In BR today. They just raised their 12 mth rate to 4.1%. The staff showed me a slip with the new rate. 24 mth 4.2%, 5 years 4.5%.

The staff again pestered me not to withdraw the FD. Still IBG it out. But the IBG cost only 30 cent this time. Last time was RM2, I think.

One more thing, she said no more nego rate ! 

Ah Boom, remember the issue with BR paying interest on 1st of the month for some FD certs ? Those affected one they are supposed to pay the add'l days when they matured. I calculated the one that was matured today and they did deposit the add'l days interest. 

They told me the 3 mth 3.7% is for current fund. But it could be just a cover up story. They said they cannot advertise the promo, obviously !    

The MBB BM invited me to the office. Said they are targeting within 1 year to catch up to be the biggest bank in Malaysia again. 

KFH

13 Months effective rate 4.09% Minimum RM10k

26 Months effective rate 4.49% Minimum RM25k

4.09% interest is for 13months not converted to effective rate per annum yet. Should be about 3.78%. 26month fd should be 4.15%/pa.

Uncle must be very busy. AmBank 5 mths 3.85% FD has been around for about 2 weeks (or more ?). Have placed FD on 1/10. 
My calculation is 3.76% for 13 mths FD and 4.10% (4.098%) for the 26 mths one. 

Above is my quote right? How come you did not quote it?

Anyway, UOB is known to revise their rates without any prior warning. So, call UOB or just visit Post#1 and Post#2 when your funds are ready to be placed in FD.
Bro, firstly, I wanna thank you for letting me know you appreciate my "hard work" at my blog 

Secondly, life has its up and down moments but for now I tend to agree it's wonderful. Most of you guys here are placing new FDs periodically. I, on the other hand, is withdrawing my FDs periodically and getting poorer by the day And if you had read my previous article, My Pride and Joy Who Also Makes Me Poorer By The Day, I have said that I will now be cashless sooner that I have expected.

As for the FDs being back dated, I learned this from an aunty many years ago. I was at UOB PB Centre and there was this aunty sitting if front of the teller for quite a long time not doing any transaction and kind of holding up the Q. So when it was my time to be served at another counter, I asked the teller what is with the aunty, and I was told that she was waiting for HQ to approve her appeal for her matured FD to be 1. given the promo rate and 2. back dated to the date it matured. So, from then onwards, I learned to be thick skin and request for stuff. However, it is not often that my request are approved but if my FD matured like for 2 or 3 days only plus I offer them some sweetener (e.g. I promise to place X amount or I have another FD due soon), then it is easier for it to get HQ approval. And it also depends on my relationship with my RM or Bank Manager because if they are not willing to call/email HQ, then there's no way it can be back dated.

As for UOB, since last month, I don't even need fresh fund, they are willing to give me whatever promo rate they are offering for my matured FD on the spot without needing HQ approval. Banks are now competing for our funds and I guess UOB is on aggressive mode as they are offering straight forward FD at 3.5% and 4.05% for 3 and 12  months respectively. Next time you go to the bank, ask the teller what is their current monthly target quota for deposits and you'll be shocked!

Frequent Flyer = probability of getting killed in air higher too, hahahaha.

And since you took the trouble to thank me and letting me know you appreciate my work, I have decided to include in my up coming article on how you may just find yourself richer (up to several thousands Ringgit) by placing a 3 month FD with a certain bank.

Just wondering what sifus here make of the recent hike in FD rates especially for the longer term deposits.  I always concede that the banks know more than me; that they are smarter, when I try to make my decisions haha...

1. 12 month FD rates seem to be hovering around the 4% mark now, this suggests that banks are expecting the OPR to be raised upwards in this time period.  Next OPR meeting is 6 Nov 2014, there's been some rumours that it may be raised this round to "manage" growth better and avoid overheating of the economy; after all, we are still growing by around 5.5-6% annually, the highest of SEA nations

2. the world's major economies are preparing to raise their interest rates to curb excessive risk taking

3. in spite of (1) above, BNM governor maintains that we still need a loose monetary policy with low interest rates.  I'm just wondering how much we are able to go it alone, especially when the world's major economies adjust their interest rates to manage their own economies better; after all, we are only a small fish in a very big pond

My thinking is that there will be a hike in OPR at the next meeting in less than a month's time, which would then result in another hike in FD rates (?).  What do the sifus think?  While I am very tempted by the 4% 12 month rates, the prospect of even higher rates before the end of the year is even more tempting!

While I lament that I placed certain amt in UOB for 13 mth at 4% just a week or two ago, it now increased the rate to 12 mth 4.05%.

But if I just wait for the increase, which one may never knows whether it will be coming, then I lose out more on keeping the fund.

So I do agree with magika's opinion that it is hard to time the market. You just have to make the move when the gain is sufficiently good for us. Also for UOB, they have been adjusting their rates. So my 4% is better than their 3.9%, 3.95% offered not too long ago. 

Min 10k. Just confirmed with my RM

He Top Goat ma, eat grass print money.
Thanks for confirming. Captain Gen X also updated first post with the minimum amount edi.
Err, there's the HYA (High Yield Account) and also some credit cards are only for Premier Banking customers. You will also be assigned an RM to assist you with your banking transactions.

Nothing mentioned about premier banking by my Relationship Manager. i think it's open for all.

Got RM or not sometimes make no difference one.
Instead offering better service and advice, they may only care to sell insurance or investment product.

RM just a nice name as compared to Public Relation Officer. 

True true. Sometimes go to counter and settle the transactions will be much easier.

But if got a dedicated RM to help out with future transactions when one is away also good ma. Just have to reject their sales pitch from time to time.

Haha. She dared to say that eh? Didn't get another RM to assist you?

On and off these Premier Banking will call and ask for feedbacks on their RMs. That time then you can taruh them liao.

Ya, sometimes some promo is specially for PB customers. If it is, I'm sure Captain will state it somewhere in the first post

I stick to one RM only from each bank, so they know my style, if keep changing, i will angry and quit that bank.

So far so good, just call ahead and inform them what i want, arrive, sign and kau tim...

BMW 5 series.

You must've purchase quite a large sum for their investment products. Next time if they ask me purchase any investment products, I'll ask them come my house to pick me up in 5 series first.
1. Maybank
2. HL Bank
3. Allianz?
4.
5.
6. Ambank?
7. Affin
8.
9. OCBC
10. SCB
11. CIMB
12. HSBC

Yes, that day you went to MBB using your Chauffeur's Kancil and park in the Private Banking designated parking lot because your Bentley Continental GT was being serviced 

Lets say if i deposit 50k for the Islamic Term deposit, they credit 2k into my fund on the spot right?

at any one point during the one year period, can i uplift the FD?

Hello Uncle Magic, you don't fool kinabalu lah...
Penalty will apply and will deduct money from principal..