Effective rates (the actual rates) that you will get is only 4.075% p.a for 4 months.

What brand it is? How much is the atm card?

What's the brand?

There's nothing written underneath the sport bracelet?

If ocbc yes. If ambank no.

Yeah need to open account. Most >12 months FD needs a SA. Recommend you to open ambank Truesavers and have the interest credited into Ambank Truesavers. If you are >50 years old, they will give you monthly interest. If you are <50 years old, interest is given every 6 months.

By using Truesavers with the 4.6% FD, your final effective rates will be > 4.6% as compounding interest is at work. Truesavers gives you 2.8% regardless how much you have inside the account. No need for min. monthly deposit

This post has been edited by Ramjade: Nov 12 2015, 12:33 PM

Cannot beat Cimb 4.3% or ocbc 4.5%

ASM. No need to keep chasing FD promos.
Ambank Islamic efd for 1 month cause money only rm1k. My FD days are over. Now if only they got promo for rm1k one month promo

So many people. But keep in mind returns and principal are not guaranteed.

Nothing will happen as maybank is putting it's name on the chopping block should something happen to the fund.

Nothing will happen. If something were to happen, maybank tak ada nama and no more confidence.

This post has been edited by Ramjade: Nov 12 2015, 04:24 PM

Sadly yes. Maybank GIA-I, princiapal and returns not guaranteed. If it trouble you, just remove the money and dump into OCBC 4.5% (PIDM protected)

Surprisingly affin bank used to THE BANK to beat. Now their promo not competitive at all.

If you are OK with no pidm, then it's ok. But ocbc is better. 12 months get 4.5%. Mbsb need 18 months.

Yes. But what you said is true. But one can look at this way, after 12 months, you can go for another higher FD promo instead of waiting 6 months for then only remove your money. What happen if after the 12th month, there's a new FD at 4.6%?

Yes. Fresh fund required.

Hi,

Yes and No.The amount you will get is about rm81/month. However for FD, the calculation useS no of days.

(Rm25k x 0.039 x 61)/365
61 days is assuming you are putting this month.

Hope this helps.

Most likely is step up FD which means most likely they give you 4.7% at the last month. Effective rates (the real rates that you are actually getting) will definitely be lesser than 4.7%. The 4.7% is unethical marketing on the bank's part by attempting to "trick" people into believing that the bank is giving 4.7% interest when in actual fact it's not. Search the brouchure for the words "effective rates". That's what you should look for when placing FD.

Still confused? Head over to front page and look at PB FD XTRA Campaign brochure. The concept is the same.

This post has been edited by Ramjade: Nov 18 2015, 09:47 PM

You need to ask your parents to ask the bank about whether it is step-up FD or not. Best is if the bank can produce a brochure and we can help to clear your doubts if you can upload it.

But knowing HLB, they will never give 4.7% (HLB is a Chinaman bank where their FD rates are not competitive at all). The only bank giving 4.7% p.a. is MBSB bank for 5 years.

You can set the online transfer limit yourself. If I am not mistaken, you can set the online limit up to rm30k/day.

Damn. I wish banks would give promo for RM1k for 1 month. Guess RM1k is too small for them to be bothered. I could do with somehing better than 3.15%