Interesting. Can we perform IBG, let's say from, Maybank2u portal instead of doing it at Maybank counter? If yes, we just key in the fixed deposit account no?

Just done my FD at UOB..

12 months 4.05% FD promotion end 30 November 2014.

You can perform GIRO over the counter too and same time schedule as per online applies.

For online transfers, only RM10K.

I missed above the above post earlier.

Over the Counter charges varies but it is about RM2 per transactions. As to your question - "If you don't have Savings Account (or Current Account) can perform GIRO" - I don't know. And yes you can transfer RMXXX,XXX.00 and if not mistaken someone mentioned before more than this via GIRO over the counter. We have in the passed talke about GIRO and RENTAS.

Once again, click here to my article A Little Bit Of This and A Little Bit Of That Vol.1 Chapter IV and scroll down to sub section "InterBank GIRO or IBG Transfer via Over The Counter" to learn more about my experience with GIRO over the counter. See, that is why I published articles relating to credit cards and FD so that I can easily provide in depth info over and over again without me need do explain the same thing over and over again, hahaha.

Why you ask a question that I have already answered? If you don't believe, go lah check yourself, i.e. google GIRO or Inter Bank Giro and you will get below answer:

According to Malaysian Electronic Clearing Corporation - if one perform before 12.30pm Inter Bank GIRO (IBG) online or over counter before 12.30pm, funds credited into account same day.

And if you had read sylille's post recently, she performed GIRO at Affin at 12.45pm, money also credited into her CIMB account same day(???).
The maximum amount is RM1 million per transaction subject to individual banks terms and conditions.

As for the RM50K, did any bank ask you? For my case, the last two week I have been using personal cheques for 3 different banks' FD Promo and nobody asked me anything about where my funds are from.

However, whenever I go deposit in Citibank Melbourne with Bank Draft, the teller always ask me the source of fund. Not only that, their Sydney office may follow up after few months later and ask the same thing, i.e. source of fund. Once the Sydney office personal called me on my Australia phone number while I was in Malaysia and I did not answer the phone (I was sleeping as there is a time difference) and their freeze my account (I couldn't perform any transactions online)!!! Later I checked my email account and notice an email from someone who was from Citibank (the guy who tried to contact me by phone), I had to email him to get him to call me back. Only after I told him source of my funds only he unfreeze my Citibank Account. And same thing happened to my wife  But the funny thing is I performed a TT (very substantial amount) and nobody from Citibank called me to ask source of funds.
Upper limit for all banks in my reply above.

MBSB 4.15% 6 months FD Promo, valid from 7 Oct to 31 Dec 2014

80% to FD, 20% to Mudharabah General Investment Account-I : Saving-i.
Min RM 10K

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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.

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?

It depends on where you are staying. For those that stayed downtown, they also avoid going to banks in Beach St or Bishop St area as parking is a big headache there. Unless one is staying around there and take a walk there.    UOB Kelawei Rd is the one that I maintained an acct. But KFH is in the other end of Penang. So just go to nearby MBB to place the 3 mth FD after closing KFH FD. Cost of transport/time is a consideration for the gain of 0.1% FD (over only 3 mths some more).

Well, the MBB funding exec came to see me and said she will call me when the new promo is known next week. So, he he, may have to terminate the 3 mth FD if the deal is sweet enough. Anyway have split the FD certs so can consider doing termination if needed.

The MBB 4% upfront interest, once you get the interest, depends on where you put it. If you put back to the 4% FD in MBB, the eff rate will be about 4.16%. It will be lower if you put it to <4% FD, higher if you can find another promotion that gives >4%. But take note the minimum requirement for most promotion are 10k, 20k or 25k. 

But I opted this time not to go for the 1 year MBB FD as anticipating the raise in OPR soon.   

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

folks, Maybank is having 6+9 FD promotions now.
first 6 month 3.85% pa, next 9 months 4.00pa

SOURCE: M2U

hi, would like to ask if i need to be a premier customer to be entitled for this FD? How much to open an account there?

Got it, seems like the best deal so far is RHB 9months 4.15%...but need to open an account to credit the interest...

Any idea about the minimum deposit and condition to open the account? rm100 or rm1000?

I do have FDs maturing end of this month and the RHB 9 months Promo just nice but I am leaving next week so it will be auto renewed at board rates With me flying off every month, really screw up my Musical Chair tempo. Previously got few certs auto renewed at board rates because I was not around (and actually forgot about it even tho I get statements every month, hahaha). This month smarter a bit, went to see my RM and sign the the necessary forms to instruct that the FDs be renewed for 1 month, so next month I come back only go chase after FD promos again.

Another good thing about EPF - if possible, pay yourself max if you own the company or if you are a salaryman, talk to your boss instead of increment/pay rise, ask it to be paid in the form of EPF contribution and you will save yourself some income tax (which will accumulate to lots in the long run) besides getting good interest rates/dividend.

Bro I never doubted you but the guy who sms you. I added the promo to Post#1 (your quote) even before the photo was shared.
Bro, you are certainly right about writing the cheque, problem is I don't have current account with the bank the FD is maturing. And I'll be away for about a month and the FD only due end of this month, don't know what promo got that time. And I don't trust my RHB RM to get things done, hahaha. Also next month all my children back here, want go make them open FD accounts in several banks and use the funds to deposit.

As for the Max EPF amount I don't know and that's not what I meant. What I meant was instead of paying the standard contribution rate, pay more. What's the standard rate now? I also don't know since no more working for 4 years.

And actually if one owns the company, he should be paying his non working father, mother, wife, children above 18 years old (and mistresses too where applicable) salary of RM4K/month (next year that is the amount one will not need to pay income tax) and maximum EPF contribution and save himself 24% tax (next year or is it still 25% for company? can't remember budget speech) which is way better than FD interest rate, hahahaha

Affin bank CNY Promo min Rm10k until April 2015
1) 4.18% for 15 months casa 15% of money of FD
2) 4.28% for 18 months casa 10% of money of FD
3) 4.38% for 24 months no casa. Just normal account for them to deposit interest
(opening account Rm100)

UOB better haha, 3 months 3.80% and others months can PM me for details

Bro, you keep posting the same thing over and over again.

And why MODs here never tell you that what you are doing should be posted at Service Noticeboard
More and more new promos - thanks for the report, will update Post#1

For those who want to know about Interbank Giro fund transfer timing.

Banks that pay interest for non-working days
OCBC
Bank Rakyat
UOB

Banks that do not pay interest for non-working days
May Bank
Ambank
RHB