Hey guys, I am a newbie in this section. Let's say I got around 400k, and I want to put in FD, which bank you all recommend should I put ?? Or I should split it into half and put 2 separate bank ?? TQ for your opinion and suggestion.

Wow, I din know about that. Sry may I ask is PIDM important ? I only hear it from radio it's some kind of insurance from government right ? That in case anything they will reimburse u the amount ?

So which bank currently gives the best deal and free gift ? I doesn't want the money float in my current account now with no interest .... TQ once again .

I read post 1 adi, and I am still clueless to be honest. Do u mind shed me some light ? From post 1 the highest rate is HLB but then limited to 30k only and I saw Bank rakyat also gives good rate but unsure how safe it is since it's not PIDM member and the monthly payment thing how it goes. Since my amount is around 400k+ so I am here seeking more advice which 2 bank should I split and put my FD in since one of the forumer quoted only 250k cover for PIDM .

TQ and ur advice is much appreciated. I did search thru the first page for info at first and I am not waiting for spoon feed.

No worry, cash is clean and genuine. I am a good tax compliance payer

TQ, will go and get more info regarding this 3 bank.

Yes, been floating quite awhile already since I have been busy this few month. Yup, calculated my cash flow needs already. OCBC sounds good, is this rate can get by anyone walk in to the bank , or need nego with officer ?

This is what I wanna ask , so only OCBC got free gift ?

Thanks again for all the advice and suggestion,

Hey guys, I went thru RHB and Affin Bank website today and i cant seems to find the FD rate which 4%++ as recommended by all sifu here. It shows only 3.5%++ maximum. Shall I visit the bank itself to acquire the latest interest rate? Or the website given rate is the official one?

tomorrow i am going Affin Bank to place my FD around 200k. Hope i can get the rate u given. Is there anything free gift i can request? Any term and condition i need to fulfill for that kinda interest rate? TQ

This post has been edited by jonathanchee315: Aug 4 2015, 01:31 AM

The CASA account got term and condition apply ? Like need to deposit a certain minimum amount into the account ? Or just need to open a CASA account that's all to eligible for the 4.21% 15 month step out FD?

Went to 3 bank yesterday to place my FD. Taken PB bank 4.175% 6+6 promo and maybank 3+3+3 FD promo and also Ambank 9 months 4.1% promo. Din went for Affin bank as its kinda far for me

I got similar amount of money to place FD like u last week. I split it into 3 bank to be safe.

Maybank 3+3+3 promo FD
PB 6+6 Promo FD
Ambank 9 month FD promo.

All the rate hovering around 4.0-4.1%

hope it helps