I called to BR to ask about my FD which is maturing. Now the ABM said their loan rate is down to 3.3%

I personally prefer those 5% after tax REITs rather than EPF, any winter melon and tofu happen to Malaysia economy, you can liquidate within 4 trading days. But it all depend on individual risk tolerance.

September 30, 2013, 7:32 a.m. ET.
Foreigners Stay Away From Malaysia 30-Year Bond
Bankers Say Domestic Pension Funds, Insurers Bought the Inaugural Issue.
 
By ANJANI TRIVEDI

With markets jittery over the looming shutdown of the U.S. government, Malaysia's central bank sold 2.5 billion ringgit of 30-year bonds, the country's longest-maturity offering ever, but foreign investors stayed away.

Malaysia has seen cash flow out of the country as investors became convinced the U.S. Federal Open Market Committee would scale back the Federal Reserve's monetary easing—also known as quantitative easing or QE—sending the local currency down 9% from its peak.

"If we look at the flow from the last few weeks since FOMC, we've seen a big outflow from this side. That has left foreign investors less interested," said Wan Mohd Fakruddin Razi, chief investment officer at MCIS Zurich Insurance Bhd. in Kuala Lumpur. Investors aren't willing to take the currency risk and "bring in new money," he said.

One concern among investors has been Malaysia's debt. The country had $145 billion of local-currency government bonds outstanding—one of the highest levels in the region—as of June 30, according to the Asian Development Bank. Indonesia has $89 billion of outstanding government bonds, Thailand has $104 billion and Vietnam has $26 billion.
http://online.wsj.com/article/SB1000142405...3155928262.html

I opened a new FD on 17th Oct with 3.65% rate for 12 months.

3.65% fresh fund versus 3.55% existing fund

Difference is 100 interest for rm100k FD. Thus 2.15 banker cheque cost is negligible...IBG may be cheaper..

And like you said, save the hassle of doing transfer here and there.
Definitely AVFAN would have consider that but I bet AVFAN's time is worth more than RM100 per hour.

Ha ha, so I should be happy with the CIMB 5.2% every 3 months. But it is for 10 years !!!

FRNID is not a FD.
A structured investment is not a FD.
Interest is not guaranteed, and only given if meet the criteria set, if condition is not favourable, one may get nothing from it as well, depended on the structured investment set.

I dont trust  FRIND again, played out by CIMB before. First you have to pray that the Klibor or whatever index falls into your favourable ranges, if not no interest or very much lesser. Then you have to pray that the bank dont play you out when KLIBOR range is in your favour.

You cant beat the bank, when they have an escape clause  "call back".

Say FD Rate goes  down to eg 2% pa you might think you are lucky signing up for this FRIND that promises 5.2% for 3 years. But wait. dont be happy too fast, the bank can do the so called  "call back" and return your capital when prevailing FR rate is so damn low.

I kena before, when KLIBOR out of ranges few quarters no interest they dont do call back. When index come into the range and I got the 6% or so interest for 2 quarters only,  the bank started to play dirty - they called back the FRIND and returned my capital. End up after 2+ years only got something like 1% pa on average.

Better go for long term FD, you are assured of that rate till the every end.

Ya, still receive the 5.2% every 3 months for close to 2 years.

On hind sight as discussed by cherroy and others, I would not have invested in this in the future since CIMB has the upper hand of callback. 

what is the product name? can give more details.