I think MBB at SS2 has one of the worst customer service 

Just an update for MBB 4% upfront FD.

Went to MBB at SS2 just now and they said the quota is finished.

But I managed to place the FD at MBB in uptown. Looks like each branches have different quotas.

Furthermore, MBB uptown does not even bother to ask where my funds coming from. I was able to open the FD without much hassle compared to at SS2. Excellent service.

Gonna ban MBB ss2 in my list from the future.

I see.. so then the MBB 4% upfront FD quota already finish whole of Malaysia 

Sea park ss2? I would advise you not to go there unless your FD amount is huge

I edited my post after I recalled the event. Anyway the deal was extended after 1 Oct. 

Just came back from Maybank, so is confirmed the 'under table' Maybank Islamic upfront 4% deal is still on.
No free gift though & have to wait till the CIMB/RHB cheque clears only can get the cert.

Sea Park branch service is great & even have free nasi lemak & drink today for all customers
They also explained to me in detail Aspire & Premier Wealth privileges.

Only rich uncles have that kind of extra privilages.     

Me small prawn also dont even qualified for Aspire privilages.

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.

Unfortunately noticed some prominent members have not post for quite some time. 
Then Gen-X be General X, match with his "Gen"-X !

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.

LATEST FROM AMBANK- Promo effective 17 NOV - 31 JAN 2015
AMSIGNATURE CUSTOMERS - additional 0.05%

No leaflet yet, so staff just wrote on piece of paper - Ambank OUG

6 mths - 4%    (4.05% for AmSignature)
12 mths - 4.1%  (4.15% for AmSignature)

Last time a leng lui (I think a Sabahan) who in charged of the FD teller counter in Sri Petaling branch was very nice and polite.
Since she left, the service is getting worst.

I signed a lot of forms when I placed FD there, but forgot did I sign any AmSignature form or not?
But I got extra 0.05% at that time.

ur welcome leo.  frankly, it smells too much of "hyper" marketing. hope u all get the medklinn, i could use one too

Regarding BR, my better half called me to say they sent a parking sticker & some membership card this morning - see the services they promise in the spoiler



no idea where their Service Center is but i hope they have one in the new HQ in b'fields. will solve my parking problems when i go eat my banana leaf & thosai there  Anyone knows when they'll move over?

funny thing is due to the recent spate of promos, I definitely dun meet the criteria for this but what the heck - i hope they'll restore their premium over the commercial banks when my bullets mature next 

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

Oh....You didn't check here before you go to place FD with Am Bank..?
BartS already mentioned about UOB 4.2% for 1 year on 5 Dec wor...

Never mind lah, rice has cooked.. let it be lah... Anyway UOB does not pay last day interest.. 
You can get monthly interest from your Am Bank FD if you joint name with your parents

How come you can get 2.8% instead of 1.5%..? 

AmStar Extreme Current Account Review
Age Requirement: 18 years and above
Initial Deposit: RM500
Minimum Balance: RM5,000
Interest Rate:
0% p.a : Balance < RM5,000
1.50% p.a : Balance > RM5,000
Features:
1.Free 5 cash withdrawals every month from other Bank's MEPS linked ATMs.
2. Free 5 online fund transfers to other Banks every month
3. Free Personal Accident Insurance up to RM100,000
4. Free Standing Instruction
5. Overdraft
Ah Goat Sir & Double Magic,

You guys still want to put self-contribution money to EPF early next year..???
For me, I am quite hesitating wor..

Fresh from Ambank, 36 months 4.5%pa

hehehe who knows? if you put into Ambank for 3 yrs, then next 1-2 year when 1MxB go kapoot & things go crazy, rates shoot up to 5 or 6% ... How? 

Did you go to the HQ in bfields?

Bro, at the rate BNM keep imposing red tape, in few years time you may not even be allowed to transfer or take out more than RM1K like what happened during the 1997 years!!!

I guess the banks want to know why so that HQ can take appropriate action to maintain fund and not outflow. CIMB now got really good FD deal equivalent to UOB Christmas Deal - I guess they need to prop up their cash reserve, wonder if got anything to to with 1MDB.
You deposit huge amount sure lah the people eyes open big big 

Bro, you sure ar you want me to tell you a freaking long story? haha

1995 we still had RM1000 notes and you want take a briefcase full of RM1K notes overseas also no problem.

Here is the story, but most probably 99.9% inaccurate....

In 1997/98 when we had the power crazy DSAI as Finance Minister (but the young Malaysians today don't know and thinks he is Mr. Clean and DAP wants him to be PM because they equally power crazy  ). In mid 1997, our stock market was in a all time high. Then one fine day in early 1997, Tun Daim said he plays the stock market for pocket money. Which was true, I can make more than RM1K per day (one time 2 weeks straight without a break) from the stock market (I was in my late twenties then) and would burn my money on gadgets and entertainment. Next thing you know, the stock market dived 70% followed by the Ringgit depreciating at light speed. I have a chart showing the stock market from 1992 to 2012 in my article Saving For Retirement Years.

The then FM, the power crazy DSAI allowed interest rate shoot up to 18% and USD/MYR at 4.80!!! Can get FD interest rate at 14% back in 1997/98! Banks also started to cancel loan facilities which affected businesses, people not buying houses or cars because loan freaking high, those having housing loan got less disposable income, factories keep loosing money as supplies (bouhgt in USD) keep increasing, etc. etc. The economy was really bad, many people were laid off and many become bankrupt because cannot service loan. Well, some say it was DSAI doing so that by the Rakyat suffering, he got excuse to topple the wise TDM. TDM pulak blame it on Soros. And at the same time, people were worried that our currency will depreciate further and took lots of money cash out - for example Selanor ex-MB Muhammad Taib caught in Australia in 1997 with a briefcase full of cash.

Anyway, our economy was getting from bad to worst to no hope. The wise TDM then sacked our useless FM and made himself FM and immediately took actions listed below (copy and paste from here):

On the 1st day of September 1998, Prime Minister Dr Mahathir Mohammad announced the capital controls to be installed. Malaysia's capital controls were a mix of the above measures and nothing new although the press claimed it was unique because Malaysia did not embrace the IMF.

The following measures were taken to ensure that the objectives of stabilizing the Ringgit and control the capital flows could be accomplished.

> Overseas bound local travellers were only allowed to take up to RM1,000.

> Remittance of funds by residents to overseas were capped at RM10,000.

> Ringgit is pegged to the dollar at the rate of RM3.80 to US1 to facilitate trade in the domestic sector.

> Any ringgit remaining outside of Malaysia was not considered  legal tender. This was to prevent speculators from borrowing the ringgit  offshore to sell it in the domestic market for dollars. In other words,  to stop speculators from short selling the ringgit and when the ringgit  depreciated, buy back to repay their offshore ringgit loans.

> Any credit facilities obtained overseas needed prior approval  and only companies that earned foreign exchange were allowed to obtain  offshore credit.

> Funds raised from the sale of equities or other forms of  investments had to stay in the country for 12 months. This was to  prevent short-term capital flight.

> Clearing of Stocks listed on the KLSE could only be done on the KLSE or its approved exchanges.

> RM500 and RM1000 currency notes were made non-legal tender to prevent smuggling of Ringgit to neighboring countries.

> Dealing of shares in CLOB was made illegal to prevent the flow  of funds to Singapore and also to discourage the arbitraging of shares  between the two exchanges.


So after the wise TDM made himself FM, things started to look brighter. With him pegging the Ringgit, our factories can once again work out costing and quote their foreign customers and price of Rolex watch finally stabilize, hahaha

Economic growth is depending on the money supply in the market. The tool used by central bank to increase and decrease money supply is through controlling the interest rate. With oil prices dropping and people with negative economy outlook, most countries will have concern on recession. Conventional tools like open market operation, discount ratio and reserve ratio etc are not effective in spurring the growth. Zero interest policy, QE, Credit easing, negative interest rate were introduced. Thus it wont be surprise that BNM may follow what US is doing to encourage more spending instead of keeping money in bank as the GST induced inflation pressure will be countered by big drop in oil prices.