I did go in again about 2 days ago, saw u have updated more info there. Just went there again, u have added in even more info with the banners from the various banks ! Good effort !

No idea. Never ask these questions.

Heard some relative also have bad experience in Penang. Yours is in which area, town HQ, Gelugor, Sungai Nibong ?

Interested at the 4.5% but do not want to get into waiting for hours situation. Another problem I heard is no BC so have to IBG out the fund on maturity ?

The BNM statement should be on 9/3.

This post has been edited by bbgoat: Mar 7 2016, 06:01 PM

Gone are the days of 12 mth 4.5%/4.6% of SCB, OCBC, Affin, Ambank .....................

Big Bones, are you still waiting for 5% ?

Last week 1/3, I called HL, only promo available. So should be extended beyond Feb. Some forummer said till end Apri.

Yeah, quite likely for OPR to drop in second half. So better lock in a longer period of FD (1 year or more) instead of shorter ones. BR's 4.55% or BSN's 4.5% looks attractive to me. That is after putting in for RHB's 4.45% last week.

This post has been edited by bbgoat: Mar 8 2016, 08:53 AM

I sure will be very happy with 5% by year end. But I doubt that. Will be happy if the 4.5% 1 year can be kept until year end.

Was thinking of going for BSN. So now if 4.5% no more, then will have to go for BR's 2 years 4.55%. Also BSN's 3 days for cheque clearing is bad !! BR will ask u to collect the FD cert 2 days later but still start date on the same day of placement.

The trend seems to be banks are closing the high rates of 4.45%, 4.5% and moving to around 4.3%. BR wise, hopefully not ending the 4,55% !!

This post has been edited by bbgoat: Mar 11 2016, 10:37 PM

In PBB to uplift FD which matured on last Sat. The counter leng lui asked me to top up 2k to enjoy the new 4.3% (eff rate) promo. Told her did not carry that amount, then go down to 1k. Said no again. Settled at nego RM500 top up ! So added cash RM500 to get the FD renewed to current promo rate.

As to 2 days interest, asked her about it. Paid cash for the 2 days interest. Not bad. So have to ask PBB if your FD matured over the holidays.

Earlier called BR, starting on Wed, their new FD promo is 4.28% for 12 mths. Still slightly lower than the 4.3% of other banks. But can nego if your amt is high. Plan next week to go for the 2 years 4.55%. Hopefully they are not cancelling it next week !

The trend is banks are cancelling the 4.5% FD promo !! Be it reach their limit or not, hard to say. BSN, even RHB's 4.45%, all gone. Right now BR's 4.55% really attractive. Wait for me, BR !

Bank branches have been known to practice differently. In this case, it was suggested by the leng lui. I "nego" it down to RM500. Some banks may ask for 50% more for matured FD to get promo rate. But some may ask for few hundred RM.

RHB asked me to top up RM100 for matured FD recently to get new promo rate.

This post has been edited by bbgoat: Mar 14 2016, 06:36 PM

Today BR told me on Wed the new FD promo is 12 mth 4.28%. So if sum is large, may be worth it to cancel it on Wed and get the new rate.

I have good experience with PBB on FD promo. In Oct 2014 I placed a step-up FD with them. Few weeks later, they revised the offer rate UP ! Then they said for those that placed the FD earlier, the second 6 mths rate will be 4.28% instead of 4.08%. That is good of them doing that so that customer who placed the FD just few weeks ago are happy about it ! Though this is not related to OPR change, but the experience of the step-up FD is GOOD ! But the clause for OPR change could be unsettling to some !

Called UOB PB centre, confirmed that new FD promo 12 mth 4.5%. Till end of March, min 10k fresh fund.

Goodie from UOB. Originally thinking no more 4.5% thingy.

That changed my coming plan. However as part of diversification plan, will still nego with BR for higher rate.

Big Bones should be happy as 5% target not lost yet !

This post has been edited by bbgoat: Mar 21 2016, 12:05 PM

Called BR. They currently have 2 promo. 12 mth 4.28% and 2 yrs 4.55%.

Asked for 12 mth 4.5%, getting HQ approval. Likely to get it based on what I was told.

As to the 4.55% promo with SMS for contest/lucky draw, if have 2 certs of 50k each, then allowed to have 2 entries. Meaning 2 SMS for the contest/lucky draw. This is to answer one question that was posed short while ago by one forummer.

This post has been edited by bbgoat: Mar 21 2016, 02:32 PM

But I still think OPR likely to go down after 2nd half of 2016.

Want to put for 1 year only. So did not want to nego for 2 years. BR at the beginning said no nego for promo rate. So they came out with 1 year 4.28%. But this time still nego based on that. But it is for large funds for the 4.5% rate. So still can nego for their promo rate.

UOB 12 m, do not pay monthly interest. That is BR's advantage.

Well, I don't think other banks will follow suit with UOB. Note that UOB came out with this 4.5% only short while ago, until end of March. This was after ALL banks have ceased their 4.5% 1 year promo. So it could be UOB in need of funds ?

But the trend is not encouraging. BR is also ending their 2 years 4.55% by end of March.

Received call from BR. One year 4.5% with monthly interest approved.

Ya, could be that. I have withdrawn funds from UOB and moved elsewhere last few months as their rate was not competitive at that time. Just like BR, realizing their rate NG and came out with 2 years 4.55% promo. BR complained to me that the Chinese are moving their funds out, few months ago.

This post has been edited by bbgoat: Mar 22 2016, 11:22 AM

Yup, for plain/simple FD, no step-up rate.

Ha, depends on the persons. Depends on fund size, individual preference etc etc.