Huh? Since when? Once you put for that specific term, the bank will honour the rate when you put regardless whether OPR goes up or down

website and T&Cs published...



Maybank - Fixed Deposit JOY 1 (1 Month) Campaign
1 June 2015 - 30 June 2015

Enjoy awesome rates with a minimum fresh deposit of RM25,000 for Individual customers or RM50,000 for SME/Business Banking customers in a single certificate on our one (1) month Fixed Deposit.

Offer is open to Maybank customers and is applicable for Conventional Fixed Deposit placement of fresh funds made over the counter only at any Maybank branch in Malaysia. The campaign is valid from now till 30 June 2015 or upon reaching the overall limit, whichever is earlier.

More info: Maybank | T&Cs

i am not too sure.
maybe you can refer to this Link for some information.

AmBank seems to be trying to compete for <12 mths FD. They told me on 4 & 9 mths FD promo only.

The BC talk is for the branch that I was in. It is also when we complained in the high tea session in a hotel. Also my branch last time said no Rentas except for business acct. So, each branch of BR is operating differently !

After dropping more than half of my deposits there, I am just maintaining my acct since Feb. Just renewing matured ones. But I really like their monthly interest and no issue for me, unlike Ah Boom !

Surprised with your Rentas, worst than my experience. I remember I asked about it and few forummers said it is IMMEDIATE. But learned yesterday that banks run Rentas in batches.

This post has been edited by bbgoat: Jun 4 2015, 08:38 AM

Agreed as the FD cert just show 4.33% pa for 15 months only without any remarks which indicate interest rate is subject to change when there is changes in OPR

There is a cutoff time for Rentas at around 11 am. After that might as well perform IBG. Rentas is for normal business use only.
Usually it can be done individually or if they are lazy then in batches.

https://forum.lowyat.net/uploads/attach-95/...-1433348787.jpg

Please refer to the last fine print.

I refer to actual physical FD cert which is with me right now
Btw, did u place any FD with Affin?

Is there a annual fee to maintain the account? Can close after 15 months is up?

For my yesterday's case, the Rentas did do the work. Though it is after 11.30am, still received by 2.40pm. Enough time for me to place FD. If use IBG which saves RM2, likely to be after 8pm.

But you big boss, BR do not allow for me to do Rentas, have to pay for their IBG. You, big boss, FOC for Rentas !

This post has been edited by bbgoat: Jun 4 2015, 09:49 AM

Not tat I know of

when i opened mine (affin basic saving account), there is RM10 for ATM bankard (i refused to take debit card ). not sure if this fee is recurring annually.

I believe the terms 'subject to OPR" is referring to the promotional rate. Since the promotion period is long (until 31 Dec 2015), there might be changes of OPR in between. Lets say the OPR reduced by 0.25% on July 2015, those who place the deposit after the changes will get the effective rate of 4.08%.

But those who place the deposit before the OPR reduction will still get 4.33%. Correct me if I am wrong.

When I opened FD acct and a SA with Affin last year August, no card was issued. For online banking they gave me a slip with some numbers for online acct opening. Unlike some banks that you need ATM/debit card for online acct opening. You have to pay the 1st year fee then cancel it after setting up online acct to avoid yearly fees. So Affin wise, is good in that aspect !

This post has been edited by bbgoat: Jun 4 2015, 10:49 AM

Any ideas sifu?

Received SMS from AmBank. The above promo min 20k for individual, 30k for non individual.

So far, good experience with AmBank on getting lottery prizes and gifts. BUT their system is slow !

... yup, this what I personally thought so; especially on those roll over promotional technique ...

Erm...roll over promotional technique is called "Term Deposit". For example, Public Bank TD-I reward is subject to OPR. You only lock the rate for the first 4 months. If OPR reduces afterwards, the 1st roll over & 2nd roll over also reduces.

However, Affin Bank promotion is called fixed deposit. So, by the terms, I think its rate will be fixed once you place your deposit until matured.

"Wa Ka Lu Kong".. as long the FD cert is printed with 4.33% for 15 months, this is bound by law,
you have to honor it.. Don't play play with me..

nice attach pict

yeah, once printed on FD slip.. OPR up or down cannot change the rate.. need to give the rate printed on the slip

This post has been edited by nexona88: Jun 4 2015, 12:58 PM