Ha ha, for simple calculation, exercise the brain lah.

I am not a computer junkie (not good with Excel formula). Just do 365 days (unless it is a leap year) then add the 2 days. Keep my mind active.

Yes, I use Excel too, especially those FD promo with ADB interest calculation.
And I use Excel to calculate daily interest for my MBB m2u Saver acct (with fund moving in and out) that give 2.1%p.a. on daily balances. So far matches the monthly credited interests.

hi guys 1k can open FD in any bank? or need min 10k ?

sorry for noob questions..

1k can FD for 3 months and above

Just came back from AM Bank.

Here are more details of the 3.38% + 3.7% combo FD:
- They did not really check how much fresh funds I had in my current account as they did not even say how much maximum I can put in the FD
- An umbrella is given if you put a total of RM 30,000 or more while a tote bag is given if RM50,000 or more.

- For the 18 months 3.7% FD, interest is credited into your account every 6 months
- For the 6 months 3.38%, you can close that FD after 6 months

I also used Excel to track all my assets. FD separate by banks and monthly interest (where given). Except do not use more advance features for daily interest calculation. Used it to track all FD maturity dates instead of flipping thru' all the certs.

Also able to see all my assets including UT, stocks, KWSP etc. Also tally assets regularly to see if total goes up or down.

This post has been edited by bbgoat: Apr 24 2014, 09:48 PM

some banks offering 3months special FD rates....but have to tie up a minimum amount...money cant touch for that few months lor

Please be more specific. Amount, FD rate, which bank.

It's good to post information about FD promo but please do tell which bank, rate & any other TnC

http://www.imoney.my/fixed-deposit

It has good info there. But BR's rate seem not updated still showing 1 year at 3.96% despite showing website updated on 7/4/2014.

hey just curious
if i take up OCBC promo option 1
isnt it almost the same i take BR 18M?

Hi all, anything for May yet? All promo rates seem to expire end Apr. I've 1 FD matured in early May.
Plan to switch from BR to other bank, preferably e-FD.

OCBC is PIDM protected

ya, was thinking about that too. but maybe they have some scheme where 1st 3 mths are high rate then go down to normal rate.

I have deposited with BR and told them that I want the FD to be auto renewed everytime the terms end. But there is no indication on that on my FD slip at all. Is this actually the right procedure?

i thought that by default, it is auto-renewal at the prevailing board rate?

I don't know. That's why I'm asking

I only did e-FD in the past so all these FD with certs is a whole new concept to me

This post has been edited by tifosi: Apr 28 2014, 05:40 PM

As far as I know, for BR, we need to go and request for new FD certs, as the printed maturity date has passed.
I used to see other banks' certs (smaller than half A4 size) can be "updated" by printing a line at the back of the certs, but BR one (full A4 size) just looks different.
I requested for new certs post maturity for mine, main reason was to re-nego for better rate and get a fresh certs for peace of mind.
You may want to call their CS to confirm.

If the FD auto renew at board rate, there is no need to get a new cert. Only if you nego to get better rate, then you should get a new cert.