Am Bank FD Promo
(4) 5 years 4.55% with semi annual interest - end Oct
For (3) & (4), 50 years old and above can get monthly interest

Like that sure bank will deduct your principal.

Banks will not let you win. Sure got some way for them to cover their loss. Like that people remove after 1 year, sure rugi. FDs are liabilities to banks.

Bank deposits in Malaysia are growing at their slowest pace in more than a decade as retail funds flee to higher-yielding avenues, weakening banks' buffers against any unforeseen funding needs at a time when the economy is losing steam.

Total deposits at commercial banks rose 4.8 percent in July, the least since September 2002, according to the latest central bank data. Growth is expected to slacken further, with banks offering unattractive interest rates of 3.1 to 4.0 percent per annum. Those rates are barely above the inflation rate of around 3.0. Most Malaysians still prefer property, equities and other investments than deposits, say analysts.

As deposits slow, banks' loans-to-deposits ratio - a measure of their liquidity - crept to a record 89.3 percent at the end of July. Some of the bigger lenders such as Malayan Banking Bhd are currently operating at loan-to-deposit ratios above 85-90 percent, according to analysts. They expect the sector-wide ratio to rise further and liquidity to tighten, even as loan growth in the Southeast Asian country slows due to a weaker economy.

Banks have not been idle. They have been raising interest rates after the central bank increased its overnight policy rate by 25 basis points to 3.25 percent in July last year. Competition has also kicked up a notch ahead of a 2019 deadline to comply with Basel III capital requirements. As banks raise interest rates to attract deposits, net interest margins - or the difference between what banks pay on deposits and receive for loans - will suffer, analysts warn.

"We do not discount the possibility of these banks paying up (raising rates) for deposits, and this would be negative even for banks with more liquid balance sheets, as these banks would likely need to pay up for deposits as well, in order to defend their market share," an analyst with RHB, a Kuala Lumpur-based bank, told Reuters.

1) 4.55% pa for 60 months
2) Campaign Period: 10/09/2015 till 31/10/2015 OR upon reaching RM500 million whichever comes first
3 )Minimum placement: RM10k - Individual, RM20k - Non Individual, RM250k - Wholesale Banking

For FD Am50Plus, the monthly interest must be credited to the Primary account holder's account.

http://www.ambank.com.my/ambank/SiteAssets...onthsTnCEng.pdf

4.4 The Eligible Customer will not be entitled for any interest/profit whatsoever if the Eligible
Customer makes an early withdrawal before the completion of three (3) months from the
date of placement. If the Eligible Customer makes an early withdrawal after completion of
three (3) months from the date of placement, the interest/profit payable will be half (50%) of
the Bank’s contracted rate based on completed months on the principal amount only.

I am guessing it will be deposited to your CASA. If they deposit into your principle, sure they rugi la. Banks don't do rugi business.

Here you go if you exit in 2 years.

Sorry. Have no idea how to double quote.

After pressing quote, and if I click reply from another person's reply, the quote will not appear? Only the post which I want to reply will appear.

Need some help from SCB regulars here,

Nor sure if can do a premature withdrawal or not? 

I called them 3x today, finally 3rd CS found the problem, it showed only RM100 IBG transfer limit there, but on my screen
it shows 20k limit. Awaiting for technical people to sort out......

Did you have to wait for 24 hours for the change transaction limit to be effective?
All done within minutes?? CS told me to try change limit and wait for 24 hrs!

You remember got TAG code? Mine it just ask for "confirm", no TAG code .

i tested it again, system never send me TAG or ask for TAG.
See attachments

Worse, after i clicked "confirm", it  went back to previous screen ie step 1 page,
it didnt complete my request?...sigh

If you would like to increase your daily limits of online transactions, you will be required to input a One-Time Password (OTP) for verification.

You are right!, very sharp.
earlier becos of unable to do IBG, i simply changed the limit, from 20k to 15k, no need TAG no wonder.

Just now again i tested to increase limit from 15k to 30k, yes TAG sent to me. I happily entered the TAG  hoping i can do IBFT now, but alas still  same problem, sigh.....

same sentiment about 5 years, perhaps due current uncertainties...

which promo you will/ended up getting?

Not considering HL 4.26%, AmBank 4.2%, even MBB GIA-i 4.5% ? 

Hi guys, I am looking for a one year TD for my parents to move some money from Public Bank. They are both 59 this year. Is the OCBC 4.2% a good option?

Most Banks will end promo (although b4 timeline) once target is achieve

I tot you are going to move from UOB to OCBC ? Stay put in UOB by topping up ?