yup, took about 4 business days for them to open the account and clear the cheque. 

it's too much leh.. freaking 4 days 

better deposit the money some other banks 

really surprise foreign bank can sucks like tis 

basically, 13 May (friday) wrote down details and passed the cheque.
19 May (thursday) - they called to collect the FD cert. SMS came saying "Cheque amount debited from account".
20 May (friday) - collected the FD cert, cert stated FD starts on 19 May. 

Their bankers are too annoying, they will try to divert u into unit trust, saving plans, and shit

They target those with big pockets or everyone? I have never been target before.

Today actually has RHB FD due. But looks like have to let it idle. Then next Tuesday to combine with other FD due. Not worth effort to go there just for that FD.

Now thinking phone banking of CB is good. That I can just call and terminate FD and put back into SA. Then can IBFT to MBB for the GIA-i pocket money. 

Thats why we said, go talk to your bank first.

Hi

Been lurking this topic in LY forum for a while.
Gained a lot so I thought I give back some.

I just found out the Affin Bank is giving 4.5% FD for 12 month.

branch?

inb4 dupe sape ni

FD promo by Affin Bank
T&C http://www.affinbank.com.my/AFFINBANK/medi...nza-TNC-ENG.pdf

Hi Wil-i-am,

Yes this is a different one.
The 4.5% is pure FD and for fresh fund only and not need joint "investment" into something else.

Not 5% but 5k

I know u prefer straightforward deal 

the discussion wasnt about affin at all 

FD different from last time as calculation on days basis and not month like savings with out the transactions of withdrawals and deposits.
Creditting of interest no longer at end of month or start of month but once a month as close as possible to effective date.
Differences due to miscalculations/expectations affect cash flow plans for usage or replow into other FD at the highest possible efficiency.
It is can do if got plenty of extra cash income/backup but will not get so much more.
For newbIes, ignorance is bliss since most of us will simply make some wrong assumptions, cannot be bothered to do the calculations, or do not know how to do it correctly. It took me some time from checking on the old step-up and monthly payment promos to figure out what was happening to enable me to work around and get best deals. Previouslly, I made the mistakes, but after reviewing and finding out the effects, I plan the musical chairs better in my favour instead of on luck.

So when is the best time to place step up FD to maximise interest from the banks.

He said there's a specific date each month that if you place step up FD, you will get more. Basically if more people put money on that date, bank will rugi. However that date/time of the month is not specify.

eh 4.5% meh? i tot i saw 4.3%....affin bank is rare here...haha

Interest only pay after 12 months? Or monthly into saving?

Big boss says to his financial people, "You say this special promo paying monthly interest at 4.3%  p.a ending this March is worth catching for 6 months. Just scrape the loose funds around and see whether you can place 5 million. If short a bit, no problem, can top-up. When can we do it?"
"Give us some time to arrange things, and meet any unexpected problems. Probably near end of month, can even at the end at last day as good kawan with bank manager."
Big boss says, "OK, I mark Monday 28, Tuesday 29, Wednesday 30 and Thursday 31 March 2016 for standby for the the good day?"
"All days good, boss"
"What no special good luck day like 28?"
"Err, only one bad day."
"Oh what day is that and how bad can it be?"

If you can work this one out and answer, it means you are beginning to glimpse/grasp what could be called the time factor problem - something most people are not aware of when doing time dependent calculations.