Is a bad account. Interest also not high.
https://ringgitplus.com/en/current-account/...ve-Account.html. If you don't need that account, close it, and open just a normal BSA.

Money changer but it's off topic. Would suggest you to visit the USD/myr thread.

Of course lower rates la. Why should they give you 4.5% when they can give you only 3.x%? Banks hope that you will forget to uplift hence you will continue at 3.x% and they will earn about 1% from you.

This applies to all banks.

Fresh fund = money not from maybank FD/SA.
If you want to put with Maybank at promo rates (4.x%) your money need to come from outside of maybank. How? 2 ways :
1) Get money from other bank
2) Transfer money out from maybank into bank A. Then transfer back to maybank/use banker's cheque from bank A

Since you are new to FD, keep in mind that after the period (6 months, 1 year, etc) your promo rate will be renew to board rates (3.x%). To get 4.x% again, you will need to move your funds again. Unless your fund is very big and can make people's eyes become very round, chances are you will have to move your fund to another bank for new promo.

That's if one is willing to wait a loooooooog time at BSN

Actually bsn FD is good. If you look at it for the past years, no banks managed to surpass mbsb 5 years 4.7% rates.

Mbsb, BR don't have PIDM. Besides PIDM offer protection up to RM250k only. People like unker goat, unker lim, unker bones all put >RM250k so PIDM protection is not really a concern for thrm.

True option 1 is better. But I choose Option 3. Dump into ASX FP. Earn 6.x% and don't need to run around until one needs the money

This post has been edited by Ramjade: Jan 29 2016, 01:44 PM

Sorry. What I am saying people should lock in long term if they have no use for the money. (a similar anology). No need to keep going to bank.

This post has been edited by Ramjade: Jan 29 2016, 02:14 PM

If no gift? Is still a good FD as guy said go wait few hours at BSN, no need to run here and there for FD every 6, 12 months. Beside it is better than old mbsb 4.7%

Not true. Banks give dead line and target for
1) urgency (dead line - make you feel oh man, very short time to put)
2) banks need money (target). If target not reach, banks extend deadline.

The reason they are not continuing it forever is because they will make lesser profit by giving FD promos. Majority of the people put FD at board rates. They don't move their money around. So why give at 4.x% when you can give the same FD with same time at 3.x%? Imagine Bank A giving 4.x% p.a promo for only 3 months. After that go back to board rates. Bank B gives same 4.x% p.a throughout the year. Can you see how much less profit is bank B making?


Normal Hong Leong - fresh funds, can only be done over the counter.
HL Mach - no need fresh funds, can be done online.

This post has been edited by Ramjade: Jan 31 2016, 08:26 PM

Should be doable.

This post has been edited by Ramjade: Feb 1 2016, 12:47 AM

Ok. Sorry. My mistake. Thanks.

Put max RM250k. Don't exceed that if no confidence. More than that, no PIDM protection.

This post has been edited by Ramjade: Feb 1 2016, 10:38 AM

Yes. For example banks kena rob, PIDM will cover some of the loss. As long don't exceed RM250k, you are safe (if you really care about getting the PIDM protection)

If the FD does not require you to have account. No need to open account. A Banker's Cheque from maybank will do. However if they say must open account, ask for BSA (it's a FOC account)

Use the magic word. If you don't let me open a bsa, I will write into bnm. Guaranteed sure they let you open but face sure become sour.

All fair in love and war. I actually support them. Big or small amount, all received the same interest

Depends on your prefences. Like some people die die must put Bank A only despite rates not good. Check first page.

This post has been edited by Ramjade: Feb 4 2016, 12:13 PM

I heard bank bumiputra also broke?

You're back

Usually is there's no promo for eFD. There are exceptions like alliance bank EFD. Recently HLB Mach (no more). Cimb have efd promos every now and then.