Just opened an FD at UOB 4.4%p.a
Have to open savings account if u dun have one.
Account come with IB and ATM card

Btw, there is a charge of RM2.60 to issue cheque when withdrawing. They advice to transfer it to your savings account and IB transfer it out.

Also note that u will earn a little more interest if u open before 29 Feb coz it is a leap year !!!

after consuming a portion of it, i shall return it to the bank with best rate in Feb

not true. in fact for leap year, per day interest is div 366 days instead of normal 365 days. interest still count by days.

consume part of 1 mil

Made a deposit at bsn yesterday, the 12m 4.5% deal. This morning recd sms saying

Haven't called them to ask wtf that is. Anyone place this fd too? Any idea what this is about?

maybank 4.5% for 12 months no longer available?

If not mistaken it is 366/365

not div 366 X x days? if like wat u said, we gain.

unkle magic, which bank u put fd nowadays?

This post has been edited by yygo: Jan 28 2016, 01:23 PM

islamic fd will send out this type of sms, for some banks. hl has sent out "u have purchased xxx tons of resin ..............." for their islamic fd before.

cool, man.

aiseh! 1st time i get this notification even though hv done islamic fd b4

tq

onli some banks do that. br never. but hl is one of them.

OCBC n HLB. Also KWSP

hi all

im new to FD but im interested to put some cash to FD

im looking at this promo
http://www.maybank2u.com.my/WebBank/fdcny260116_tnc.pdf

there's some terms that i dont quite understand
1) fresh funds : this means that this funds cannot be from existing FD?
2) board rate : the usual FD rate?

other than the rate offered, is there anything else that i should take note before deciding which bank?

fresh funds: money NOT from MBB
board rate: yes, the normal publised rates that you can find on website

not from MBB means not from MBB FD? the money can be in MBB saving account?

if not, does that means i have to withdraw the amount from MBB first, then deposit back to MBB FD?

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.

Thanks for the clarification

BSn better choice la.

i called up BSN, the 4.75%% is paying monthly.

For every million, you lose RM5700 per year. over long term rugi besar oooo
4.18% is very poor rate for big money.

bsn 4.75% is 5 years fd rate, rite?

ya, mr lim lose out big time if he put in for the 4.18%.

Hong Leong's Islamic FD effective date only starts after the cheque is cleared, right? I presume the money would be sitting in the CASA before the cheque is cleared. Would Hong Leong give interest for the money in CASA before the cheque is cleared (2 days or longer depending on whether there is any holiday or weekend in between)?

In general, if I deposit a cheque into a CASA, would I get interest only after the cheque is cleared or I would get interest from the date I deposit the cheque?

This post has been edited by Nom-el: Jan 28 2016, 06:55 PM

Which branch ? I was told the Interest will only payable after mature period.
The lady at the front desk looks uncertain and approach her manager, then her manager make a call, then confirm to me.

This post has been edited by Clement1001: Jan 28 2016, 07:01 PM