I thought min amount rm100? Why yours rm250? Anyway i think they should at least issue a passbook for the rm100 SA.

Then do you know when can we uplift the FD? On the maturity date itself?

Locking in for AmBank 4.5% FD! woots!

UOB Christmas Promo 12 months 4.2% extended until 31 December 2014. Click here to my Fixed Deposit Page for more FD Promos.

I tell you, nowadays I don't really have to move my funds here and there to satisfy the big hassle fresh fund requirement. Today and back in November, UOB PB staff got approval for me to have my matured FD renewed at Promo rates. But of course I'm a humble and nice guy where I begged nicely, hahaha. Like I mentioned before, most RM don't get any commission from our FD deposits and it is not in their scope of works to go get HQ approval for "special" FD rates requested from their customers. They do it out of goodwill, and of course once a while show your appreciation, e.g. like sylille mentioned, she was willing to take an Affin staff out for lunch because he/she was so helpful. And being nice to the bank staff also got other perks, like they will not be stingy in giving you Ang Pows packets

i can accept lower rate if the SC RM is willing to go lunch with me

I also placed 9 months FD at RHB just now and maturity falls on 26 Sep 2015.
RM100 to open savings account (statement) and get a cash connect card.
Oh no! i will be charged RM20 annual fee for the card!!!
Bank staff pushing hard for bonus savers savings account which requires min RM500
>.<

Took about 40 mins..service is slow and i had to run many counters cos i do not have any savings account. (RHB Kuching Simpang Tiga Branch)

Personally think that Bank Rakyat and Affin Bank service are better and faster.

*I request a plastic cover for my FD paper slip but the bank staff said out of stock !!!

This post has been edited by aijiet: Dec 26 2014, 05:53 PM

Should be AMIslamic Bank 4.5% FD for 36 months with min RM10K
MUST credit interest to bank account.

Ya service is very slow, took me 1.5 hours from the time i stepped into the bank. The staff told me there are few people opening saving accounts and i might need to wait for 1hr+, asked me to come in the afternoon. I feel lazy to go again, so i waited there.

Then do you know when can you uplift the FD? On 26th sept that day? Interest is 25k x 4.15% = 1037.50? I saw someone posted before that RHB is one of the banks that does not pay interest on non-working day? What does it mean?

I did and only MYR30 is required to open the new SA.

hi all,

I have a question here. For PIDM, it's RM250k for one account per person.

If it's for joint account FD, will the PIDM covers RM250k or RM500k? can anyone help confirm? otherwise, i will ask bank or maybe try to contact PIDM.

Thank you!

Go through this, may be you can understand better.

http://www.pidm.gov.my/For-Public/About-De...nce/Calculation

This post has been edited by spikeman: Dec 26 2014, 07:37 PM

Thanks...have to patiently wait for it....

wow, this is helpful, thanks!
looks like we just need to create separate accounts...

Dear All,

Anyone familiar with OCBC's Festive Treat Promo 12mths 4.2% (Promo from 15/12/2014 to 31/12/2014) ??



Full T&C here : http://www.ocbc.com.my/assets/pdf/Accounts...TnC_General.pdf

Is there any hidden notes/T&C such as CASA requirement, or step-up, etc? Effective rate is as promoted 4.2% ??

Sorry, a newbie here to learn

Thanks in advanced

3 yrs long time.. any idea if FD rates will increase in the next year?

Have RHB 15 mth step-up FD maturing. After some calculation, found worth it to terminate it and move to Affin 2 yrs 4.38% or AmBank 3 yrs 4.5%. That is the beauty of the step-up FD with no penalty on termination upon maturity. RHB step up rate changes every 3 mths. Cherroy has rightly pointed this out some time ago. That we can move the FD out if there is better rate elsewhere with no penalty.

This post has been edited by bbgoat: Dec 28 2014, 01:36 PM

At the moment and economy situation, it is unlikely for rate to go up further.

Commodties price falling, oil price falling, economy slowing down, effect of GST, slow down in household debt increment, property price cooling down a bit, which are not supportive for rate to go up further.

That made me think of putting slightly long term of 2/3 years FD at higher promo rate of Affin and AmBank.

OPR 3.25%, promotion rate 4.2%, there is still big gap to catch up, even if rate is heading to upside (which is not at the moment).

Yes, that is why I was thinking of Affin 2 yrs 4.38% and AmBank 3 yrs 4.5%. So if OPR to stay at 3.25% in 2015, these FD promo rates may drop. Also banks may be trying to top up their bank deposits. Once they have enough deposits, the FD promo rates may drop ?

Highly yes, as 4.5% is a bit "steep" from the OPR 3.25%.

Having said that, it depends on liquidity then.
There is significant outflow of money recently as seen from the latest BNM foreign currency reserves that dropped more than RM15 billion in a just half a month time in early Dec.

So for time being, I expected those promotion rate to stay for awhile sometimes.