If people read / following the advice.. Sure will achieved quotas

bbgoat

regarding the 4.5% mbb gia which is last oct. I ask the teller to reconfirm to ensure the rate is stepped up. the branch manager call call call at behind don't know do what. And come out take the brochure which is ages ago. Show me the rate currently is at 4.0. I terus know liao, this branch filled with all stupid people. My placing is last OCT, how come still 4.0? should be at least at 7 or 8 months.

Then I say. Yea, now suppose to be stepped up rite because at 7 months. Then he jusy oh yea oh yea. correct . Ok yea. thanks. Just try to brush me off.

I am really like wtf moment there. Hope at the end of the day what I get is really 4.5%

I dont want to waste time calculate the interest.

At the end of tenure, I just check whether the interest that I get is 4.5% or not.

Let say RM10000, i should get RM 10450

Dont worry.
The 4.5% pa is paper based.
Its indicated at the paper.

Promo expired when.....sifu please advise

I go to the branch also useless. I can confirm they just act infront of me, they don't know what I meant either.
Sure sure. But in the end, who will take the trouble wait wait wait and wait, and they don't know shit about the old GIA.
If in the end really 4.0 and what you say "stated in the paper which not 4.5" they we are the dead meat. who is the winner?

don't know yet. can calculated via m2u rite? based on the reading

U have unlimited supply of monies 

Went to Ambank for usual musical chair routine. Was offered 4.15% for 12 mth to retain the fund but declined.

Totally forgotten about my previous Ambank 2 yrs promo which credit interest every 6 month. Only remember after I update my passbook

Besides Malayan Banking, Standard Chartered is another bank that uses 366 days. Number of days in 2015 = 31-12-2015 - effective date in 2015, was multiplied with the interest rate and divided by 365. Number of days in 2016 = maturity date in 2016 - 31-12-2015, was multiplied with the interest rate and divided by 366. Both interests were rounded to the nearest sen and added to give the stated interest given on maturity.

If you had paid attention to the nitty gritty of the step-up FD calculations, you should know you will not get 4.5% exactly. So if you hope to add all your monthly interests - you will be off.

If your effective date is anywhere from 1-28, (1-29 if covering February in a leap year), the bank does not need to know what is the actual effective date of each customer or placement as the total effective rate is actually the same for each particular month of the promo. Thus say you place in October 2015, there is a real common effective rate for those placing between 1-29 of October 2015. For November 1-29, there is another different effective rate figure, and so on until the promo ends. Undestandably, the banks would not like to tell you that certain months are better or worse otherwise customers may want to choose their months of placement and affect the promo targets.

However, for those who placed on say, 31 October 2015, the interest payment in February is on 29 February 2016 as there is no 30 or 31 in February and the payment must be made once each month. November, April, June and September being paid on the 30th instead. This affects the total number of days for each month's interest payment, and particularly confusing on the change of rate. Hence, the advice is not to place on the 29-31 of any month when dealing with step-up or monthly interest payments. Not only you can be confused, but even the banks may be confused if the staff or programmers do not understand that the number of days and step-up boundaries are affected due the need to pay once each month.

Yes, affin sure hit target soon.. don't be surprise if next week already hit quota...

yeah, better do some back up planning..

people are expecting OPR cut.. so they would "lock" what ever best rate available now 

don't be surprise the best rate is 4% or lower 

don't be surprise the best rate is 4% or lower 

Mownink guys! 

New Bank Rakyat FD promo starting in July 2016;
12 month - 4.38%
Min - RM 5k!

pls call 0326173800 for any enquiries.. hav a nic day

I have done
Will top up again next week

okay okay.. my mistake.. over excited with upcoming OPR rate cut 

well it's expected..

like I said previously, don't be surprise if by next week or so quota finish / target meet 

my most recent one was 60k+ and.....got an umbrella 

bayan baru in penang.

special means:
1. rate 4.5% is higher compare with board rate

2. not any affin branch have it. only the branch I listed..

oh now they open up to all branch huh..

then expect even faster quota meet 

my uneducated guess would be not a chance for a change of anything > 0.25% in the next 6 months

I thought a lot of ppl say it will be going down......

yes,...I think the chances of it going down is more than going up too...
my bets is
42.5% stays
35.0% down
22.5% up
on the next meeting

My mum just placed at Affin Bank Georgetown near Fort Cornwallis, 4.5%. Went there after check at Fettes Park not available (not sure finish quota or don't have this promo).