Any brochures on Affin 4.5% fd ?

Thanks bro. Busy nowadays. Woke up as some FD due next month.

BR

Besides BR, any Banks offer 4.2% for 24 mths?

To hedge against lower rates upon maturity

I understand what u mean by "To hedge against lower rates upon maturity". But if I could get 4.5% vs 4.2% for 12 mth vs 24 mth, I will still go for the 4.5%. I already have 2 and 3 yrs FD at 4.6% and 4.5% rate in AmBank (BR 2 yrs 4.55%, AmBank 5 yrs 4.55% also).

Then why don't u get the BR 5 yrs 4.5%, to hedge even for a longer term ?

Anyway each has their own way of "hedging". 

Of coz I did lock-up 12 mths @ 4.50%
My portfolio objective is to continuously receive 'consistent' n 'reasonable' (i.e. at least 4.20%) returns in the next 2 to 3 years
Upon renewal, any rates above 4.20% is a bonus to me

I got the same thing. I think it's interest adjustment for MBB eFD FLEXI coz same amount of monthly interest was credited into my savings account on 1 May and 1 June.  1 June should get 31 days interest and 1 May 30 days interest. MBB calculated 30 days for both months. So now they adjusted it.

probably, lazy programmers fixed/hardcoded 30-day = 1 month 

imagine this for February, they gonna clawback the interest earned for February?   

how to do eFD placement for cimb and get it at special rate?

dont think these are eFD.

I noticed interest credited for the 4.5% GIA from last October's offer was short from Jan2016 onwards.

When I asked the officer she said because this year leap year - so use 366 days as a base. If you do the math, straightaway, you'll know that interest will be less than if use 365 days as a base for per annum.

I believe they have now gone back to 365 days & that's why you're all getting that small credit in your accounts. I haven't checked mine yet. I guess/hope I'll be same. But for kacang puteh like me no point getting all fussed to argue with them lah. Especially now that I think they realise their mistake

Yeah I saw y'all post about them not adjusting 7th mth onwards so I went to check lor. But shit, the diff was few sen, so I did not crunch the numbers in fine detail. Lemme check again. But one thing lar.... the discrepancy DID NOT happen only for the crossover mth iirc. Anyhow, will check with microscope again . TQ

OK boss bbgoat, I checked mine already. For my case lar, dunno about urs, I was given 4.5% in May based on 366 days on the dot ie calculations to the dot.

For  Jan 2016, I got 4%. But the base was using both 365 days and 366 days because I placed the deposit on 25th of the month ie 6 days for 26/12/2015 to 31/12 on 365 days base and 1/1/2016 to 25/1/2016 on 366 days base. The calculation was out by 1 sen only this time.

Up to you lar. If you happy, then    Else, you can check calculations like I did.

Then again, different branch may work differently... heaven knows how Maybank actually work. Also I haven't checked if they gave me any credit in June

btw, your 15 for 31 days in may at 0.5% interest diff tells me that your principal  is about 35big ones, right? If correct, then your branch actually did not change to 4.5% in 7th month. Mine did. Which tells me that is driven by branch

If you want, can PM me your start date, principal and what u actually got credited for Jan 2016 & I can do the calculations for you

Didnt log in for sometimes. Went to Public Bank, effective 20 June to end July. Fitst 6 months 4.1%, second 6 months 4.3%. Effective rate is 4.2% for 12 months. Most banks have reduced the rate, exception is certain branches of Affin bank

The Maybank answer is just an illustration to okuribito question. Those who had taken up the 4% for whatever short hedging reason/hope may think about the above implications. I am not recommending any such placement. Up to you. Personally I do not even consider any placement below 4.3% for some months already, as I will only place at the best 3 deals at any time.

Why not top deal only? Because need to do musical chairs due to fresh fund and minimum conditions.

Banks prefer 100 customers with Rm50K, instead of 1 customer with RM5 mil.

As when the 1 customer suddenly (premature) wish to withdraw Rm5 mil, it may cause hassle for bank to borrow 5 mil from interbank to pay for the customer.
Whilst there is virtually not possible for all 100 customer to withdraw premature together.

This especially when promo FD is higher than board rate, and if they launched a promo FD intend to get 1 bil deposit, they do not like to see situation ended with 100 customer x 10 mil, whereby it may resulted customer base is not spread wide enough if no limit imposed.

Fyi, last time, banks did impose Tier 1 & 2 for customer who deposit more than 1 mil, whereby interest rate for customer more than 1 mil is actually lesser than the ordinary one.

I think any bank also will reduce/cut-off your interest at high worth. I know OCBC and PBB after 1 million or so the remainder of the amount earns savings account interest (basically nothing).

Maybank Research sees a strong likelihood of a cut in the domestic OPR or statutory reserve requirement (SRR) by Bank Negara as early as July.

Maybank Research said this comes amid the new uncertainties brought on by Brexit and headwinds from its knock-on effect, with global financial markets’ volatility expected to heighten.

http://www.thestar.com.my/business/busines...ead-to-opr-cut/

So faster go grab affin 4.5% FD