Not many people know about Bank Rakyat (BR), Affin Bank, Kuwait Finance House(KFH not KFC ), Bangkok Bank or MBSB as places for FD. More like Huh? What?
Is it safe? Not so established? Inconvenient few branches? Where, not here? Any funny inconvenient procedures?
As a result, their FD promos were not exactly hot cakes because of the above even when they have promos head and shoulders above the rest.

Opening savings account in Bank Rakyat with ATM card/internet access could be done first or together when placing new FD account with say 5k minimum in cash for monthly interest payment. Not sure if all branches follow the rule of issuing FD cert after banker's cheque or personal cheque is cleared. Usually use IBFT transfers after having SA - no problem.

For info, Affin Bank usually offers the best board FD rates and is the benchmark for comparison for board and promo rates.
Best monthly interest paying is almost always Bank Rakyat but it dips sometimes when the other banks try to get funds.

Hi, thnk you.
I was told bank rakyat, BSN FD is not protected under PIDM. Maybe this is the only concern.
Thk you.

which branch did you go to?

well it's expected..

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

Wait for me on Monday ! Have some amt to move there !     

just did the following in cimb:
3 months 4%
6 months 4.1%
12 months 4.2%

the beauty was you can withdraw in multiple of RM1k or RM10k (i forget) and leave the balance of the FD intact to receive the FD interest.

something similar to their unfixed deposit program.

for those who are not sure whether they would be utilising their FD or not, i thought it was a pretty okay deal.

hlb offered 4.25% for 12 months

Is that true ? Can anybody advise....

Managed to open 4.5%/p.a. FD promo in Affin which was not available 2 weeks ago.  Took more than 1 hour coz a lot of people. somemore initial slip wrongly printed 3.7% board rate only.  The bank staff said previously only open to selected customer but now open to all until quota filled up.
too bad the maturity date falls on a Saturday 1-July-17 and accordingly I will lose 2 days interest as can only withdraw on 3-July-17.

Is that true ? Can anybody advise....

Managed to open 4.5%/p.a. FD promo in Affin which was not available 2 weeks ago.  Took more than 1 hour coz a lot of people. somemore initial slip wrongly printed 3.7% board rate only.  The bank staff said previously only open to selected customer but now open to all until quota filled up.
too bad the maturity date falls on a Saturday 1-July-17 and accordingly I will lose 2 days interest as can only withdraw on 3-July-17.

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.

Is the placement amount substantial to get the pen?

Deal Hunter can you write your own financial blog, instead of flooding this topic with your vague writeups?

good points esp number 2.      transfer limit 10k, 30k, 50k per day depending on banks. lose interest if got to transfer few times/days.

Hi guys,

As we know, MBB eGIA-I is yielding 4%pa, even if we uplift within a day. Deposit today, uplift tomorrow, we will get interest with the principal. So what if we uplift and redeposit daily, will this mean we get daily compound instead of monthly?

70+k

Congrats on catching the promo in time and getting 367 days interest.   Probably close Hari Raya. Don't worry bro. Affin Bank is one of those decent banks that will pay you 2 more days interest at your placement rate of 4.5%.

In general, any placement on a 12 month FD placed on a Friday till end of this year will be uplifted on Monday with extra 2 days involved (unless Monday is a holiday). But make sure you place in a decent bank like Affin Bank and Bank Rakyat to enjoy the extra 2 day bonus interest at the placement rate without any hassle.  

mind asking which branch? 

Affin Bank 4.5% FD (special)

Available branch (as said by fellow forummers)

Affin Bangsar, Cheras, Subang Jaya, Shaftbury Cyberjaya, PJ New Town, Bayan Baru (Penang)

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

bayan baru in penang.