Then letter from BR is charging what card ?

Did you do rentas at BR before ?

Bro Magika, when you uplift FD, BR can transfer the funds via GIRO to any other bank account of your choice and the cost is only RM0.30. If you do it in the morning, the funds will be credited to yr nominated account that same evening. So mebbe a good idea to open the RHB Basic Savings Account first and provide them with the account number when u uplift the FD.

Oops, just remember why I dont want use it this way. IBG after 9.31am receipient bank supposed to received by 5.45pm. This means when we issued cheque for FD placement, our Current Account does not actually have the funds yet. We are assuming that there is no problem in the IBG process. Normally there would not be any problems, but thats not how i operate. I dont assume anything. Thanks anyway.

Hmm, so with BR no longer issuing banker's cheque, we need to be able to tell the counter the account no for IBG. I better remember this else I'll go crazy if I need to go to BR again to settle. Even if we can pay for the banker's cheque, they are not going to issue it?

Yes, same day and paper confirming FD placement issued on the spot.

To ALL:

I just published another article titled A Little Bit Of This and A Little Bit Of That Vol.1 Chapter VI where one of the subject is about me going overseas and as such can't use funds from the maturing FD to go place with another FD Promo. And another subject specifically targeted to those of you who have attained "Chiak Bui Liow" status.

gsc has said that I can still chase after FD Promo by giving instruction to the bank to have the mature FD Principal plus interest to be credited into my current account. And at the same time,  I write a cheque to the other bank instructing them to place the fund into a FD Promo on a specific date. But, unfortunately, I don't have a current account with the bank my FD which is maturing.

Anyway, in my article, I mentioned that from now on I shall instruct all my new FDs to be auto renewed for one month instead of previously for same tenure.

Ah Sir..  .. Why this time you did not negotiate with BR to get a better rate..?

I think you need to request BR to pay you up-front interest (instead of monthly interest) as posted by leo_kiatez..
Thanks for the info..
So this should be called "The Return of BR"... 

This time BR comes back to hit the FD market with a tornado.. 
Just offers up-front interest strategy then "Gao Dim".. Really steady..!! 

bbgoat I remember last time BR did not charge me for IBG.
Over the counter supposed to be RM0.30 only, free for senior citizen and OKU.

IBG charges are stated on their website, print how much also nevermind  as you rich tauge 

I just went this morning and the ABM said no more nego rate, nevermind also as not really intend to renew. As long as other banks got competive promo then ok if not go back BR. 'Where there is shade we shall sit' no need loyalty

Attached is the fees & rates BR published online at their website. Should be rm0.30. You can use this info to fight back.. Hehe

Below is the link :
https://s3-ap-southeast-1.amazonaws.com/ban...Yuran%2BCaj.pdf

My BR FD will mature on 6 Dec (Saturday), but the maturity date is printed as 8 Dec (Monday) under Tarikh Matang on
my FD cert.

Should be standardized for all branches, however does it applicable to tenure 12 months and above as well? If applicable to 12 months tenure as well, the effective rate could be up to 4.27%pa (if manage to redeposit the upfront interest). 

yup rhb win hands down. boss, can i suggest a list of banks that adj maturity to next working day & those who don't on your 1st post? afaik the good guys are br & uob. not so good guys mbb, ambank, rhb

hope others can confirm with their respective banks for this list ... in the spirit of maximisingreturn the ultra kiasu way

Initially I thought I was cheated by lenglui. Paid her RM2 by cash. Then checked the IBG sheet, clearly printed RM2 added in there.

So, it may yet be another inconsistency in BR operation.

Oh boy, going to hantam someone on this.    Have the IBG record, so going to ask it back from them the next time I go there. 

Thanks for calculating the effective rate.. really steady..
More than a month ago, I requested SCB to change my Instruction 1 to 3 just by signing a request form.
SCB said this whole process would take about a month to complete.

Then one month later, I went to SCB and I was hoping that to get a new FD cert with Instruction 3 printed on it,
but when I arrived there, the FD cert was not updated, SCB promised would do it in 2 days time.

2 days later, I called the SCB leng lui to make sure if the new FD cert can be picked-up or not, she did not answer
to my phone, then sms her also no reply. Then I went to the SCB on the same day to find out the answer.
When I reached SCB, SCB still has not updated my FD to Instruction 3, I was quite mad and I requested to see the
branch manager.

Branch manager came out with blue dress suit, he promised this could be done within 2 days. I said I gave him one week
to do it. So let's see if I can get it next week or not...
Captain.. what is AWOL..?
What proposal..?   Please don't scare me lah... I am just a village old man..

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

Any schedule for Rentas ? Never done it before. What i read it just mentioned same day.

That we also heard but need confirmation from those using it before. Google it but there is just cutoff time for same day transfer.
Maybe previously IBG (giro) needs longer time frame but now IBG is also same day transfer with respect to cutoff times. So wonder whether it is still relevant for normal customers.

Maybe our bro cherroy can shed some light. 

Let's start from here now, will post it on front page...

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

Thanks for checking it out..
Only limit to 6 months tenure at 3.65% has no meaning lah..

Yes, there is cut off before about noon time to enable Rentas to credit in the same time based on experience.

But now, IBG if done early in the morning, late afternoon already credit into the account already.

Just IBG has max limit of 10~20K generally, so if bigger amount still has to do with Rentas. Correct me if I am wrong or slow in update the info.

hahaha, you point out the "Key Phrases" for me, over time I can do an Index. What dirty words you talking about? It's part of the human anatomy! hahaha

RENTAS also got cut-off time but I don't know what time because I prefer to get bankers cheque. The best just go to the bank in the morning and complete either RENTAS or IBG before 12.30pm, guaranteed money will be credited same day.

Update on RENTAS  at Bank Rakyat.

Not having the experience of using RENTAS plus lack of info on the net, so decided to perform it on one of my FD upliftment at Bank Rakyat. Staff at the bank rebuffed me on the use of the facilty so left with no choice, i called their customer service, after a bit of my stern lecture, customer service facilitate by arranging with my branch.Was informed cutoff time before 11 am contrary to existing info.

Went to the branch, immediately saw unhappy faces at the counter and backoffice. Counter officer informed me that normally only allowed for fund over 300k, that is questionable, but this time i let it be. However , need to write request letter to bank on the spot requesting to RENTAS my fund to receipient bank. No standard form means , maybe, i am the first individual to use that facility. 

RENTAS is immediate real time transfer. How i know ? Immediately after being handed the transfer statement, i login my receipient bank and available total in full is shown. 

Summon bbgoat

How much it cost ?
Nil or RM0.00 , maybe due to FD upliftment or maybe officers afraid I will lodge further complain. 

Compliments from the captain... paiseh liao...

RENTAS charges (that I know and used frequently):

HLB: RM14
RHB: RM7
UOB: RM9

Off topic a bit

From reading the posts by you guys, I feel that Bank Rakyat is really not that competent.

U comfortable placing so much $$$ with it?

My my my audit me liao !

Bro Ah Goat , got investigate captain 3.95% 3 months thingy ah....

Aiyah, I thought you rich guys depositing with BR will highlight one very important point but did not:

Commercial and Foreign Bank with PIDM only up to RM250K per account type of your money is "guaranteed". So very troublesome go open many accounts with same bank and other banks.

BR - money guaranteed by the Rakyat, deposit RM100M also secured!