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 Fixed Deposit Rates In Malaysia V. No.12, Strictly for FD Discussion Only

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Lyu
post Apr 4 2016, 02:29 PM

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Wanna ask if promotion rate of FD for RHB still valid ka?

Anyone have experience in placing deposit in FD for RHB?

What to prepare ya? N what should I ask from the staff?

As I am aware, there are some banks that will renew the FD upon the maturity date without notifying the customers?

Is it true?
Lyu
post Apr 4 2016, 03:06 PM

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QUOTE(Ramjade @ Apr 4 2016, 02:51 PM)
Call or give them a visit to confirm.

Fresh fund. Fresh fund which means money must not come from RHB usually minimum rm10k. Say I want to put FD for the whatever promo rates you have. If you know the rates, even better. Make their work easier (if they are running >1 FD promo). Ignore any offers for UT/insurance (bank workers love selling products - you might get those offer if your FD value is large)

In the event need to open SA. Ask for BSA. Is FOC. Need only minimum rm20 inside. No need to pay anything. (usually banks will not give you BSA as they need to reach target for their other SA and they cannot earn anything from that BSA). This applies to all banks (free BSA). If they refuse to let you open BSA, threaten you will complain to BNM and they will give you a BSA.

Usually they will auto-renew back to board rates (3.x%) unless you specify that you want the money moved to your RHB SA. So if you don't remove the FD, you will be getting only 3.x% while maybe they/other banks are running a new promo giving 4.x for the same duration. Letting it auto-renew makes you lose out ~1% to banks.

Hope this answer some of the questions. smile.gif For other question wait for other forum members.
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Err bit complex...

SA = saving account?
BSA = bank saving account?

I have saving account with RHB ady.

If I don't want them to renew my FD account upon maturity, I just ask them to transfer all the money to saving account?

What happen to FD account upon maturity? The account will be cancelled?

Then if wanna place FD again, need to open a new acc?


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