I cant believe it. I received a call from UOB CS now telling me that the info above provided by their CS through a black and white channel is wrong! and RM2.80 is the correct fee.

Dear all, just to share my experience i just had with putting FD @ CIMB . i withdraw my normal FD with 3.15% and then 3 days later i plan to put into UnFixed Deposit with 4.3% @ CIMB , however the PIC told me is not a Fresh Fund and only can giv 4.2 % for 12 months instead ...

This post has been edited by tomry: Dec 31 2015, 11:21 AM

Too bad for you. I just placed the 4.3% FD 2 days ago and the fund originated from my SA. You should have place the withdrawn amount temporarily in another bank.

This post has been edited by Human Nature: Dec 31 2015, 11:26 AM

I insisted don't want card, and they can give temporary login id for online account.
They open a current account for me instead.

ya . it's true .. thx

they told me must take atm card else cannot register for online account,
end up i open account with atm card >_<
first time deposit 200, minimum can leave 10 in the account.

Sad to hear
Anyway, 0.10% is small unless u r a HNWI

Fresh fund is defined by most banks money coming in from orher banks. That is the purpose of banks provide promote rate. If you withdrew FD and placed in the same bank but different account. No matter how long it is still not considered as not fresh fund as it is not from other bank.

However some banks, some officers some mgt level can waive that on the day of maturity with some top up or even the fund was in the bank for sometimes. Some members have that experience and I have done that with HL and public.

What ? They turn against what they told you in email ? Unless Penang side going to pay the same amt as in Klang Valley. gsc and me has confirmed the Penang side paying RM0.68.

Next week Friday going to UOB on FD maturity. Lets see.

This post has been edited by bbgoat: Dec 31 2015, 12:22 PM

bro, no need hnwi. 0.1% difference in interest 50k rm50 in 1 year, 100k, rm100 in 1 year.

1 troll saying why give free monxx to the bank?

This post has been edited by yygo: Dec 31 2015, 01:21 PM

this is probably not the most appropriate thread (but also likely most knowledgeable since the people here spend a lot of time hunting for best fd deals )

but does anyone know the best accounts to park temporary funds? currently i am using cimb money multiplier (2.5% but min balance 10k). back about 5 years ago, eon bank has an interest bearing current account which pays almost 1 month fd rates but too bad no more after being taken over by HLB.

I shoot him back how can a CS gives a wrong info. But now I realized that maybe the one that called me was talking about normal cashier order, while the email is for cashier order with FD upliftment. I will check with them again.

how temporary is temporary?

you need to fund, say, in next 6 months? if not, perhaps HLB's 6mth @ 4.50% p.a. FD is best for you.

if you need the fund is shorter terms, suggest you roll it into eFD instead.

Sorry pardon me... but i just couldn't understand why you dun want a saving account ? Izit because of rm 8 annual fee ?

Ambank Truesavers 2.8%. No minimum amount required. No minimum topup required. No Rm8+ charge. Free IBG. Interest is calculated daily.

No IBFT, max 3x withdrawal/online transfer. Hope this help.

If you are looking to park your money for 1 month duration and you have less than rm5k, you can use Ambank Islamic eFD 3.15%. Min rm1k

This post has been edited by Ramjade: Dec 31 2015, 01:05 PM

best rate for eFD is cimb now?

They didn't give me the option and said must open this "Pay and Save" account.
https://www.hlb.com.my/main/personal/pay-and-save-account
Heck it, just make sure min balance RM200 inside.

Same with what I encountered with HLB when wanna open saving account. I dont want atm card because I only need saving account just for FD placement.

Well.. HLB not the only bank around, I just put else where..

just to add, i am maintaining a savings account with HLB, without a debit card. i cancelled the debit card about 1.5 years ago when it stopped being my salary account.

just managing the account via online.

EDIT: i realised in your case you are referring to new account opening. which in my case is not the same as yours

anyway, you can always request for basic savings account which doesn't charge the RM8 but limits your withdrawal frequency to 4 times or something. can refer to HLB website.

This post has been edited by adele123: Dec 31 2015, 03:28 PM