Just on the 9th, have placed for the AmBank 5 years 4.55%. Now 2 yrs 4.6% !

This Thursday may put in for that.

Today did online termination of the FD. So matured FD and interest will only show up 1 day after maturity. So terminate it and can only use ibg to transfer it out. UOB has no IBFT service.

Anyway thanks to one forumer who mentioned on UOB can terminate FD online.

By the way the FD was NOT placed online, it was OTC.

Thanks for the calculation

omg, i think i going to do the same, what a hassle.. but 2 years 4.6% promo is it only certain branch or all branch?

why the run promo like this one.. haiz..

Should be all AmBank branch.

Am Bank 2 years 4.6% promo is available in all branches.

I think 5 years 4.55% is not moving well, that's why suddenly Am Bank
executes "Plan B" to come out with unbeatable 2 years 4.6% promo..

so if uplift ambank 4.55% 5yr and put in ambank 4.6% 2yr got any penalty? will it consider fresh fund?

i guess we are going tro same musical chair cycle..

I can't find the info, anyone can confirm this is available to all branches?

Its website doesn't have it either.

No, no penalty, but just no interest for 4.55% FD if you placed it less than 3 months.

Consider fresh fund..?
Am Bank Maluri said if use existing fund, just need to top up RM 10K fresh fund, or
top-up 20% fresh fund... When did you placed your 4.55% FD?

For my case, I can change because I just placed my 4.55% yesterday.

Should be available to all branches lah..
I called 3 different Am Bank branches, all of them were aware of this promo..

i also place it yesterday.. we are in same boat same time, just different branch i guess.. haha.

AmBank RM SMS info. So Penang also have the promo. Should be for all their branches.

Ha... Really..?

I called Am Bank where I placed my 4.55% FD, the staff who picked-up the call said
I could only go back tomorrow to change the FD to 2 years 4.6%. because need 2 days
to clear my banker's check. So I will lose 2 days interest.

If I use cash to place 4.55% FD, then I can change to 2 years 4.6% immediately, no need to
wait until tomorrow.

Are you sure you will change to 4.6% tomorrow?

But I checked the 2 years maturity date in 2017 calendar, 21 October 2017 is Saturday..
Am Bank does not pay interest for non working day wor.. so will we lose interest on
Sunday (22 Oct 2017)..?



This post has been edited by BoomChaCha: Oct 20 2015, 10:19 PM

0.05% extra means only RM50 extra for a 100k fd?

I need confirmation in B&W.

As, I don't want to go to branch and prepare to deposit, only found out, not available throughout or staff not aware got this promo.
I don't want to waste petrol, toll fee and time.

0.05% means extra rm500 for 1 mil fd. lol

Yes.. RM 50 extra for RM 100K.

But the main issue is the tenure, why I wanted to place
in AM Bank for 5 years because I was greedy for the 4.55%.
Now since we can get 4.6% for 2 years, it is no longer necessary
to lock for 5 years.. My opinion only..

Oh.. Then you can call Am Bank in your town first before you go there.
I think 99.99% of change AM Bank in your town has this 4.6% promo available..

I just did an analysis:

(1) if we let it be to keep our 4.55% for 5 years, the maturity date is
Monday, 19 Oct 2020. Monday is perfect to uplift the FD.

(2) If we change to 4.6% for 2 years tomorrow , the maturity date will be
Saturday 21 October 2017, we will lose interest on Sunday (22 Oct 2017),
and also 2 days interest for yesterday and today..Total will lose 3 days interest.

sure will report back here tmr, only make a trip cause its nearby my place.

but lock in 5 years could be good in case year 3-5 opr drops?

ah.. this is pro level of analysis...

but in few hours time action (or not action) need to be taken.

whats the conclusion bro?