Not sure if above applies to Fixed Deposit that are instructed to be renewed. But since I kiasu, I go update my FD certs every year and get new cert (Affin and Alliance), hahaha. For MBB and HLB they usually print on the back on the cert and no new cert issued. However, for statement based account, UOB don't issue new cert for auto renewal since there is no cert in the first place.

Thanks for the HLB 3.95% update.

But why didn't you take UOB 4.05% pure FD for 12 months?
UOB offers better rate ma.. 

Just wanted to spread out my FD in different banks.

Actually FD return is not that good. I was quiet for a while because I invested into property last year and I get 20% to 100% return.

Yea, FD is more like savings for the extra cash in hand and not really investment. Lately also not following the promos already cause playing with DCI.

Properties these days quite high price already, still can get so high return?  Maybe I should look into it.

A temporary place to put your money until you know what better ways to deal with it.

Dual Currency Investment. If converted then move funds overseas.

FD is old man tools , that is for those not willing to take risk. Best property is landed one, but location also matters. I heard banks rejection of property and car loan quite high nowadays. Talking with a developer a few days ago, it seems one of his project has a rejection rate of 50%.

I was tempted to go into DCI but now with AUD currency & interest rate so low, abit scared.

Cash (in FD) is KING 
Old man are wise man  And if one is going to heaven soon, I guess no point to be in wealth accumulation mode, hahahaha.

Old man expenses not much (mainly medications and utility bills), with FD, they get guaranteed income (to pay for the medications and utility bills) and no headaches (e.g. funds stuck in Share Market during bear market, no need to attend to tenants' complains or worst tenant not paying rent or shop house got burned).

Another thing, old people not many have medical insurance, thus need cash when hospitalized. Moreover, a RM3M property is not going to pay (in time) for one's intensive care bills to prolong one's life that's for sure   
Everybody need cash in hand no matter at what stage in life.

Many young people (fresh graduate who are employed) are cashless (no savings) nowadays because they burn away their disposable income on unnecessary lifestyle (Jap restaurants, Alexis, Starbucks) and new gadgets (when their current model is still working perfectly) by signing up for installment plans and getting a Myvi with 9 years loan instead of getting a second hand car (or even maybe taking public transportation). Imagine the money they will have in years to come if they had used the money to repay loans and instead deposit it in FD. And what ever money saved can also be used to pay more down payment for a home and thus saving themselves in interest charges. And, FD is way better place to save money versus Savings Accounts.
Yeah, playing DCI got thrill unlike FD 

Bro, 99.99% of the people are like you..... and when you said move everything to FD, I believe you meant whatever assets remaining you have not transferred or assigned to your loved ones (and whatever remaining assets you do convert to CASH will be more than enough for you to to survive and go play china dolls for another 100 yearss,hahahaha).

And sometimes it is not just vision, having a mild stroke, bypass or when one legs become weak will make a person plan ahead.

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

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.

Thanks Gen-X and everyone who has been contributing. I suggested a fren of mine placed the maybank upfront 4% FD 2 days ago on 21/10 at ayer keroh branch. Just to note a few difference from other experience as my fren told me. The officer didn't mentioned funds must be from the 3 banks (although the check was eventually took from cimb in the afternoon), minimum placement is 50k, and the interest credited is not allowed to place into the same FD promotion. Anyway, thanks to all sifu here!! I think 4.16% is a good deal for this moment, even beat bank rakyat. (Bank rakyat new rate for 12 months as on 8/10/14 is 4.10%)

Hi, Captain. It's good u you are back n inspiring us with your words of wisdom n as well as updating post #1 at almost lightning speed for our benefit.  But must say your First Mate, BCC, had been doing very a good job at running a tight ship in your absence.    to both of you.

Not active in this thread because there are so many sifus n taikors here who know lots more on FD promos n strategies that I think I better shut up lest my ignorance shows. BBG, I am only good at how to be 'gain pun' (cheapskate in Hokkien) n develop thick skin to ask for cheap freebies from the banks. Not a sifu at all.

I do not hv much mollah to join in the musical chair game this time around as they r mostly tied up in UOB's 3.5% 9 mths FD promoted in April. Now that the rates r going up n up think its better to place at a shorter tenure provided there are very attractive rates like the current MBB promo. That way I need not sit out of the musical chair game which is getting more exciting now.

Very thankful for everyone's contribution on how best to play this FD musical chair game. Have fun everyone! Now, let the music start!!

FYI, Affin processed IBG application at abt 9.40am today n money already in my CIMB acct by 2.30 in the afternoon.

I was at HLB yesterday but only noticed placard for 15 mths / 3 mths fd. Premier Banking was empty of staff and customers. I got a feeling that this must be the most unfriendly bank with nobody minding you.

haha, leng lui sure we entertain mah. As for wannabe Mod, they got no power to suspend anyone 

There are many HLB Priority Banking centres and if you are not a regular, they are not so friendly. The other day I went to a HLB Priority Banking centre and ask the teller if I must take a Q number. Both the tellers look at me in a funny way (normal lah, I'm ususally dressed like a VCD seller, wearing T-shirt, slippers with sling bag). One teller then ask for my NRIC so they can check with their system if I got Priority Banking status. Only after checking she entertained me and was then nicer to me and even tried to persuade me to stick with them when they found out the amount I was withdrawing.

Guys, u hv not heard of "Hell has no fury like a woman's wrath."? So don't mess around with lenglui Flo. Once her probation over you better watch out

Aiyah, Captain Gen-X not piloting pirate ship so don't need eye-patch to enhance his image.  He is really a v nice n respectful young man. I am v thankful he called me 'Sis' instead of 'Auntie'. Very flattered u guys, young enough to be my little bros, r calling me lenglui. Actually, I am an ex-lenglui who now totes a pension card to get senior citizen's privileges from banks.

Those Priorty or Privelege  banking nowadays r really rubbish. Majority of the RMs r like buayas. They sulk n won't layan u anymore when u tak hui their sales pitch once too often. Despite serving us brand-name coffee/tea their brew still leave a bitter after-taste. Even their gifts, if u r priveleged enough to receive them, r sub-par. BBG, hope the tray from HLB is worth ur time n effort (like having to ask for it?).

Sorry Flo, know its OT. Hope u will just let it slip this time. Will keep mum after this post

Good morning guys..

Interested to place my extra money into fixed deposit..after browse through first page..seems a bit confusing..there are so many options..

What I have is RM10k and I wish to put for 12 months..
Is UOB FD is the best option for me at the moment? Or any other suggestion beside this one? Any reason why I cant find it at their website? Mostly good FD rate information only available when we walk into bank?

Appreciate for sifu here that willing to share as this is my first time to do FD.. 

Hello aeiou228, you may refer to the announcement as made by Public Bank to depositors who have participated the promo prior to 27 October 2014
Apparently, they will enjoy 4.28% for the next 6 months instead of 4.08%

Wow! Trust Public Bank to be so generous. They deserve my salute this time 

And FDInvestor, thank you so much for the info 

Minimum is RM20k..
Nevermind, stick to my mind, deposit to UOB tomorrow.. 

Can PBB accept FD placement from $$ IBG from other banks to PBB saving account within 3 days(same as OCBC) for fresh fund? 

There is another advantage of 6 + 6 months rollover as 1 year FD (compared to straight 1 year FD), ie. you can withdraw when the 6 months maturity due, and decided not to rollover (if there is better rate after 6 months time), get the 3.83%, then withdraw, and opt to use the fund for other FD or other purpose.

While in 1 year straight FD, you need to wait until maturity to withdraw and get the interest.

Sir Ah Goat, anything less than 4.1%, wont interest me so most probably will maintain at old place.

Must be getting old, just issued a cheque which from an old redundant cheque book last Thursday. Bank called and frankly I was like ah...ah.. Wonder whether considered as bounced cheque? 

You must have been a really good boy recently, so much so that God rewarded you extra interest without BNM even revising the OPR

Bear in mind that if OPR increases, borrowing cost also increases. Unless you don't have any loan on hand or not planning for any loan in the nearest future.

August unemployment rate has gone down. Based on the Philips curve in the short run, unemployment rate is having an inverse relationship with inflation rate. Unemployment rate going down and inflation will be gong up. With GST implemetation in April, inflation rate is expected to hit 4-5%. BNM will have to reduce the money supply in the economy through raising the OPN and/or open market selling. Very likely the OPN will be revised upwards latest november or december...that is my opinion...

Yes, I agree that BNM will announce the increase on Nov 6 so as to ease into the 2 big events in 2015 - Apr 1's GST & Jun 1's petrol rationalization exercise!

The FD war will commence soon...