Hi all,

Just an update for UOB Fixed Deposits under COMPANY level, 3 months 3.80% P.A~

Do PM me if you need more informations

Lucky you ! I run out of high power bullets for now. Only small bullets left which cannot be used to meet high demand FD's. 
Ha ha, interesting.    Hopefully MBB will respond soon with counter moves. 

The MBB 12 mths 4% upfront interest is GOOD ! Up to early this week I know it is still running.

I am also long time customer of MBB.

Agreed with you that MBB seldom has good promo. But recently I changed my view. If u have read earlier posts u would have know that last 1 to 2 mths they have competitive FD promo's including 3 mth 3.87% which has ended. 

We have been discussing this for some time. Please read back earlier posts or check post 1 for our Captain's blog.

It is an under table promo which is not openly advertised. 

Please note banks do NOT advertise all FD promo in the website. 

I better not go OT too often by trying to be wannabe what? Else MOD will give me warning, haha

Yes, the RHB 4.15% 9 months unbelievable and my doubts are gone since we now got proof by dagdag1 - not to say I don't believe you bbgoat but a picture is worth a thousand words.

I do have FDs maturing end of this month and the RHB 9 months Promo just nice but I am leaving next week so it will be auto renewed at board rates With me flying off every month, really screw up my Musical Chair tempo. Previously got few certs auto renewed at board rates because I was not around (and actually forgot about it even tho I get statements every month, hahaha). This month smarter a bit, went to see my RM and sign the the necessary forms to instruct that the FDs be renewed for 1 month, so next month I come back only go chase after FD promos again.

Another good thing about EPF - if possible, pay yourself max if you own the company or if you are a salaryman, talk to your boss instead of increment/pay rise, ask it to be paid in the form of EPF contribution and you will save yourself some income tax (which will accumulate to lots in the long run) besides getting good interest rates/dividend.

I think it is rm20. I have taken up their FD before and was required to open the saving account to credit the interest

Today place 24 months Junior FD at HLB at 4.15%. With interest credited monthly, effective interest is 4.19%

I normally double check before posting on FD promo. The RHB guy is the branch manager that I am familiar with. 

For EPF, I know that self contribution is max of 60k per year. That is the amt that gsc mentioned several times. 
Better to go ahead first. You lose out on interest esp if the amt is big. If needed, cancel it if there is a better deal (though time/effort needed). You have to decide yourself. 

Banker's cheque or personal cheque is fine though some bank treat banker's cheque as "risk free" and give u FD cert there and then. Banker's cheque comes with fees depending on the bank. Small amt, carry cash or get body guards with u. 
Now we know how guys are rich even without working !   
You are welcome. Thanks for posting the RHB promo leaflet. It clears any doubt others have on the promo. 

My experience with RHB is u can get it with personal cheque on the same day. Other banks like BR, some MBB branch, may not give u on the same day.

RHB will give you a piece of paper confirming the FD placement on the spot.

Current understanding is their respective promo rate will still run after the merger, until end of FD terms. 

No,
on a salary of RM10k a month,  your company can claim tax deductible  employer contribution  on you, max RM1900 (19%).

If your company contributes RM5000 a month for your EPF, the additional RM3100 the company must pay tax.

So unless you have a say, the company would prefer to pay you anything above the 19% tax deductible portion, as your income/allowance  rather than giving you higher contribution in EPF.

You got nothing to lose getting higher EPF employer portion. u dont pay tax for whatever extra you get there.

i stand corrected if there is qualified tax agent in here.

obviously they are doing it for the higher % and is not worry about not getting the money till retirement.

we are getting 6.xx for past few years? this is more than 50% compared to FD rates.

or a good tool for those reaching 55.

yes, additional voluntary contribution,Bayaran Caruman pilihan sendiri, on paper is max RM60k per year.
but i was wondering if we just  put in more than the capped RM60k for that year, is EPF really going to find out or penalise  us?
i doubt it, i think the excess would still draw dividends the same.
Get KWSP 6A(1) form from KWSP or even banks, fill it up and pay. as easy as that. No need any approval from whomsoever.

If your company wants to pay extra EPF for you, then need to fill up KWSP 17(Maj), submit to EPF and get it gazetted as your new rate to be paid at that rate once it is gazetted. To reduce it back company must fill up KWSP 18(maj) and get EPF approval, you cant just simply up or down your contributions.

If you as an employee volunteer to contribute above standard 11% rate, fill up  KWSP 17AA(Ahli) and again get EPF approval. To reduce it back get form 18 (Ahli).

Current understanding is their respective promo rate will still run after the merger, until end of FD terms. 

Print out (or take photo on ur smartphone) the promo flyer that was posted few pages earlier, bring it to show to them. 

I already told them about the promo flyer...they said no such promo....

How you got the promo flyer? Via email from RHB? Can forward the email to me?

Its 6 months 4.00% 9months 4.15% with required Saving Account needed for interest crediting. Dont ask me why its needed?
BSA or Basic Saving Account is to ensure we are not saddled with any yearly fees such as debit card fees and the likes.

Bro, for 12 months this promo is the tops even equal BR with Public n UOB following closely. However commiting to RHB 9 mths at 4.15%.
BSA is passbookless and comes with ATM card free of charge with no yearly fees. Opening requires RM20 only. Are u sure yours is BSA ?