In my personal opinion, I try as much as possible to avoid Hong Leong & Public Bank as they seem like a Chinaman bank to me

EPF, EPF...

RM60k self contribution looks good if you use a cheque but it takes 7 working days to "clear"...

If cash payment is made over the counter, there's a RM5K daily limit but the "clearance" is the next working day; similarly for maybank2u.

I wonder if the RM5K cash daily limit can be sidestepped by paying RM5K cash OTC, RM5K through cimbclicks, another RM5K through maybank2u, another RM5K through citibank... on the same day... 

Serious? thats high, can be done thru online banking? or must walk in counter in order to get 4% interest?

Just saw a flyer from BR. 61 mth FD 4.55% (60 mth FD 4.5%). With high amt, can try to nego with them.

While the 2 yrs FD 4.4% looks attractive but as reported by The Guy, no monthly interest. 

got. got pipu doing that. just a matter of how many. ha ha 

Btw, hv u all noticed a trend with new buildings? I was at Menara Hap Seng few mths back & the security/reception ask for my IC which i gave, maybe they just want to copy some details. But no! Bloody hell they put into reader & copy all the embedded info into their freaking security system. i looked at the screen - even my photo & fingerprint also copied. WTF!!! BR HQ also the same... but this time I refused to give. Know what they did? The asked me to smile at their camera... chik chak my mugshot into their hard disk. LOL another wtf moment

what does RM stand for in above threads ?

feeling curious, i went to CIMB Thai site and ended up with:
CIMB Thai

I often read about these two phases below:

Banks that pay interest for non-working days
Banks that do not pay interest for non-working days

but I don't understand what impact does it have on our FD.

Can you help?

Thank you.

BNM maintained OPR at 3.25%:

http://www.bnm.gov.my/index.php?ch=en_pres...ac=3163&lang=en

At the current level of the OPR, the stance of monetary policy remains accommodative and supportive of economic activity.

I got a fren went to place FD in taman connaught bank..

End up placing 10k fd, and get a police saman worth rm 100 as a package as well

My mom went to BR and was able to do banker's cheque for funds from savings account. She asked whether is it possible to have banker's cheque for FD upliftment and the answer is yes. Hope my branch continue this way 

Melaka main branch. Yeah, i already told my mom no more banker's cheque but she said will ask at the counter and the answer is yes.

Which bank offers the highest 3- and 6- month interest rate now?

Thank you.

To date seems still scb having the best rate at 4.5%

When is the next meeting ar?

1. Maybank2u sets a RM5K limit per transaction, not daily limit, and we can transact 12 times for each RM5K, on the very same day, to achieve the RM60K limit.

2. MBB cheques of more then RM5K can now be made payable to EPF. However a cheque payment to EPF will take 7 working days to "clear".

3. For both cash & m2u deposits, the EPF "clearance" date is the next working/banking day.

4. EPF has set a RM5K daily limit for cash deposited OTC. However the m2u RM5K x 12 times can easily override this!

5. The dividend for any deposit made during the month starts on the very last day of that month, provided the next/7 working days "clearance" is within that month.

Not sure if the below criteria still valid:

http://ehasil.blogspot.com/2009/02/tax-exe...ndividuals.html

vi. Interest which accrues in respect of any fixed deposits account (including negotiable certificates of deposits) of up to RM100,000 for a period not exceeding twelve months withBank Pertanian Malaysia, Bank Kerjasama Rakyat Malaysia Bhg., Bank Simpanan Nasional, Borneo Housing Mortgage Finance Bhd., Malaysia Building Society Bhd., or a Bank of finance company licensed under BAFIA 1989.