Pray lebih sikit lah bro.. 5% ke.. 

12 months I think very difficult to get >5%

maybe like 24/36 months possible?

For the maybank 4.5% pa FD campaign, can we withdraw it at other branch than the one that we open?

Hi guys i would like to learn how FD works is it like i keep a capital for example 500k so will i get interest of it monthly from the capital?

Usually normal FD are supposed to pay the interest at the end of tenor on maturity. However some banks have monthly interest payments as an option which you must choose during placement of the FD, subject to certain conditions.
For example, Bank Rakyat requires at least 5k and longer than 6 months, and an a account to credit the interest automatically each month.
Ambank also offers monthly interest for senior depositors. Other banks may offer monthly interest but usually specific to a particular promotion such as HongLeong current offer for seniors.
Usually the banks allow a senior to have a joint account with a younger person/s.
To avoid any confusion, place your FD not later than the 28th of the month, then the interest will always creditted on the same day each month.
Some banks calculate based on  29/365 when a  leap month occurs, and 28/365, 30/365 or 31/365 for other months..
Some other banks eg Maybank, will take into consideration leap month and use 366 as divisor.
Alliance Bank however, will divide the total interest due by number of months (promo over).
All the banks will make adjustments to the interest paid due to rounding error for each month.
To avoid confusion, you may place a multiple of RM 365 such as RM 3,650, RM 7,300, RM 365,000.

Depending on the promotion, interest can also be paid upfront, at end of each step, quarterly, halfyearly, yearly or on maturity besides monthly.
It is highly advisable to clarify the interest payment on each placement to avoid unpleasant mistakes.

Received  my rakyat xclusive welcome pack ie membercard and car sticker. Free gift is a sad looking mug with its logo.

I took BR 4.3% at 12 months last week, couldn't nego higher than this rate

how much min to join xclusive? 300k ?

more than double that ammount

though I did get a nice looking diary & pen

rates going lower and lower having my last month with 4.5% via mach HLB... gonna end soon... not sure where to place now... is it a good choice to put at 3 mths @ 3.9 while waiting for new promos? will the rates improve?? hmm

1) went to rhb today. Was told by the staff there their step up 1y fd, eff 4.25% is closed.

2) for maybank step up fd, even if opr reduces, at most would be, the campaign rates reduced by the same amount that opr reduces, right?

My point is, if OPR reduces by 0.25%, my campaign rates cannot reduce by 1%. There’s distortion then. The last time OPR increased, it was by 0.25%, savings rate went up by 0.15%.

I don’t know what’s the relationship between OPR and normal savings rate, that’s why I’m asking.

For the Gia-i, if the profit sharing rate is 70/30. Then with a interest rate of 4% we would only be getting 2.8% and the bank gets 1.2%.
Is this correct? 

Yes that's right.
(edited by request of tun) 

Precisely but I am not doing that. Later they invoke penalty or something like that worse. No more 4% SA. better I give up 0.0x% (compounding interest) than get only 1.x-2.xx% (SA interest)

sandkoh, lowyat101 please edit my post. Thanks.

Yes. Keep it a secret. Later no more 4%

Here you go.
https://forum.lowyat.net/index.php?showtopi...post&p=80333681

I see, thanks for the info. Coz Maybank still show this in their website. 

Had a pretty bad experience with Bangkok Bank (KL Branch). To open an account, you will need to wait for a few days for verification and approval. The weird part is that they will even run a CTOS check on you for FD Placement...

How much is their FD rate?