Really don't understand what affin bank trying to do one have straight forward 4.5% FD while same time have spin thingy..

Just completed additional FD placement with Affin Bank at 4.50%

Forgot to ask, will the interests be credited monthly or one time when the FD matures?

Int pymt upon maturity

sorry guys newbie here,
just to share what I been advise from a PRO FD investor.

was told if you have large amount of excessive money and not good on share market. The ways to make some additional CASH from bank is through FD.

This PRO had about few millions in FD. He share with me how he make the money grow in FD. Earlier was heavy lost on unreliable share market and he is not good on it. So he workout a better and guarantee return investment.

the formula what he told me as below:

presume the FB interest is 1 month 3.25% and compare 3 month 3.30%.

month amount interest rate        total
1        10,000.00  3.25% 27.08  10,027.08
2        10,027.08  3.25% 27.16  10,054.24
3        10,054.24  3.25% 27.23  10,081.47
   
   
   
month amount interest rate        total
3        10,000.00  3.30% 27.50  10,027.50
Most of the banker will approach you by offer you a higher interest for longer period such as 3 months onward.
But when you work out as formula above, actually if you put in 1 month FD you could earn better. (if you put the interest add in, auto renew).
And additional benefit for short term is you could withdraw any time when u require without loosing half of the interest profit. Let say tight up 6months or 12 months, and emergency need CASH.

This PRO although he is CASH cow, he still prefer split his MONEY is several FD. (he told me about 100 over piece FD document).
If any bank have special promotion you can withdrawn ASAP and reinvest even within same company BANK.
Just my humble sharing, if any above is inaccurate please ignore.
apologies for in convenient cause.

That would be after 1 year. 

That would be after 1 year. 

That's what most banks do....except for KFH where there is upfront interest

HLBB credits interests monthly into your account too. But too bad, its interest rates are very uncompetitive now. 

As reported, the best currently is still Affin and KFH....
Anybody find something that can beat the above ?

As reported, the best currently is still Affin and KFH....
Anybody find something that can beat the above ?

BR pays int on mthly basis

And AFFIN doesn't require those who dont have an account their to register one to place fd too. 

KFH still better with 4.40% pa and 100% upfront interest.....
So can use your interest to open another FD to earn extra interest......as highlighted by some.....

The only setback for KFH is limited branches

You mean if have the Spin thingy then no 4.5%? What is the interest rates for the spin thingy?

still have 4.5% but that one for certain branch only..

for the spin one, it's available all branch.. rate I see range from 3.75% to 4.5% 

Once rate printed on FD certificate, banks needed to honor the rate.. Rate change only when u want to deposit after opr change...

Once u have lock-in rates based on board/promo rate, the rates will stay until it mature