That green guy does not know the sequence...just like he said 6 months 4.5%, 1 year is more than 4.5%. Some more try o deviate on his original point....yesterday went UOB, banker cheque is 68 sen. Hoe he will remember

My OCBC online account was previously open because I have OCBC credit card. No SA. Even after I terminated the card, I can still view all my FDs. Then now after open the 360 SA, I can view it but unable to perform any transfer. Anyone with 360 account here?

Hi guys, the CIMB unfixed deposit for 12months 4.3% p.a option, is it the most suitable option for me if I would like to have the freedom to uplift some of the principal amount if there are anyway sudden need of cash (without loosing all of the interest)??? or is there other bank that offers competitive rate for the same feature???

Guys which bank has the highest FD currently? I wish to transfer my money to the one with the highest FD by today thx

I dont know what to read. So Affin bank has the highest FD? And what are those brochures says for every bank? Why some offer 3.6%, 3.9%, and 4.6% for 6th month or 12 month

Easy way is...

Giv ramjade ur money
He place for u.

Profit sharing..

Lolz

After reading the postings here, decided that HLB 4.5% was the FD to get since my SCB 15mth FD matured today. So hurriedly I uplift my SCB FD and proceed to HLB Bkt Tinggi, Klang branch which was near my office. The HLB branch there was quite busy with many people. My turn came and I proceeded to inform the counter girl that I want to place FD on the promotional 4.5% rate for 6 months. The counter girl ask if I have a saving account with the branch, I say no but I do have a a savings account with another branch. She says cannot, I have to open another account with the branch in order for me to place the FD. I need to take another que number to open the account. Got fedup, took my money and proceeded to Affin Bank. There I was greeted like an old friend, attended to immediately by a middle age lady (no leng lui here...sigh) and she proceed to explain to me on the promotional rate of 4.6% where by 20% of it need to be placed in either a 1 month (4.05%), 2 months (4.10%) or 3 months (4.3%) FD while the balance 80% will enjoy the 4.6% pa interest. She advised me to take up the 3 months FD @ 4.3%. After making some rough calculations, the first 3 months interest came out more that than the HLB 4.5% FD (3 months period). After that, I can take the 20% and find other FD to put (hopefully can find a better rate) while the balance 80% can enjoy the 4.6% interest.
I find that the customer service experience at Affin bank so much more better, we are really being treated as customers instead of being treated like livestocks at HLB.

U are wrong in this.

I confirm with the staff when placing the fund woth HLB MV branch.

I told the staff that i already got existing FD acc at jalan perak HLB Main, why do you still need me to open a FD acc here ?

The staff told me that when they open the FD acc here, the money recorded in the FD acc is counted as this branch (MV branch). So it will be their so called "performance"

It is not true that you need to open a saving acc at different branch. Now my ebanking hlb connect show 2 FD acc. 1 from main branch, 1 from MV branch.

Come on. All fD certs need you go back to the branch you place to withdraw one la..

Based on my recent encounter, looks like HLB dont practice like how PBB do..

I wont say i am right or wrong either, but i did it without any problem.

I think either
- the staff dunno and simply cakap
- branch too many people and purposely make u mafan and go other place

I dun think you can have more than 1 same SA with same name in the same bank.. is redundant.

Any T&C?
Btw, tis is not attractive when compare to HSBC which offers 5% for 3 mths

For my case since I'm taking up the 20% on the 3rd option of 4.3% pa rate, effective rate can only be calculated for only 3 months, then the funds will split into 2, 80% will remain to enjoy interest rate of 4.6 pa for the remaining 12 months and the other 20% of the fund I will take out and put into other FD.

My simple calculation for the 3 month effective rate would be as follows:-

Taking 100k as an example,

20k x 0.043 x 3/12 = RM215
80k x 0.046 x 3/12 = RM920
Total interest for 3 months = RM1135

Per annum interest would be RM1135 x 4 = RM4540.00.
To calculate effective rate, simply divide RM4540 by principal amount of 100k and multiply 100 to get percentage.
Which is effective interest rate of 4.54% pa for 3 months.
Then the 100k funds will split into :-
80k @ 4.6% pa for balance 12 months
20k to invest in other promotional FD.

Hopefully after 3months, there would be some attractive promotional FD rates for me to park the 20% fund.

Just got to open my very first FD with HLB

How does the 4.5% p.a 6months works?
Eg: RM10000 deposit x 4.5% = RM450
      RM450/2 = RM225?

Hi, I am thinking of opening a FD account. I have a few k of cash lying around, and my father tell me to keep in FD account.

Anyway, I have some question. I saw that the CIMB Unfixed deposit is good. My questions based on that.

1) Now if I sign up for 12 months at a rate of 4.3%, what happens after that? Meaning, in one year's time, I will have RM1043 (if principla is RM1000). Correct?

2) After one year, what kind of interest rate will charge to me? Will that interest rate be applied only to initial RM1000, or to RM1043?

3) Assuming this is a long term fund I set away, is there any downside to using a Fixed Deposit account?

4) I see at CIMB website, regular FD rate is around 3.25-3.6%, depending on duration. How can I ensure that from my second year onwards I earn 3.6%? Or will the bank automatically upgrade me to the best rates?

5) In general, are there recurrent fees in maintaining FD accounts? Does the account become dormant after one year like a regular savings account?

Wow where does that come from? Unit trust? Never seen it mentioned on any single brochure/website for the Unfixed Deposit campaign.

-------------------

Again, I would like to ask. On the 13th month, what interest rate will apply? On CIMB website it ranges from 3.25-3.5%. How to know which will be my rate?

People, that means stupid to parking inside a CIMB account forever? My plan keep a RM10,000 in there, and then never touch it. In 50 years, it became bigger.

Is this plan wrong? Means every year December I go withdraw, and put in another bank?

Is there any other similar "safe" investment like FD, but with slightly higher returns?

kind of hearing: don't give free moxxx to the banks!  

Brother, what you means when saying

"After 5 years, then only you move your money. Interest will not be added to the original amount (prinicipal)"

Meaning? Sorry I didn't catch it ya.

say it out loud!  
no more talk of bc rm5?  

transfer $$ to buy asnb ut?