Bro, if you have a current account - You can perform GIRO before 12.30pm into the current account and then go to another bank and place a new FD. I have shown in my article A Little Bit Of This and A little Bit Of That that I perform GIRO at RHB before 12.30am into my HLB account and same time wrote a cheque. At 7pm, the amount transferred via GIRO transfer was credited into my HLB current account but the cheque amount not debited yet.


hahaha, that guy is a genius, he's playing you. Seriously, what this shows you many don't understand about % p.a. and don't comprehend effective interest rate. That's why many are getting poorer signing up for Personal Loan where Banks advertised "low" interest rate but in actual fact the effective interest rate can be as high as credit card's interest rate. I guess there is some truth about what people are saying about our poor education system,

Yes, anyone can make deposit with Islamic Products at Islamic Banks. But you got to understand that dividend (interest) is not guaranteed (but usually they honor it).

This post has been edited by Gen-X: Sep 10 2014, 03:22 AM

As per the CIMB's table, it's RM0.10 per IBG transaction but I paid BR RM2.00, so does that mean mine's an instant transfer?


Will try this out for the next month's maturing BR FD... TQ Gen-X.

BTW, I really loved your quote "...if I don't spend my money on my children's education, they will eventually inherit my assets anyway and god knows how they'll spend it!." from your latest article ( http://generationsxyz.blogspot.com/2014/09...es-me.html#more ). WOW!

This post has been edited by giko: Sep 10 2014, 07:54 AM

Did not realize moved to new V7.

Called to RHB Bank. Only left FD promotion, 6 mths 3.80% and 9 mths 3.85%.

Hi guys, I just called UOB regarding the 13 months 3.95% and the lady told me it's a pure fd. Confused now..... ....

what to be confused?

Looks like the 13 mth at 3.95% is best deal at the moment, for 12/13 month FD.

BCC, the RHB 6 mth at 3.8% may be a good one while waiting out for any OPR change.

That is over the counter GIRO charge, not instant transfer.

Confused on pure fd? No tie up with CASA.

The post on first page mentioned casa needs to deposit 2k and can withdraw the next day.

I see.. no wonder you were so quite for the past few days..
I thought you were having fun in somewhere so I did not want to bother you

Thanks for the info..do you know these 2 promos valid until when..?


I think so..

I think so.. but it is still hard to say..

For Am bank, if deposit amount is RM 200K or above, can get additional 0.05% (priority banking), so it will be 3.8% for 6 months.
In overall, RHB is more easy and less hassle, so RHB at 3.8% for 6 months is the best...

According to UOB, we need minimum RM 2K to open a saving account so that the interest can deposit in
saving account every 6 months; UOB also said: we can withdraw RM 1990 from the saving account in next day.
But one member said that he just put RM 20 to open the saving account.

yygo already answered to your question on his post #47..

This post has been edited by BoomChaCha: Sep 10 2014, 03:49 PM

odd.......I asked when will the interest will be paid out, she said after the 13 months. No CASA required as this is a pure FD promo.

Oh.. really uh..
I got this info about RM 2K deposit for saving account from UOB Imbi branch...


This post has been edited by BoomChaCha: Sep 10 2014, 04:36 PM

Okay.. Bro..I just called to UOB call centre at 1-800-88 9833.
You are right and I am wrong.. very sorry..

This is the update:
UOB 3.95% for 13 months, pure FD

Post#2 has been updated...

This post has been edited by BoomChaCha: Sep 10 2014, 05:13 PM

Bro, thanks for reading my articles

Oh, I am sure you also read about RENTAS in my article, which cost more than GIRO over the counter. RENTAS allow more to be transferred. I wonder if BR have RENTAS facility?

Yes, the UOB 13 months promo is Pure FD. And interest will be paid semi-annually into a CASA account. So, if you have a CASA account then no issue. However if you don't have a UOB Savings or Current Account, you need to open one. AND most UOB CASA account have some fees! If you going for the UOB 13 months FD Promo and need to open CASA, check out their eAccount which is FREE (no monthly fees) but you got to pay for the ATM card I think.

Bro, if no need CASA, why does the interest go into?


AVFAN - last year we discussion at V4 about AUD. AUD/MYR exchange rate about 3.2 then. Well, AUD/MYR is now below 2.9 again USA/MYR strengthen but AUD is weakening like hell against USD (AUD/USD down 0.83% as of now). Time to start monitoring AUD/MYR

3.2 -- > 2.9, that's 9.375%. Whomever deposited in AUD Term Deposit back in May 2013 had wish they have deposited in RM instead.

This post has been edited by Gen-X: Sep 10 2014, 05:08 PM

Captain, Post #2 has been updated again... Thanks for the update info

UOB 3.95% for 13 months, pure FD, no need to open CASA

No wonder I have been keeping the V6 thread open and the last posts were from you !

Captain, thanks for opening the new thread and updating all the info ! I think it is better to mention that new thread is open so we can all move over at the end of old thread. I only know it when I looked up and saw "Closed".

Will be going to RHB tomorrow and will ask them.

BR has RENTAS but only for corporate or company account user.

This post has been edited by bbgoat: Sep 10 2014, 08:34 PM

15mths 4.25% at Standard Chartered before 19th September.
12mths 4.0 %.

These must be the highest RATES offer at this time for PIDM Bank Deposits.

Ha ha.. very funny..


I think the same way...

Okay.. Thanks..

T&C? CASA requirement?