Most probably will be Affin. But why they never promote it? Weird..
But as some forumer said, 12 months will be better to catch next year Merdeka promo.

Haiz. So indecisive

those with FD happy, those with loans 

Sept kinda too near, Nov is quite good time if BNM do change the OPR then

Thanks for the "good" news ! 

BCC, November another OPR increase. Not Sept ?  So have to put in short term ?

I think I will still go with Affin & MBSB for FD maturing soon before Nov month. 

The promo is on in Affin Islamic too.  I placed 3mths FD there at 3.55% after being told abt it by the Branch Manager who said it is for 'select' customers but then at min RM 10k fresh funds its hardly Privilege Banking standard! Was also informed that the promo rates are reviewed every two to three weeks by their HQ.

Opted for 3 mths instead of 12 or 15 mths because think OPR will go up again in less than a year and I can manually roll-over the principal+interest to catch the next wave of FD promos at better rates. Must remember FD's interest are not calculated on a daily or monthly rest basis. So will miss out on the compounded effect if the tenure is longer. In fact was thinking of the one mth term at 3.37% but even for this 'wo liao' (idle) auntie its a bit tiresome to keep track

If you can be bothered, the one mth is actually ok because you can instruct for the principal+ interest or the interest only to be credited to your savings account. Their Affin Plus account gives pretty decent interest for a savings acct.

Was pleasantly surprised to find out that I can close my savings account (provided it has less than RM 500 balance) via the phone when I called OCBC's hotline to find out if I can close my accounts in any branch.

They will credit your balance into any of  acct you have with other banks but you must fax or scan them the other banks' statement to prove that you are actually the account holder.

I could not use this service because my OCBC savings accounts are all in joint names and the account I want the balance to be credited to is only in my name.  OCBC said they can only  credit the balance to another bank's account that bears the same names as the closed OCBC account.

In the end as advised by the CS, I had to go to the home branch to close my accounts.  Had another pleasant surprise at the branch when told that I could also close a savings account I had with another branch. It saved me a lot time of having to go the other home branch to close that acct.

RHB step up FD gives the flexibility to switch bank in case the OPR going up by this year...

Thanks for the "good" news ! 

BCC, November another OPR increase. Not Sept ?  So have to put in short term ?

I think I will still go with Affin & MBSB for FD maturing soon before Nov month. 

I doubt RHB 3.88% for 1 year is still available..? 

Renewed and top up my RHB FD for 12 months at 3.88% yesterday. The step up after 12 months will get slightly less than 3.78%. This is because of the 5% FD to be placed in CASA.

I will take at least 3 months because I think banks will take time to respond
to OPR change; furthermore it is quite tiring for me to keep track and update
my FD every month.

<4% effective p.a. don't even bother to look at it. No dilemma.

>4% effective p.a. only need to check PIDM coverage, % fund for CA/SA requirement, step-ups availability (for interim alternative exit strategy).

Constructive discussion would be to post future > 4.2% effective p.a. with PIDM, otherwise the choice is so clear.

Renewed and top up my RHB FD for 12 months at 3.88% yesterday. The step up after 12 months will get slightly less than 3.78%. This is because of the 5% FD to be placed in CASA.

If you have taken up the stepup FD to 12 months, you most likely will not cash out becos the next  3months you will get 5.38%. So effectively u get > 4% even with the CASA thingy.

Interesting find at RHB website.

Junior Savings Account (effective 18 July 2014)
RANGE (RM) NOMINAL RATES (p.a.) EFFECTIVE RATES (p.a.)
Up to 100,000 3.15% 3.17%
Above 100,000 0.70% 0.70%

A savings account rate almost as high as 1 month FD rate.

http://www.rhb.com.my/rate_charges/interes...vings_main.html

hong leong junior saving account is exactly the same as 1 month FD rate at 3.05%. The drawback is any withdrawal after second withdrawal (if my memory is right) will be charged RM 2 per withdrawal.

Renewed and top up my RHB FD for 12 months at 3.88% yesterday. The step up after 12 months will get slightly less than 3.78%. This is because of the 5% FD to be placed in CASA.

At. RHB now.

Just now i went to Maybank for FD Merdeka 3+3 with interest 3.73%, but they say it is finish from yesterday  
So it's any better FD promotion for 6 moths?