Conventional

I think we can ask the bank what is the policy of fresh fund definition. I went to a bank and the front counter staff said need fresh fund for promo FD rate. I told him why dont you check with your superior sitting at the back. His boss said okay, the money in my saving account can be considered as fresh fund.

By using cheque, it cost about Rm5/cheque. Why pay Rm5 if RM0.50 for ibft can do the job?

seems like a promo rate until 31 December 2015. read here

furthermore, you only need to deposit RM50 each month to "activate" the 4.00% p.a. rate, unlike traditional smartsavers which need RM1k to activate 3.05% p.a. rate

note: This account has a maximum withdrawal limit of RM25k per calendar year and no limit on deposits. Please visit any OCBC branch to remove this withdrawal restriction (to have unlimited transaction limit).

The Affin's Promo not mentioned by me does not mean it is no longer being offered. Most of the time I only mention straight forward FD promos up to 12 months unless the offer is super fantastic. You will also note I don't promote MBSB promos. I also don't promote Affin's FD most of the time too... you go read the terms and conditions again and double check when the interest is paid, i.e. semi-annually for at maturity.

Magic, I just placed FD with UOB 2 days ago, but UOB did not ask me to open CASA wor... 

By the way.. US$ was 3.93 at 11.50am, now 3.908..very volatile..oh now 3.914..

Is affin FD require to open SA?

Need fresh fund?