I read HSBC Premier website today , they offered p.a. 5.88% 2 month Time Deposit,
anyone taking know what is p.a ?

Banks should be encouraged to accept IBG as fresh fund more since next year there would be charges for FD placement using cheque...

the fee for Interbank GIRO (IBG) transaction conducted via Internet and mobile banking is capped at 10 sen effective 2 May 2013 compared to about RM2 previously

Ah Boom, noticed you have updated post 2 super fast yesterday. Keeping mum for days already. Anything to share on your FD strategy esp. that BNM meeting next week ?

HLB Junior FD - 4.15% for 24 Months Tenure

I am very disappointed. I put some money into my Children's FD in HLB on the 17th of Oct but was given the old rate of 3.95% for 2 years instead of the new promotion 4.15% for 2 years.

Should I stop the FD that I've just put in. Take it out for a few days and then re-deposit it again with top up of few k?

Here is the formula for you to find out worth or not to uplift 3.95% and re-deposit into 4.15%. You sendiri kira.
(4.15 x 730) / (730 + no of days without interest)= x%
Then compare x% with 3.95%.

For 12 mth FD, simply replace 730 with 365.

This formula can also be used to calculate you actual yield if you park your fund day after day in low yield CASA waiting for higher promotional FD rate to announce.

Say you go and withdraw your 3.95% Fd and put new FD at 4.15% tomorrow, you forego 12days of interest on your original FD to get the new rate 4.15%. Your new Fd starts from 29.10.14.

if your amount deposited is big, the extra 0.2% over 24 months can be significant.
if your amount is small eg. RM10,000.00,  the extra you get switching from 3.95% to 4.15% is only an additional RM27.00 over the whole 24 months period. Worth the trouble to go withdraw and redeposit?

If deposit RM100k, you get extra RM270, if 1 Million you get extra RM2,700.

So yes, the amount deposited does matter.
The bigger the amount deposited, the more you must go get the higher FD rate.

I would also add the tenure of FD also matters.
The longer the tenure, the more you must go for higher rate.

In the above example if both the 2 Fds are only for 6 months duration, forget about it! The the extra 0.2% cannot even cover your 12 days interest that you sacrificed.

So i wont get excited with any promo offering slightly higher rate but only for short tenure 3 - 6 months.

Been very busy this whole week, I missed the maturity date for my FD this past Monday!

Guess I will just stick with BR for this FD as:
- when I placed the upfront 4% FD at Maybank, I deposited the cheque on Tues 21 Oct
- As Wed was a public holiday, I could only collect my cert on Friday 24 Oct as the cheque was on a 2 day float
- After that Maybank called me to ask where the funds came from & even updated my personal details & job.

Did second 4% Maybank upfront FD today - was meant to do it the other day but they had to wait since Wednesday for bankers cheque from CIMB to clear.

Now only if Citi didn't take a month to uplift my other FD which was to secure a card I could have done that one too 

UP!

mean they are paying interest twice if i put 12 months? Sorry i din't put any FD b4, normally FD only pay u once per year right?

Received SMS from RHB manager. New FD promo until Dec 5. 6 mths 4%. 9 mths 4.15%. Min 50k. Note separate FD promo of 6 mths and 9 mths, not step up like previously. Rather good rate.  Both promo very good except min 50k required. 

great info shared
was really looking at good 9m offer after placing 3m, 6m and 12m lately

btw hows ur experience with similar investment ?

You mean Callable Klibor ? This is totally diff from normal FD.

Bro, fantastic rates indeed. Actually too good to be true. I would appreciate if you could triple confirm with the RHB person that SMS you that there is no CASA requirement.

Updated above to Post#1 and also added BR new rates.