Hi,

Which bank offer best rate? Check first page.

How to qualify?
Fastest is online IBFT the money over. (since IBFT is free) If you are scared IBFT not counted as fresh fund, simply withdraw your FD as banker's cheque and bring to whatever bank you want to put.

12 months or 24 months FD?
Only you can answer that question. Do you think you are going to use that money few months down the road? Remember you money is "locked" and you will not be able to touch it without losing at least 50% of the interst. Long term is good as in you don't need to go to bank to keep hunting for new promo. But it can cause you to miss out on some high interest rate promo.

Safe investment
FD (PIDM), Amanah saham fixed price funds, certain unit trust/bonds.
- Only FD principal and returns are guaranteed. The rest no.
- Amanah saham's fixed price fund principals and returns "are sort of guaranteed" more info,https://forum.lowyat.net/topic/3779176/+20
- Unit trust. You can buy based on LYN sifus recommendation. more info https://forum.lowyat.net/topic/3730638

Personal note
Is up to you you want to choose high intereet rate bank or banks which are nearer to you. There is a hlb (7 minutes walking distance) near my place which in my opinion gave me miserable rates so I opt to drive to another part of town (20 minutes drive + parking + traffic jam) to get better rates. That part of town have affin, cimb, maybank, ambank, scb, pbb all in one place.

For me personally, I opt for high interest over convenience

Hope this answer your question.

This post has been edited by Ramjade: Dec 3 2015, 02:20 PM

It depends you are vip customer or not. Non vip customer is about Rm5+/BC. You asked for 2 BC, you pay for 2 BC.

From experience cimb, hl, Affin all charge Rm5+. Don't know about bsn. Never have any money in bsn. But I think might be standardised across banks like IBG, IBFT charges.

This post has been edited by Ramjade: Dec 3 2015, 04:34 PM

Chinaman bank. Still so kiamsap. Other people already offering 4.6% for 15 months, they come out with 4.26% for 15 months.

This post has been edited by Ramjade: Dec 3 2015, 07:56 PM

If you have no need for the SA, you can close it. Make sure to ask for BSA to prevent getting charge for atm card.

Your principal is still there. Your earlier promo rates is still there. Just you get lesser returns for 2 months.

Got atm card? If don't have, maybe cannot.

This post has been edited by Ramjade: Dec 4 2015, 11:06 AM

Yes. Need to go back to branch. Happen to me before. But that was > 5 years ago. Things could have changed by now.

Affin bank usually requires casa for deposit interest l. So many times already. But maybe this time no need. Better check the brochure.

Just take 3 months FD or 1 month efd.

See if it's worth your petrol and parking money. For me I prefer 1 month efd. No petrol and parking cost incurred.

4.33%, vs 3.7%

Best one month efd is maybank Islamic efd at 3.25%. Don't expect so high. I heard that if you are vip member of cimb, can get 3.7% for their efd. But you better confirm with the bank. Don't take my word for it.

This post has been edited by Ramjade: Dec 5 2015, 09:06 PM

Nope.

I got some. But all that's history. Now waiting patiently for the balance of my FD to matured.

Sometimes that cannot be considered as fresh guns. Just ask the bank if I IBFT some money into my Pbb account, does not count as fresh funds.

If not, just IBFT to bank A > buy BC from bank B > bring back BC to PBB. That one I can assure you will be counted as fresh funds.

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

So if say previously I have rm10k, matured, IBFT out to bank A then I IBFT back rm10001 from bank A, not counted as fresh fund?

Which at the same time makes it harder for anyone without fresh fund to place FD with them to get promo rates. Since it's really fresh and not "recycled"