Hi all seniors here, I'm new here, I have some doubts regarding the HSBC bank's 5% 3 month time deposit 

how to calculate this? like say i put the money in for 3 months, then uplift it after maturity date (3 months), how much interest do i get? since interest rate written is 5% per annum, doesnt it means need 12 months?

if say for example i put rm10,000 for 3 months and uplift it after 3 months
would i get interest rate of 10000x5%=rm500? or would it be lower?
another question is that, is it worth the hassle, or should I just deposit into SCB 4.25% 9 months?
and I would also like to know whether bank FD rates changes? does it affect people who had locked in their respective FD's? (meaning after i subscribed to 12 months FD @ 4% pa, would i be affected on lets say 2016 or 2017 if that time FD rates drop to like 3%pa? or would my rate still remain at 4%pa?
sorry for asking so many questions, I'm new at all these

thanks in advance!

Thanks for your clarification!

may I ask something more? Should I put into FD or unit trust?

Hello to all sifus here,

Today I found out my MBB conventional FD deposited via M2U interested rate were changed.

Jan and Feb 2015 I roughly get ~3.15% p.a interest which matched the advertised rate at MBB page. 

Due to I credit out the interest monthly, this month I found MBB only give ~2.89% p.a. interest, there is different of 0.26%, is M2U FD interest fix or floating? Interest earned are subjected to GST? 

Thanks for the answer.

seems like public bank really like rolling game

12M effective rate 4.21%
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Hi guys and FD sifus.

I applied for Maybank 2 Cards Premier and today they told me my application is being conditionally approved with the limit of RM30k against FD RM30k. Is this a normal procedure?

What is the advantages and disadvantages of this deal?

Thanks for the reply. I did submit proof of income, but I think it was due to being a freelancer the bank not really confident if I can maintain my income months to months.

Anyway, didn't really see the downside of this deal so will visit Maybank branch to open a FD.

Is there any tips that I need to be aware of when opening a FD account?

Thank you.

Hi all..

Can someone help clarify the steps to move funds for FD. For e.g. if I have RM50k in Maybank and want to open an FD with OCBC, I understand that I can use Rentas or Giro. But how does the account opening at OCBC work? Do I just walk into OCBD and ask to open an FD account with minimum amount and then go to Maybank to transfer (as I have the OCBC FD account number already)? Also, would I need to open a Savings account first with OCBC and then only open the FD account there?

Any information is apprciated. Thanks.

Hi, I've just opened SCB FD @ 4.5% 15 months this morning..
and I was told that in order to open the fd, i would need to deposit rm1.5k, and I did..

now only saw that no need to deposit inside like that, what to do a?

and PRUhorizon (SCB savings plan) is it worth it?

Went to Public Bank this morning to open FD, but was told by a lady there that I can only open if I show them proof that I am staying within the same area as the branch, for example if its Setapak's branch bank, you need to show them you are staying in Setapak (IC or any bills send to your house)!! What kind of rule is this??!!!    

i will be super happy if i have savings in FD that can generate 100k interests

Hi Guys,

i am just wondering how this FD really get calculated... Some rates straight for 12months or 6 months. Some every 4 months.

like below public bank, 1st 4 months 3.98%, 2nd 4 months 4.28% , 3rd 4months 4.38%..
so is this how its calculated.. lets say pump in RM100k ?

1st 4 months 3.98% = 100,000 x 0.0398 = 3980 / 12 months = 331.7 x 4 months = 1326.8
2nd 4 months 4.28% = 100,000 x 0.0428 = 4280 / 12 months = 356.7 x 4 months = 1426.8
3rd 4 months 4.38% = 100,000 x 0.0438 = 4380 / 12 months = 365 x 4 months = 1460

so per annum 1326.8 + 1426.8 + 1460 = 4213.6 ?

if deposit straight for 12 months the rate is lower ? 4.21 % , just earning 4210 per annum ? seems just 3.60 difference with above 4 months rollover ?
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correct me if i am wrong guys,, so which is better straight tenure or rollovers ?

wanna know more about UNfixed deposit by CIMB..

when to CIMb a few time and non of them unable to educate me.. most them like.. i dont know la.. u wait for the PIC to come back 1st..

any one?

haha bro, i am not qualified leh. Whatever that I type here, you can feel free to use. No need give credit also no problem. *congrats on the rolex 


Let me share my experience. It is a long story starting from the the first 4.25% 15m promo. The branch manager insisted that I need to open a Just One account with RM1500 min deposit (which she claimed can be withdrawn the next day). From this thread, I know that there is no mention of specific CASA. I insisted on opening a BSA with RM20 minimum deposit and she relented. It is during this first deposit that my cert was placed under option (1). Partly my mistake for failure to check.

One week later, I went to place under the 18 m promo and since I already have the BSA, I just tied it there. Thanks to this thread, I corrected the manager about the RM1500 Just One requirement but she said I am wrong. Okay, no problem coz I got my BSA already.

2 weeks later, I went again for the same 18 m promo but this time I want to open a joint account so I cannot use my BSA. The branch manager told me that she will contact HQ to ask about it. She went into her room and did not come out for 10-15 mins. The officer who is opening my account felt embarrassed and told me the truth, actually no need but they want sales. Okay, so I went to the manager's office and she said she already called HQ but need RM1500. I said okay, I will verify myself with HQ and she said go ahead. So I opened a joint BSA account but since it was already too late, I have to collect the cert on the next day. I was really angry because it means parking fees and petrol. And it means this is the third time she is trying to deceive me.

Upon reaching home, I email to their general customer service asking whether Just One requires any deposit and the answer is no. Having dealt with Bank Negara many times on credit card matters, I know I have a case. So I forwarded that reply from the bank to Bank Negara and detailed my experience. I asked what is BNM position regarding deceiving customers for sales and asked to be compensated.

So someone from the bank HQ called me and she asked what I want for compensation. So I just give her an amount (actually it was a small amount coz I only considered the parking fee, petrol and BSA rm20 deposit) and she said will get management approval. Later on, she called back saying that the management only approved for the parking fee and petrol. In that case, I said I want the compensation to include my time wasted on this issue. I told her what I am getting paid per hour and give her a new total figure. She said will check with management. Of course the management did not agree and offer me the initial amount. I am not trying to make a profit but just to set an example, so I accepted it. I am not going to collect from the branch, so they send two officers to deliver it to me.

Just one month ago, I went to place a new FD and the branch manager already recognize my face and name. I am just a normal customer, no PB

The idea here is that, they (the complaint department) already know that I have past history of complaining to Bank Negara. So when I did not receive the interest this time, I just need to email to the regular customer service department. The bank manager contacted me and tried to explain that I am under option (1) but luckily from here, I know that those under option (2) and (3) are affected. So I managed to get the first cert to be changed to option (2) and that there will be no problem with my other certs.

Top Cat just mentioned that Alliance Bank offers 4.2% with monthly interest, and gift.

Yes, UOB stopped 4.25%.

Since most FD promos just expired end of March; I think more new FD promo will come out soon..

Went to RHB thinking of placing for 12 mth 4.21%. Ended up going for 6 mth 7.8%. Hehe. 

However ................

This is bundled with ASNB funds, 50/50. So it is good for those kaki having interest in ASNB & FD. Some guys are into it. He he. 

New to FD.
Thinking in putting funds into FD.
Which bank has the best rate for RM50k for 6 or 12 months?

I think they're using your FD money to buy the plastic resin.. something about saving the environment thingy.. I've read it somewhere    if u want the plastic resin, they would deliver to u