Another alternative option to bc is to do online IBG transfer 0.11cents per transfer?  Much cheaper than bc. 

provided instruction to bank is into sa after maturity, fund <10k. most bank ibg/ibft <10k/day.

if >10k susah lah.

I think vip customer no problem. Non vip customer might not be able to enjoy that privilege (into another bank's account) but if put into same bank account, no problem. Just tell the bank worker credit principal + interest into sa upon maturity when placing of FD

dr ram, you mixed up this with vip customer. nothing to do with vip customer.

even vip customer also cannot ask bank to bank fd+interst into another bank acct. so far only mbsb can bank interest into another bank acct (no need to be vip customer of mbsb )

the point is >10k like 50k, then have to do ibg 5 times per day from home

You can actually do it manually. Go to bank and uplift and then transfer over the counter

Ladies and gentlemen, boys and girls

MBSB 4.7% + TS 2.8% vs AMB 4.55% +TS 2.8%   
Minimum amount here = RM10k



AMB = AMbank
TS 2.8 = Truesavers
EIR = Effective Interest rates

From here we can see that even with monthly interest, Ambank 4.55% still lose out to MBSB 4.7%.  MBSB is still the champ here.  However notice that the EIR of MBSB only increase 0.30943% while AMB increases by 0.32766% which shows that you could get more money if there is say a FD able to give you 4.7% monthly interest.  .

yygo is right. If we put 1 year FD with the interest, the EIR can go up further.  But that can only be done from 2nd year onwards (Starting amount of RM10k). Unless one starts off with RM100,000. 

I didn't include in the last month interest of TS of the 5th year as I assume the FD will pay the interest at the end of the month. So if we would like to see the last month interest, we need to go another year. I used 2016 as it is easier to count.

By the way, aeiou228 how come your EIR is 5.23% Vs 5.10 while mine is only 5.00943% vs 4.87766%?  Your method is add to principal to get the EIR of 5.23% Vs 5.10%?

This is the first time I am calculating this kind of things. Any mistakes please correct me.

Wah.. Super job.. 
But I cannot enlarge the picture....
Can you upload one more time by adding attachment file (Add This Attachment) which is already provided in this forum?  Thanks 

Is there any bank that upon closing of FD exactly on maturity date claims that final interest will not be paid unless uplift on maturity date + 1 day. I think this bank is trying to spin some story here.

If no, then I am about to reveal an underhanded practise of a bank that does that exactly to theit FD customer.

Is there any bank that upon closing of FD exactly on maturity date claims that final interest will not be paid unless uplift on maturity date + 1 day. I think this bank is trying to spin some story here.

If no, then I am about to reveal an underhanded practise of a bank that does that exactly to theit FD customer.

Let's not bring ASX into the equation. The question here is maximising returns from this 2 FD if you are above 50. One can use Truesavers to maximise the interest earns. So if mbsb with 4.7% interest given half yearly and added into Truesavers compare with ambank with 4.55% interest given monthly (above 50 years old) and added into Truesavers, which one is able to give a higher returns after 5 years?

By the way, aeiou228 how come your EIR is 5.23% Vs 5.10 while mine is only 5.00943% vs 4.87766%?  Your method is add to principal to get the EIR of 5.23% Vs 5.10%?

Is there any bank that upon closing of FD exactly on maturity date claims that final interest will not be paid unless uplift on maturity date + 1 day. I think this bank is trying to spin some story here.

If no, then I am about to reveal an underhanded practise of a bank that does that exactly to theit FD customer.

No, I never come across such interest payment policy yet from all the banks I dealt with. Which bank are you referring to?

Ladies and gentlemen, boys and girls

MBSB 4.7% + TS 2.8% vs AMB 4.55% +TS 2.8%   
Minimum amount here = RM10k

From here we can see that even with monthly interest, Ambank 4.55% still lose out to MBSB 4.7%.  MBSB is still the champ here. 
This is the first time I am calculating this kind of things. Any mistakes please correct me.

So finally u realised MBSB 4.7% is better?
0.2% extra no joke u know....especially over long term

For short term eg 1 month FD, a one time 5% rate also not
much to me.

provided instruction to bank is into sa after maturity, fund <10k. most bank ibg/ibft <10k/day.

if >10k susah lah.

Is there any bank that upon closing of FD exactly on maturity date claims that final interest will not be paid unless uplift on maturity date + 1 day. I think this bank is trying to spin some story here.

If no, then I am about to reveal an underhanded practise of a bank that does that exactly to theit FD customer.

let me answer further on a few others.

No need to inform bank in advance, just bring your IC and go. Just bring the statement along if you want.
Once mature, can uplift on the same day or later.
UOB charges RM2.80 for banker's cheque (usual case for my branch)