It depends on duration, pidm/non-pidm, frequency of int pymt n convenience
U may refer page 1 for further info

1. Yes. OCBC gives better rates at 4.5%. If you want to get the >4.x%, you will need min RM10k. No min RM10k, no talk.

2. You will not get 4.3% anymore. But board rates (~3+%). After one year, you can withdraw the money + interest and redeposit into another bank which give higher interest (again min RM10k)

3. Yes. FD interest cannot outrun inflatation (the value of your money is getting smaller). FD is good for parking money short term if you don't need it.

4. Banks will never upgrade you to their best rates (4.x+%). You will received board rates (~3+%). Why should they give 4.x+% when they can give you ~3+%? The only way to keep enjoying 4.x+% is to move your money around to another bank to get 4.x+% as banks only give 4.x+% for fresh funds (money not originally from their bank)

5. No fees unless you remove it using banker's cheque. If you withdraw in cold hard cash, no charge. 7 years before it become inactive but not recommended to leave it at board rates (you are losing out the extra 1+%)

No OCBC branch near my place.

I see... based on the info from the first page, it seems Affin offers the highest interest, but the duration a bit too long (15 months).

U may consider offer by Hong Leong @ 4.50% for 6 mths

Had FD with SCB before, renewed or withdrew before without that small blue background FD paper. Was told do not need those on maturity.

You are one of the lucky Citi Gold customers.

That tall Ocbc PB centre counter girl? Leng lui?

Is there any ruling on not paying interest over non working days? Shall we write a complain letter to BNM?

This post has been edited by gsc: Dec 22 2015, 01:30 AM

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?

Again. No RM10k, no talk. See front page. It's already listed there. It's also on all brochure in cimb bank
http://www.cimbbank.com.my/en/personal/pre...ed-Deposit.html

13th month you will only get the 12-month interest
RM10430 X 0.03.x X 31/365 (this is Jan 2017 and x is I do not know what's the rate for the unfixed as they have tier 1& tier 2.)

That's the amount of interest you will get.

Yes. Stupid move. After maturity, just remove and dump into the another bank with the highest interest. No banks will give you higher interest after their promo rates. Why should they? Banks are doing business. They hope that you will forget to remove your FD upon maturity, hence they do not need to pay you so much interest. If you are lazy to move your money around every year, dump into 5 years FD. After 5 years, then only you move your money. Interest will not be added to the original amount (prinicipal)

Yes. 50 years right? EPF. You cannot remove your money until 55 years old and compunding interest will be at work. Interest given is ~6.75% p.a

Another one is ASX FP (6.x% p.a). That's what I am switching all my FD to. Too lazy to keep running to the bank every year.

The question is are you willing to let the government touch your money (EPF and ASX FP)?

More info :
ASX FP - https://forum.lowyat.net/topic/3779176
EPF - https://forum.lowyat.net/topic/2705461

he asked for >6 months fd

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

ASX FP = in full is what ya?
So assume you are Bumi? If so, then you have more chance than non-bumi lor.
Wanna tambah my Amanah 1Malaysia also cannot leh now.

FP fixed price

please move to the thread hnws shown for further discussion on asnb. he is "expert" of asnb funds.


This post has been edited by sandkoh: Dec 22 2015, 09:15 AM

Hi all,

Is the CIMB unfixed deposit can be deposit thru CIMB Clicks?
Or I need to go to the counter?
Thanks

Counter only

Thank you. Then I have to go to bank next week

Since it has to be fresh fund, I need to bring cash/bank cheque?
What if I transfer fund from other bank the day before, do they accept?

This post has been edited by winnie619: Dec 22 2015, 10:36 AM

should be ok. they can see it is fresh not busuh fund.

i transferred funds on the spot, after the teller said ok.

the day before might be fine, but it is better to get bank staff's confirmation

IBFT is your friend, and it is still free.

This post has been edited by kit2: Dec 22 2015, 10:42 AM

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.

HAHAHA, yea correct. since now IBG is free