Looks like not a bad deal. Similar to the one that I have mentioned about CIMB's Klibor with 5.2% payout, which was called back by them.

5 yrs better than the 10 yrs for the old CIMB deal. Change of heart for me ?

Sifu !

Must be BIG amt ?

Depends on when or which year it go beyond the upper bound. Then ZERO interest for the placement. I have the worry for the CIMB 10 yrs one 2 yrs after the placement.

But it is a hedge against low interest.

No, subsequently no interest until end of 5 yrs ! Principal protected if hold till 5 yrs.

5 yrs based on @dEviLs.

Ya, just joined their PB recently. But I don't think it has to do with PB. The manager showed me the document but this guy is scared that I got a copy of it, haha. For internal use only.

So go ahead and confirm with them if u are interested in the rates.

I am giving it a pass.

Alliance Bank confirm 50k and above can get 4% 12 mth. Can get monthly interest. Now trying to get higher than 4%. Still waiting for approval.

Am looking for 12 mth FD instead of 6 mth FD. In view of possibility of OPR drop later this mth.

HL FPX a bit troublesome for large amt. Looking at >4%, nego with Alliance Bank now.

Better talk to officer or manager in Alliance Bank. About 2 weeks ago, someone said 100k and above can get 4%. Yesterday confirmed with their branch manager that 50k and above can get 4%.

I thought interest is payable quarterly, not monthly ?

There is a case that no interest will be paid. Did u ask the RM ? I think that is when the upper barrier is hit.

The deal is not favorable at ALL times to the investor. There are times when ZERO interest will be paid. The bank will call back if it is NOT favorable to them.

This post has been edited by bbgoat: Nov 2 2016, 03:21 PM

So u plan to go in ?

Ya, just confirmed today again. Tried to get beyond 4% for large sum, but unable to get it after the BM checked with HQ.

Did the RM reply u on the 4% ?

Thanks for the info. I also got reply from UOB RM. Cannot get the 4%.

Only one is Alliance Bank 12 mth 4% with monthly interest.

Called CIMB RM to enquire about their rates:

Edited on 3/11: For PB customer only:

For conventional:
3 mth 3.85%
12 mth 3.7%

For Islamic:
3 mth 4%
12 mth 3.8%

So CIMB 3 mth 4% rate is good.

Anyway I am looking for 12 mth. So tomorrow will be taking out from CIMB. Looking for new home for the dough tomorrow.

This post has been edited by bbgoat: Nov 3 2016, 07:24 PM

Kind of put off by the clause of OPR change. Would rather be more certain of the return.

Was talking to CIMB RM. Did not ask whether it is for preferred or not. Just ask what is the max FD rate.

Looks like CIMB is promoting short term only.

For the rates that I show yesterday, CIMB told me it is for Preferred customer only.

Was in CIMB to withdraw matured FD today.

So, for PB customer:

For conventional:
3 mth 3.85%
12 mth 3.7%

For Islamic:
3 mth 4%
12 mth 3.8%

For normal customer:

For conventional:
3 mth 3.75%
12 mth 3.55%

For Islamic:
3 mth 3.9%
12 mth 3.65%

This post has been edited by bbgoat: Nov 3 2016, 07:30 PM

In CIMB to withdraw matured FD with rate 4.35%. Got a BC at RM0.70 (PB customer rate) and RENTAS out remainder dough at RM5.30 cost. The officer was trying to sell me on their FD rates. But their rates are low for 12 mth FD promo.

Went to Alliance Bank to place for 12 mth 4% FD. Correction to my earlier post, no monthly interest. Minimum is as said 50k. They have a quota so those interested better hurry. The one with monthly interest is FD Gold with interest of 3.25%.

The Alliance Bank CS lady really has good memory, despite me having not been there for 2 or 3 years, still can call out my surname !

Alliance Bank is paying FD interest for maturity over non working days. But it has to be on auto renewal. Also we have to be there on next working day. If instead of say Monday, you go on Tuesday, then u cannot claim the "lost" interest.

Initially seeing the 4.38% Pure FD makes my heart "jump". Have started to renew FD with previous rates of 4.2%, 4.35% to 4% rate. Monday another OCBC 4.5% one coming !

But then see that the HSBC promo is only for 3 mths. Then after 3 mths, close the PB status ? By that time, FD promo rate may be even lower than 4%.

This post has been edited by bbgoat: Nov 3 2016, 08:50 PM

I have AmBank 4.5/4.6% FD's until Jan 2018 last cert. One AmBank 5 years 4.55% until 2020 ! BR 4.5/4.55 until March 2018 last cert. Affin 4.5% till July 2017. Rest are 4.45%, 4.3% etc.

First 4.5% OCBC FD maturing on Monday next week.

But that time it was close to the maturity of the promotion. If OPR cut later this month, not sure if MBB can "tahan" until maturity. Remember MBB did change the GIA-i non promotion rate TWICE recently ! So with just 0.1% more, I more rather sleep well with 4% or even 3.95% promotion.

Must be a large sum for special service by MBSB. I missed the 4.7% boat.

U are right. 3 SA with AmBank, still keeping them now.

Purpose of linking the debit card is as u mentioned. Cancelled the BSA debit card years ago to avoid any charges. Never use them anyway.

This post has been edited by bbgoat: Nov 4 2016, 09:10 AM

When u do the FPX xfer to HL for FD placement, it should be limited by the other banks daily xfer limit, right ? So if MBB's daily limit is 30k, u still can only do FPX xfer to HL from MBB for 30k in the same day ?

The FPX xfer has no charges ?

Thanks !