i thought 6 months Term Deposit-i 4.5% p.a. promo has expired on 29 Feb? Can't seem to find this on their website anymore?

is this 5% promo comes with investment requirement, i.e. FD-i type? Still available?

still available?

then no point liao

need at least 30k in the advance a/c, to enjoy 5% p.a. FD for 3 months only.

i think the adv acct must be >=30k, then u can place a separate FD for 5% pa for 3 months

offer no more liao?!?

but i check on PIDM, bank simpanan is not a member?!?!

Are all the banks' promo rates subject to change when the Overnight Policy Rate changes? I saw the footprint on several offers like Maybank, PBB etc etc.

I am looking for conventional over the counter FD (i.e. not eFD etc etc) with following features
1) straight forward rate (don't want those effective rate as a result of step up, roll-over, what + what type because save me hassle in case the real rate differs from the published effective rate)
2) any that is not subject to downward revision as a result of revised OPR? Not sure this is available since OPR is bank negara rate
3) PIDM insured
4) tenure >=12 months (+/- 3 months can consider)
5) no requirement to park a stipulated funds in another a/c like CASA etc

Which bank has the best promo rate currently that fulfil the above? Tq

This post has been edited by kopifan: Mar 3 2016, 03:29 PM

i know the 8m 4.38% promo during CNY is step up type, but also not sure about the 12 months mentioned by genx

ok tq. i saw the RHB offering FD/CMD-i 4.45% for 12 months. The FD is conventional FD right. I am not interested in the Islamic Commodity Murabahah one
Maybank 12m effective 4.38% pa Any idea if this is a step up type?
Looks like the highest straight forward conventional FD are by
1) BSN 12m (4.5%)
2) Alliance 3-9m (4.35%) but needs 50k
3) OCBC 15m (4.3%)

I only saw the 8 months step up type FD/IFD-i CNY :Prosperity Shine Your Way Campaign @ 4.38% p.a. but already expired end Feb

i m ok with islamic FD just that I want straight conventional FD, not those GIA or commodity related.

This is great info thanks

Once the 3 months up, can I auto renew at 5% pa for another 3 months? of just 1 off 3 mth, then after that follow prevailing board rate?

oic I thought commodity related means it is linked to some commodity investment? If it is just Islamic equiv of straight conventional FD (those non step up 1) then I could consider

This post has been edited by kopifan: Mar 5 2016, 05:36 PM

looks like for
1) straight (i.e. fixed rate, instead of those effective rate due to x mth @ x% + y mth @ y% and subject to adjustment as OPR revised) and
2) conventional (i.e. pure fixed/time deposit, and not linked to any investment be it business, equity, unit trust, commodity murabahah) and
3) over the counter FD (i.e. not eFD)

the best rate in town r
1) Bank Simpanan (12m@4.5% non-PIDM member but 100% guaranteed by government. Heard a/c opening for new depositor a bit slow?)
2) RHB (12m@4.45%)
3) Alliance Bank (3-9m@4.35% but need RM50k)
4) OCBC (15m@4.3%)
5) CIMB (12m@4.3%)

Any better option please advise tq

till end Apr

Subject to changes in OPR, means u may not get EIR after all?!?

thought no more 4.38% now 12m@4.22%?!?!

HLB now 3m@4.2%?!?! 4.5% offer over end of Feb i think