guys, let say you have a fund of 300-500k, will you go to a bank and nego for best rate or place 100k in different banks ?

Ah ChaCha, my thinking is between 15 mths 4.25% and 5 yrs 4.7%, diff is 0.45%. Time lock in diff is 3 yrs and 9 mths. With impending OPR change, the 0.45% over nearly 4 yrs lock in is not that attractive. Unless MBSB revise the rate ..................

That is just my opinion. 

It would be interesting to see if US raise the interest rate this Wed (US date) and then BNM meeting this Thursday. 

Sorry...I do not understand...
you mean when UK interest goes down, then Malaysia interest rate will go up..? 

How many days does it take for a Bankers cheque to clear? I enquired with Standard Chartered Bank (Saadiq) and they told me need 2 or 3 days to clear, is this true?

My KFH FD matures today and I want to transfer to SCB for the FD promotion, now I'm stuck. Giro only limits 5k a day.

I don't want to use cash.

Anyone with any ideas?

Updates:

I went to KFC to ask, the officer told me to do a "Rentas" transfer which cost me RM8.00 but transfer to my SCB account would only take an hour.
If I had gone before 12.00pm, I could have transferred using Giro @ RM2.00, the money would be reach my account after 3.00pm the same day.

Hi aeiou228,

Thank you for your advise. No, your reply did not reach me but I appreciate your effort to let me know, I have done the Rentas transfer. 
If what you say is true, the SCB Saadiq officer have given me the wrong info. 

Anyway, the bankers cheque issue by KFH will cost me RM3.00+ (around there), so I'll be paying a little more for the "Rentas" transfer.

After rushing the "Rentas" transfer, I went to SCB Saadiq after 2.00pm to apply for the FD and you know what, the bank officer says because the cut off time is 3.00pm for FD placement and they need to submit the FD application by 2.15 or 2.30pm, they are unable to process the FD application and advise me to come tomorrow morning instead. No matter what I say, they would not do the FD application for me    !!
It is fortunate that my office is just above the bank. Really frustrated with this bank, got money oso don't want.
Somemore the bank officer trying to tell me to put my money in their investment plan where 50% will be placed with Maybank FD and 50% for investment in sharemarket. Told her  a big NO!!.

15 months FD for SCB works out to be 5.31%

since it is 4.25 p.a so the remaining 3 months 4.25 divide by 12 x 3 equals 1.0626, add them all up is 5.31%

ok guys actually CS also confirmed it is 5.31% for 15 months

You still don't get it? 

4.25% pa

A total 5.31% interest payout after 15 months (pa missing)
A total 8.5% interest payout after 24 months (pa missing)

They are the same.

Learn new creative marketing.

like i said, stop giving bank new idea to con  

Everytime when I go to OCBC, I always have the feeling that I wish I was 25 years old.. 
Why I have feeling like this leh..? 
You received OTAC also..?
What is the usage of this OTAC for us to log-in internet banking..?
I think SCB sent this OTAC mistakenly, they were supposed to sms temporary password to us instead..
He is similar to OCBC RM
Yesterday I called SCB leng chai again, but he still said that interest would only pay upon maturity, then I asked him to read
the terms written on the FD cert, then he said he would call me back. But I do not think he will call me back unless
if I buy corporate bond from him...
This depends on what renewal instruction (number) we request when we place the FD.
I just found out the Renewal Instructions At Maturity (number) on the back side of the FD cert:
[attachmentid=4145790]

Mine is 1, this means my principal + interest will roll over to board rate upon maturity.
--> So when I withdraw on Monday, 21 Dec 2015, I will not earn any interest at all for 2 days -- Saturday 19th Dec and
Sunday 20th Dec.

Yours is 2, this means your principal will roll over to board rate upon maturity, but your interest will deposit
into JustOne saving account upon FD maturity.

Assume if you withdraw FD on Monday which is 21 Dec 2015.
You will earn 2 days (19th and 20th of Dec 2015) interest from paid FD interest in your JustOne saving account.
But you (and me) will lose 2 days principal (FD) interest on 19th and 20th of Dec 2015.

Now for the FDs that we have placed on 19 Sept 2014, the best solution for us is to select 3 which is credit principal
and interest to our Just One Saving accounts so that our principal + interest can earn 2 days interest on 19 & 20 of Dec 2015.

On the back of the FD cert, it also stated like this:
Any changes to the above instructions must be made before the maturity date of the deposit.

If you are placing your FD with SCB for 18 months today, your FD maturity date is Thursday, 24 March 2016.
So your new FD does not have any issue since 24 March 2016 is a bank working day.
http://www.timeanddate.com/calendar/?year=2016&country=69

I am thinking to request to change my Renewal Instruction from 1 to 3..but do not know if SCB will cancel my FD cert and issue a new FD cert with a new effective date, then I will lose few days interest, in this case it is not worth changing it..

SCB Leng Chai returned to my call this afternoon, he said if matured FD auto-renew (roll-over to board rate) on
Saturday, and if withdraw on the following Monday, then no interest for Saturday and Sunday.

But I am not sure what he said was true or not.
Because he is a RM, apparently he does not know much about FD products.

I know OCBC will pay interest for Saturday and Sunday. But I doubt about UOB...

http://www.ambank.com.my/ambank/SiteAssets...D/TopRateTD.jpg

Para 3 of the T&C's per the above states "Upon maturity, the time dep will be renewed for 5 mths tenure at prevailing board rates"

However per 4.4 of http://www.ambank.com.my/ambank/SiteAssets...0(Eng)%20v2.pdf ,

"The Promotional Rate stated above is applicable for one (1) cycle only. Upon maturity of the FD/TD Account after the Promotion Period, the Bank‟s prevailing board rates for FD/TD Account shall apply to any rollovers and/or renewals."

Now which T&C is the accurate one as the former "forces" you to renew while the latter gave you the option of not renewing...

Sifus, can clarify. TQ

Ok, update Ah Sir Ah Boom:

1. SCB do NOT give FD interest if maturity is on Sat/Sun.

2. For this promotion, the instruction from HQ is renew principal and interest go to SA. I mentioned that I heard someone has "1" instead. But the leng lui still repeat HQ instruction.

3. Renewal instruction "1" is for 12 mths or less. I said I heard for last promotion, there are people for 15 mths still getting "1". Leng lui answer is cannot be. Ah Boom, you did not try to change to "3" ?

4. For this 18mths promo, every 6 mths interest to SA.

End of report. 

To all sifus,

I want to get some opinions from you guys.
Currently my credit card debt approx 15k, and I dont have any FD with me.
But I have my EPF acc 2 that able to settle up my CC and I plan to withdraw all and balance put in FD.(because can withdraw one time only,if i sell away my first house then different story)
Any suggestion that I can get from you guys?

jus spotted in the lower page of this brochure the fine prints that reads, " The promotional interest / profit rate will be subject to revision should there be any Overnight Policy Rate changes"..
is this common? does it means...if OPR goes up 0.25% next month..the rate in the FD would also automatically goes up too?