Yes, I noticed that. Compared to some other banks, talking about 1.5b or 2.5b !! So next Monday I am going there (Affin), leave some for me, guys !

My thinking is not to place too much short term FD while waiting for the rates to fly. Unless there is OPR review soon. We may lose out on the interest with eggs in short term nominal rates (esp 1 month FD). Unless we go for say 3 mth or 6 mth higher promo rates.

This post has been edited by bbgoat: Nov 24 2015, 09:21 AM

Yes, PIDM covered. Distance is another factor to consider.

How do you find the dessert, still not up to your standard ?

Do you mean placing efd online ? For OCBC online I think it is under the right hand side "Open New Account", then "Place New FD". The wording may not be exact but it is on the menu on the most right hand side, I think.

Ah SiAnG to avoid confusion to newcomers to this thread, which has happened several times, it is better to make the below headline clearer:

Banks that do not pay interest for non-working days

suggest to add: (after FD maturity date eg Sat/Sunday, public holidays)

You have been hiding somewhere doing BIG magics !

This post has been edited by bbgoat: Nov 25 2015, 10:47 AM

Not true. Since some time, years ago, no more tax on FD interest. Nowadays, bank also do not split FD to <100k unless you asked them to do so.

This post has been edited by bbgoat: Nov 25 2015, 01:45 PM

Just received a call from CB KL on their TD (Time Deposit) promo:

3 mth at 4%, min 50k until end of the year. Pure FD.

First time for years that CB has this type of pure FD promo. But still lose out to say RHB 3 mth 4.2% which I have placed recently !

So even CB looking for short term fund ?

This post has been edited by bbgoat: Nov 25 2015, 03:50 PM

The call just received. Have to enquire in the branch. Not sure if it is offered to Citigold members only.

Have you called the Penang branch ?

My last FD with them is with UT promo. Their rate is one of the lowest, 1 mth 2.95%, 1 year 3.2% !

Just maintained my UT with them for the Citigold status. Their service esp Citiphone is GOOD !

The 3 mth 4% is not bad for short term FD placement.

This post has been edited by bbgoat: Nov 25 2015, 04:50 PM

Did they say what is the free gift ?

I called Penang OCBC PB centre (my RM out on vacation). One of the leng lui at the counter that I know (hehe, gsc don't set your std too high ) asked me, "what egg" ?

So this is not nation wide OCBC promo. KL/Klang valley only ?

The 12 mth FD 4.5% promo is until end of Dec, by the way.

This post has been edited by bbgoat: Nov 26 2015, 11:23 AM

You are a tough customer to please. OCBC info pass around not that good. But I forgive the leng lui RM last time, also blur blur on the FD promo.

Why not you try to ask if the "egg" is for new PB customer ? Or given up on OCBC already ?

Still pursuing on the eFD thingy ? Did you try the FD online account as I mentioned yesterday ?

For current CIMB Unfixed FD I got 12 mth 4.35%. The Islamic one they paid monthly interest. Conventional one no monthly interest. So one has to specify during placing to go for the Islamic FD. The CIMB RM also did not know about this until I asked !

I did see their T & C. But it is for conventional only. Not for Islamic FD. Anyway I placed the Islamic FD on 3rd Nov. I cancelled the CIMB conventional FD placed on 2nd Nov (which did not pay monthly interest) 3 days later and moved to OCBC for 4.5% interest. So next week can confirm if I received the interest.

This post has been edited by bbgoat: Nov 29 2015, 06:56 PM

Please see CIMB Unfixed FD T & C, clause 7, 8 & 13

http://www.cimbbank.com.my/content/dam/cim...osit-Q4-TnC.pdf

It is for conventional FD. There is Islamic one also which they told me pay monthly interest.

This post has been edited by bbgoat: Nov 29 2015, 07:04 PM

Good, thanks !

Looks like I missed out on the "Fixed Return Income Account-i (FRIA-i) – Why Wait" !! The CIMB RM did not explain this to me.

Should have collected the profits at that time ! Last year MBB also has this profit paid upfront, I then used it to put in another FD ! The same can be done for this CIMB's promo. Well, it is over already.

So now you benefit from no need to WAIT !! Before that you are non-believer on monthly interest !

By the way, while we are here still talking about FD interest, our captain GenX is collecting spirits, GenX Spirits !

https://creditcardsmalaysia.wordpress.com/2...g-genx-spirits/

This post has been edited by bbgoat: Nov 30 2015, 10:09 AM

Today went to Affin to place 15 mth 4.6% FD. It is a conventional one. Interest payment at maturity.

This is not a normal FD, it is a GIA-i acct. Monthly pay out can be added to principle and roll to next mth. So the example showned by the forumer is correct. I got this product. For me I did not know of this feature and is paid monthly without touching the principle sum.

CB sold me a bond fund 4 yrs ago with payout of 5%. Now they sent me a letter with explanation that it cannot hit that 5%. Just average 3.8% !! Minus my initial SC paid, will be even lower return !! Reasons bla bla bla !

Anyway FD effective 5.5% at this stage will be SUPER DUPER, unlikely except in step-up !

For me, I would verify info if not clear before sharing here.

This post has been edited by bbgoat: Dec 1 2015, 09:03 AM

If it is true, I will terminate some of my FD and move over ! Hahaha !

Have asked but no gift even for a big sum placed.

I have "lost" twice recently with RHB on the Sat/Sun interest. This coming Jan 1 will have even a 6 figure one FD. That one cannot rugi for the 3 days interest. Must take some action. Thanks for the tipsie.

I placed for the CIMB Unfixed FD (got 4.35% after asking) on a Monday. Then the next day during placing another FD found out the Islamic one pay monthly interest. So placed for the Islamic one.

But found out few days ago, even have "Why Wait" option !!! That means can pay immediately the interest !!!

http://www.cimbislamic.com.my/en/personal/...t-accounts.html

The CIMB RM did not know about all the options ! Now I ended got the monthly interest option, better than the conventional one but would have preferred the "No Waiting" interest. Then can place another FD immediately. Same as MBB last year's promo.

This post has been edited by bbgoat: Dec 2 2015, 08:54 AM