Happy Chap Gor Mei and million thanks to Ah Siang for all your effort

Wishing everyone a huat year ahead

Actually, currently 1k also can put FD promo in BSN. 1 year 4.5% or 5 years 4.75%. Refer to page 1 for more info. If you want to go for e-FD, can consider Public Bank e-FD promo 3.6% for 1 year.

I think UT is much riskier. If you can tolerate the risk, fine. A lower risk option would be to invest in Maybank's GIA-i with indicative profit rate of 4%. You can withdraw at anytime with no penalty on the profit rate. You can even do placement & withdrawal online (eGIA-i) if you have an existing Maybank account. However, there is no PIDM protection as the profit & principal is not guaranteed. Higher risk than FD and lower risk than most UT in general.

Do not underestimate the value of 1k especially when compounded over time if you start young. If you can save 1k every year & do not withdraw it & let it compound over let's say 20 years, you would have a substantial amount by the time you reach 38. If you can save more, let's say 1k per month, the amount will be even more substantial. Better than getting those savings plan as you can withdraw the money anytime when you need it. You just lose some interest. Hope this helps.

just did it.... thanks for the informations

Is the Hong leong 4.5% 6 months still available?

For RHB, its 4.45%/12mths for all branches..not just selected branches..just called rhb customer service to confirm this..

yes, my friend just place a fd with this rate

I totally forgot about BSN 4.75%.

I totally agree with this.

That's why I kira until RM0.11. Btw, you forgot to mentioned put FD is better than spending that RM1k.


efd usually same interest as board rates (damn freaking low). To get efd, you need to open online banking with the bank you want. Then make sure your SA have sufficient money. Select efd and they will straight place it online. To uplift, just select uplift. Not all banks can uplift online efd is useful for 1 month FD. No need to go to bank, waste petrol and time for the interest

This post has been edited by Ramjade: Feb 22 2016, 02:08 PM

only for islamic only same rate too.

I went last Monday, still ada

supposed to be till end Feb, islamic fd.

yes its still available with islamic. had the worst day ever at seremban branch, waited for 2 hours! and still not my turn. its full with older crowd opening fd's. at last could not stand anymore and went over to ocbc and put in 9 months - 4.15%, done in 20 minutes.

Bro,

BR 4.55% for 24 months is just a promo rate so you can still opt for the monthly interest.
I already did for 2 of my BR FD renewals. Tip: though is supposed to be fresh funds but you can just renew by topping up abit more to get the promo rate

Don't forget to enter the SMS contest to stand the chance to win either a TV, fridge or shopping vouchers ya

UOB New FD Promo:


This post has been edited by BoomChaCha: Feb 23 2016, 09:32 AM

Ambank - Golden Gifts Promotion [ Ambank | T&Cs (EN) | T&Cs (BM) ]

Special Fixed Deposit Rate: 9 months @ 4.25% p.a. , min RM10k fresh fund

Would like to ask anyone here with experience with HSBC Advance current account. Did you need to close your Advance account to avoid paying the RM10 per month account fee after withdrawing the 5% promo FD?

I transferred all my money out from the account after the maturity of the 3 months 5% promo FD meaning the account balance is RM0 now. So, would the account be automatically closed after a while or do I still need to go to the branch to close it manually? Would I still be charged the monthly fee if I leave it as it is currently. Thank you.

This post has been edited by Nom-el: Feb 23 2016, 12:56 PM

should your account has overdraft facility, your balance will be -RM10, you ended up owing the bank money

Better go and close. Or u could convert to a statement savings but conversion is slow. After I sign the form for 10 days the hq still not yet convert and they continue to charge me 10.60. So I lut them kow kow and cc the email to bnm. After a few days my account is converted and 10.60 reversed from my account.

For my case, i opened another basic saving account along with the advance, in case i need to close it, i can fall back to the bsa

Anyone noticed CIMB now have no promo for FD? How will they survive oh?

they can survive. some banks like citibank also no fd promo.

they are even eager to loan out money. pre-approved!

This post has been edited by yygo: Feb 23 2016, 02:08 PM