Lol.. Thanks for the info.. start preparing bullet.

Thanks fot the insight. U got a point there.. that's y I don't like more than 12 month tenure.

Well, if u don't mind running here and there, better opt for 1 month tenure 1st. After the olr news become official and banks starting to make promo, only decide which suit your taste.

Imo, regardless of the effective rate, it's not worth it. Judging from the simplest calculation,
Assuming capital 100k
If 100% fd @3.7= 3700
If 80% fd 20% casa @4.5= 3600

Just received SMS from UOB, 3.73% 12 months new funds. Ha ha, they are really promoting it by June end.

This post has been edited by bbgoat: Jun 20 2014, 11:26 AM

it state that you only need to maintain CASA for 90 days which make a whole lot of difference.

Anyway it does sound too good to be true.

Waiting for BCC to clarify, can't find more info on RHB site except the 15 months step up promo.

Put short term ones lor.

If I were you, I'll just withdraw upon maturity and put into short term 1 to 3 months FD promos.

Most of the time, autorenew is at board rate which is usually lower. Certain banks I know, if prematurely withdraw, they say will only give board rate which is based on the 1 month board rate.

Ya, there is some catch some where. No way it can be the 4.58% calculated for 12 months.

munkeyflo thank you aunty flo

short terms one, which one has the best rate?

Watchout the way you address our Top Flo !

Oops....Aunty Flo does sound a bit .....nevermind.....
A thousand apologies to munkeyflo

Some more last step up nd 50% casa.
Nd an expert with calculation.

Wah, don't call me liddat la uncle.

I think MBB has this 1-month promo for 3.2%, I'm not sure about the minimum placement for individual but for company is 50k. So I think individual is less.

Other than that are the ones with stupid CASA accounts lor. OCBC 3 months promo as usual, about 3.6% effective rate.

Bro, very sorry, RHB call center gave me wrong info yesterday.
I just called again to RHB (03-9206 8228) 2 minutes, they gave me the correct info as below:

(2) RHB Ramadan FD Promo -- Valid until 31 August 2014
(i) 3.78% for 3 moths, put 5% into CASA for 3 months
(ii) 3.88% for 6 months, put 10% into CASA for 6 months
(iii) 4.28% for 9 moths, put 20% into CASA for 9 months
(iv) 5.00% for 12 months, put 50% into CASA for 12 months

Except Max Cash & Junior Saving account.

Sorry again for the confusion..

I cannot find the link on RHB website.
I got this FD promo info from RHB counter..

Yes, you are right.
Effective rate is slightly lower than 4% since need to put 10% in CASA for 90 days.

This time RHB is no so genuine by using "effective rate 4.00%" on their promo flyer..



This post has been edited by BoomChaCha: Jun 20 2014, 01:22 PM

Have you calculated the effective rates yet? Why my calculation like something wrong wan.

Assuming CASA no interest, effective rates:
(i) 3.591%
(ii) 3.492%
(iii) 3.424%
(iv) 2.5% ??

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 what promo is this....longer you put lower rate

thanks BCC for sharing anyway

(2) RHB Ramadan FD Promo -- Valid until 31 August 2014
(i) 3.78% for 3 moths, put 5% into CASA for 3 months
(ii) 3.88% for 6 months, put 10% into CASA for 6 months
(iii) 4.28% for 9 moths, put 20% into CASA for 9 months
(iv) 5.00% for 12 months, put 50% into CASA for 12 months

Effective rates, assuming no interest in CASA.
I come out with the same as yours:

(i) 3.78% x .95 = 3.591 %
(ii) 3.88% x .9 = 3.492 %
(iii) 4.28% x .8 = 3.424 %
(iv) 5.00% x .5 = 2.5 %

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

Maybe they haven't finalize the promo la.

REfer to this FD promo:
http://www.rhb.com.my/Whats_New/deposits/s...D/#.U6KpuijDVAc

Top Flo has given you the answer on her Post #761:

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

for rhb promo, assuming 100k lock in for 3 months, what is the rate I get ?

(i) 3.78% for 3 moths, put 5% into CASA for 3 months
Effective rate 3.78% x .95 = 3.591 % (if no interest in CASA)