Yes complaining to HQ will be better. The branch manager may try to cover it up as the issue affect his branch's standing in HQ and maybe even his performance.

CIMB Investment Bundle Campaign
Campaign period: 2 February to 30 April 2015

Enjoy promotional Fixed Deposit rates when you bundle a conventional Fixed Deposit with any participating conventional Equity Unit Trust fund.




*Minimum placement of RM20,000 to be equally divided between a conventional Fixed Deposit and conventional Equity Unit Trust fund.

More Info: CIMB | T&Cs (EN) | T&Cs (BM)

with the 3% sales charges, you wont earn much with the 6.88% FD

I am looking at placing some bullets with CIMB UNFIXED FD. Both 3 mths 4% (FRIA-i ) & 12 mth 4.2%. It is shown for UNFIXED there are 3 types of FD. Anyone has placed FD for the UNFIXED ?

Read their T & C. There is even one paying monthly interest. Have been withdrawing FD from CIMB for some time. Now this promotion looks attractive !

This post has been edited by bbgoat: Feb 28 2015, 12:25 PM

Just a note, it requires fresh funds.. what is the best way you guys do to get fresh funds in?

Normally I would use personal/banker's cheque. Some people use cash, IBG to the bank etc.

I have previously opened a UOB joint FD account with my sister (meaning our details are registered in their system) and have since uplifted it. If I want to place a new joint FD account under the same name, will our details still be in their system or we need to re-register?

UOB told me that once no more FD in the acct, within 6 mths acct still valid. More than that they may close the FD acct and have to open new one. You can check with them and see.

^noted, thanks

From SCB online portal, this are the details for one of the FD placed during the 4.25%, 18 months promo:

Principal Amount: 20,000.00
Principal + Interest: 21,273.27

This amount is RM15.18 less than what being calculated by online FD calculator tool, 21288.45.

Any idea why? Due to different number of days in a month?

Also,
Does it mean that current SCB customers (NOT New to Bank Customers) are not eligible for the Conventional 15 months 4.5% promotion?


This post has been edited by Human Nature: Feb 28 2015, 04:02 PM

Hmmm...reading posts from last few pages, I realised something:-

1) my BR branch either got no budget for chicken essence,etc of someone kong lou the gifts.
I did ask them evertime i renew/put new FD..got nothing except for the 1st time only.

The %$# Am branch i went to din give me the 0.05% coz they say they are not de priority branch. And i kenot cancel the FD as they have alrdy printed them.. Too tired to argue with them back then.

When i go withdraw the other day, they show me promo ask me not to withdraw, i tell them i no have fresh fund. they say nvm can kautim.. i said i don like to buta loose the extra 0.05% cus becoz they r not priority branch.And I m not prepared to go to their priority branch which is like in Timbuktu.

Then they tell me must pay for Rentas or CO. And the most ridiculous was must pay RM5 if i wan to take cash.
I really lost it at the RM5 thingy...I told them i will check with BN if this is true. In the end, i din have to pay anything after i make a lot of bising bising.



I got the 9 months promo rate altho m exisitng customer. They also quoted me the 15 months 4.5% rate.

This post has been edited by ??!!: Feb 28 2015, 04:42 PM

Sharing some rates for you guys, since I'm staying in Thailand (thankfully, my FDs are in Malaysia, and not Thai).

https://www.bot.or.th/english/statistics/fi...te/IN_Rate.aspx

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



Attached thumbnail(s)

Interest rates, fee rates and conditions are subject to the Bank's announcement

Of course, it is up to the banks how much interest they want to give, but the link I gave was the rate that their central bank (Bank of Thailand - kinda like Bank Negara in Malaysia) are fixing for all the banks.

Minimum FD rate, so to say. And if you're not a Thai citizen, that's all you're gonna be getting.

Edit - CIMB Thai website also says you'd need a valid Thai ID card - foreigners won't be able to apply for that. So when compared like-to-like, in Malaysia, MY citizens gets special promotion >4% for FD, but Thai citizen only gets 3.25% (which is our standard FD rate)

This post has been edited by xeda: Feb 28 2015, 08:26 PM

Attached thumbnail(s)

For SCB Conventional FD promo, existing customer can also enjoy it. But for Islamic FD, existing customer need to get approval. But most people would go for the conventional one as for Islamic one cheque need to be cleared first. So we lose 2 or 3 days interest.

malaysia FD rate better

For comparison, bank in Myanmar is offering about 6-8% rate on Normal Account.

The higher the interest rate, the lower the value of the currency.

you may earn that rate, but after the spread and forex cost of round trip, you might get much lower than expectations, unless you don't intend to convert back to ringgit, such for migration case are more worthwhile to do so.

Have you pick up Myanmar language yet?

Yes, Ah Sir, I will complain to customercare@ambankgroup.com

By the way, I just called UOB help-line, UOB has extended the FD promo until 6th March 2015:
(1) 3 Months at 3.95% (was 3.90%)
(2) 6 Months at 4.00%
(3) 12 Months at 4.2%

Min fresh fund RM 10K, max RM 5 million