Oh... I got it wrong... You mean that one with 3.35%..?
For sure withdraw it as soon as possible lah...better do it tomorrow first thing in the morning..

I mean it is better to continue your existing 5 years FD until it is matured..

Ok.. now I got a clearer picture..
3.35% is got damn low for 48 months. No need to waste time with Am Bank for this.
I mean you the more days you delay to withdraw, the more interest you lose..
If I were you, I would withdraw it tomorrow first thing in the morning, and get a banker's check to
place FD in RHB at 4.15% for 9 months tomorrow.
Withdraw this FD first, then negotiate with Am Bank for this premature withdrawal case later.
I mean: execute first, report later

2. 60 months tenure @ 4.1% expiring 2016
3. 60 months tenure @ 4.3% expiring 2017.
These 2, you can hold on, not to withdraw, and continue to talk to Am Bank, since these 2 rates are still okay,
furthermore interest is paid quarterly..

This post has been edited by BoomChaCha: Dec 3 2014, 10:47 PM

Aiyo.. deduct RM 700..??

Wah.. like this..? You stuck already... Really deep loh.. this time
Then try to settle this as soon as possible loh.. Hopefully by tomorrow..?
You really cannot wait.. Good Luck

If Manager cannot help.. then go to HQ...

This post has been edited by BoomChaCha: Dec 3 2014, 11:09 PM

Move to where to get 4% for 1 year and still earn RM 110?

Bro, I am afraid there is no remedy for your RM 700 deduction since you got
a brand new (auto renew) FD which the T & C is different from your previous
FD. But you still can try to talk to the Manager.

You can consider to put in Affin Bank at 4.38% for 2 years to get better than RM 110,
but interest will pay upon FD maturity..

Ai.. Next time write down the FD maturity dates on your calendar or diary lah..

Bro.., yes, it seems the RM 700 deduction is unavoidable.
Short term pain is better than long term pain, withdraw Am Bank and move to other banks
is a right decision.

If you are not concerned about PIDM issue, MBSB 5 years at 4.7% is another option.
But I think it is better to put in short term first, Affin 4.38% for 2 years is a good option at this time.

About saving account, if your amount is more than RM 20K, you can gain more from Affin Saving account:
http://www.affinbank.com.my/General/Rates/...rest-Rates.aspx

Affin CASA is having a promo:
http://www.affinbank.com.my/General/Whats-...A-3939-TNC.aspx

Affin 4.38% for 2 years:


This post has been edited by BoomChaCha: Dec 4 2014, 01:18 PM

All right..All the best.. Bro

According to Affin website, yes, fresh fund needed as stated below:

To participate in the promotion, the customer shall on the same day within the
campaign period, make new funds placement as follows:

Saving account?

My Affin saving account book does not mention any particular type of saving account,
I guess it is just a normal saving account.

According to HSBC, if you want to place more than RM 30K, then get somebody to place 2nd or 3rd FD in
joint account.

Another requirement is to open a current account with RM 10 or RM 20. (I think RM 20)

No quota, this promo will auto end on this 31 December.
I think this is a good deal.

Oh..one more thing, FD will only effective upon check clearance, so fund will lose 2 days interest;
unless bring cash..

I forgot to ask HSBC about Rentas/IBG to SACA to place FD

Sorry, I cannot answer this, please check out Alliance Website or call Alliance:
http://www.alliancebank.com.my/Personal-Ba...ld#benefits-tab

This post has been edited by BoomChaCha: Dec 6 2014, 12:03 AM

Yes, correct..


iRakyat (Bank Rakyat) IBG limit (use own PC) is RM 5K per day, IBG fee is RM 10 cents per transfer.
Did you get any GOATS gifts from Affin?

Affin Bank is currently having a CASA promotion - extra 0.39%
http://www.affinbank.com.my/General/Whats-...A-3939-TNC.aspx

Thanks for the Just In Time info..

Warrior..it seems the FD rates are keep going-up lately...
So, I think I will put on hold not to place with MBSB 5 years..
Most likely I will go for UOB 1 year at 4.2% first..

You mean you want to withdraw your existing FD, and place a new FD with new rate in Mach?
If you want to do like this, normally you will not get any interest if you FD is less than 3 months;
and if your FD is more than 3 months, then you will get 50% of the interest.

After you withdraw, then you will need to send your fund to another bank to convert to fresh fund
so that you can place a new FD in Mach. This is very troublesome lah..

You can calculate the profit and loss to see is it worth it to do a premature withdrawal or not..?

They need time to update their website.

Good luck in OMG (One Million Giveaway) Campaign..

Thanks Bro,
Latest Mach FD has posted on Post #2.

Taiko, Thanks for the suggestion.
But I prefer higher rate, I want more money..
I think most likely I will go for RHB 4.15%..

I just called to UOB on Jalan Sultan Ismail. BartS is right.

UOB FD Chinese New Year Promotion, valid until 28 Feb 2015
(1) 3.85 for 3 months
(2) 4.10 for 12 months
Min placement RM 10K

UOB FD Christmas Promotion, valid until 24th Dec 2014
(1) 4.00% for 6 months
(2) 4.20% for 12 months
Min placement RM 10K

This post has been edited by BoomChaCha: Dec 8 2014, 01:54 PM

I called to UOB on Jalan Ismail again, A Malay leng Lui said min placement is RM 10K.


He should be called Double Magic..

x bank Manager: Why our recent launched 4.1% FD promo has no response?

x bank clerk: Boss, I think because of xxB offers 4.15% for 9 months

x bank Manager: Really..? Damn it..!! But how do you know about this xxB FD info?

x bank clerk: From lowyat, Boss

x bank Manager: Really ah.. Where? What URL..? Quickly lah..

x bank clerk: Let me type the URL address for you, Boss..here you go..This one..you see..

x bank Manager: Wah.... Those people compare FD rates like this ah..?? Then how do we cari makan..?

x bank clerk: Ya lah, Boss, some more they call this technique as Musical Chair wor..

x bank Manager: Magical Chair..?? What's the hell is that..? Oh.. You mean this guy name by Uncle Magic and Super Magic..? Somemore upgrade to Double Magic now..? Is this David Copperfield trying to sabotage us?

x bank clerk: No lah, Boss, it is Musical Chair, not Magic Chair

x bank Manager: I don’t care what kind of chair is this Magician sitting, I am just only worried I will not sit on this chair any longer if no fresh fund coming in, I do not want to lose my job..

x bank clerk: Ya lah, Boss, we have to do something otherwise we will lose out..

x bank Manager: Okay, we do like this, we launch one Christmas FD promo at 4.2% for 1 year and hit this David Copperfield gao gao lat, effective now.. Wait.. I also want our FD banner to advertise on lowyat and get the banner rotated 24 hours non-stop just like BxN.. . Ai..very susah cari makan nowadays..

Really ah..?
But when I called, I asked the Malay leng Lui, she said RM 10K wor..
I am pretty I heard it correctly..
Ai..kepala pening again..

Can somebody confirms this..?

RM 30K FD
(1) 5.00% for 3 months = RM 375.00 interest
(2) 3.85% for 3 months = RM 288.75 interest
The difference: RM 86.25

If this HSBC deal makes life so difficult, then we can forget about it...

Ha Ha.. Glad to hear that you guys like it...

Ah Goat Sir, I already changed my SCB FD cert to Instruction 3 about 2 weeks ago..

This post has been edited by BoomChaCha: Dec 8 2014, 08:58 PM

Bro cybpsych.. Thanks for your OCBC FD's terms & conditions...

Got.. BR got 5 years FD, 4.50%

This post has been edited by BoomChaCha: Dec 8 2014, 07:48 PM

SCB was not efficient, I had to complain to the branch manager then they finally got it done.
The whole process took about 6 weeks.

This non-negotiation issue (mystery) needs to investigate and find out why..

As our Double Magic mentioned, please also check the FD maturity date:

Banks that pay interest for non-working days - Updated on 16 Nov 2014
OCBC
Bank Rakyat
UOB
May Bank (Need to remind May bank staff to add interest)

Banks that do not pay interest for non-working days
Am Bank
RHB
Standard & Chartered Bank

Bank that non-voluntary credit interest unless appeal
Public Bank (Need to complain to BNM then only pay interest)

I know UOB does not pay interest for the maturity date; but I am not sure about RHB.
Also, you can include your prediction of next OPR hike as part of your considerations.

It is hard to make decision lah..
If I were you, maybe I would go for UOB..but still need to check the FD maturity date first..

This post has been edited by BoomChaCha: Dec 9 2014, 10:08 AM

I just called to Pudu branch, according to them, minimum placement for
UOB Christmas FD Promo is RM 50K.
So, your mum is correct..

Minimum placement for UOB Chinese New Year FD Promo is RM 10K