Effective rate about 3.91% if calculated that 10% at 3% p.a. after the first 90 days.
Means it'll be higher than 3.91% but slightly lower than 4% if you put the 10% into higher interest FDs

Lol. Exactly. And 2.5% for 12 months? lolol.

Maybe they haven't finalize the promo la.

RHB CASA Interest Rates:
http://www.rhb.com.my/rate_charges/interes...vings_main.html
http://www.rhb.com.my/rate_charges/interes...rrent_main.html

Haha. Dunno. Maybe we are missing something out here. Earlier you all calculated 4.5%+ and now it's like 2.5%

No particular preference on bank but more on the staffs (friendliness, efficiency) and convenience (parking, queue).

Not necessary but some banks will require you to open a CASA account, especially some got those promo where you have to open a CASA with them. After you withdraw the FD and everything from the account, you can close it. I usually just leave the minimum amount in the account and that's it.

Mach quite inconvenient as you have to go to their Mach branches to open account and place the FD online.

Should be tiered rate. Last year place FD into Affin bank promo with those stupid CASA thingy and the CASA interest was tiered rate.

As far as I'm concern, if it's individual account, not taxable.
If it's company account, it's taxable when you declare your company income.

Actually, I'm also not sure. I think it'll go back into my Mach account. I did create a Mach account, came with ATM card. Then I transfer money into that Mach account to place FD last time. Interest is now credited into that account monthly and I think principal will masuk that account also when due.

Either I go ATM to withdraw, which I doubt I can. Or do online transfer, which also has limit. Or go to Mach outlet when the time comes kua. August got 2 Mach FD due, have to figure it out before then haha. Any others got experience with Mach?

Ooh. If can get banker's cheque from HL counter then it'll be much easier.

Mach quite convenient from my place, recently found out they open another one in Klang also.
Just open account with them enough edi lor. Everything else place online ma.

If I don't have any other accounts with HL, even if go to Mach branches also cannot do any OTC withdrawal? Or any GIRO transfer with no limit ones.

Great to hear that. I'll double confirm with the bank when my FD is due. Thanks

Nothing is fair.

Yea, Affin board rate for 1 year is pretty good already. That time they have promo for 9 months I think and effective rate around 3.66% after calculating the tiered interest in CASA. Anyway, that one withdraw everything and close account already

Depends on the effective rate lor. But yea, it's very much more troublesome.

Oh you have no idea how many CASA I have had with OCBC over the past 2-3 years lol. No more stupid CASA promo for me anymore.

Don't accept cheque placement then can only place by cash and cashier order?

So far have not encounter any bank that does not do cheque placement for me.

Yea. Good. No point waste time and brain cells calculating and maintaining all those CASA money.

Don't really get your question.

Principal amount should be available once you terminate it.
eGIRO is flat rate 10 cents for all banks now.

Received SMS from UOB staff:
Effective 3rd July
6 months 3.65%
13 months 3.85%

Have not call them up to get more details.

https://www.pbebank.com/Personal-Banking/Pr...r-FD-Rates.aspx
This one?

Have been discussed few pages back. Effective rate 3.4-3.5 or so.

UOB that July Promo need fresh funds or not?

Edit: Need fresh funds.

This post has been edited by munkeyflo: Jul 3 2014, 07:45 PM

1. Go to CIMB, get cashier order for a minimal fee. Go to Maybank, place FD with the CO. Perfect way if need fresh funds for those FD promos too.
2. Go to CIMB, do a GIRO transfer to Maybank for a minimal fee (or if you want immediate transfer then go for RENTAS, slightly more expensive). Get Maybank to direct debit your Maybank account for the FD placement.
3. Withdraw cash from CIMB and go to Maybank to place FD.

eGIRO of course can, but per day maximum 10k only, so for 100k, you need at least 10 days to finish transferring from CIMB account to Maybank account.