why you guys busy searching for affin? I got 4.25% interest on top of 4.25% interest from KFH FD, i ended up with rm 400+ pocket money, which is interest's interest

U need to call them to confirm

Hi guys wanna ask,
any fd can take out anytime, with the interest count until the day we withdraw the fd?
thanks

What lucky day are you people talking about? Don't be superstitious. I only mentioned bad day to avoid in the Big Boss scenario.  Any day from 1st to 28th of the month is a good day subject to the usual rules, the period/s involved and what is needed - look at the calendar. Fail to plan or schedule properly means any cincai result also can happen. See the next installment of the Big Boss story. Don't worry if you do not understand or up to it, if don't know what you lose, you won't be unhappy or regret not making things more 88 for your pocket. Anyway, your losses won't be on the scale of Big Boss, at 500 x less at 10 k per placement. But if you are in the same league as Big Boss, you need some proper help.  

Nothing to surprise about. Been taking out maturing FDs and monthly interests from BR and sweep to Affin Bank. Keep asking for any special extra nego rate to be competitive with Affin 4.5%. No deal, so cabut. After all, banks treat money like commodity for trading (sound Islamic huh  ) and subject to supply and demand and perceptions of customers.   It is up to individual bank cashflow projections. The 4.38% with the advantage of monthly interest payment is what they feel they can do to fight funds flight.   4.4% would be nicer but maybe sound too unlucky? OPR is not really in the picture  

If I have 10k 7 days from the end of any month, I will usually forgo extra interest from placing it in a FD. Suppose the FD is 4.5%, I forgo 7 / 365 x 4.5 /100 x 10,000 = 8.63. If I sweep  this 10,000 into Maybank GIA-i for 7 days at 4%, I forgo 7 / 365 x 0.5 /100 x 10,000 = 0.96 only. (or other high rate savings account previously).
On the 1st of the month (if not holiday), I place it in that FD if it is still running. Why?

I used to be like you, and did not forgo. Some of my FD were stuck until 7 days from the end of the month, I found I had to miss out on hot high rate FD that reach quota before end of month, so I am only left with the less attractive lower rate FD at that time. So what was the use of bargain hunting for best FD deal when no available money then to place? So to avoid losing out big and regretting, I was more than willing to forgo a little amount to enable me to place in whatever best deal was available later in the future.

When my FD matures on the 1st or any other date to 23rd or 24th, I do not have  missed opportunities any more. Becuz of not having never ending fresh funds I changed to this placement policy. Income earners may never feel the problem, so cannot appreciate the problems or solutions faced by those with no fresh income but depend on FD interest. This way, I could play the musical chairs and fresh funds requirement faster and earn much more due to the higher  recycling rate and superior choice of FD rates made possible.

Of course, if you are frighten and believe that the FD rate is going down, then you want to place as soon as possible at any time.

On the other hand if you figure out how FD rates happen, you will be more confident. 

Somebody commented about the 5 million maximum condition at Hong Leong, so I just use that Big Boss and his friends story since some people find what I wrote too deep to understand. Have to change style for different audience. Actually very simple, but people keep having old stories, assumptions and mixed up between what I write and other people comment off mark. Anyway the story is for those who are in the gigantic league or really hotly getting there.

Thanks for sharing.
These are my opinions.
1) When FD interest rate is trending downward, it's best to lock in immediately whenever fund is available. The promo rate is likely to end anytime without notice regardless of "good days" or "bad days" when quota reached. Nowadays, one rarely see better then previous month FD rate upon entering a new calendar month, so holding on to the next beginning of the month is unnecessary.
2) For HNWIs, they would have spread out funds in every banks. To micro manage the funds back and forth FD > MBB GIA > FD in order to minimize interest loss while holding the fund till the next calendar month is technically not feasible. HNWI's amount exceeds online IBG limit anytime, OTC between banks is a waste of HNWI's executive time, more so must OTC only in the morning peak hours otherwise be prepared to lose 1 day interest, hence becomes penny wise, pound foolish.
3) If FD rate is trending upward, you do have a point though.

raptar_eric and aeiou228.  Readers interested in using IBG cheap transfers or IBFT transfers for FD placement. Warning - may be considered OFF TOPIC and deleted.

As usual, there are some tiny details that trip-up those who do not know or are inattentive. If you want to try and want it to work:-

1) Each of the accounts you want to use must not be dormant - meaning you need to keep them alive by CDM or ATM withdrawal or transfers between own accounts using M2U internet. If forget, too bad. it is hassle time. If you have many accounts, best to have a set timetable to keep them active and have enough service fee with gst inside depending on the periods when the bank debit the account. Unfortunately, this timing is not standardized but erratic. Your account may fall below if it executes some standing instruction like utility, card or allowances payments. Check your account status and be aware when these payments usually happen and look at the records for recent and earlier transactions (no transaction record for Kawanku Savings).
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hahahaha but when people want to discuss how rates will move, also cannot hahaha

this guy is giving valuable information about how to do things. a bit wordy. but valuable ideas. imho many ppl put off. if put off, then just dun read lah. why chase ppl away?

Perhaps we can write an email to lyn to ban those abuse the report button . ' sikit2 mahu report like nothing to do in real life '

Off topic a bit is okay for most of us here, just have some boundaries limit

We are all discussing FD(s) here, the rates, how to transfer in effective way, how to make use of the rates, etc ; and some people especially TS here just could not take things positive way.. if so, we all might create another thread..

it's not like we cannot talk IBT, IBFT.. it's related to FD.. don't u think so?

MBB just called me and said there is this United Target Income Bond Fund (UTIBF) 7 ... guaranteed return 4.8pa for 3 years. Same like FD, he says but only catch is 3 years tenure. Sounds too good to be true. Apa catch?Sorry I am really noob in these bonds thingy

OK
5K only
I am not sure leh. Of course I can ask for more info, but I trust the sifus here better then the MBB staff trying to make a sale 
According to MBB staff, no woh.

will it be jam there? Parking hard to find? Or park inside the bank parking ?

Thinking to go there, but i hate going to KL la.. especially nowadays everyday rain and flood..

Sighz.... confuse...
right Heart say go for best rate..
left heart say dun make a big fuss and just gao dim for a little bit lesser

Left heart win today

Money rot in SA for 2 days now....


Going to rain ad.. good luck peeps working in KL.. kikiki..

Maybe i will go tasik selatan bank rakyat.. i think this is reasonable. 4.38% for 1 year..
Ok la.... but the no pidm is the thing freaking me.. haizhzz

hmm where did I see this word before   

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!

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.
Who asked u anyway?

Troll? I think the biggest troll here would be the guy who posts on every thread to add to his post count without contributing any info in these threads.

Two other forummers also faced the same issue. Not only me. And I did ask over the counter in BR Jalan Tangsi. Are you really that dumb or thick headed? If you are so concerned, pm me so I can help ease your concerns.

Two other forummers also faced the same issue. Not only me. And I did ask over the counter in BR Jalan Tangsi. Are you really that dumb or thick headed? If you are so concerned, pm me so I can help ease your concerns.

you are one of them. consecutive posting to gain post count. see what you have done yourself. 

a troll calling others with the same name.   
same 2 other forummer also said they can get the monthly interest. 

aromachong may not have asked for monthly interest. 

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

tomei babx, tis is funny. bank ask pipu to come back cause dont trust them. 

bank policy, boy. so your cheque must be super big, wow, uhnwi.  

Time to take some risk for better interest rates by stocks (inb4: no pidm, lol)

YTL 5.7%
SUNREIT 5.2%
IGBREIT 5%
PAVREIT 4.45%

FD can take a backseat.

Bank Raykat give 4.38% for 12 months.