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

Didn't you realize that you just gave yourself a clear answer to your confusion ?

No need to bother about FD, just dump all your money to your housing loan account and earn or rather, save 4.90%. Btw, make sure your housing loan is flexi loan before you dump in money.

Surprisingly that day Public bank allowed the existing saving account money as fresh fund for FD placement

magika, thank for reply.

1st part - either to sign. i understand.

2nd part - CASA form, is this CASA form required of each new placement or a one-time signed form?

That's why I ask plumberly for the link to the regulations    I dunno if right or not based on "BNM regulations"

But let's look at it logically ... say I go to bank say on 2/1/14 & place 3 mth FD ... they will say start 2/1/14 (thurs) & matang 2/4/14 (wed). Then on 2/4/14 I take out with BCheq & walk over to another bank to place for another 3 mths ... start 2/4/14 end 2/7/14.

Fortunately for me so far never come across bank that delay start date to day cheq clear lah.

So, I think it's ok that 1st bank pay me 2/1 to 1/4 dates inclusive... because 2nd bank also pay me 2/4 to 1/7 dates inclusive.

Does that make sense? Anyway, I always calculate in excel to check

BR paying the 2 days interest is correct. I don't get ur point on interest for last day of FD for UOB. The last day or maturity day's interest is calculated in when FD is placed. For 1 yr it is 365 days. So on maturity day they won't give you any add'l day interest. BR also the same. Maybe I miss out something ? 

.....................
Gone are the days that BR can nego rate. .........................

Hopefully they will put back nego rates soon. 

if the housing loan no flexi, after dump money no more refinancing?
can we dump money into EPF ?

Not sure about May bank. For public bank, I just told the counter withdraw from my saving and place into FD account. The most friendly bank on fresh fund. For UOB I withdrew and added on some cash.

I have enquired from Maybank Genting Highlands branch before, the trainee told me need to have fresh fund but when he enquired with the officer, the officer said "existing fun no problem, we want to retain our valued customer mah". I supposed they want business now, you can try.

if the housing loan no flexi, after dump money no more refinancing?
can we dump money into EPF ?

Ya, I didn't check before going as was in a hurry, my bad.
I will see if I can squeeze any extra 'moolah' out for UOB still.
Another point to consider for monthly interest, hm..

At the moment quite happy with AM Bank, I got 2.8% from the AmStar Extreme current account last month also.

Between bank FD and EPF, the latter gives higher returns. But you have to be careful on when you can take out the money. 

Its each new placement form. Unless CASA is also joint account then no need.

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..

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..

it's a bit irritating that fresh fund rates are sooo much higher than other rates

thinking of doing this:
1) I have an existing 10k fixed deposit at bank 1 (1 month tenure)
2) place 10k fresh funds at bank 1 and get higher rate for new fixed deposit (6 months tenure)
3) a bit later uplift my existing fixed deposit at bank 1 and move it to another bank 2 to get higher rate there

will this work?

Its each new placement form. Unless CASA is also joint account then no need.

Banks that pay interest for non-working days - Updated on 16 Nov 2014
OCBC
Bank Rakyat
UOB
May Bank (Need to remind May bank staff to add interest)

Banks that do not pay interest for non-working days
Am Bank
RHB
Standard & Chartered Bank

Bank that non-voluntary credit interest unless appeal
Public Bank (Need to complain to BNM then only pay interest)

I know UOB does not pay interest for the maturity date; but I am not sure about RHB.
Also, you can include your prediction of next OPR hike as part of your considerations.

It is hard to make decision lah..
If I were you, maybe I would go for UOB..but still need to check the FD maturity date first..

Get SMS from Alliance Bank, 4% for 6 months and 4.15% for 9 months. Min 10k of new fund. From now until 31 Dec 2014.

thanks. this could be the same campaign with revised rate.

Even their T&Cs (outdated now) vs website info vs sms above are all not consistent   

Tenure	Interest Rates/Indicative Profit Rates
6 months	3.75% p.a
9 months	4.15% p.a
12 month	3.90% p.a