Now you know why I am loyal customer of affin bank. No customer, high FD rates. Everything done quickly. Feel like VIP customer cause no need to queue up without actually being a vip customer.

Suitable for those who want a feel of VIP banking without the money involved. (comfortable chairs, cold aircon, fast service) I never placed any money in their SA except for the minimum amount required to keep it active (for principal and interest crediting purpose only . Their SA rates sucks but their FD promo rates are usually excellent (except for what they just did).

Yup. Still loyal. Still got some FDs there which will mature some where next year. Heck all my leftovers FDs are in affin bank. Didn't place any FDs this year except eFDs at 1 month tenure eFD rates still not attractive

Just waiting for some banks to come out and topped ambank and I will make the switch. Is possible since banks are hungry for our money.

This post has been edited by Ramjade: Dec 9 2015, 11:09 AM

Any idea if alliance offer interesting 1 month eFD? So how long can you play this? (After every few months or until you run out of account?)

I am only putting RM2k like that.

Chinese new year coming. Affin always have nice promo during Chinese new year.

This post has been edited by Ramjade: Dec 10 2015, 04:22 PM

If opr decrease? Say BNM raise interest rates, lots of people may default. That's going to create a chain reaction to the banks. Most Malaysian are in debts too deep.

I think BNM will cut/maintain rates. So that it won't create a chain reaction.

Affin bank's CNY promo always extend until April.

This post has been edited by Ramjade: Dec 10 2015, 04:26 PM

What you can do is upon maturity of the FD and after you have transferred your money, just close account. Always ask for bsa so that you do not need to pay for atm card.

BC is usually Rm5+ unless you are a vip customer.

Cimb bank, affin, hl is Rm5+.PB/VIP only pay few sens for BC.

This post has been edited by Ramjade: Dec 11 2015, 10:18 AM

If like that, how are banks going to sell you their products. They need to sweet talk you first.

This post has been edited by Ramjade: Dec 11 2015, 10:31 AM

Alright noted. So these banks charge damn low and cimb, hl, affin charges Rm5+.

If you cannot placed, just go for OCBC.

Mbb interest given monthly and can be added to principal which makes mbb able to give effective rates of > 4.5%

This is only valid for application before 30/9/2015. You missed the boat my friend.

Now is 3.05% with terms like you need to deposit rm1k/month and do not perform any withdrawal of else your interest will drop to 0.5% for that month. If cannot withdraw, might as well I dump into 1 month end as 3.15% or 3.25%

It depends on you whether can you deposit in rm1k/month just to get the 3.05%. Also, one need to see whether one can "locked" the money up for one month. If you can" locked" the money for a month, better go for 1 month eFD. That's the 2 reason why I didn't apply for it in the first place
(i) Needs monthly deposit of rm1k/month
(ii) No withdrawal unless you want to get 0.5% interest

This post has been edited by Ramjade: Dec 13 2015, 11:11 AM

Not only that. If one were to make withdrawal of >RM25K/year, one will need to visit the counter to do it. Kind of defeats the purpose of an eaccount

Step up or pure FD? If is really pure FD, HL have really outdone themselves. Effective rates for 1 year will be >4.5%!! first time a chinaman bank being so generous.

This post has been edited by Ramjade: Dec 14 2015, 11:41 AM

Not really. I have followed them for a while and their rates are not competitive.

Remember there's a HL bank within walking distance. Of course I used to check their rates first and then only compare to other banks (why go so far if HL is offering the best rates in town?) They have never lived up to my expectations.

Bro, if say somehow there's another same promo 6 months down the road, with monthly interest given, one will get effective rates of >4.5% (compounding interest at work)

Couldn't agree more. To sweeten the deal, it's coming from one of the kiamsap (stingy) bank in Malaysia.

The news said that ambank was fined for breach of certain regulations. It didn't mention the breach was cause by the 4.6% promo.

The statement made it sound like that. Or is it the promo help them to collect the cash required to pay the fine?