With 5 years FD, you will need to open a SA. Interest will be given every 6 months or monthly (if you are more than 50 years old - some FD) into that SA. The interest will never be added to your original amount

That is for 1-12months year FD where the instructions is interest add-on and renew at board rates (~3.x%). For > 1 year FD, usually one need to open a SA for them to give you the interest.

You and I not same playing field what.

Me have no Priority status with any bank and will never apply for any of their Priority status (waste of my money).

CIMB Clicks eFD 4.3% 12 months. Minimum RM10k
https://www.cimbclicks.com.my/eFD.html

No banks will give you 7-8% interest. Most likely is bundle with UT.

If you have too much money then ok. If RM250k lock up just for priority status, not worth it when that RM250k (I am using RM250k because most banks need about RM250k) can be earning 10%+ in other investment. But each person is entitle to their own opinions.

This post has been edited by Ramjade: Dec 22 2015, 07:32 PM

UT, stocks. I did not say guaranteed. RM250k in FD just to get priority service compare to RM250k in UT? I prefer getting more money than getting entertain first. After all, for me banks only have 4 functions
a) SA
b) FD
c) CC
d) Loans (unless priority service is able to give you lower rates, than is worth it)

For me, 5-15 minutes waiting time, no problem.

Now CIMB have eFD at 4.3% 12 months but still cannot beat HL 4.5% 6 months

Well you are paying with the amount of interest given compare to what can you get by parking your money somewhere earning double digit almost every year. Let's just say 10% of RM250k vs 4.5% of RM250k. That's a difference of about RM13k. More than enough money to go on vacations.

I will take the RM13k (vacation every year) compare to being a priority customer.

It will go in automatically. Just remember to withdraw your principal + interest and hunt for new promo.

Actually that is what affin have been doing for all their FD promos.

Malaysia won't bankrupt but your money become Zimbawe money. (worthless)

No. You cannot withdraw from OCBC Singapore. I will give you a quote from unker dreamer (not his exact words but more or less the same meaning) .

"Do not put all your money in Malaysia. Convert to USD at every chance. RM is not going anywhere but downwards. Buy US ETF. You already have EPF which is already 20% of your wealth. Do not put in ASX FP. Holding USD cash is better than holding RM cash"

You have cimb eFD at 4.3% for 12 months.

Hi, no. Eg. You open bank abc in malaysia. But you can withdraw from their local bank xyz arm. There will be a fee charged for each withdrawal

I do not know about whether that applies to like cimb. (eg. Open cimb account in malaysia and withdraw from CIMB sg.) whether they will charge you or not.

So no extra charges for that?

For fast service without the need to line up and being serve first (feels like priority customer without being one ) and if you don't intend to be a priority customer like me = affin bank (the bank is usually empty, that's why is so fast)

For best online banking = Maybank

For nice and comfortable seats + cold Aircon = Cimb

For best savings account interest = Ambank

For most no of atm = Maybank, cimb, bsn

For best FD rates = check first page

For lenglui/lengchai = ask others I never noticed and don't care about it.

Avoid hlb like a plague unless you want to go for their 4.5% FD. Service extremely slow. The other day, system down whole nationwide. They are one of one of the least efficient banks.

These are my opinions. It could defer from others.

This post has been edited by Ramjade: Dec 27 2015, 08:41 PM

Well, just to let you know, my money inside there are covered by pidm. Didn't exceed the limit. So who cares. if exceed pidm/no pidm, of course worried.

And affin bank is the bank of xxx. She wouldn't want anything to happened to her money would she?

I am also in the process of transferring out all my FDs.

So thank you. No worries.

This post has been edited by Ramjade: Dec 28 2015, 07:14 AM

Do like me. Open without atm card. After that, just leave only RM20 inside. Don't kena charge anything. Yeah. I agree. Affin's current promo is bad. Better choose Ocbc.

Ambank said new promo coming in January. CNY coming soon. So Affin will have their regular CNY promo.

This post has been edited by Ramjade: Dec 28 2015, 12:48 PM

Most banks will never let you placed an existing funds at promo rates. You will have to move your money around if you want their promo rates.

Guess so.