You need to count against the board rate, aka how many "extra" interest earned, not the total FD interest.
100K 6.98% vs board rate 3.25% is extra RM640, as without need to invest in UT, you still easily can get 3.25% 2 months FD out there.

You get extra Rm640 by going into the deal, while incurred front charge of 1.5K (if it is 3%).

I never said it is a waterfish deal, it is a good deal is one original wanted to buy the UT in the first place.

But if one never interest in UT, and solely want the higher FD rate, then it is a different story.

I thought I have seen before in this thread mentioning grandparents can place  Junior FD. Last Dec I went to HL and the counter staff said no. Ended up get my daughter to sign up Junior FD for my granddaughter. I am still interested in the 4.28% with monthly interest credited. 

Yea u are right..

good for those with priority on investing in UT first.. then FD is a bonus.

else might not suit the objective

Bones cashing out from KLSE and moving to FD/UT ar? 

i discovered that Premier Mudharabah Account-i gives 3.15% pa, FD rate for balance more than 50k,
can anyone tell me that the interest is for the full 50k balance or only the amount above 50k?
SOS

Ambank 4.1% pa need to open casa or need to keep % of FD in casa like affin?

gen-x wow, didn't realise conditions are same as 2008! few thoughts come to mind reading your post...

klse started decline in dec 2007 from 1440s all the way down to 860s before starting its rise in iirc jan 2009. I suspect the low fd rates probly motivated locals to buy into the market then? Of some significance, I think looking back, that was also when the US started its QE program. I think read somewhere they have officially ended QE and the Fed chairwoman talk about possibility of upping interest rates later this year? Salvador Dali on BFM radio show mentioned the real KLSE market ie ex-index stocks probly lost 50-60% already, index stocks GLC "cornered" ... will MBB ever go down?

But locally, petrol prices also go down upon free-floating, property market losing steam, looks like BNM got no motivation to raise interest rates

hahaha I so confused ... lock in 3 years or not? If lock in, and KLSE reveals opportunities, premature w/drawal & forego interest earned? If don't lock in, and KLSE languishes neither here nor there, & interest rates get slashed like in 2008/9?

helppp 

hey guys i've been keeping my FD with PB for quite some years cant really rmb whats the rate, would like to ask, what does the following statement refers to? do i need to check with them? how is it possible for me to check whether interest is paid to my account?

"Bank that non-voluntary credit interest unless appeal
Public Bank (Need to complain to BNM then only pay interest)"

and also seems like ambank is having a very attractive rate for FD, is it wise to change over? ( i do not have any accounts with ambank at the moment)

Guys, do you need to open a PLUS Saving Account with PBB for PB Step Up FD or a Basic Saving Account will suffice?

I think the Step-up FD comes in handy for your situation cos it gives reasonably high interest plus u can cash out during the rollover to take opportunity of the stockmarket downturn without forgoing all the interest earned. I am in this situation and considering those Step up FD from PBB.
Yes condition now similar to 2008, except in US interest then was going downwards but now interest should be moving upwards.

I think the Step-up FD comes in handy for your situation cos it gives reasonably high interest plus u can cash out during the rollover to take opportunity of the stockmarket downturn without forgoing all the interest earned. I am in this situation and considering those Step up FD from PBB.

Bro, whenever you do post, I learn something from you 

Yeah, you are right about PBB Step Up. I think MBB step up promos also same but their initial month(s) interest rates kind of low.

However, there is also a risk of getting lower interest rate in the case of PBB Step Up where it did mentioned in T&C that future rates are dependent on BLR (now is BR effective 1st January).

Anyway, with USD strengthening, gold price in terms of RM has increased 1% since 2nd Jan.

For now, AmBank 3 yrs 4.5% with monthly interest is even better ? 

Brw.. i think around march will see opr hike again

Let's see

Yeah, you are right about PBB Step Up. I think MBB step up promos also same but their initial month(s) interest rates kind of low.

However, there is also a risk of getting lower interest rate in the case of PBB Step Up where it did mentioned in T&C that future rates are dependent on BLR (now is BR effective 1st January).

Anyway, with USD strengthening, gold price in terms of RM has increased 1% since 2nd Jan.

Ah Goat Sir, monthly interest is for 50 years old and above.. 

RHB branch manager also said the same thing..