Went to BSN to make placement for the FD Promotion Rate @ 4.5%. No basic bank account needed, just open a FD account with interest payable on maturity. I guess I was lucky 'cos the whole process only took me 30 minutes.

Payment was done by personal cheque, effective date of the FD is 3 days later ie 14/03/2016. Checked this with the bank officer, this is 'cos FD will become effective only after cheque clearance, it this normal for those who has make same placement with BSN ?

Btw, was told by the bank officer that today is the last day for promotion rate 4.5%, new promotion rate 4.3% applicable from next week.

in this case, banker cheque is much better because you can bring it to any banks you like, when you like. you can rentas if you already have a account at the other bank, so... bankers cheque is better for fd placement

Those step-up promo is subject to change if OPR changes. So better lock up full tenure at fixed rate.

Really hate to have FD matured on 1st of the month, especially big funds (to me but sub sub sui to others  ). Have to call to know the latest promo:

UOB:
4 mth    4%
9 mth    4.15%
12 mth  4.3%

OCBC:
9 mth      4.15%
15 mth    4.3%
Promo, existing fund just top up 10k will do

AmBank:
3 mth      4.1%  min 10k
9 mth      4.15% min 20k

HL:
3 mth        4.2%  min 10k

CIMB:
12 mth      4.3%
Last week CIMB still can give 4.35% for large deposit, this mth, no more. Max 4.3% !

After considering the amt for my FD (in SCB), decided to go back to BR. Called to get nego rate of 12 mth 4.5%. Got the approval from BR HQ 15 minutes later.

So, went to SCB to withdraw FD. Last week, getting the CO in 10 mnutes. Today, still no people in the PB centre, 35 minutes !! Asked why took so long, told as relatively large, need more signature.  So the time taken is related to the amt of FD !! Shxx !! 

Went to BR. Lots of people there. Was greeted by the officer and jumped queue. Given one more Cross pen as I posted on Tuesday. More gifts like gold coins coming from HQ ..................

Any idea when the Public Bank step-up promo ending? Thanks.

Days of 4.5%/4.6% 12 mth FD from PIDM banks are gone for now. OPR to drop in 2nd half 2016 ?

hi all...received email said the ambank smart savers 2.8%pa will be revised to 1.8% starting from 1st May.

So UOB 4.3% for 12 months is last day for today..? 

In this case, better to lock in 4.3% for 15 months tenure by today.. 

Thanks for the update info, you are No. 1... Bro.. 

thx. at least 4.3% 1 year still around.

oh, opr change clause still in there.

sirs, i think first 6 mth they cannot change it once started. by next 6 mth if opr change, before the start of the second 6 mth fd 4.5%, they could change it. that is the intention of that clause. do u agree?

so low nowadays, used to get 4.6%

Q2/16 Inflation Rate 3.3, so if 4.3 highest, left with 1% peanut only.

really need to get higher interest than FD these days.
any better rate than public bank 4.3% pa for 12mths?

no 4.5% out there? 4.4%?

RM slipping again... 1 usd to rm 4.0x 

Got chance 2nd half of the year ? Lolz.

in midst of migrating.

The tricky part is only 200 iPod available. So, do u think luck is on your side ?  For 15k FD, it is a easier sum for people and attractive enough. 

No UHNWI, not me ! Will not be here if one, just talking FD only.  Nego with banks to get 0.05, 0.1, 0.3% increase of FD interest !   

I think he was referring to 5% FD rate in Malaysia.....