Now with 4.2% and getting effective rates close or lower than Affin's 3.6% 12 Month FD rate, when you go sign up for Mega Save after the first week of the month, what is the point? For me any promo earning effective interest rate less than 3.6% is not worth the time.

The smart ones of course have opted to go with BR... example BoomChaCha going with straight forward 3.65% 3 months with BR, no need to waste time calculating effective interest rate and making monthly deposit

Went to KFH Klang branch today. Deposited some money into their 3.8% for 6 months FD promo. Friendly staffs, not many people, parking easy, very happy with their service.

You'll have to open a S/A, they have a few types of S/A. First is the basic one which only require RM20 to open the account, can't remember how much is the interest rate for this one. The other one is RM200 minimum initial deposit for 1.5% p.a. or RM1000 minimum initial deposit for 2% p.a. No minimum balance required in the account to maintain the interest rate. Placed FD for 6 months, went out do my things a while and went back to the bank after an hour to collect the receipt.

I'm pulling most of my funds out from OCBC now. Very headache with their accounts. Too confusing, too many accounts, every other week got statement come.

Placed my deposit with BR this afternoon. Very friendly staff with wide smiles!

Dont lah promote BR ! The more people deposit there, the lesser the rate we can bargain in the future..

Which branch did you go to in Pg ?

Can share with us what rate did you get..?

This post has been edited by BoomChaCha: Sep 12 2013, 05:39 PM

Yes, I will try it later. Thanks

Yes, this is very important to use time efficiency, otherwise we will lose interest.

I always write down FD maturity dates on my calendar so that I can prepare to withdraw
FD that will mature and re-deposit it as new FD into another bank on the same day.

This post has been edited by BoomChaCha: Sep 12 2013, 05:55 PM

Yeah, the effective rates of theirs are no longer decent enough for us to go for it considering how we have to keep monitoring RM1K deposit every month and the timing of opening/closing, etc. I'm getting Zzz with it, so time for me to take it out too. Being a Premier customer doesn't have much difference anyway.

Is there any difference on which SA we open? If not, I assume you went for the basic?
And I heard the interest is paid upfront or something, I'm not sure.

Lol, yes...more skeptical people like me will be going for it too, haha...

no scared.. meh..

I do agree that OCBC seems to make things damn complicated. BNM has left OPR unchanged but banks are reducing Fd rates, seems like too much liquidity in the system, money printing ?

Bro, ever heard of future transfer ... Use it via internet banking, makes life easier... Just maintain minimum amount enough , so far did not hear anyone losing Premier Banking status yet...

The one in town. Opposite First Avenue. Easy parking, straight cucuk infront! LOL!

I got 4.01. I did not place a huge sum, so no nego.

General, when did OCBC start to introduce Premier Savings account? Any idea?

Then, any gifts from BR?

Zero!

Ok.. but a bit surprised.. Thanks

This post has been edited by BoomChaCha: Sep 12 2013, 11:40 PM

Scared, but then I reckon shouldn't be too risky as well :S

Hi haur, your 4.01 is the board rate ah? Meaning you put 1 year, correct?
I don't like the town area there, so congested. I wonder if the one at Bayan Lepas is better or not. And any free gifts, haha...

I am sure many here have been given free gifts from BR FD placement. I have had bath towels, T shirt, manicure sets and recently Parker pen sets.

The thing is i was never asked to sign any form acknowledge that customer has taken that gift.

It looks like they can just take those gifts away and give to any one, since no customer acknowledgement is required.

Any of you signed any acknowledgement when given a gift for FD placement?


How do i put up the pix of BR pen sets here?Any sifu can teach?
ok just try the attachment and see. just browse, open, then click on attachment right? but nothing came out...

This post has been edited by guy3288: Sep 13 2013, 12:05 AM

No, I have never signed any acknowledgement letter for gifts received.
But all the times only the high level manager or officer pass me the gifts.

gee.. I did not understand what a "pix" was...

(1) Click on "Browse" tab, select the photo from your PC
(2) Click "Add This Attachment"
(3) Click "Add into Post"
(4) Click "Submit Modified Post"..

This post has been edited by BoomChaCha: Sep 13 2013, 12:47 AM

I think it has to be JPG format.. no need post pics of Parker pens.. that one cheapo type, BR gave me a few without even asking...

BR gift no one sign for anything. OCBC even for secret recipe voucher need to sign. I remember once OCBC gave Mont Blanc pen need to sign reparation clause of RM1k++.

This post has been edited by magika: Sep 13 2013, 08:52 AM

No PIDM! quite risky lah... No wonder failed to get better rates the last I deposited there. Many forumers on the hush- hush depositing , the more BR received deposit the less they will nego...

This post has been edited by magika: Sep 13 2013, 08:50 AM

dont why i cant upload, click attachment, then wait... end nothing is there. IMG JPEG yes, 2.21MB too big file?

ok i know why, file too big earlier cannot upload, compressed it ok now.

This post has been edited by guy3288: Sep 13 2013, 08:38 PM

Most of us small kitty only. I remember once they gave me every single item they had, and yet I still have the temerity of asking for a few extra shoe bags...ha..haa.

50k

Bro, the OCBC Premier SA was in existence even before I had PB with them. And I guess you don't read my blog In my article The Best Savings Account in Malaysia (once again click here to read it) I prepared a table back in August 2012 comparing different account and the interest rate and OCBC Premier SA is one of them. I just updated this said article to include UOB eAccount and Fun Savers.

Bro, I guess the small kitty description does not applies to you, based on the OCBC gift, you are the lion king here

So far best rate - KFH 3.8% min 20k?

Anyone knows whether AffinBank has a good internet banking system? Does it offer placement and upliftment of FD online?

The one at Jalan Magazine downtown Penang is the exact opposite. Staff all sulky.

Just the annual interest rate only. I went for the RM1k minimum initial deposit to get 2% p.a.

Yea, I was told their previous FDs paid interest (or they call it "profit") upfront, but this 3.8% will only pay interest upon maturity and is credited into the SA.

OCBC memang lots of paperwork, very pening.
Then afterwards will call us to see if we receive the product information sheet and all that.

Guys, maybe we can add something to Post #1...

"the best FD rates for banks WITH INTERNET FD PLACEMENT FACILITY"

Not bad ah, 50k and can get some free gifts.

The one haur went for is this branch. I find the location very suffocating...that's why I'm thinking of the one in Bayan Lepas. But so far no one tried that out yet. Anyone?

Thanks for the info!

Looks like for now, I can take a bit put at KFH and BR for testing.

Yup, but it seem not a preference among forumer here..

PIDM protection is max RM250k from each bank? For those PIDM protected.

Big difference - KFH pay interest end of 1 year, BR pays interest every month.

One with PIDM and another without.

i know im conservative

General, I did read your article "The Best Savings Account in Malaysia" before I posted my question.
I just tried to find out how old is premier saving account in OCBC. After reading your article, now I figure out
we need to understand the bank deposit products first before go to banks, we cannot always count on the RMs.
Thanks so much for your efforts and valuable articles.
----------------------------------------------------------------------------------

RHB CMD-i FD Promo (Islamic) - Effective from 13 September to 30 September

RHB has extended their two FD promos to 30 September

(1) 3.78% for 12 months FD
Can request interest to be paid in monthly, quarterly, half yearly, or upon FD maturity. No upfront interest.

Requirements:
For RHB existing customers only (existing saving account holders are eligible)
Minimum placement: RM 10 K with fresh fund
Maximum placement: RM 3 million with fresh fund

Campaign Target: RM 250 Million

Note: I forgot to ask RHB if this 3.78% FD promo requires to open a new saving account or not?

(2) 3.88% for 12 months FD bundled with 3 months CASA
Can request interest to be paid in monthly, quarterly, half yearly, or upon FD maturity. No upfront interest.

Requirements:
For both RHB new customers and existing customers (existing saving account holders are eligible)
Minimum placement: RM 25 K with fresh fund
Maximum placement: RM 5 million with fresh fund
90% of fund in FD for 12 months
10% of fund in CASA for 3 months

Campaign Target for FD: RM 200 Million
Campaign Target for CASA: RM 20 Million

RHB saving account rates -->

RHB current account rates -->

This post has been edited by BoomChaCha: Sep 17 2013, 05:36 PM

Hi everyone, (WTA) i hv placed a maybank eFD last month & then my maturity date is today. I hav selected to transfer my money back to my account. But, i havent receive my money back until now. Is it normal? Normally how soon can we get back the $$?

Thx

That's weird. Mine are usually instantly reflected in my bank account if I made an uplift. Looking to hear answers from sifu here as well.

Per PIDM website:

Your eligible deposits are protected up to RM250,000 per depositor per member bank.

50k over period of time or 1 time ? Did you ask for higher rate than their published board rate ?

Did you get the gifts over few times deposit ? They used to have lap top bag, school bag to give away.

Looks like Pg guys active with BR now ???

I only used Jelutong branch so far as it is nearer to me and don't have to go to Magazine Road.

bbgoat not combining 5 posts in a row is call spamming

I guess you are still new at this, but you should cut and paste and then only post all your replies in a single post.

TS..

I wonder whether you can enclosed the relevant promotion in spoiler form so that only the title and subtitle is visible and the rest enclosed in spoiler.

Its a hassle scrolling down especially for those of us using mobile devces.
Mucho gracias !!