Alliance Bank. 3.9% for 12 months.
http://www.alliancebank.com.my/efdpromo
Fixed Deposit Rates in Malaysia V7, Please Read Post# 1 & 2
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 Oct 22 2014, 03:46 PM
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#1
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Junior Member
166 posts Joined: Dec 2008 
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Oct 23 2014, 12:27 PM
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#2
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Junior Member
166 posts Joined: Dec 2008
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Maybank's latest promo
Attached thumbnail(s) 
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Oct 24 2014, 09:30 AM
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#3
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Junior Member
166 posts Joined: Dec 2008
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Hi there,
When they say fresh fund, can I use RM10k from Bank A to put into FD Bank B but the next day, transfer RM10k from Bank B to Bank A? |
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Oct 31 2014, 11:05 AM
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#4
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Junior Member
166 posts Joined: Dec 2008
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I'm trying to put a placement of RM10,000 into Alliance's e-FD. Yesterday I transferred from Alliance to Maybank. And then today , I transferred from Maybank (another account number) back to Alliance. However, this is not recognised as fresh fund. Does anyone know how they calculate fresh fund?
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Oct 31 2014, 03:39 PM
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#5
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Junior Member
166 posts Joined: Dec 2008
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QUOTE(aeiou228 @ Oct 31 2014, 12:12 PM) Fresh fund methods and ways to get around it had been discussed at length in this thread previously. Yup aware of the banker's cheque etc but no time to go bank la that's why trying out this Alliance eFD. For your case, If you don't have checking a/c, withdraw by banker's chq from MBB then bring the chq to Alliance. BTW, MBB BC is not cheap. You need to weight the transfer cost against the RM10k interest earned to see if it is worth it or not. Add on. Ops ! just noted it's eFD, banker's chq may not be applicable in this case.  QUOTE(Gen-X @ Oct 31 2014, 01:06 PM) And after the 3 months you want the hassle go close the Advance Account? FYI, HSBC do not offer FD Promo to existing customers unless you upgrade your status (e.g. to Premier) and get to enjoy another 3 months but after than no more FD Promo for you. Yea exactly same amount cause RM10k max for IBG I thought I could be smarter so I transfered from MBB Account A to MBB Account B before transferring it back to Alliance bank. Hahaha.Alliance eFD super artificial intelligent system can read your mind and intend and knows it is not fresh fund, hahaha. Did you like add RM100 or exact same amount in and out. I am assuming you transferred the money online to MBB and then online back to Alliance. QUOTE(leo_kiatez @ Oct 31 2014, 01:53 PM) 1.IBG in another RM10k, do eFD. Then only IBG out. Worked for my first deposit but no for my second deposit. 2. IBG out to some other bank, withdraw & CDM in RM10k. Can Work??Haha Anyway found out that the definition of 'fresh fund' is not as straight forward. Calculation as below. 
This post has been edited by kyenli: Oct 31 2014, 03:56 PM |
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Nov 7 2014, 07:39 PM
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#6
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Junior Member
166 posts Joined: Dec 2008
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For fresh fund purpose, would bank accept if the cheque is under someone else's name? Or must the cheque name and fd account holder name be the same?
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Nov 7 2014, 09:36 PM
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#7
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Junior Member
166 posts Joined: Dec 2008
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QUOTE(David83 @ Nov 7 2014, 08:02 PM) Of course, the name must be same. Otherwise, how to "cash" the cheque to your FD account which is under your name? What I meant was the cheque is not issued by myself, but maybe a friend. |
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Dec 26 2014, 12:14 PM
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#8
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Junior Member
166 posts Joined: Dec 2008
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Not sure if anyone posted this.
Got it from Maybank today. 
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