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 Fixed Deposit Rates In Malaysia V. No.9, Please Read Post#1 and #3

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joeaverage
post Jun 17 2015, 04:17 PM

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For the Affin promo (4.33% - 15months) - must open a savings account?
joeaverage
post Jun 19 2015, 02:15 PM

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can someone explain in greater detail what does fresh fund typically mean? lets say i have 2 bank accounts - mbb and uob. i do an online transfer of $ from mbb to uob and get uob to issue me a banker's cheque and which i go present to mbb. all this done in a span of 3 days. will mbb consider it as fresh fund or certain amount of time needs to lapse first? if so, how long usually?

does it make a difference if instead of banker's cheque - i re-transfer online to maybank after a week from uob. and then go to counter to use it as fresh fund for fd placement. would this also work?

thanks!
joeaverage
post Jun 23 2015, 09:51 AM

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The personnel at UOB says that FD upliftment can be done at any branch - which is great and convenient.

Does anyone else know if other banks practice the same thing.. particularly Affin, OCBC and PB since I think these have better FD promo rates.

Thanks!
joeaverage
post Jul 3 2015, 02:03 PM

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QUOTE(Gen-X @ Jul 3 2015, 01:50 PM)
Last few days I was occupied with Maybank's credit card benefits. Today I did go find out what are the Fixed Deposit Promotions being offered by the banks and I'm sad to report that mostly are bundled with Unit Trust (which I won't be bothered to bring to your attention).

I just updated my Fixed Deposit Page and there are not many promos to highlight!

http://generationsxyz.blogspot.com/p/fixed-deposit.html

If you are a HLB PB customer, call your RM as it seems there 12 months step-up FD has been extended.

UOB no longer offers 12 months but 10 months FD Promo!

OCBC on the other hand is still offering up 4.2% for 12 months but with their CMGIA-i.

And to my surprise, Maybank's 5+5 Months Step Up is still available today.

I won't be surprise if UOB revise their Merdeka FD Promos in a week or 2 to include 12 months at 4.2% to be competitive with OCBC.

OT - If you hold a Maybankard 2 Cards, Maybank Visa Signature or Maybank 2 Cards Premier, click here to my Recommendation of Credit Cards 2015 and read my comments.
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Noticed the Affin FD Promo for 4.33% [15 months] not mentioned. Is this no longer available?
joeaverage
post Jul 6 2015, 02:45 PM

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QUOTE(cklimm @ Jul 3 2015, 04:57 PM)
bring 30k, they will open an Advance account for you, you can close it after 3 months
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Any fee or such if close after 3 months? They make you get a ATM Debit card?

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