It depends on individual. For me, waiting for the OPR change and wait for new promotions.

ok, wait for the OPR change first before jump in..

OPR raised and no more promotion. Is it possible?

Hi, I went to enquire about Affin's 12 mths FD. 3.6%. The customer service person told me that interest would be credited monthly into savings provided I put in RM10k minimum. Anyone has experience in this?
Thank you.

got 3.9% out there from the first page, anything higher than inflation rate?

FD promotion will always be there depending on that particular banks need for cash. With OPR change whether it will move up by how much or same amount, hard to say. My opinion.


You mean Bank Rakyat (BR) 1 yr rate 3.9% ?

I have a questions worth pondering, instead of focus on interest rate too much, the following questions could be a good decision making for FD...

Question 1: which bank would you invest FD in if hypothetical they all offer same competitive rates?

Question 2: why would you choose this bank?

Yes, but..



I don't know about you, but it doesn't sound professional to me as a bank not to define wth is pihak berkuasa.

Any bank as long as it has a branch near to my location, no parking issue, low banker's cheque cost...free gift, nice bank staff would be a bonus

Ya, each person will have their own reasons, even if one bank offers higher rate than the other. Not to mention the same rates.

One more could be courteous staff, sui girl ....................

If all offer the same competitive rates, then I choose the one with PIDM protected

can i ask a noob question - must you always have a savings account with a bank before you open an FD account with them?

Lets say i have a MBB account and since the rate is crappy - i want to put FD in UOB.. must I first open a UOB savings acc? if so, what happens after the 1 year that i place the FD - my UOB acc just remains or can i opt to close it?

Affin.

Location is near my place, and not many people. so all transactions are done super quick

And then maybe RHB. Same reason as above.

And of course Maybank, because E-FD is very convenient.

Convenient to me

I choose the bank with cute girls only.

No, not necessary to have current or saving account (CASA). However, some may require you to open CASA for interest debit purposes or some promo may require you to deposit some % into CASA.

Perbadanan Insurans Deposit Malaysia (PIDM) protection?

which PIDM clauses specifically are you are looking for protection?

Additional info for the

It is open till end of next month

Thanks for your comment, it's good you know what you need specifically...

how about a quick comparison on Affin vs RHB vs Maybank?

(add Public Bank & Ambank too if you are familiar)

yup, Perbadanan Insurans Deposit Malaysia.

PIDM protection for FD & Savings accounts

I think it's upto $250k/bank