Thanks!! I think I'll take the Maybank with 4%.

No time to go to bank and do OTC transaction.

UOBM 11-month Step up FD promotion (7.3.16-30.4.16)

1-6 months = 3.45%
7-11 months =5.2%
EIR for 11 months = 4.245%
Min RM10k, new fund, interest paid at maturity.

Hi...

I wanna ask something regarding FD. Nearly 5 years ago, I was asked by an EON bank staff to put down RM3K as an FD as a requirement for me to apply a housing loan. After that, i totally forgot all about it, until last week when I register HLB Connect internet banking. When I browse through all my accounts, I stumbled upon the aforementioned FD. Please refer attachment:

I dunno a thing about FD. My wild guess is, when it reached the maturity date, I can take all the accumulated amount. Is it correct?

Thanks for info.

yes... u might wan to check with the bank if this will disturb ur loan just to be safe

This post has been edited by WhitE LighteR: Mar 10 2016, 02:52 PM

SO the question is, do you still keeping that bloody cert?

I definitely gonna ask about it. Thanks

Which brings up another question: What cert? Cannot use this screenshot meh?

Yeah, I'm so gonna dig up all my 2011 papers tonight

You shall know that hard copy FD cert is the only thing to redeem your FD.
Even previously 6 months 4.5% FD also I ended up with 2 certs. But the interest are paid monthly, so cannot see anything

I see...well, i think i should take it seriously this time and consult with the bank, due to the fact that i dunno anything on how an FD works. Last time i just concentrate on wanting to make my loan approved only.

Anyhow, thanks for the info guys. Lotsa thanks

It seems there has been a lot of discussion & confusion on GIA-i recently. Instead of answering the questions separately over & over again, I have written an article on it on my blog at http://ringgitstretch.blogspot.my/. Read it to find out more about its pros & cons and differences with islamic FDs. Read the tips section to find out how to make placement with only 1K for 1 month or less. Hope it answers most of the questions raised.

The blog has also been updated with the latest FD promos. In case you missed it, you can get 4.3% p.a for 3 months FD with Hong Leong if your sum is substantial which is much better than the latest CIMB Fixed Deposit & Current Account Campaign 4.68% p.a. which looks good at first glance but the effective rate (FD + CA) is worse than the FD board rate of many banks.

What is opr is layman term?

Overnight Policy Rate (OPR) is an overnight interest rate set by Bank Negara. This overnight policy rate or interest rate is a rate a borrower bank has to pay to a leading bank for the funds borrowed. The current OPR set by Bank Negara is 3.25

Simply put, it is a MAJOR REFERENCE for Loan interest rate and FD interest rate.

Bank Negara is likely to maintain the overnight policy rate (OPR) at 3.25% in 2016, amid weak economic factors, RHB Investment Bank said today.

In a note, the research firm said this is due to the impact of rising inflation to be kept in check by weak energy prices, a weak ringgit and weak economic growth prospects.

“While Bank Negara views that overall domestic financial conditions have remained relatively stable since the previous MPC meeting and liquidity remaining sufficient, we would like to highlight that overall liquidity has fallen with the slowing of broad money supply and loan growth to 2.7% in 2015, from an increase of 7% in 2014,” the note read.

http://www.theedgemarkets.com/my/article/r...?type=Corporate

Today went RHB, was told all promotional FD quota is finished, only accept normal FD via board rate.

Did they give u any hint on promo in d pipeline?

The answer is..so far not yet.

Goodpost. Could you list any other eGIA-i by other banks? Perhaps they can offer higher rates.

Want to promote it on your blog Capt Gen-X?

Er... actually without hard copy of the cert also can take back your fd money. Lol. Just note that there might be some fees or forms you need to give.

Not end of the world. Maybe the sifu can share abit

wah... so fast close promotion... did my rhb FD on 1/3... barely 10 days ago... nvmla... there'll always new promo around the corner.

U r rite
When one door close another door will open

Same here today. The RHB staff told me just ended yesterday, thus have to walk over to the nearby Alliance bank for the 9mths 4.35% conventional FD.