only risk tat i see is paying <4% for the interest.

today go to hl bank 3 mth 4.2% and 6 mth 4.5% all fd promo is not availble ...

So it ended already? Is it specific to that branch only?

Damn pity. I just thought of going there next Monday. Probably just wait for March promo then...

This post has been edited by WhitE LighteR: Feb 26 2016, 03:16 PM

What is the difference between Mudarabah Investment Account & Islamic Deposit Account?

Both under GIA-i

i guess you're opening a new eFD account.


i'm not sure which one i chose earlier. the screen below is what i get:




**Update: Nom-el did explain the differences here.

This post has been edited by cybpsych: Feb 26 2016, 11:24 AM

Precisely. Even IBG fees of RM0.11 also I count.

So when placing FD, select GIA-i eFD from the drop down menu right?

This post has been edited by Ramjade: Feb 26 2016, 11:23 AM

see screenshot above this.

Looks like interest rates offered by banks for FD are slowly falling. Could be a positive sign that the economy is improving or because Bank Negara lowered the statutory reserve requirement.

To open this GIA account need to go to a branch first?

public bank fd is due on Saturday, so going to lose the Sunday interest, right?

plan to move it to BSN fd 4.5% a year, if use banker cheque, will have another 3 days no interests for cheque clearance. so, plan to use pb counter service to transfer it.

any better suggestion?

this is eFD, not traditional FD.

however, when you're new to open eFD in maybank, it will take about 1 day for the account to be created. but effective date is unaffected.

Rally take 1 day? I remember when I first open my first Islamic efd with maybank about 1 year ago, it's instant.

IINM, NEW NEW eFD account wont be created immediately (for each type of eFD, e.g. Islamic, Conventional, etc.)

MBB assign new account number for each type of eFD, which is the reason why it takes 1 day.

subsequent placement, shall be immediate cuz no need to create new account.

Yikes... it irks me out when seeing people going high and low trying to save anything lower than rm 1..

Really tak boleh tahan.

Focusing to save from an operation cost of rm 100k will be more feasible to spend your time on than spending time cracking head on how to save rm1 and lesser, wad more to say, rm 0.25 (your fd case) or rm 0.11 (your ibg case)

Maybe you are still a student for now, got many time... haha.

It will come a time when u realize these are really wasting time.. haha..

Sorry if i oT.. but i really tak boleh tahan..

some pipu need to learn time is money. use time to make more money but not cents.

BR has revised their pre-mature FD withdrawal policy since 1 Dec 2015. The revised policy has penalty.

RHB requires you to have a CASA account and the interest will be deposited to CASA upon maturity.

just a std one, same as other banks. nothing really harsh, not really a penalty as such.

Folks I asked at KLCC maybank today and apparently the 2 month FD promo is no longer available.

Only the 12 month 4.22 that's been previously informed.

EDIT:
I asked at maybank ampang park and they still have the 2 month promo but only for Islamic FD. Gaah always trust but verify !

This post has been edited by langstrasse: Feb 26 2016, 03:11 PM

http://www.thestar.com.my/opinion/letters/...-is-ridiculous/


Friday, 26 February 2016
Midnight withdrawal ruling is ridiculous


I HAD two fixed deposit certificates with a local bank, bearing the due date of Feb 23.

On the due date, I went to the bank in the morning to withdraw my money.

The teller struggled for a while unable to execute the withdrawal.

Then an officer said there is a new directive from headquarters.

Withdrawals can only be executed at midnight on the due date.

But is the bank open at midnight?

Who would execute my withdrawal at midnight?

Nobody. So, I was told to come back the next day to get my money.

And the bank got to keep my money for free for one day!

I am just a small time senior citizen with my few thousand ringgit in fixed deposit.

But multiply this by the many other bank customers, and it could be a lot of interest-free money for the bank every day.

I wonder if Bank Negara is aware of this and has given its approval? I should write to them next.

Furthermore, there was no official notification of this new procedure.

Is this how the bank treats its customers?

What if I needed the money desperately that day?

The bank has definitely let its customers down.

MS L. M. LOKE

Petaling Jaya

It is correct, the withdrawal can be made after midnite, ie. 1201am, Feb 23rd.

If you went there on due date, then it shud be in the SA or ready to cash out at counter.

Which bank is this? Employees there deserved to be flogged.

And correction- FD depositors are not customers. They are suppliers (suppliers of capital). Banks pay you interest!

Customers are those who are debt ridden and with tagline in-debted to bank for life.