not sure if anyone shared it before.
you can compare all the FD rates of all banks according to tenures in one website @ imoney.com.my

Maybank GIA-i Campaign fully occupied today.

Transfer in from another bank is consider fresh fund.
So you moved your fund from Bank A by TT, cheque, instant transfer, or IBG to another bank B, and then back to bank A by any mean of transfer, the said fund should be consider fresh fund to bank A.

Have done online instant transfer from OCBC to another bank and then back to OCBC via online instant transfer to open the 4.5% 12 month promotional FD on the same day. No problem.

They compare promo rates as well or only board rates?

promo rate of Maybank and CIMB banks rates are there.
try and see

the bank "so stupid" and did not notice the loopholes?
or they just close one eyes and let it happen, as they are hunger for biz?

but affin 4.6% not shown there.

I don't think it is loopholes... as long as the money is from another bank, bank has no right to question whether it is the same fund that transfer out from the bank... That's ur money, not bank money... If they question u, then u've ur right to complain...

if the bank allow a fund "out and in" to the same account, same amount and in the same day. Then apparently this is the loopholes that bank can do nothing about it.

U mean they have stop receiving monies today?

Did u place any FD with them?

probably affin doesn't pay them commission for soliciting new deposits.

reason for asking?

Just to find out whether u r a member of NATO, joking

NATO? meaning?

No action talk only

I am not too sure about OCBC, but for PBB their T&C has mentioned "Fresh funds refer to funds that do not originate from existing deposit accounts(includes saving/current acc) of the Eligible Participant maintained with PBB or PIBB", and also, daily limit IBG/Instant transfer of RM10,000 per day.

Btw, you open ur promotional FD rate online or via branch?
Because, PBB promotional rate must do it via branch (cant find it in their poor online banking service)

This post has been edited by poi2005: Dec 7 2015, 05:57 PM

Yes the fund capping reached as being rejected today.

Alliance Bank does not look at it that way. Alliance look at the balance compare to previous month

Well they can't say a BC is not fresh fund right?