I called EPF in Feb, was told effective this year salaried workers are not allowed to contribute separately. The 60k is meant for self employed.

Am bank is customer friendly on fresh fund requirements . Since True Saver rate drops from 2.8 to 1.8%, transfer my money to the 6 months FD 4.25% promote rate, rm500 ( min rm10k) or 5% of FD to be kept in saving account. i use True saver as it gives 1.8%..

For 6 months i think this is the best rate

This post has been edited by gsc: Jun 6 2016, 04:32 PM

It is 5% of FD, min placement rm10k, min is Rm500 to be locked in for 6 months.

You are right , the effective rate is 4.13%. for senior citizen, interest is paid monthly. The plus side is entitle to participate in the car draw competition.

Ambank policy on premature withdrawal, withdraw after 3 months, half the interest will be given only.

This post has been edited by gsc: Jun 7 2016, 06:55 PM

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

Went to HL to transfer out matured FD, was offered 4.05% for 12 months, no need fresh fund. But I have decided to transfer to UOB. IBG charge is RM2.15.

They have also promo rate for senior citizen, above 50 yrs old, fresh fund 12 months at 4.3% but must keep RM1000 in saving account. Didnt ask in detail coz wasnt that keen as I am trying to consolidate my FD in the most 4 banks. Moreover I didnt log in for quite some times, may be this deal already been reported

Can you instruct auto transfer to saving account upon maturity?

Or auto roll over upon maturity, once roll over, can withdraw any day with penalty of daily interest loss which is minimum compared to 1% interest lost

Not sure mentioned here or not.

HL islamics FD 4.25% for 12 months. Min rm10k. Promo ends Sept or when quota met

Thanks, I am aware of this applies to all banks. I asked the bank staff, do I need to open Islamic saving account if I already have conventional saving account, she said no need but I saw one member said yes. Yesterday was a long wait in HL bank as many people placed FD there.

Overlooked my Ocbc matured on 17 July. Yesterday went to HL bank, was told 4.25% no longer available. No wonder didnt see the crowd.
Only Islamic FD 4.1% for 6 months, interest credited either monthly or upon maturity. Opened Islamic account FD, everything done in less than 10 minutes.

There is no HL Islamic branch. Islamic FD is a product which can be placed in any HL bank. Most banks have both conventional and Islamic FD. BNM will reduce further the OPR this year to stimulate the economy if the 25 basic points does not bring in any positive results. Reducing further OPR will make ringgit depreciate and this is the factor which BNM needs to consider before having another round of reduction.

In view of that, it is better to lock in 12 months rate if one does not need to use the money. Cash is king now in property market.