i have 1 copy from banker
forget add  fd 1-2 mth  3.7%
[attachmentid=5202485]

No. What it meant is if your FD maturity date fall on Saturday, you will lose 3 days interest (sat*, sun, mon).

*not sure you will be given interest for Sat or not. If yes, then you only lose 2 days interest.

No. What it meant is if your FD maturity date fall on Saturday, you will lose 3 days interest (sat*, sun, mon).

*not sure you will be given interest for Sat or not. If yes, then you only lose 2 days interest.

Banks open on Monday?

Banks that do not pay interest for non-working days
Am Bank
RHB
Standard & Chartered Bank

Is this means bank won't pay interest for Sat/ Sun/ public holiday?
So basically 1 month will lesser 8 to 10 days interest (sat & sun).
Effective interest for 1 year will be way way low compare to other bank that pay interest for non-working days.

Is my statement correct?

You won't get promo rates after your FD matured right? And is only 1 day (Monday), will they give board rates for that 1 day?

Cause Eg, if it matures in Friday, you still get the promo rates on Friday. What about rates on Monday if it were to matured on Saturday? Promo rates or board rates?

ok assuming I don't uplift, the next cycle starts Saturday immediately (board rate)?

4.25% for 6 months just launched? Or late in releasing by the bank, just like HLB late release of  15 months step up

Their 6 mths with 20" bag looks attractive as compared to the 4.2% offered by UOB and OCBC. But UOB not sure 4.2% still avail. by Monday. 

It depends on the individual. For me, have spread out to 1 mth, 1/2/3/5 yrs FD. Now going for the 6 mths FD. Instead of putting in with OCBC/UOB, move some more funds to AmBank to get 4.25 and one bag !

CIMB 4.3% as reported is good. But some how questions posted by other forumers not yet answered. If valid, I will also go for the 4.3% ! 

How can you go to bank and place for promo FDs on Sunday? Banks are close unless you are located in Kelantan, Terengganu and those states. And I don't think one can get promo rates online.

Didnt expect ambank to be so canggih. Open on certain weekends.

Can share which branch?

Those branches in Klang Valley is not open on Sun

Doing FD Musical Chair today (also tomorrow).

In UOB Penang Kelawai Rd branch. Went to the PB centre. So bypass the normal customer service counter which have to go to first before going to their counters for various transaction. gsc has reported this a short while ago. Which is kind of troublesome as a person has to go to 2 counters.

So UOB Penang PB counter solved this issue.  Got BC for RM0.68 each, taken 2 BC from them.

Quite a number of uncles and aunties up there in the first floor. While waiting, the PB service desk received calls like non stop asking about the latest FD rate. UOB 12 mth rate up to 4.25% until end Dec. (will attach the flyer later).

Met with my RM and got stuck for minutes. 

Went to CIMB to place FD. Before I went, already called to enquire about the rates. For 100k, said 4.2%. Said people getting higher, then the lady asked for amount. Later said can get 4.3% for 12 mths. When I was there asked for even higher rate, the RM said 4.2% to 4.3% can get immediate approval. For higher rate need HQ approval. She will call me later to confirm.

Process in CIMB is super fast. Few minutes only. Already have acct in another CIMB branch. This branch said no need to open another acct as can use the other acct.  Previously was CIMB PB but cancelled it as they wanted to charge if AUM <250k. Today signed up again and get 2 gifts. 

End of Part 1.   

Officially CIMB 12 mth is 4.2%. Getting to 4.3% probably need to ask. To 4.35% need approval from HQ. Did not ask or get flyer. Tomorrow will likely place another one (4.35%) there, already talk to the RM this evening. The 4.35% need some higher amount of principal. Will see if there is official flyer but likely to show 4.2% 12 mths. 

Uncle, student or HNWS, whatever ! 

I think your thinking is too simplistic : Don't give free money to the banks !

Why humans are different ? A lot of individuality in us ! There are even people having FD's in CB which gives board rates and staying happily as their PB, uncles and aunties.

Some of the forummers have gave their opinions on this topic, learn from it !

You can shout about your slogan, but others may do differently ! 

some kiddo thinking just like small kids, grow up!  

I actually added 2 more sentences in my earlier post, you may have missed it:
Why humans are different ? A lot of individuality in us ! There are even people having FD's in CB which gives board rates and staying happily as their PB, uncles and aunties. Different reasons that people use a particular bank. Don't second guess if I will stay with HL if they offer me 4.35%.    You are NOT me !     

"maximize the interest earned from your fixed deposit?" sound more mature and more grown up !

Ah SiAnG - I updated my Fixed Deposit Page at my blog yesterday and just to share with all (what is not covered in your fantastic systematic easy to read Post#1&2):

1) A reader of mine message me at Facebook that Maybank is having 2 moths FD Promo - 1st Month 3.8% and 2nd Month 4% and minimum Fresh Fund over the counter RM25K. I called my Maybank RM to reconfirm and she further confirm that the promo valid until end of Nov 2015.

2) Affin back is willing to offer me 4.2% for 12 months for my soon to be maturing FD with them.  Therefore I no need go waste time transferring the funds here and there. Those of you who are new to this thread or my blog, many people including myself have always advised those who want higher interest rates to go talk to the Branch/Service/Operation/Relationship Manager.

3) As for UOB, once again if you are new to this thread and my blog, UOB have this thing called "Retention FD rates" where they will offer you slightly lower interest rates compared to their current FD Promo. Therefore, also saves one the time to transfer money here and there. However, in order to be eligible for the "Retention Rates" - make sure you talk to your RM before the FD matures and not after and ask him/her to backdate. This ""Retention FD rates" is good for me as I can give my RM instructions to renew my maturing FD before I fly off.

4) My Maybank RM really good, no need Fresh Fund to enjoy Promo FD rates, she will allow me to "roll over" my maturing Promo FD on the spot into their latest FD Promo    

2) Boss, why 4.2% 12 months in Affin when you can get 4.5% for 12 months in Ambank?