different bank & different branch have their own definition of "fresh funds"

Can do over the counter interbank giro, there is no cap of 10k per day but the fee is ~rm2.

When RHB merged with CIMB, all the FD rate would follow CIMB. There's some risk that they might not honor the existing FD placement rate in RHB after the merger

Was in RHB again today. Just have to hope RHB/CIMB will honor the old FD promo after they merged.

Interesting definition of fresh fund ! So have to place the FD once fund transferred.

I was thinking about that. But going along with BCC's thinking. Taking the risk. Anyway hopefully in 3 mths time, this will be clear.

BR 12-mth rate increased to 3.92% already?

i put rm 2.5k just now for one year, matured amount is rm2598.03.

FD date: 25-07-2014
matured date: 27-07-2015

Not sure if it was reported. RHB 12 mths FD at 3.88%. No CASA requirement. Until end of Aug.

RHB 15 mths step-up FD promo has quota of RM1 billion or until end of Aug.

25/7/2015 is on saturday lar.. BR not working

my point here is BR increased 3.9% to 3.92%.

You have to calculate to 367 days and you will get exactly 98.03 interest at 3.9%.

It your decision to place in RHB & take the risk. I'm not in the position to "force" you not to place any FD in RHB for now

oh i see. thanks for the clarification. fd newbie here.

If they increase the FD rate, not likely they will do so for 0.02%. Still waiting for them to increase their FD rate.

... I am the one that always receive towel all the time from bank for deposit -- not even near a big boy at all ...

... I think they will honor but until the stated terms within the contract. That is because I was with Southern Bank when CIMB took over ...

I see. Thanks

then good for those who take up MBSB 60 months deal at 4.7%, from non-pidm to pidm protected

Since everybody knows that 3 banks will merge in few months later, if RHB plans to
terminate all the existing FDs after they merge; then by right RHB is not supposed to
offer any new FD promo now.

If RHB dares to terminate their recent FD promo after they merge, then RHB is fooling their customers..

My personal thinking only...

This is what I think, if they terminate or refund all the existing FDs, this means a very big
amount of money will suddenly be gone from these 3 financial organizations in few days,
then how do they maintain their business operations that have been planed?

Especially how do they manage all the existing and new car loans? housing loans? business
loans and personal loans?

Debit and credit must be balance wor..

For example, suddenly if all FD depositors withdraw FDs from BR within a week,
will BR die or not..?

My personal opinion only..

Hu.. very steady man
Always receive towel all the time from bank also not even a big boy ah..?
Then I am still inside my mother stomach and not born yet loh..

I hope so lah..
How can they suddenly cancel FD like this?
Must respect customers in first priority ma..

You mean you had FD with Southern bank? Or you used to work for Southern bank?

You do not need admire other people ma...

Actually you can get it easily if you want, just place 5 Years FD with MBSB
after Hari Raya, then you have it loh...

Interesting point from non-pidm to pidm.

Come join us bearbear.