Like any insurance, this one would charge a premium and dilute the FD interest rate, am i right?

On PIDM website, many are members
http://www.pidm.gov.my/About-Deposit-Insur...ution-List.aspx

Next reverse question would be: "which FD package offers the most competitive rate that has PDIM coverage?"

Btw, are we looking at a revision of rate soon? how soon is that and is it likely upward or downward bias?

Thanks in advance... 

got extra for senior citizen? but affin branch not so common oh

ya because some bank got extra % for senior citizen, on top of the board rate

It is RM250k/bank and per account. 

I taught it is 250K per entity per bank.

As far as I knew, split to many account, won't entitle for the more coverage, aka you open 4 account with Bank A, you only entitled for 250k total.

You want 500K coverage then need to open account with Bank B.

http://www.pidm.gov.my/About-Deposit-Insurance/Coverage.aspx

Went to OCBC today for the 3 months @ 3.20% promo.

I really hate their system. First you need to go to the customer financial service side to open/uplift FD account, and then they will submit the document to the teller (counter) side to prepare the certificates.

No issue with the customer financial service side but the teller side is one of the worst banking service that I've ever experienced.

When the certificates are ready, they don't bother to call you for collection but continue to talk with their colleagues or doing other stuffs. The bank was not even pack with customers.

You will wait for a long period like a fool and when you approached them to ask, they said the certs are ready!

This is the second time I faced the exact same incident. I made a complaint for the first occasion and the manager already assured me that it was a one off incident 

the first time was on a wednesday..dont know why need to be so complicated...UOB, CIMB, Ambank..all so direct. Deal with one person from start to finish.

Yup, the 1st incident was reported to the HQ and the branch manager contacted me to follow up. Will be doing the same thing for this 2nd incident.

Meaning if OPR drops by big margin, they will drop the FD rate for long term FD which have been placed.

If OPR increase, FD rate stay the same ??? 

i think it is confirmed OPR will be increased. more likely 0.5%

Why? as my housing loan (this month) increased from rm1601 to rm1894..
came as a surprise to me

Yes. Im on auto debit.Already increased.greedy harimau. Is it actually legal even before announcement?

hong leong has a new 12 months 3.85% and 15 months at 4.0%

PBB STEP-UP FD:
3.4% (month 1 - 3)
3.6% (month 4 - 6)
3.8% (month 7 - 9)
According to T&C 4.5, interest rate will change with OPR?

https://www.pbebank.com/Personal-Banking/Pr...STEP-UP-FD.aspx

https://www.pbebank.com/pdf/Promotions/tc_p...up_frmjuly.aspx

4.5 The promotional interest or profit rate (whichever applicable) will be
subject to revision should there be any Overnight Policy Rate (OPR) change.
The revision of rate may impact any of the promotional interest or profit 
rate (whichever applicable) i.e. first 3-month rate or first rollover rate or
second rollover rate, where FD or investment placement made in this
Campaign will be subject to the revised promotional interest or profit  rate
(whichever applicable) for subsequent roll-overs.

Previously in my article A Little Bit of that and A Little Bit of That- Vol.1 Chap IV, I did a short write up on GIRO and RENTAS. Scroll down to Interbank GIRO and IBG Transfer via Over The Counter. In a nut shell, same day fund transfer BEFORE cut off time can be summarized as  follows:

1. GIRO - UP to RM100K per day. RM2 per transaction.

2. RENTAS - Up to RM500K per day. RM9 per transaction.

I'm using personal cheque to transfer money but being charged RM50 for "referral of cheque" fee.
Hence my advice is to minimise personal cheque for FD placement.

I immediately call CIMB when saw the RM50 'CRC charges' in CIMBClicks. The officer said is due to issuer didn't pick up call from cheque processing department for verification 'on the large amount being issued', therefore they need to conduct verification manually via internal and external system.

Don't know whether they are looking from money laundering angle.

I just closed my current account yesterday and never look back again.

I don't remember the limits, but I'm pretty sure I've done giro above 100k before at OCBC and UOB.

Edit: Checked back in 2012, OCBC definitely could. Affin last few months also above 100k for GIRO OTC. Unless they change the policy somehow. Next week will do GIRO with UOB, will ask them about the limits then if I remember.

Ya, 

I kind of still not trusting sending thru' the cloud >100k of my money. Would have preferred a banker's cheque. Kia Su guy vs our Top Flo/Lady. 

Thanks for calculating the effective rate !   

Wow, RHB FD is even better than BR's 15 month's 3.95%. Some more with PIDM.  BR cannot cliaim to have the highest FD rate. 

Call the CS this morning on this but was told that Junior SA not considered in this promo. Went to RHB taman Megah PJ's branch to reconfirm but was told otherwise.