Guys not sure if it has been mentioned, but for Maybank 4% upfront interest, you can IBG or Rentas over. The manager told me they can check where the funds comes from ie RHB/CIMB/etc...This way you dont need to wait so long for the cheque to clear....if you cant wait.

Guys, not sure if this is true. But my mother said HLB 3.95% offer expired tomorrow. She said the person at the front told her that. Someone please confirmed it.

was at BR today. they told me for deposits 1-6 mths, they will pay interest upfront into savings account. does not need to be fresh funds... renewal also can. Then again their rates not so attractive now for those periods.

Also went to UOB where I checked with them what happens if maturity falls on a non-working day ... same like BR, system automatically moves it to the next working day

Ramjade ... yes last day tomoro but imho their rates not so good. Walked into HLB today to use their toilet at the private banking floor & then busy body talk to their staff there ... haiiihhhhh rich fellas get to use toilet in HLB, every other bank I went gotta go to coffeshop next door

This post has been edited by okuribito: Oct 30 2014, 07:05 PM

If you go check HLB website or even Post#1, you will note that HLB current FD promotion (where one can win a house) will end 31 October 2014. So your mother is correct and you should listen and trust her, hahahaha. And so what if the promo ends tomorrow? HLB 3.95% not competitive. If it was me, I will be hoping that the cutrent HLB Promo had ended earlier so that they can introduce a new FD Promo giving interest rates that are comparable to Alliance, PBB, MBB and UOB.


Bro, above you mentioned there is a 2 days float, made me fast fast go recheck my MBB Cert start date. I used my personal cheque for the MBB Promos. I was relieved to note that the start date was on the day I went to the bank.... make myself worried for nothing, hahahaha. My new MBB RM gave me the certs on the spot without the cheques being cleared.

For those who missed my article click here to my article Get More FREE Money With Fixed Deposit Promotions, where I wrote about my experience with Maybank and posted the FREE gifts I received for signing up as a Premier Wealth Customer.

Like I said above, start day of cert same day making the FD placement with cheque and no need cheque to be cleared. And sylille also posted she got her cert same day like me. However some branch officer may hold the cert for two days to confirm that the cheque will be cleared.

Most banks nowadays practice above but I can tell you that Public Bank tried to cheat me. Two (or maybe 3, time flies) years back, got a PBB cert due on Saturday and Monday was a Public Holiday. So went to Public Bank on Tuesday and noted they was a penalty imposed. Told the teller that they should pay me interest until Monday and she refereed to the the officer who then said no such thing. Requested to speak to Bank Manager but he was not around so talked to the Service Manager. The Service Manager also refused to pay the extra 2 days interest, so I told her to call HQ and if they not willing to entertain my request, I shall make a complain to BNM. She made the call and I got my interest for the 2 extra days.

This post has been edited by Gen-X: Oct 30 2014, 10:35 PM

Thank you for making me jeolous
I just double checked my cert & the date was really after the cheque cleared. I am probably just a small potato for Maybank as I only put some money there for Maybank2u.

Ocbc Penang Premier Banking Center 14 months FD @4% pa and subsequent 1 month @5% pa. Promo from 1 - 30/11. Min Rm10k. Effective rate is 4.06%

6 months.

http://www.mbsb.com.my/misc/TnC_SuperbDeal.pdf

I suggest to forget about this promo..
Usually MBSB FD promos are very lousy..

Thanks for the latest OCBC FD info...
It has updated on Post #2

MBB 2 branches that I placed FD practiced differently. Both still give me the FD start day as the day I walked in. But one gave me the FD cert the same day, the other said have to wait for cheque clerance. Used personal cheque for both branches for the FD , but not from the "Attack 3" banks !

Disappointed with SCB as their practice is no interest for FD maturing on Sat/Sun or public holiday. Such for so called foreign bank !

The branch is practicing differently ? Like BR

HL Islamic also will issue FD cert same day BUT FD start day 2 working days later !



This post has been edited by bbgoat: Oct 31 2014, 08:47 AM

Deleted

This post has been edited by Gen-X: Oct 31 2014, 02:32 PM

Ha ha, no risk, no gain ! Make life kind of fun ! There is one AmBank branch that was robbed 2 times within few months. My mom & I discussed and said to avoid going there. But still ended up 3 weeks after 2nd robbery there again for their 5 mth 3.85% FD promo.

This post has been edited by bbgoat: Oct 31 2014, 08:51 AM

Just talked to MBB funding exec (they are in charge of FD deals in MBB). The 3.7% 3 mth FD last day today. She said new promo coming for Nov but she was unable to get any info until end of today. Have KFH FD mature today. So have to put in to MBB one first. Then if better promo next week, then have to cancel the 3.7% one. Lazy to go for UOB 3.8% as some distance away.

Penang people are lucky. All banks are closed by within walking dstance or if not less than 10 minutes driving distance within down town. UOB is the only bank I know that can allow you to carry out any FD transaction anywhere in Malaysia. UOB Kelawai Rd has free parking and own compound and it is safer too if one carries cash.

On MBB 4% paying updront interest, assuming the interest paid monthly and earn 3.1% monthly, the net interest earn is 4.094%. If not mistaken I saw somebody reported 4.19% or am I wrong? Salute Gen-x energy to read through 66 pages...

I'm trying to put a placement of RM10,000 into Alliance's e-FD. Yesterday I transferred from Alliance to Maybank. And then today , I transferred from Maybank (another account number) back to Alliance. However, this is not recognised as fresh fund. Does anyone know how they calculate fresh fund?

From my understanding, its 12 month up front paid interest, not monthly interest.

just notice HSBC advance has promo for 3m FD for new customer joining advance (eligibility is 30k only)


- Preferential rate of 5% p.a. on a 3-month Time Deposit (Standard Scheme) placement.
- Minimum placement of RM5,000 and up to a maximum RM30,000 for each HSBC Advance relationship maintained.
- One-time preferential rate for first Time Deposit placement.


https://www.hsbc.com.my/1/2/hsbcadvance/pre...ement-promotion

Fresh fund methods and ways to get around it had been discussed at length in this thread previously.
For your case, If you don't have checking a/c, withdraw by banker's chq from MBB then bring the chq to Alliance. BTW, MBB BC is not cheap. You need to weight the transfer cost against the RM10k interest earned to see if it is worth it or not.


Add on.
Ops ! just noted it's eFD, banker's chq may not be applicable in this case.

This post has been edited by aeiou228: Oct 31 2014, 01:41 PM

And after the 3 months you want the hassle go close the Advance Account? FYI, HSBC do not offer FD Promo to existing customers unless you upgrade your status (e.g. to Premier) and get to enjoy another 3 months but after than no more FD Promo for you.

Alliance eFD super artificial intelligent system can read your mind and intend and knows it is not fresh fund, hahaha. Did you like add RM100 or exact same amount in and out. I am assuming you transferred the money online to MBB and then online back to Alliance.

This post has been edited by Gen-X: Oct 31 2014, 01:07 PM

Did second 4% Maybank upfront FD today - was meant to do it the other day but they had to wait since Wednesday for bankers cheque from CIMB to clear.

Now only if Citi didn't take a month to uplift my other FD which was to secure a card I could have done that one too

1.IBG in another RM10k, do eFD. Then only IBG out.
2. IBG out to some other bank, withdraw & CDM in RM10k.
Can Work??Haha

my FD with PB matured yesterday...went there today to enquire abt the PB FDXtra 3.83 and 4.28% FD promotion...
teller said can change from the FD cert to the promo...that can consider as fresh fund....BUT. BUT since my matured FD has joint names...the named persons MUST be present to open another SA....so as to enable interest to be credited in
ended up transferred out the monies to another bank.