Traditional or conventiinal product
If place for a year with rate 4% Fixed deposit. 4% rate will be locked in irrespective OPR moving up or down in that 12 months period

Traditional step up product ( FD rate stepped up by quarterly)
FD rate steppng upwards quarterly. Bank will pay as per the advertisement irrespective OPR moving up and down thoughout the 12 month period.


Public Bank new FD step up FD product,
Public bank specifically mentioned in their brochure and contract agreement that the step up interest rate may not be followed should there be a change in OPR.
Meaning suppose a person has taken up a step up FD for 12 months period. Initially the second quarter period stated is 3.5% but Bank Negara has revised OPR downwards by .25%, Public bank has the right to revise downward the step up FD rate promised earlier even though the FD placement is for a year and still in the running.

The reverse could be true when BNM raises the OPR. So far Public bank has not yet revised the step up rate since OPR has been remained unchanged.

Bottom line is do watch on the clause and do not think the bank cannot change the FD rate after a person has placed the FD for a long period.

Actually Alliance Bank eFD system is one of the best. It is so convenient to place 4.1% eFD and no need to go to the bank. The reason it is difficult for some is they didn't read the T&C properly. Because it is handled totally by the computer system, they have to write in the code to 'detect' fresh funds. Hence they code in the formula
New Funds =
Today’s Total Deposits – Previous MAB – This Month’s Total eFD/eATD-i Promo Placement

Let's say April MAB is RM5000. Then in May you ATM out RM2000, early of the month, then you IBG in RM10k for the promo, you will not qualify because you are still short of RM2000. So while you think your RM10k is fresh, the system only accept RM8000 as fresh.

This post has been edited by VergonDC: May 16 2015, 04:27 PM

Problem is i created my account on Wednesday. Deposited rm250 during creation. There is no AMB for me..

I tried ibg 20k n deposit another 250, still doesnt detect as fresh funds

Ah.. Their system maybe detect yours as infinite (divide by zero) This you will have to file a complaint.

For those of you who want to claim any gift which is promoted by Ringgitplus, please remember to inform the bank staff and make sure the bank staff "identify" or record it.

When I made my placement with Ocbc, the staff did not record it even though I informed her Ringgitplus promotion. When some members here they have received them but I did not. I emailed to Ringgitplus on my trolley. They replied the next day asking for proof of FD. Apparently, Ocbc did not identify my FD is under Ringgitplus promotion. I replied and within 1-2 days they responded and I received an email from them on how to claim the gift. Finally received the trolley today.

The trolley casing is thin. Only suitable for light weight items. Definitely not able to stand the rough handling. Anyway it is free. Appreciate the fast response from Ringgitplus to deliver as they promised.

This post has been edited by gsc: May 16 2015, 07:40 PM

Hmm.. but u say first time successful, and second time unsuccessful?

Post #2 mentioned HL bank 6 months at 4% valid till end May. Last Friday I was at HL bank and was told 10 months 4%. Can anyone verify is 6 months at 4% still available?

Tomorrow going to HL Bank. If I remember, will ask about the FD promo. Plan to take out and go to OCBC to see leng lui's there. Haha.

Today going to BR's high tea.

I'm a client of BR too
How cum they never invite me?

Haha, you mean NEVER ?

Today's event is in Penang. Not sure if it is whole of BR Penang or just the branch that I used.

Yes, never
Perhaps I'm a small fly -v- u r HNWI

I small fry swimming in a pool of sharks ................

yeah right "small fry".. u go BR get "special rate" compare with others & also have gift when CNY

HL Bank 10mths 4%

HL MACH 9 mths 4%, place it online..

Looks like u shud know which is better

i miss the SCB 4.5%

gsc, any idea about current RHB 12 months step up FD promotion? Will the interest rate at subsequent step up be affected by OPR too like Public Bank's one? Could not find such term & condition in their product disclosure, well.. at least not clearly printed out like Public Bank with regard to interest change due to OPR.

This small fry went to the BR function. Swarmed by rich uncle & aunties. About 10 tables. Only customers of the BR branch that the small fry is using. More than 90% Chinese as it is in Penang town area. Door gift is bath towel.

HQ one VP was there. Asked him why no more banker's cheque issued and told him customers running away due to this reason. During Q & A, the VP said now the BM decided that he will issue banker's cheque. Surprise, surprise ! It was posted that BR will stop issuing cheque starting Jan 2014 (or 2013 ?), they posted a notice on their board at that time.

Then someone asked about no PIDM. The VP answered that it was guaranteed by the government on the principal amount. Then someone asked how about the amt. The reply is irrespective of the amt !! Wow !

Food wise, reasonable not bad. Received lucky draw prize, first time from BR.

This post has been edited by bbgoat: May 17 2015, 07:47 PM

Saw banner outside Rhb ,promo 7% n 7.8%, anyone got info?

This should be the one I mentioned in April. I went for it with 50/50 split between FD (6 mths 7.8%) and ASNB UT.

how much sales charge was the ASNB UT? 4%?