Hi all sifus,

Wanna ask advise regarding FD.

I have a 6 month FD placed in PBB since 2006 until now. I never touched the money at all during all these years. At that time, the officer also said I must open a SA in order to place FD, but they never issued a ATM card for me. After checking the statements, I found out that the rate used to be 3.5% in the 1st year, then it slowly decreased to 3.40, 3.35... Even dropped until 2.10% in 2010. After that it increased back to 3.10% up till now.

But after reading this thread, I think I'd chosen the wrong bank. Seeing that other banks offer much higher rate, I'd decided to take out all my money from PBB FD and place it somewhere else. Maturity date is less than 3 weeks.

Which bank do you all suggest? This is money that I won't touch, so no problem to leave it for long term, 1 year or 2 years are ok too. But due to the probability that OPR might increase again this year, should I put into 3 month FD first? If so, which banks do you all recommend?

And off topic a bit,
For SA we need to maintain at least 1 deposit/withdrawal in a year right? Otherwise bank will deduct Rm10 yearly. What do they mean by that? It must be performed over the counter or via ATM/CDM also can? Last month when I withdrew money from PBB SA, they deduct Rm40 because I didn't perform any activities in these 4 years. But w/o an ATM card, it is kinda troublesome for me to go to bank to do transactions.

You mean the ocbc 4.2% for 2 years? Sounds good but as other members said, maybe opr will increase again this year so I don't want to tie up my money yet. But will it be a big diff? Assuming the opr increases again, does the rate will be much higher or just a slight increase?

Yea, PBB sent me a letter last year, asked me to somehow "activate" back the FD coz I had left it dormant for 7 years. So they just renewed it for me. Only to prove that it is still active.

Yea, now my 1st option will be the OCBC 2 yr FD @ 4.2%.

My FD will only be matured in another 2weeks+.. So now I'm starting to survey which bank to place my FD in.
Will definitely visit here everyday or at least every 2 days

Thanks all sifus in advance!

I still have 18 days to decide which option to go for.
Currently only 1 in my mind, which is OCBC.

Prefer long term since I don't plan to touch the money.

Yea, Rm40 gone due to inactive account don't want to repeat this mistake anymore.

They never sent me any letters all these years, except the letter about FD account being dormant too long.
Yealo, plan to take out everything and close the account.

Thanks for the update I get from this thread, otherwise I also don't know which to go for. Good jobs guys!
Yup, heart pain leh money deducted just like that. really need to record down liao.

Hmm, then Affin should be my choice ady. Somemore someone here said Affin cert is thick and nice right? Lol

Anyway, 15 mths@4.05% is DEFINITELY better than my current 6 mths@3.10%.

BoomChaCha,

I tried to google for the Affin 15 mth FD promo but can't seem to find any info about it? Not even on their website.

Some forumer mentioned that, for the Affin 15 mth FD, we need to open SA? Somemore Rm100 for the passbook? Rm20 for ATM? What the....

Actually I only have 3 criteria for my next FD placement.

1) straightforward pure FD, no CASA
2) tenure doesn't matter
3) must be PIDM protected
4) highest interest that fit the 3 criterias above. Hehe

Any other better options? If possible I don't want those banks that gonna emerge soon. So headache..

Then how about the rm100 needed for the pass book as mentioned by someone here?

If only rm20 to open saving account, then it is fine.

Guess I don't have much choice other than Affin or OCBC.
Hopefully more banks will intro FD promo within this month.

Off topic,
If my CIMB SA account has less than Rm10, and it's been few years inactive. So it must be closed down automatically by the bank ady right? Do we still need to go to the bank to close it or just let it be? Just discard the atm card away?

Yea, let's see how it goes in these two weeks. Hehe.
Hope got other better deals.

That's why I don't like to have too many SA, two is enough for me. 1 is main, another 1 for back up. Coz it's troublesome to ensure they are active. Tend to forget about those accounts if seldom use them.

Sifu, don't be so humble. I'm sure you are also in the "rich and famous professional" category.

Good news for us!
More competitions between banks=higher FD rate for us, then we can have more choices.

still got plenty of time then. another 2 weeks to go to move to new "home"

Most probably will be Affin. But why they never promote it? Weird..
But as some forumer said, 12 months will be better to catch next year Merdeka promo.

Haiz. So indecisive

Been busy for the last few days until no time to visit here..
Good to see u guys so active here!

Busy looking for jobs and going for interviews.

Hi guys. My FD matured today. Meaning I could withdraw it tomorrow, right?

I still can't make up my mind which FD to go for. Because I'm not sure which tenure should I choose, with all the speculations that OPR will increase in sept.

Should I put 1m or 3m? Please suggest!

Finally i parked my money in UOB today, 13 month@3.9%.
Need to open a SA for them to deposit the interest which will be paid half yearly and the min amount needed to open the SA is Rm20. It comes with Atm card, no passbook.

The sales manager tried to intro me the saving plan which they collaborate with Prudential, 5.88% with min 9k investment, but i didn't want that. It's more suitable for long term saving.

No charges leh. I think it's free. Maybe u can choose either passbook or atm.