I placed the same FD today and i'm uncomfortable when the cert itself doesn't mention clearly of the 3+3 FD promo interest. I asked the bank officer to issue me a proper document to go with the FD cert which they reluctant to do so. came back home and checked online on maybank2u my FD cert no. says its a 3 month FD with 3.3% interest rate.

kinda pissed since i took half a day just to get this done. Due to my pass bad experience with this bank i'm cancelling the FD placement with maybank tomorrow, I made my mind to move the funds to OCBC for 3.9% deal instead.

This post has been edited by pinpinmiao: Jul 22 2014, 05:06 PM

I did all my FDs stuff while running banking errands for my co. Cost on them Sometimes these are the benefits for small co without runner boy. Please do not follow what i did

Quoted for future reference

1st of all, the system can't print so many rates on that small piece of FD receipt. So by default only the starting rate was printed. Secondly, the staff should give you the 3+3 Merdeka champaign TnC print out upon request. Go to OCBC la, got printed 3.90% on the receipt.

Wah ! you eat snake ar ?

I'm just sharing.not teaching anyone anything. sharing is caring


told you i'm running banking errands ma. it's 'along the way'

Actually for RHB 15 months, if you re-deposit the interest paid every 3 months to your CASA to 1 month rate of 3.25% - you would gain additional 0.7474%

Meaning total effective will be approx. 4.14%

Cons:
1. very small if principal amount is small; might not even worth the hassle to withdraw from RHB every 3 months.
2. to deposit for 1 month minimum 5k required or 3 months you would need 1k.

Example with 100k deposit



If deposit 10k i think no one would go withdraw less than 100 bucks interest every 3 months for this 0.7% gain.

This post has been edited by bearbear: Jul 22 2014, 05:52 PM

OCBC 3.9% 12-mth better or RHB 4.1% 15-mth better ya? Duration of FD placement is not an issue to me (not using the funds)

Of course RHB, higher rate.

MBSB 4.7% for 60 months if you can accept tenure and non-PIDM, yet.

OK, today running to KFH (Kuwait) & RHB. Update to share info.

KFH withdraw FD, banker's cheque RM2.15. GIRO RM2. Pretty fast, 15 min. KFH girl said they are focussing more on car and housing loan. No promo now. Intended to cancel their debit card but was told no more annual fees. So kept it.

But spent 1hr in RHB to open new accts, SA & FD. RHB SA must have yearly activity, if not charge RM10 per year. Are all banks doing that ?

For internet acct got the debit card at RM8 for 1st year. To cancel later. FD 15 mths, for the banker's cheque got higher RM to FD portion and <5% to SA.

Was told that if kept 10k in SA for 3 months, get a car boot kit free.

We need more humor here.

Did request this and what i got in return was a pencil hand written behind the FD cert.

Even those bank which did the step up promo in the past had their TnC clearly printed.

My concern here is i got nothing with me to claim against them in the case where after 6 months i'm being given something else instead of the 3.40% + 4.06%

Bank no time entertain ikan bilis like me so better kiasu kiasi than regret later.

Wah !! Bro, First time I come across this type of answer within a question punya question
Since answer already given, then it must be RHB 15 mths right, right Bro ???

This post has been edited by aeiou228: Jul 22 2014, 08:22 PM

Wah...You placed FD for 15 months in RHB..? Rocket speed action ah...

Yes, if no transaction in saving account for more than a year, banks will debit RM 10 from
saving account each year until no more money in saving account .
Yes, all banks are doing this same way..

This post has been edited by BoomChaCha: Jul 22 2014, 08:28 PM

RHB's 15 mth rate to me is good. First time to put FD into something that has CASA requirement. But the effective rate is rather attractive.

Never know about this. Better check all my SA and terminate those that is non active. Thanks !

I will have to miss this RHB FD promo because I do not have any money
to place FD..

Each saving account must have at least one transaction per year; but sometimes banks require
us to have at least one deposit and one withdrawal per year. Otherwise, bank will debit RM 10
from your saving account until your saving account close.

For example, if you have 10 saving accounts that you have not done any activities
since 2 years ago, this means you already lost RM 200...

I do not think you are ikan billis, but I think you are golden dragon fish...

This post has been edited by BoomChaCha: Jul 22 2014, 09:45 PM

Only 3 more months different ma..
I would go for 15 months..

I am checking all my SA. RM 200 in 2 yrs from 10 accts ?