You misunderstand me. If bank A offer 4.2% and bank B offer 4.0% for 1 year and both located next to each other, why should you choose Bank B over bank A? By choosing Bank B, one lose interest of 0.2%! It is same as giving Bank B the 0.2! Compare apple to apple and orange to orange. One cannot compare 1 year and 5 years as one might no want to lock in money for 5 years. Hence I give the example of Bank A vs Bank B. Same location, same term. Only different is the interest rates. All banks are the same (I am talking about pidm banks). The differnece is whether  have to wait long time, comfortable seats, air-conditioning working or not and got leng lui/leng chai only.

Too bad, I will need the cash by end Dec & currently do not have any a/c in cimb

Follow what cybpsych said. But choose Islamic efd. Don't choose the conventional one. Islamic efd give you 3.25%. Conventional gives only 3.15%.

The above is valid if you have >=rm5k. If you have less than that, choose ambank Islamic efd at 3.15%.  Minimum is rm1000

By the way, cybpsych, correct your posts to maybank Islamic efd. Not just any efd. If he put conventional efd, he only get 3.15%. Giving maybank free 0.1%

 

Thank you for the answer~
I always wonder what does it mean ~

FD/IFD-i Countdown 3 [ MBB | T&Cs (Conventional) | T&Cs (Islamic) ]
5 October 2015 - 31 October 2015

Deposit now for greater returns on your 3-month Fixed Deposit. This offer is applicable for fresh fund placements made over the counter at any Maybank and Maybank Islamic Branches in Malaysia.

3 months Step-up
1st and 2nd month @ 3.60% p.a.
3rd month @ 4.60% p.a.

Effective rate 3.93% p.a.

maybank promo fd for 3 months is 3.93%. min. 25k.
fyi

Nope no good. Cause by putting in normal savings account, one is not getting the real effective rates. Your effective rates is drastically reduced. That's why we don't talk about this kind of CASA - FD here.

Hi everyone - tried to read 50 pages but got a little confused along the way.

Looking for MBB 12-mth pure FD promo (capital & interest guaranteed).  What is the name of the promo with effective rate of 4.5%?

Many thanks.

question, how come i cannot find the mbb and hsbc fd campaign in the bank's website? how should i goto the bank and ask for those special campaign promo?

Hi,
I just make a rm5000 Islamic Fixed Deposit-i placement in m2u for 1 month (3.25%p.a)
But the the profit rate is written : "Rate as declared on maturity date"
What does this mean? I was expecting 3.25% p.a as stated from their website.
http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

unkle out of date or memory fog? tis one has been reported few months back. discussed by several forumers alrdy

interest payment end of maturity only

I know long time ago but just share with newbies

It's weird that mine doesnt show the rate. Only state "Rate as declared on maturity date".
I wonder if it's the same FD product.

I did the same method as what you showed. Both screen and receipt do not list down the return rate.

Im curious to know too if any early adopters have checked their profit by now and confirm if its really as promised 

For me, also "akan datang" !  You even remember the date !! 

You also place for it, right ? 

when it matured on saturday how can u still get promo rate on monday?

if u do not uplift the fd on monday then it will auto renew at board rate la 

Maybe those who are not LYN member? Well I can think of only 2 reasons
a) lazy to go chasing FD promos (too rich)
b) lazy to move money around  (too troublesome for them)

Well their loss. There are PB. I haven't counted the ordinary folks like the Unker and aunties I saw. Imagine how much free money the banks are earning.

Unker just using you as Eg. Don't get angry la.   what I am saying is Eg people who put 6 digit FD, by the banks renewing at promo rates rather than board rates, lesser chance people will move their money. Hence they don't need to offer promo every now and then.

What I am saying is if they renew at promo rates, chances of customer like me who only care about high interest won't run away.
I guess that's true but taking one day off from work per month to chase FD promos I think is doable? No

OK, checked MBB online. The "profit" is in, shown as "Credit FD Int". I calculated the amt given, it is 4%, as declared for first 6 mths.  Calculated for 31 days for/over Oct month. 

Maybe others can check theirs later. 

Now looks like can put in more eggs there ! 

Super deal from OCBC.    Pure FD.  No string attached and no investment linked.

6m @ 4.3%
12m @ 4.5% !!!!

Valid for fresh funds min 10k.    Valid till 31 Dec or when quota reached.

Please guys, keep some quota for me cos I will only have fresh funds early Dec.  Hope got chance then. 
But good news have to share here.  Now go run there everyone.

Got this info thru the RM via whatsapp.

i just got news fr OCBC RM, 4.5% for 12 mths FD until 31 dec 2015. Min 10k fresh funds.