Ah Sir, I received my first interest payment of 4.5% FD in my Justone saving account.
Quite surprise I can receive it on time...

Can use IBG to make deposit to smart or esmart savers.
Yes it is a bit troublesome, and always need to keep in mind the best way to use smart savers is to deposit and withdraw
during the first day of the month.


I feel the same way


I just placed a 5 months FD in UOB yesterday



Yes, Captain was talking about UOB last time.
Not necessary to call RM, you can call the person who in charge of FD of the branch to bargain for a better rate.

Yes, the extra 0.05% that I got was on top of the promo rate.


You are a good father..

I think the FD amount must be big lah.., or maybe the UOB Damansara Uptown branch is so generous to offer a better rate..?

No, this UOB FD promo does not require to open a saving account.

This post has been edited by BoomChaCha: Sep 5 2015, 01:43 AM

I placed my less than RM 20K FD for 5 month tenure in UOB yesterday, I got 4.00% rate, no extra 0.05% wor...

Receiving interest earlier than upon maturity can plan ahead to make payments to utility bills and loan payments,
and can plan ahead to place next FD, ; and for Ah Goat Sir, he can plan ahead to buy US$ bank draft, and many more of
financial planning. A good example is BR's 5 year FD with monthly interest.

Yes, the FD deposit must be large enough in amount so can feel the useful and powerful of interest payment

This post has been edited by BoomChaCha: Sep 5 2015, 11:47 AM

Ya loh, interest earned from RM 10K FD is not much..
Usually I will accumulate all small funds in a saving account which offers a good interest rate.

Yes, this is what I have been doing.

Last time when I received monthly interest from my BR FD, I would IBG to my Affin saving account
to earn a better effective rate and at the same time to consolidate all small funds.
Because like what you have mentioned, the monthly interest payment from BR is too small to place FD.

I just opened my Am Bank True saving account couple days ago.
From now on I will use AM Bank True saving account instead of Affin saving to receive BR monthly interest via IBG.

https://forum.lowyat.net/topic/3592170

This post has been edited by BoomChaCha: Sep 5 2015, 12:52 PM

I cannot put all my monies in FD for in case of an emergency.
Especially for an uncle like me who has high blood pressure.

For example, if suddenly I have a heart attack and need to be sent to a hospital,
(we do not want to talk about expensive private hospital lah), let's say if send me to a
government hospital, government hospital will also need me to put some deposit before
I can be admitted to ICU, right..?

So, uncle's situation is different from a young student which is much more tahan lasak like you.

But thanks for sharing about Am Bank 1 month Islamic FD at 3.15%, I will go to check it out
as well as May Bank m2savers. Learning things everyday in this thread..

By the way, when I wanted to open my Am Bank True Saver account 2 days ago, the Am Bank staff
was trying hard to convince me to place 1 month FD rather than to open True Saver account..

I suspect she wanted to hit FD quota..?

But this is July's news..

I think this is the typo error from Ringgit Plus website.
It is supposed to be 0.5% rather than 5%

But please do not forget this news was announced before the big depreciation of Ringgit
since August.

Can you tell me where?
I cannot find it on BSN website..

http://www.mybsn.com.my/content.xhtml?contentId=122

Oh... You are right..
It must have some catch..

I think not that easy to get 5%; otherwise other bank saving accounts will become useless...

Anybody who speaks good bahasa can volunteer to call or visit BSN to check out this..?

Cannot understand this unless we go to check out with BSN....

This post has been edited by BoomChaCha: Sep 6 2015, 12:58 AM

I think you and Vincent9696 are right..

Enjoy 5% bonus interest on the interest

I think it means to add extra 5% bonus interest on the interest, for example,
if put RM 10000 at 2% rate for 1 year, interest is RM 200. Then BSN will give
additional 5% from RM 200, that is RM 10 bonus.. Correct..?

So, RM 200 + RM 10 = RM 210, effective rate is 2.1%

No free lunch in the world lah.. Bro
Let's move back to Am Bank True Saver lah.. Ha ha..

Thanks for sharing

This post has been edited by BoomChaCha: Sep 6 2015, 01:13 AM

I need a saving account to collect and accumulate monthly interest.

Correct...

Oh... This is ridiculous of SCB

You need to check back with your SCB branch as soon as possible, better to talk to RM or Service Manager, or the Branch Manager. You did not complain to your SCB branch?

Mine is Renewal Instructions: 3. But this Renewal Instructions has nothing to do with the half yearly interest payment.
As long as your tenure is longer than 12 months, you will get half yearly interest.
You can see this T&C stated on FD cert.

I placed my 4.5% 15 months in March, and I received my interest just right on time last Friday.

Renewal Instructions: (2) Renew principal at prevailing rate for same term, credit interest to same currency account number --
----> This means upon maturity of 15 months FD, your FD principal will auto renew to a new 15 months FD based on board rate and the last interest payment will credit to your saving account.

Renewal Instructions: (3) Credit principal and interest to account --
----> This means upon maturity of 15 months FD, my FD principal and last interest payment will credit to my saving account.

This post has been edited by BoomChaCha: Sep 6 2015, 11:16 AM

You have to go to your SCB branch to change it.

Better to bring your photostat of FD cert (if you worry to lose the original FD cert) and talk the customer
service in the branch, customer service will fill out a form for you, I think you need to sign the form if I remember
this correctly, then you can pick up your new FD cert with Instruction 3 printed on it in about 1 month later.

You'd better to get the SCB staff phone number who does the work for you, so that you can call him/her
before you go to pick up the cert.

Last time after I filled out my form to request to change from Instruction 1 to Instruction 3, but SCB did not do it
after I waited for 1 month, then I talked to the Service Manager.

After that, I picked up my FD cert with Instruction 3 in 1 more week later.

Most SCB staffs are lazy...

If you do not intend to continue a new FD with board rate, better to change to Instruction 3 for in case of
losing interest.

Now US$ 1 is RM 4.3
Sing$ 1 is RM 3.0

http://www.x-rates.com/calculator/?from=USD&to=MYR&amount=1

Does OPR dare to drop..?

So, there is no way to drop OPR since many bad news lately, especially during the
3 days meeting of International Anti Corruption...

It looks like Ringgit value to against US$ will go further down this week...

Nepal worker of NSK also complained & frustrated. Last time RM 1 can exchange to Nepal currency 30 or 31,
now RM 1 can only exchange to Nepal currency 24...
But he cannot do anything since he cannot go to any where else.

This post has been edited by BoomChaCha: Sep 7 2015, 11:00 AM

Checked with a CIMB senior staff about this 4% for 3 months deal yesterday,
she said this is for Preferred Customer only, regular customer cannot get it.

Let's see this Friday..

This post has been edited by BoomChaCha: Sep 9 2015, 11:59 AM

If can increase 0.25%, it is better than nothing.
At least this will create a domino effect to stimulate banks to offer
more attractive FD promos.

Passed by Bank Rakyat, and noticed a 4.5% banner..


Quite interesting, then I walked in to check it out..

BR staff (with a friendly face...): Halo Uncle
Me: Dato, apa promoi dalam banner yang gantung di luar..?
BR staff (smiled...): Ya.. ini lah, Uncle boleh ambil satu
Me: Oh.. Lima Tahun FD..?



This post has been edited by BoomChaCha: Sep 9 2015, 01:03 PM

Ya loh..
This was the first time I saw 4.5% banner from BR, I was not sure what it was..

This post has been edited by BoomChaCha: Sep 9 2015, 01:11 PM

Expect only....too early to say bad news, we still have at least 10% of chance
Let's wait for the official news tomorrow

Today I have placed 5 months FD at 4.00% with UOB.
Banker's check combined with few thousands cash, no problem as usual.

When asked about 4.25% for 1 year, teller said no such thing.
Only 4.2% for 1 year tenure is available according to her.

Yes, all banks can give banker's check (including UOB) when FDs become mature, except bank rakyat
which offers IBG only.

If I remember this correctly, last time I got the UOB banker's check for free when put the name(s) on banker's check
as the same name(s) as FD cert, but that time was before the implementation of RM 0.50 check processing fee and GST.

For example, if John & Mary are joint-name on the FD cert, if you put John & Mary as beneficiary on the banker's check.
you will get the banker's check for free.

But not sure if UOB is still using this same policy or not..?

This post has been edited by BoomChaCha: Sep 10 2015, 10:17 PM

I agree.
If know how to make good use of money, the rich get richer..

Does this promo require participants to be new customers baru eligible..??

This post has been edited by BoomChaCha: Sep 11 2015, 09:37 PM