I got my july payout yesterday still at 4.5%. Hopefully it remains this way.

I checked, my interest is credit yearly

is it default credit to principal amount?

because my case only take interest together with principal during withdrawal

never asked monthly interest to be credited.. haha

wat is d min? i went to bankrakyat, but they didnt tell me ab it.

Wat is the tnc for monthly interest? Min amount?

Just placed BR @ 4.38% 2nd last day of promo at Kepong Branch.
No need CASA, interest given upon maturity.

Do with personal cheque, was ask to come back after 3 days to collect the cert.
First time placing FD in non-commercial bank. Feel a bit weird....

my friend placed with cheque and was asked to go back 3 days later.

maybe they want to make sure the cheque clears before giving you the cert?

I've checked with the staff today, they mentioned this promo rate is not entitle for monthly interest crediting.. Only applicable for non promo rate.. I think after OPR cut, they become stringent.. I heard a conversation of a customer mentioning she was offered 4.4% earlier but she didn't take up the offer and ask whether she can still get it, the staff told her now promo rate, cannot get better rate anymore. No negotiation rate.

Yes, I confirmed over the counter with BR tellers at BR Hq last week. No montyly interest crediting even if you have an account.

These procedures are plain silly. They could just terminate the fd if the cheque bounces. The certs are just pieces of paper. For online banking accounts like HLBB Mach, they dont even give you an FD cert.

I guess u r exclusive member.. That's y they offer u monthly interest

Really?  When I asked the staff to change the 4.38%p.a. FD cert. opened 1 week earlier to monthly interest, she told me that the new FD cert. date will start from that day itself, meaning I lose 1 week interest.. ended up I left it as it is with interest paid out only at maturity.

Yes., maybe for previous promo. No more available for current promo.
Maybe because you look like a crook?
Just joking ar bro.... dont angry ar!

Perhaps u can snap a photo n whatsapp me 

When i placed mine yesterday at BR, I was also given the options of monthly credit or credit during maturity. I chose to receive the interest upon maturity because dont want to open SA.

Well well some people cant take a joke. Well it does explain why the banks dont trust you enough. I never had  any issues issuing cheques and being asked to come back later for the cert.

is it default credit to principal amount?

because my case only take interest together with principal during withdrawal

never asked monthly interest to be credited.. haha

Ok, I will go today to place another FD and I will ask again whether they can offer me monthly interest..
Wow, thanks for the link.. Gonna go to branch and ask them to register my mobile number too.. Thanks a lots.. Coz the teller said I must have ATM card to register online banking.. Now I know the teller is not knowledgeable enough..

not bother to ask haha..

cause my fd(s) i opt for interest during maturity .. but next time will ask.. still prefer take interest at maturity

they did not mentioned 'not for this promo' too

Yea I prefer to have interest on maturity also. Easier to track what funds plus interest went where. Monthly interest won't do much since I don't survive on that.

I just place FD at BR Jln Pinang yesterday. Specifically asked to credit monthly interest but was also told cannot. The staff mentioned something like because this is a promo rate and my FD amount is less than RM50k.
And for the Internet banking thing, I also was told by branch staff that it cannot be done as I do not have ATM card. Minutes ago I called their hotline and the CS said will ask someone to provide me with temporary ID later today. Will see how it goes.

just came back from br today. asked the staff about this. she said we can withdraw the fd at any branch if the amount is not more than 50k. she also mentioned that other branches will take longer to process since they dont have your signature specimen.

sounds very outdated. in other countries, signature specimen is stored in the computer system.

so i believe the best answer to whether you can withdraw at other branches is: maybe

Ok, thought to go during lunch time.. But they closed from 12:45pm to 2:30pm, gonna walk there again later

These are exactly the reasons why I personally prefer interest on maturity.
When I am retired and have to rely interest to makan, then I would go for monthly interest....

Bad news, the branch manager insisted that not available for promo rate.. Again, it is Jalan Pinang branch.. So, no choice for me..

current gia is 3.75%  after profit sharing.  if i select 12 months tenure when i deposit, will i lock in this interest rate?

or is it possible for the rate to change if opr rate cut again ?