please watch T&C http://www.ambank.com.my/ambank/SiteAssets...paignTnCENG.pdf
B) Fixed Deposit Promotional Rate
7.1 FD promotional rate is open to Bank’s new and existing Retail Individual customers who have
joint FD account with their children that have Savers’ GANG Account (“Eligible Customer
for FD Promo Rate”).
7.2 To enjoy the promotional rate specified in the table below, an Eligible Customer for FD Promo
Rate is required:-
a) To make a minimum lump sum Fresh Funds placement of RM10,000 (Ringgit
Malaysia Ten Thousand) during the Campaign Period:
7.3 Interest earned will be credited to the Eligible Customer’s designated conventional current
account or savings account (CASA) maintained with the Bank.
7.4 Any deposit placements made by way of cheque(s) are subject to their clearance and will only
be considered as deposit placements by the Eligible Customers after the cheque(s) are paid
or cleared.
7.5 Any early withdrawal for placement of three (3) months and below will not be entitled for any
interest. For placement of four (4) months and above, no interest whatsoever will be paid if
the Eligible Customer makes an early withdrawal before completion of three (3) months from
the date of placement. If the Eligible Customer makes an early withdrawal after completion of
three (3) months from the date of placement, the interest payable will be half (50%) of the
Bank’s contracted rate based on completed months.
For FD Account, this Terms and Conditions are to be read together with the General Terms
and Conditions of Accounts and Services available at
http://www.ambankgroup.com/en/TermsConditi...eneralTcEng.pdf
Tenure Promotional Rates (p.a.)
7 months- 4.20%p.a.

wow looks nice can keep as collection

Yes indeed, after calculation.
Thanks alot cklimm

Last night AEC news showing one of the local Chinese newspaper, (today) headline, banks are fighting to get depositors...hope I saw correctly as it was shown in split second as I wasnt paying full attention

Only headlined on nanyang business daily , not other papers

Yesterday in BR to renew FD to 1 yr 4.28%.

They are going to have a new promo starting 2/5/2016 for 1 yr 4.3% min 25k.

Asked about the gold coin. It is 24k plated, weight 50g, commercial value unknown. Anyway it is a nice looking gold coin !

This post has been edited by bbgoat: Apr 23 2016, 08:28 AM

Maybank Gia-i Indicative Profit Rate from 16 April 2016 to 15 May 2016 is still maintained at 4%
http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

Just nice. My wish for a new promo has come true

Ya, together with the gifts we talked about before. At least the 4.3% can still stay unlike the Alliance promo !

Friends, I have a n00b question.

I've never placed "fresh funds" from other banks before and I'd like to know what's the cheapest way to do it without having to carry a bag load of cash into the bank.

Doing a banker's cheque will cost some money so I try to avoid that. Based on my experience with IBG, it has to be from one account to another right? What if I want to take up an FD promo from Bank A and I want to transfer the money from the savings account from Bank B... How does it work then?

Advice much appreciated.

Hi, banker's cheque cost is still low..highest that I know is CIMB..less than RM6(?), someone need to give an accurate figure.

As for IBG, just the normal way and more convenient if you have accounts in both banks. You IBG your money from account Bank B to account bank A. You go to Bank A, tell them you want to place FD from the money in your account. Do note that banks have certain period to conside it as fresh fund. For UOB and OCBC, it is 7 days.

u already got the answer: IBG from Bank B -> Bank A. then within a 1-3 days (recommended), go to Bank A to place for FD using fund in savings account.

before that, check the FD's T&Cs first if they accept fund from savings account. usually, they accept if the fund was transfered in 1-3 days. Some as long as 7 days. always always check the T&Cs or the bank itself.

But because I want to take up a promo, which means I have to open a new FD account right? So how to I do IBG from Bank B to Bank A when the FD account in Bank A is not opened yet?

Or do you mean i have to open a savings account in Bank A first, then transfer $ from Bank B savings account to Bank A savings account, then open FD account in Bank A by transferring $ from Bank A's savings account? In most cases, will banks accept that as fresh funds?

Regarding the T&C's, most are rather vague. For eg., this from HLB:

"Cash, interbank GIRO, new funds received via telegraphic transfer from other banks, local cheque or banker’s cheque issued by other banks which are deposited into the existing or new FD Accounts of the Eligible Customers"

It goes back to the scenario above - how do I IBG into the FD account when it's not opened yet?

I'm using CIMB. The banker's cheque costs RM6+ before GST. That's already a chunk of the interest I'm going to earn from FD. But if banker's cheque is still the best option then I may just go for it.

Hi, yes you require a saving/current account for IBG to work. In this case, banker's cheque (BC) is still the best option.

Do you have any other saving/current account with UOB/OCBC?

SCB FD matured today. 15 mth 4.5%. Have changed the Renewal Instruction 2 to terminate and place all in the JustOne acct few months back. So today all appeared and transferred amount out. Doing this saved me one trip to SCB on Monday. Remaining FD there still Renewal Instruction 2.

So now ready for some action on Monday.

Let me give you a tip on how to maximise your IBG and save time. Transfer your money the night before or before 5 a.m of present day. Go to bank after 11 a.m, your money is already there.
Cost RM0.11. If you transfer after 5-8 a.m, money will enter the other bank account after 2. Kind of tight timing.

Want to bring it to the next level and save the RM0.11? Check out UOB, HLB SA. Not sure which of their account is free.

tat depend on bank. if amount besar, then bc still better. some bank limit 10k per day ibg.

you DO NOT open fd account. the bank will do it for you.

they need your money first. hence, u use ibg to transfer from bank b to bank a. u need savings account to do ibg.

may I know what's the daily transfer limit for SCB? I have 1 FD maturing next week and thinking of transferring the balance using IBG or IBFT.