Guys,

Understand the current Ambank promotion may not be very attractive but I cannot seem to find the details anywhere.

From today's Star: 3.38% for 6 months + 3.7% for 18 months
50% must be placed in both tenures

But it did not say anywhere if fresh funds are required, anyone got any idea? Else will go check it out sometime next week.

I know about that promo but I have some money lying in ambank which I don't plan to transfer out soon.
Besides, is not as good as BR & waiting time at OCBC is really long for every opening of account

Thanks Captain. Just confirmed it too by asking them, didn't see that fine print.

Regulars here usually get gifts, eg. face towel, pedicure/manicure set, umbrella, parker pen


Not necessary unless you go for the monthly interest.

This post has been edited by gchowyh: Apr 18 2014, 03:17 PM

Just came back from AM Bank.

Here are more details of the 3.38% + 3.7% combo FD:
- They did not really check how much fresh funds I had in my current account as they did not even say how much maximum I can put in the FD
- An umbrella is given if you put a total of RM 30,000 or more while a tote bag is given if RM50,000 or more.

- For the 18 months 3.7% FD, interest is credited into your account every 6 months
- For the 6 months 3.38%, you can close that FD after 6 months

For me, be it banker's cheque or personal cheque, I always got the FD cert issued on the same day itself right from day 1 which was probably last year.

In fact, there was once my cheque was rejected due to some writing mistake & I went to replaced it 2 days later but still did not affect my FD date.

No issues on my side for BR as I have so far opted for interest payment upon maturity.

However, moving forward, I am considering changing to monthly interest as after calculating, it is possible to get additional around .05% interest if it is put into monthly FD of 2.95%

Guys,

Just saw in today's Star newspapers on Ambank's latest promo something like the following:

3.75% for 1 year FD
minimum amount of RM 100,000 for existing customers
Priority banking gets extra 0.10%

Thank you very much, was looking high & low for the online flyer!

Not too sure about the FD rate but there will be charges imposed:

Fees and Charges
Half yearly service fee of RM100 will be charged if the account minimum monthly average balance (deposits and/or investments) fall below RM200,000.

Anybody renewing their FD for shorter term than 1 year & for how many months?

I am thinking of putting at 6 months just sufficient to get the monthly interest for BR.

Guess now no need to play musical chair since there is no really attractive deal for the past several months.

Have decided to place 6 months FD at 3.65% interest with BR & first time trying out their monthly interest payment.

Unfortunately, they said this month they have not decided to give nego rate somemore!

A new feature I noticed at BR is the 'Exclusive' carpet where they said you will be served immediately if you have deposits RM300k or more. No other benefit though.

I saw it at the 2 branches in PJ I went to, at Section 14 and Damansara Utama branch
I am now torn between the 2 branches. 1 branch is possible to get parker pen but very very difficult to get nego rate while the other has nego rate but gifts not so good.

I already have the ATM COOP card & online account but they just charged me RM 5 for renewal fee this year.

Section 14 branch gives the nego rate. Once I was Damansara Utama branch there was an uncle who haggled very long only got the nego rate so don't think I want to spend so much time doing that.

Well, Parker pen is worth about RM60-RM70 i think so it would be more worthwhile than the nego rate for RM100k.
Anyhow, it depends on luck as this round Section 14 branch also said no nego rate declared for this month yet when I went there.

I got a plain solid white colour & one clear blue version but both are plastic on the outside so don't think will be much different in price


Yes, exactly! When I was there, there was another guy negotiating for a free gift but they said none at all & he even asked if BR can owe him the gift but cannot.
But when I placed my FD, suddenly out came an umbrella without asking though no nego rate.

Ok, next time i'll ask about the Co-op card.

This post has been edited by gchowyh: Jun 11 2014, 04:15 PM

I believe should be the 6 figure deposit & total deposit since they already checked when I requested for nego rate.

The branch I bank at minimum for nego rate is RM 100k & this time when I asked, they said no nego rate allowed yet for June. Very suspicious as previously no problems getting it.

I also asked if later this month will it be possible to have nego rate again they said yes.
Maybe they re-org after the 'incident' but on my end didn't really notice any changes.

We can only monitor & wait.
Guess many banks have their problems too. Like AM Bank, the new RM never bothered to intro herself to me & even when I went there, she didn't even appear after half an hour!

Earlier I almost forgot what was the short form of Relationship Manager too. It is RM.
Nah, is a new RM which I never talked to before.



Sorry xcxa23, I tried building a rapport before with AM Bank & it didn't work, be it with the branch manager or with the Priority Banking relationship manager.
The only benefit i got was they closed one eye for the recent FD promo where it requires fresh funds.

Haha Last time a friend told me, Public Bank does not need our money.
Actually they have improved alot as years ago they never had any promo.

I've just been waiting out on the OPR increase just like everyone else..

BR kaki's, I remembered there was a time where there were inconsistencies in the crediting of the monthly interest. Has that been resolved now?

So what day of the month does the interest get credited now? (For new FDs)

If I just placed my FD last month (less than 30 days), will I still get the interest this month?