Affin kena beat liao. Need high amount to get high interest. Interest also not as high as Truesavers. Not worth.

Uncle boom also using Truesavers now.

This post has been edited by Ramjade: Oct 13 2015, 10:30 AM

Nope. Maximising returns from the bank. Do not give banks free money!

I use the bank which can give the me the best interest while saving money so can put fd.

If another bank can come out with rates which beat ambank, I will not hesitate to jump ship. My loyalty is with my money.

Nope. Why should I? A bank is a bank which leech money from people. So we should leech from the leech. Do not give banks free money!

If bank A can give say 4.2%, I don't see why bank B cannot give 4.2% as well. Same goes with CASA. By going for bank B which gives you say 4.1%, you are effectively giving bank B 0.1% of what you are entitled to get!

This post has been edited by Ramjade: Oct 13 2015, 01:10 PM

Some banks accept that as fresh funds, some don't. Read the t&c first before doing ibg/ibft or walk into the bank and enquire. IBFT from bank A (Ibft is free for now), then use BC from bank B and bring back to back A.Safest is still BC. That one guaranteed counted as fresh.

Ambank 4.55% for 5 years. Exceed 4.5% with PIDM. combine with Truesavers for effective rates of >4.55%! Interest paid semi-annually if one is <50 years old and monthly if >50years old.

Did not put that. I put ASX FP instead. Liquid enough to withdraw anytime without affecting the interest. No money for rm10k ambank 5 yearz and don't want to settle for board rates so choose ASX FP instead.

One should maximise one's return rather than let the interest earn sitting in a useless account earning say 0.1-0.5% interest. DO NOT GIVE BANKS FREE LUNCH!

This post has been edited by Ramjade: Oct 13 2015, 08:26 PM

No rm10k, no talk. Give banks free money, I don't think so. Calculations of able to give 6.X+% dividends/interest min can last 3 years if just draw from their reserves.For the 4th year, will see how it goes. But OT already

Please la. If like that I won't be in this thread. My loyalty lies with my money. Previous m2savers supporter because of Gen-X. But realised that m2savers give miserable returns and need >=rm2k to activate the interest. No rm2k, no talk.Sometimes hard for me to get interest (no rm2k inside). Well if another bank come out with 3% savings with easy t&c, Bye bye Truesavers. *wishful thinking-banks are stingy companies*. Again NO FREE LUNCH FOR BANKS! Other people want to give banks free lunch, be my guest. I won't

Agreed. Hardly any atm in sight. I go for that only because of the 2.8%.If it doesn't offer 2.8%, I wouldn't even bother opening. So when I want my money, plan in advance and ibg it out. Will reach maybank at 2pm. Then I withdraw.That's how I get the best of both world. High rates from ambank, many atms from maybank. Ibg's free. Make use of every featured offered by the bank.

Really? Didn't know that. Hardly go 7-11.I still prefer the ibg way. Shiok sendiri that using both banks.

Suitable for people like Unker. But it ends I think end of October.

This post has been edited by Ramjade: Oct 14 2015, 12:04 AM

That's the downside. 3x IBG/ATM withdrawal per month. That's why plan in advance! DO NOT GIVE BANKS FREE LUNCH! Be like captain. Plan your move. I started planning since using Truesavers and haven't paid them a single sen. Neither am I planning to give them any.

Here's how you do it.Calculate how much you need /month. Calculate when you want to IBG out your money. Transfer the total you need to truetransact and withdraw+ ibg to another bank. That way you can withdraw and ibg out but it counts as 1 only instead of 2! You will still have 2 transcation left to use for emergency. Hope that helps.

This post has been edited by Ramjade: Oct 14 2015, 12:13 AM

Thanks. After rereading it, then only I realised. but must take petrol into consideration. That's why I listed out how to plan by using it.

Interest calculated daily and credited on the 1st of every month. If want to to apply better go branch cause if apply online still need to go branch to collect debit card and fingerprint. No rm8/year fees. . Don't know how much is the limit. But you can set it yourself.

I think best is 5 months the at 4% or take the cimb efd 3 months at 4%. After that sure got another promo. Effective rates maybe more than 4% after 6 months if you go that way (compounding interest-just make sure you put interest together with the principal into the new Fd, upon maturity)

This post has been edited by Ramjade: Oct 14 2015, 10:35 AM

MBB 4.5% is if you keep until maturity. If you don't keep until maturity, you don't get 4.5% same goes for ambank 4.55% cause if you remove early, banks sure will deduct your principal.

For ambank Truesavers, keep in mind of the 3x IBG/ATM withdrawal limit/month. Other than that good choice.

By the way, you should close account if you are going to get charged rm8/year. If its free, just leave it with the min amount. Who knows one day their rates are better than Truesavers?

Got Maybank's name what. If capital and returns not guaranteed, next year people won't put with them if they cannot delivered. A bad reputation is harder to shake.

No rebate. Just not charged rm8 for it like most banks. If you want rebate, go for their true cc. 3% CB for online transactions cap at rm30/month without charges of administration fees for overseas online transactions. Some exclusions apply. Refer to their T&C. No annual fees. If you are going for local online shopping, uob vox would be a better choice. Other than that, no special rebates. Refer to cc thread.

Already free IBG, no rm8 charge, high interest, still want to ask for rebate? Ish...

Don't think mbsb will win cause previously one guy showed a 4.2% FD if compounded yearly can win against bsn 4.5%. Differences between them are 0.3%. Here mbsb 4.7% vs ambank 4.55%, differences is only 0.15 and one gets interest compounded monthly if one >50 years old. So if 4.2% can win against 4.5%, I don't see why 4.55% cannot win against 4.7%. Best is calculate ourself manually using pen and paper.

This post has been edited by Ramjade: Oct 14 2015, 07:38 PM

Since the interest you get monthly will be constant, you can create a new column to calculate that

Unker correct. Don't smoke, drink, exercise everyday, eat medicine everyday can tahan. Unker can help calculations for mbsb vs ambank 5 years with additional Truesavers 2.8% for both? I count until pening.

This post has been edited by Ramjade: Oct 14 2015, 08:34 PM