So far, I found different banks using different days for calculation for monthly inteerst:

Using 366 days: AmBank, CIMB

Still using 365 days: BR, HL

MBB wise need to confirm again as some doubts earlier.

This post has been edited by bbgoat: Mar 1 2016, 08:38 AM

does the interest differs much for that one day calculation?

Exact to the dot. Except MBB, thats why not too sure.

Now planning for some actions tomorrow. Looking at RHB or BR if no new promotions.

This post has been edited by bbgoat: Mar 1 2016, 10:26 AM

Thank you very much. should have checked back some posts earlier.

Now it make sense... to be honest the difference, in total, is less than RM1 but just curious.

Called up OCBC PB centre to speak to leng lui on their FD promo.
15 mth 4.3%, 9 mth 4.15%, min 10k fresh fund until 30/4. Leng lui said for existing fund, just top up 10k will do.

Called HL. No more 4.5% promo. New one just 3 mth 4.2%, fresh fund, min 10k.

So looks like still RHB or BR for me. BSN wise some concern as expressed by others.

Oh, likely to add in to KWSP.

This post has been edited by bbgoat: Mar 1 2016, 11:02 AM

Just opened a 12 mth FD with RHB... 4.45%...

Called UOB PB centre:

5 mth 4.05%, 10 mth 4.18%, min 10k, till end March

promo rates going down .....................

This post has been edited by bbgoat: Mar 1 2016, 11:30 AM

Hi

Do you need to open savings account for the FD placement?

I already have a SA... yes... u need a SA to credit the interest...told this by the RHB officer.

Rates going down, just transfer the money to another. Your loyalty should be with your money and not the bank.

Some people just do not know to keep their mouth shut. Advice not needed.

unker goat need yr advice?

keep repeating yr line, dun give free money to the bank.............................

It's entirely up to him whether he wish to get more money or whether he want to maintain with a bank which give lower interest. This is because gaining extra few days of interest can buy 1 dinner for family and few % difference in interest cost few hundred ringgit in losses

dun u think he knows about tis? unker is more experience than u, hnws.

u kay po chi again.

Thanks for the effort. No 12m promo from UOB?

Ya, some people thinks they knows all. Tried to advice everybody.

I have already said much earlier that I may go for KWSP, RHB or BR.

Ya, no 12 mth promo from UOB based on what I heard. Only 5 and 10 mth FD promo.

So OCBC beating UOB with their 4.3% 12 mth FD. Even MBSB advertising at lower FD promo rates in the newspaper.

Trend seems to be lower FD promo rates. Big Bones will be disappointed.

This post has been edited by bbgoat: Mar 1 2016, 02:50 PM

It looks to me that banks are lately towards the direction of offering promotion rates for shorter period of 3,6,9 months and some odd period of 4+4,5,10 months.

Is this an implications that interest rates will further reduced by Q3/2016 onwards ?

New promo from Affin, tenures range from 3 months to 13 months.
3.85% - 4.30%


Check out my blog for more info on Affin promo & other promos: -

FD Promos for March

Good !

Please add in more info as time passes !

RENTAS transferred from bank A ~10.30am, then during lunch hr, found bank B received aldy.

managed to open fd on the same day

This post has been edited by nbi: Mar 1 2016, 06:35 PM