just started a FD a/c with BR - 3 mths @ 3.6%. HLB banker's chq at rm5.15 is expensive! 

A new feature I noticed at BR is the 'Exclusive' carpet where they said you will be served immediately if you have deposits RM300k or more. No other benefit though.

Hello all expert in FD,
My FD is going to mature next week. Shall I withhold the fund first until BNM announce the hike in OPR ? Maybe later all banks may offer much more attractive rate or shall I just place my $$$ in other banks without wasting any time. Kindly advise. TQ

Bank Rakyat is offering the best rate in town.
However cannot link to Internet Banking so
very difficult to personally go-to-and-fro.

FD is for capital preservation with higher return than Saving A/C
Once its done, focus your time on other ways to grow your wealth.

bank rakyat can link to ebanking

BR's ATM won't even accept my phone number.

I saw it at the 2 branches in PJ I went to, at Section 14 and Damansara Utama branch
I am now torn between the 2 branches. 1 branch is possible to get parker pen but very very difficult to get nego rate while the other has nego rate but gifts not so good.

What is the current rate?

I mean the rate offered are equally high (above average) as compared to other banks.

It can even goes up to 3.75% upon 5 years deposit.

Ambank is offering 3.75% for 15 months deposit and is guaranteed bu pidm. I will move my funds there where my existing fd expires. BR is offering 3.95% for 15 months, so the difference is rm250 for 100k placement. i think i will treat this opportunity loss of rm250 as an insurance for my fd. Any thoughts?

I just hate to have so many bank accounts, so difficult to keep track. I have been keeping my funds with hsbc for years but they are giving shitty rates. BR gives the best rate but i just don't feel good about them right now bcos of the 32m saga. I would not park my funds to any bank that is easily influenced by a cabinet minister.

Yea same. Especially last time OCBC one. Close many SA there already. Haha.

The only requirement for Ambank is RM 100,000 fresh funds as a minumum.

Saving account lor. The smartsavers one. I think I opened and closed at least 2 already lol. Open to place FD then after that take out and close it, then few months later decide to put in again.
Usually if it was a promotional rate then auto renew will renew to board rate of the same tenure.

No leh. Smartsavers is for cheapskate ppl like me, need to top up 1k every month lol.

Top people go for Premier Save Gold account in OCBC

BR require minimum placement of 5k only right with 15 months of 3.95%?

With a 3.95% interest rates right?

It's a way to complicate matters by the bank. i did a brief calculation, i dunno the prevailing SA rate, but even if the 20% SA gives 1% interest pa, the effective rate is less than 3.7%

I already have the ATM COOP card & online account but they just charged me RM 5 for renewal fee this year.

Section 14 branch gives the nego rate. Once I was Damansara Utama branch there was an uncle who haggled very long only got the nego rate so don't think I want to spend so much time doing that.

Well, Parker pen is worth about RM60-RM70 i think so it would be more worthwhile than the nego rate for RM100k.
Anyhow, it depends on luck as this round Section 14 branch also said no nego rate declared for this month yet when I went there.

How to change to OP card?
What requirement?

You guys did not survey enough.

Best EVER Savings account is Maybank eSaver-i,
Interest of 0.4% less than 2k,
2.1% for less than 20k.... or
2.3% more than 20k...
Best FD at the Moment. (ALL are PIDM insured)
1. Maybank 1mth FD is 3.20%PA
2. Short Term is Standard Chartered is giving 3.5%PA for 6mths.
3. HLBB is giving 3.63%PA effective for 12mths. Min 10k.

Calculate the effective rates.. not the Stupid Promo rates of 8.88% for certain conditions & months.... when effective/average rates turn out to be 3.0%...

BLR is going up next month perhaps 0.25% ... That's why, don't place long term yet... I place a few hundred K in Maybank 1mth FD of 3.20%, to be move to another higher level next month.

Good Luck...

As usual.. I like Maybank because I transfer a lot to other MBB accounts holders. So its faster and free. The amount of cash sitting in the account is less than 50k... Anything more will be in FD... So MBB savers will serve me well. You can even do eFD online.

Affin pays slightly more, but in my case, the 10cents per GIRO and waiting time for others to received the money is not acceptable.

PBB effective rates are a JOKE.... Best place in OCBC or HLBB.

If u want the best rates for long term... PUT into KWSP... Max is RM60,000 per year at 6%, no one can beat that.. Its guaranteed also by the Government...

BR USJ only gave me an umbrella for 100k fd! cheapo lah! 

Sifus, if the maturity date is 8 Sep, does that mean I can redeem it on 8 Sep or 9 Sep? TQ 

Read somewhere that a forumer got a parker pen worth RM60-70. much better than an umbrella! 

will redeem it on 8 Sep then.