New Promo from Ambank

In conjunction with Mother's Day, AmBank had launched a Mother's Day Special FD campaign from 9th to 23rd May 2014.

The campaign is open to all new and existing individual customers of AmBank who open and/or maintain Everyday Saving Account or Family First Everyday Account-i with minimum deposit of RM 1000 and will be earmarked for 30 days. Each eligible customer shall be entitled for a promotional rate of 3.60% p.a. for Fixed Deposit/Term Deposit- i with 8-month tenure.

The promotional rate is subject to a minimum fresh fund placement of RM 10000 for all individual customers. The promotional rate is applicable for placement of one cycle only. Upon maturity of the Fixed Deposit Account/Term Deposit-i Account, the interest/profit will be credited into eligible customer’s Everyday Saving Account or Family First Everyday Account-i.

Source: http://48smart.blogspot.com/2014/05/ambank...d-campaign.html

There's a limit of 10K to withdraw from different BR branch?

Which BR branch staff told you that?

I've posted in FD thread before, the limit is 50K & I know for sure that this limit is in force since early last year. So, 50K is not a new limit.

Tarak quality & inadequate knowledge punya staff...

Called BR, the ABM said he will check out and call me back. Looks like he still did not have the whole picture yet. 

Will update later.

Update:

He called me back. Confirm their system have problem, their IT guy working on it. But funny thing is I have one cert affected in one of the account while that acct have more certs than the other one. The one cert affected has interest as BCC mentioned calculated from date affected right up to May 1st. So that is the one which I expected the interest in on the 8th. But funny thing is the FD due on the 4th not affected and the interest is in as normal.   

The ABM apologized for the inconvenience.

Well, some more FD monthly interest due tomorrow and later. Will just have to monitor and complain .................

did the minister really sack the BR chairman 

KFH is currently suing Jaikishan for an unpaid banking facility amounting to RM170 million.
Through a letter of offer dated Nov 16, 2007, Deepak was awarded RM170 million worth of Islamic financing facilities which consists of :
i) KFH Ijarah Muntahiah BitamlikAsset Backed Financing-i Facility of RM26.6 million.
ii) KFH Ijarah Muntahiah BitamlikAsset Backed Acquisition Financing-i Facility of RM93.4 million.
iii) Interchangeable and Combined Limit Facility not exceeding RM50 million.

this kinda person, they would do anything to reach the top. they just want to show that they could do wonders with money and power. they just couldn't accept the word LOST as they think they're already at the top of everything now. Defamation takes place one after another, without concern if you are an enemy nor once a friend... But now with the video showed that revealed what Anwar had denied earlier, about all the links to this man.. what more can I say.. they certainly are going down down down down down man~.

Nah I rather stick to something that has a stable terms investment.

Anyways, I calculated 3.2 against 3.6. It isnt much 30960 against 31080  plus Kuching has only ONE BANK from Affin. I think I will open a Maybank E-FD account for convenience sake.

did the minister really sack the BR chairman 

The Trade Minister has the power and authority to fire BR Chairman meh..? 

That is a mess-up of FD dividends this time.. 

But I have seen a lot of BR FD advertisements on TV lately, so they think their FD rates are the best in
Malaysia. But never mentioned about no PIDM on the TV ads..!!

Anyway, for that 18 months option, it is printed on the slip as:

#545 DAYS, *180/365=3.60%PA/4.00%PA

Can someone confirm whether its the same for theirs? Can check OCBC online banking too?

I am abit concern because when I check OCBC online, it shows (see image):

6540 months tenor and 3.6% rate?

Hi. Need some advice here.
I'm thinking of uplift Mach 6 month FD and place OCBC 18 month FD (since they need fresh fund). Does Mach branch issue banker cheque? Or I should go to Hong Leong bank?

OT...

You guys depositing money in BR should go educate yourself about BR and not just harping on earning high interest rates.

Firstly, did you know that all BR permanent staff are considered Civil Servants under the law? So, of course the government (people in power) can sack anyone in BR.

In previously threads I have touched on BR management and I pointed out to you guys that BR Chairman was an Ex-UMNO Minister and someone said so what? It means BR Chairman Post is a political appointment, which means he has to take instructions from to people who put him there (i.e. UMNO).

However, the news article said sacked but in reality usually these appointments are on contract basis and I guess it was more like his contract not renewed. And of course, don't believe everything you read on the internet as gospel truth including online news portal which are pro or anti BN.

In HL Bank today. Heard from counter girl that by Monday they will have new FD promotion of step up rate with effective rate of 3.63%. I did not ask if there is any CASA requirement. Lets see by the coming Monday.

Cheers !

My hair is wet.. 

I have to stay in BR's ship to reach the destination by 2017 as scheduled, hopefully the ship not hitting
any icebergs in the mid way so that we do not need to jump to the sea without life jackets (PIDM)... 

Thanks for the info..Captain 

Thanks for the latest HLB FD info.. Top Goat.

For all my BR FD that received dividend on 1st May, BR did not pay dividend yesterday (if use FD mature date); so
I guess BR will pay my next dividend on 1st of June... How about yours so far..?

2 weeks ago, BR Call Centre promised to post me a letter to explain all about this early dividend issue, but so far
I have not received any letter from them..?

If BR's auto credit system has problem, it does not make any sense they still cannot solve the problem until today..?

Ha ha ha, 2017 for you ? I have some 2 yrs FD due in 2016. Sleep well, bro. Me too. 
In fact I have been putting new FD to BR lately ..................
Life always have risks, so we just have to spread out our risks .........

I posted a post few days ago on the BR's ABM apologizing to me on their system error. He said their IT is fixing the issue.

So far, those FD that have interest paid on 1st of May do NOT receive interest on the monthly due date. Those that did not receive the advance FD received the correct FD on the exact date as before. It is crazy that some FD are affected only.

So for those FD affected, BR should credit the add'l interest next month. We would have to check it manually. 

So, looks like they have fixed the issue except they owe us the add'l interest (over the advanced interest given). 

For more than a year, BR has credited the dividend to my saving account without fail. This month, for some unknown reason, it is a few hundred RM short. Hope this has nothing to do with the recent reported Chairman issue.

Cheerio.

If you are not worried, then I should not be worried loh; Otherwise, you jump I jump .. 
BR is supposed to send out letter to all affected accounts, but they did not do it. From this part, we can say
BR is not professional at all...  ..A very lousy bank..

Okay, let's see what is going on later... Thanks.. 

For more than a year, BR has credited the dividend to my saving account without fail. This month, for some unknown reason, it is a few hundred RM short. Hope this has nothing to do with the recent reported Chairman issue.

Cheerio.