With credit card people tend to spend more esp on on-line purchase,everything is just one click. Might end up buying more and unnecessary items.

Your parents may be concern the outstanding bill they have to settle since you are not working.

Bank Negara has strict ruling on card application since last year. This is the monetary policy to reduce money supply in the market to control inflation rate.

Anyway this is FD topic and members may not want to answer coz it is out of topic. If not mistaken, there are topic on credit card in Lowyat forum. Just Google and search

This post has been edited by gsc: Oct 23 2014, 08:59 AM

Just managed to get my FD done at MBB Bukit Damansara for 12 mths with upfront interest paid.

what is the interest rate?

so, must be from CIMB/RHB/MBSB? i have funds from HLB, if they do not hold firm to the CIMB rule, then ill jump ship too

4% upfront.

Better jump/abandon ship fast before MBB quota met. Better call to check if the branch insist on the 3 banks. Their branches seems to practice differently.

This post has been edited by bbgoat: Oct 23 2014, 11:18 AM

Hi everyone, I'm new to this chat room. I'm currently looking for a better FD rate for senior citizen, can anyone here give suggestion which bank should I approach or where can I look for the answer?

Yeah, mine was from RHB.
Also offered me refinancing at BLR -2.5% for min RM500k from the 3 banks. Too bad I tarak.

Yeah, this thread is full of friendly people who are more than willing to chit-chat.

Since you are new here, read all the posts in this thread, starting from Post#1, and you will get some ideas to your questions. And then check back periodically Post#1 and Post#2, especially before you go place a FD.

When you said senior citizen, do you want monthly interest credited into your account?

If yes, Alliance Bank currently offering 4% for FD Gold where interest credited monthly.

If you had read the last few pages, you would have learned about Maybank Islamic 4% upfront where one may have to go from branch to branch to get the offer.

So, once again, since you are new, the best method to help yourself is read all the previous posts (and get yourself up to speed), then you will know what questions to ask when you post the next time.

This post has been edited by Gen-X: Oct 23 2014, 12:13 PM

Want to ask, since UOB promo is 4% with min RM10k

If I put that one, after one year, if there is promo again with min RM10k say 4.2%, will my FD will be renew to that promo rate at 4.2% or will it be renew at board rate eventhough I am eligible for the promo rate?

Bro, I am surprised you asked this question when you know about your mum needing fresh fund to get HLB Promo, And if you had read Post#1, I already specified to be eligible for the UOB promo, minimum RM10K fresh fund.

But I am giving you the benefit of doubt you not playing with us - if you instruct when placing the RM10K (promo rate say 4.%) to be renewed upon maturity, it will be renewed at board rates and you are not eligible for the promo rate because it's not fresh fund.

Going a step further, OCBC does offer promo interest rate higher than board rate for maturing FD, i.e. no need fresh fund. However, you still need to go to the bank and sign up for the promo or else it will automatically get board rates.

This post has been edited by Gen-X: Oct 23 2014, 12:16 PM

Maybank's latest promo


Attached thumbnail(s)

Hi Gen-X,

My mum doesn't need fresh fund for HLB. I just asked about the fresh funds (withdraw cash and come back the next day) cause it happened 1-2 years ago.

I asking about UOB promo because maybe my sister is interested. And I am not sure whether they will auto-renew at board rate or auto-renew at promo rate upon maturity.

So it would seems that to be eligible for promo rate, I need to go to bank upon maturity and uplift it.

By the way,
How do you put a box around the person's name (like summoning the person here)?

This post has been edited by Ramjade: Oct 23 2014, 12:31 PM

Thanks to all the contributors in this thread for all the useful information, it certainly helps when going to the bank well equipped with information on all the ongoing promotions.

A bit more info about HLB's promo rate of 3.95% for 12 months. It is for fresh funds only, runs from 17 October to 31 October, available only at certain branches in selected regions.

For larger amounts one can negotiate with the branch service manager or branch manager. I managed to get 4% interest for 12 months, although mine was an FD renewal only. Interest credited into CASA monthly. They had to call up HQ to get approval. I was quite happy to let my funds remain in HLB although I was seriously considering moving on to Alliance Bank, but since HLB matched Alliance's offer, I was happy to stay put.

Quote my post to see how to summon somebody as you call it, like I'm summoning Ramjade now...

This post has been edited by wr6969: Oct 23 2014, 12:44 PM

How much is the insurance cost?

Will visit UOB tomorrow

Boy, you seem to be saying different things or maybe I really blur.

Effective interest rate less than 4% for 15 months, but then again I guess this Promo no need proof funds are from the "3 banks".

And Bro, I noticed that there is an *Promotional Rates that states - Subject to OPR and may be revised. Wonder if MBB will really raise the interest rates if OPR goes up.

Thank for the photo Included it in Post#1

This post has been edited by Gen-X: Oct 23 2014, 01:19 PM

[quote=Gen-X,Oct 23 2014, 12:58 PM]
Boy, you seem to be saying different things or maybe I really blur.

Like I said, I was just asking something which happened few years back. Maybe I never specify.

http://www.alliancebank.com.my/efdpromo

Latest Alliance bank eFD promo 3.9%.

Auto-renew is always at board rate. Just take note when is the due date andden look out for any good FD promos around that time. After all, it's only once a year. Unless you have FD maturing every other month, then it's almost a part time job running around chasing the latest FDs.

Hence, you decide whether you want convenience or you want highest FD rate.

Yup, better hurry with MBB 'Attack' FD promo. (Lol, the officer actually called it that loud and clear for all to hear when I went in this morning to ask abt the 3.87% p.a for three mths term.) She gladly said they hv not reached their quota yet but when she tried to place the FD for me under conventionel banking, their system won't accept because quota has been reached. She wanted my biz badly so she tried again this time under Islamic banking n it went thru. So if any MBB branch say quota has been reached, ask if it's conventional or Islamic banking. And always ask to speak to senior officer as most counter stuff are really blur abt all these promos n hv little authority to talk to HQ on your behalf abt exceptions n exemptions.

This particular branch requires fresh funds from the three targeted banks either via IBG, Rentas, cheque or bankers cheque despite me showing her my CIMB statement. Had no choice but to IBG my funds from Affin to CIMB current acct n then issue cheque to place FD. Kinda 'mayfun' for the little bit extra interest as AffinnIslamic did offer me 3.44% (from previous of 3.42%) for one mth n 3.68% (previously 3.65%) for three mths without any need for fresh funds. Maybe take the little extra interest earned to buy the Affin BM a simple lunch - their service so far has been the best.

BTW, this MBB branch said they normally hold back FD Certs until cheque is cleared but since she knows that I hv already IBGed the funds to CIMB, she allowed me to take home with me the FD Certs together with a complimentary shoe-bag to compensate for the inconvenience of waiting for them to switch from conventional to Islamic. Actually earlier on I had been thick-skinned and asked the teller if they wld give me the shoe-bag but he told me no more stock. Don't know how his supervisor pulled out the bag from nowhere n gave it to me.

You are now officially branded as sifu !

Even able to get gift for this MBB promo !