Better choose AmBank FD 12 mths @ 4.20% pa plus extra 0.05% if above 50 yo, rite?

Can I opt not to have their debit card and cheque book?

Since I plan to uplift the FD and close the Advance account after the FD due in 3 months time.

If above 50, I think i will pick ambank 4.55% you will never get such good deal again. Dump for 5 years. No need to worry about FD promo every year. Mbsb have been offering 4.7% for few years. Despite opr didn't go up, none can beat it yet. So that's why I say the 5 years one is really worth it

no extra 0.05% for >50 yo.

i did not take their debit card, i think you can choose not to have their cheque book as well.

I see. Just to confirm, currently I have a HSBC basic savings account, I am still entitled to participate in this promotion right? Since currently I am not a HSBC advance account holder.

This post has been edited by Ah SiAnG: Oct 21 2015, 09:56 PM

I don't think so. As I am sure HSBC want new customers. No harm asking.

But it did mentioned that the promotion is opened to new HSBC Advance customers.

And if it is only opened to new customers, isn't it redundant to define fresh funds as "monies from sources other than any existing account with HSBC and must not exceed 7 working days in any of the eligible customer's account with HSBC"?

This post has been edited by Ah SiAnG: Oct 21 2015, 10:08 PM

anyone applied for CIMB eFD,min 10k,4%, 3months? is it one account can only do one placement? have any tried to place 2 eFD? eg: 2 x RM10k?

I have 6 separate >RM100k CIMB eFD getting 3.7% (monthly), one of it not even eFD just branch FD but auto renewed to promotional rate ... but somehow the 7th eFD is just normal rate (3.15%). Maybe there is an upper cap?

just give it a try lah

Spot on
HNWI

how did you manage that?
3.7% monthly?
your RM did it for you?

spoke to of the AmBank branch manager,

2year 4.6% has a target of RM1.5 bio.. so high

3.7% monthly? Or annual?

I hope this Am Bank 2 years 4.6% can extend 1 more month until the end of Dec

APR 4.7058% for AmBank looks great. 2 years is risky, given FED/BOE will raise 50basis and 100basis points respectively by end-2016.

Alpha of 50 basis points.

Shld b annual

Noob question, may I know how does OPR effect FD rate ,for example if they increase/decrease 50 basis points how much will it adjust on Ambank 4.55%/annum.

Once you place, any change in opr will not affect your deposit. Only your future deposit will be affected.