use IBFT for instant transfer. but certain banks like ambank no ibft.

A few months back HL junior saving rate instead of the same as 1 month FD has dropped to 2.5% but HL junior islamic isaving is still maintain at 1 mth FD. Was told yesterday, the islamic also drop to 2%.. Is this true.

C***bank always do cold calling and recent one tried offer me RM10k for 3.2% personal loan.

I don't really need the money but if I was thinking if I take the loan and put into 4.5% FD can I earn?

Or it's not as easy as that?

Note: you need to pay your loan every month, but your FD needs to complete the tenure before you actually earn

https://www.machbyhongleongbank.com/assets/...-450-tnc-en.pdf

HLB MACH 4.5% FD 6 months T&C

That's the idea.

Money is locked up for 5 years. You do not need to go chasing for FD promo every year.

Went to Ambank just now, BC is RM2.80. New promo coming in January.

Didn't go place any FD. Just "transferring my money"

say it out loud!

no more talk of bc rm5?

transfer $$ to buy asnb ut?

Don't want la. Later kena curse. Next time I asked CIMB and Maybank and see how much is their BC.
Not transfer. Withdraw cash.

Again, what you mean by interest will not be added to principal amount?

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

What? Lady at bank say to me, FD will always be taking my interest, campur balik to principal. You say now, after 5 years no more like this wan?

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.

Bro, never say never

Last month I mentioned here that Affin Bank renewed my matured FD and gave me their Promo rate of 4.2% 12 months. All I had to do was talk to the Service Manager.

For UOB case - yesterday I had 1 FD maturing and another 3 next week. My RM told me that she will request 4.5% 12 months for all 4 FDs and within 15 minutes she told me that she had received approval from HQ for all 3 FDs. I am sure you are aware that UOB current promo is 4.4% for 12 months (if not, see Post#1). Therefore, I got higher than their "official advertised" Promo rate!

This post has been edited by Gen-X: Dec 22 2015, 02:33 PM

How come like that? Now at 4.3% I get from CIMB, next year I call them or go to branch to settle again at promo rate? Just threaten, or talk nicely? This is too difficult to understand now, all peoples saying many different things.

don't kill your braincells.

place to whatever fd promo now that suits you.

when near maturity, figure out where to put.

from now till maturity, a lot of things can change.

before that, u need to understand gen x's background and how much money he has. lol

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).

I just received a call from Hong Leong Bank sales person. She claims to be offering a new type of Savings Account whereby they can guarantee interest rates of 7 to 8% per annum but with some terms and conditions applied. She requested for a meeting with me tomorrow for a presentation at my office. I also clearly asked her if this was investment link type of savings but she said no, this is pure savings (almost like FD type) and no risk. I'm intrigued and said that I'll meet her and listen without obligation.
Anyone else got such telephone call from Hong Leong Bank?

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