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 Fixed Deposit Rates In Malaysia V. No.15, Strictly for FD Discussion Only

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BWassup
post Feb 12 2023, 11:02 PM

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QUOTE(kplaw @ Feb 12 2023, 10:10 PM)
She said at least keep it overnight. I argued that the tnc didn't say so that's why I withdrew out the money on the same day. I think the priority status should be captured before placement of the fd n have the rate locked. I did asked her what about my other fd with the bank mature n I withdraw out the money n the overall fd becomes less than rm200k. She said it's ok in that case n the locked rate won't be affected. šŸ¤”
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Of course. Contracted rates cannot be reversed out. Sue the Bank if rate reduced retroactively tongue.gif
BWassup
post Feb 13 2023, 02:24 PM

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QUOTE(BrookLes @ Feb 13 2023, 02:07 PM)
So that means we can only withdraw on the next day right?
Not on the end date.
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I haven't' made any placements with this extra 10k yet.

Based on the actual experiences of others as discussed in the past few days, it looks like AmBank now have a system to "hold" the 10k on the day of placement, which hold will be released near midnight when the bank does it's batch run for their various systems. And they will ketuk you if you manage to withdraw it before midnight but after they release the hold. Tho I am not sure what they can do about it because by the time they find out, it is already the next day, and we are free to withdraw it that day anyway right?biggrin.gif
BWassup
post Feb 14 2023, 05:09 PM

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QUOTE(BrookLes @ Feb 14 2023, 04:00 PM)
Just have to say. Ambank worst bank ever.
I have to go to the actual ambank center to apply for privilege status immediately.

And when I went to the counter the first time, the person did not even tell me that if I have to go to Sri petaling if I want to get immediate privileged status. otherwise might take 2 days to approve.

And I actually have to get a bill as proof of address even though my uncle one is acceptable. And they do not even accept if it's slightly torn. I mean a torn bill is not a proof of address? That even when I have evidence that I opened another account with affin banks nearby.

Should have imagined how difficult this bank is when you guy say have to put 10k overnight.

I told them immediately that pb and affin bank can make me privileged customer immediately why you cannot. I just have to put in the required amount right. And they say it's procedure. I mean. I thought we are living in 2023?

Opening an account was never so difficult even before the pandemic. When I opened my account in cimb or hong Leong
It was a straightforward process.

Like I said. People working in Banks are not there to make your life easier.
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Just venture my opinion.

Maybe after the 1MDB fiasco (and Najib's case is ongoing, with former AmBank senior managers on the stand), and AmBank being fined by BNM, guess they are being more prudent in making their checks and KYC when accepting larger deposits.


BWassup
post Feb 15 2023, 05:02 PM

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QUOTE(BoomChaCha @ Feb 15 2023, 04:08 PM)
Is this AM Bank 4.3% still available for tomorrow?
Is this 12 months FD?

Can rentas fund to place FD rather than cheque?
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Yeah online transfer no issue.

Was informed by counter staff @ Bangsar Baru branch that RENTAS needs HQ approval via e-mail (they cant give a fixed waiting time, not a long wait I presume), cheque is immediate. No idea why RENTAS "downgraded".

I also intend to do a RENTAS to AmBank next week. Cheque requires a 2nd visit to AmBanK to collect receipt after cheque clearance.
BWassup
post Feb 15 2023, 06:32 PM

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QUOTE(BoomChaCha @ Feb 15 2023, 06:22 PM)
If like this kind of troublesome with rentas, then I rentas to Affin, then get cheque from Affin, then go to AM Bank with Affin cheque.

Usually Am Bank gives me an A4 size print out as FD receipt right after place FD.

Thank you very much.. :thumbsup:
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Why not do RENTAS directly to AmBank easier la, instead of going to 3 banks. Cookie101 @ 6.17pm says approval only 15 min. Go for teh tarik nearby, come back approved already biggrin.gif
BWassup
post Feb 15 2023, 06:41 PM

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QUOTE(BoomChaCha @ Feb 15 2023, 06:34 PM)
Thank you  :thumbsup:
:thumbsup:  :thumbsup:
Hah... ohmy.gif  Okay..

But a bit worry what if the AM Bank guy who gives approval from HQ is on leave tomorrow?  doh.gif
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My personal experience of AmBank is good, they are friendly. Just that they make a simple product more complicated than necessary wink.gif
BWassup
post Feb 15 2023, 06:42 PM

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QUOTE(BoomChaCha @ Feb 15 2023, 06:34 PM)
Thank you  :thumbsup:
:thumbsup:  :thumbsup:
Hah... ohmy.gif  Okay..

But a bit worry what if the AM Bank guy who gives approval from HQ is on leave tomorrow?  doh.gif
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hahaha. I'm sure they don't depend on one approver only

BWassup
post Feb 15 2023, 07:07 PM

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QUOTE(??!! @ Feb 15 2023, 06:58 PM)
Re AMbank 10k CASA , I have withdrawn the 10k just like 1-2 hours after FD placement. Never had RM calling me as 'warning'

Rentas into account for placement no problem. Only issue is sometimes, it take hours for the fund to go from remittance bank to receiving bank.

Today, found a free option to transfer from Muamalat .They DuitNow into my Am Bank account and another bank account . Instant transfer and FOC. No 50k daily limit via online banking
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Very generous of Muamalat! Timely info, as I was going to RENTAS from Muamalat to AmBank next week. Thanks!
BWassup
post Feb 16 2023, 07:33 PM

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QUOTE(cybpsych @ Feb 16 2023, 06:51 PM)
Revision of PB eFD and PB eTD-i Terms and Conditions
16 February 2023

Dear Valued Customers,

Please be informed that with effect from 08 March 2023, there will be a revision on the Terms & Conditions of PB eFixed Deposit (PB eFD) and PB eTerm Deposit-i (PB eTD-i).

Thank you.


hmm.gif
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I thought that BNM sets the policy rate on the 2nd day of the meeting i.e on 9th March?
BWassup
post Feb 17 2023, 09:40 AM

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QUOTE(techman007 @ Feb 16 2023, 02:31 PM)
Who gives highest rate for FD for short period, like 1 month or 3 months. ? The rates publishes as 2-3% is annual rate generally or 1 month rate ?
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Affin eFD 4.00% for 4 months, started yesterday
BWassup
post Feb 17 2023, 05:02 PM

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QUOTE(CommodoreAmiga @ Feb 17 2023, 04:38 PM)
How can be flexible? Your money got locked, same like FD, except it has complicated calculations and give lower FD rates. Unless there is something here I am not aware of, I don't see any benefits at all.
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Got upside if savings rates increase tongue.gif
BWassup
post Feb 17 2023, 05:03 PM

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QUOTE(elea88 @ Feb 17 2023, 12:19 PM)
where to find this?
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I found it after logging into online banking.
BWassup
post Feb 17 2023, 05:25 PM

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QUOTE(elea88 @ Feb 17 2023, 12:19 PM)
where to find this?
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After login AffinAlways online banking, click FD new placement, and the following info will be displayed.

eFD/eTD-i Campaign

Promotion Period: 16 February 2023 to 28 February 2023

Promotional Rate:

a. 4 months @ 4.00% p.a.
b. 6 months @ 4.03% p.a.
c. 9 months @ 4.05% p.a.
d. 12 months @ 4.23% p.a.

Minimum Placement Amount for Each Certificate RM10,000
Maximum Placement Amount for Each Certificate RM200,000
BWassup
post Feb 20 2023, 04:10 PM

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Info for those still keen on AmBank 12 month FD @ 4.3% for Signature customers.

AmBank informed me that I'm still under Signature status (despite my AUM having fallen below RM200k since November last year). I'm not sure how often they review the status (if at all?).

For those who still have signature status currently despite not having AUM of RM200k, you can still enjoy the above promotion. And even better, there is no minimum fresh funds which must be deposited i.e. there is no need to top up AUM to RM200kšŸ‘
BWassup
post Feb 20 2023, 05:26 PM

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QUOTE(harmonics3 @ Feb 20 2023, 04:50 PM)
Is it possible for us to check whether we have signature status online?
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I'm not aware of it. Call centre should be able to tell you the status
BWassup
post Feb 22 2023, 10:12 AM

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just testing. testing

I posted something but it didnt appear
BWassup
post Feb 22 2023, 02:06 PM

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QUOTE(jhleo1 @ Feb 22 2023, 11:27 AM)
Well admin may perform clearance if not related.  biggrin.gif
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No lah it was related. Was replying to someone's enquiry.

Others also noticed it.

System tergendala! tongue.gif
BWassup
post Feb 22 2023, 02:07 PM

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QUOTE(minano0001 @ Feb 22 2023, 11:18 AM)
this is only for ambank signature customers right?
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Yes it is.
BWassup
post Feb 24 2023, 04:40 PM

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QUOTE(mavistan89 @ Feb 24 2023, 03:05 PM)
Rhb Premier
3mth 4.15%
6mth 4.2%
Min 50k

Rhb Term Deposit
3mth 4.05%
6mth 4.1%
Min 5k

Effective 24th Feb 2023
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wah 3 mth good for premier. How to qualify as premier?
BWassup
post Feb 27 2023, 10:17 PM

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QUOTE(BoomChaCha @ Feb 27 2023, 09:38 PM)
March, Bank Negara meeting, OPR most likely will go up? or maintain?

[attachmentid=11426771]

FD mature tomorrow.  hmm.gif  Or put in KDI first?

If put in KDI: 
(A) If OPR maintain in March, I lose
(B) If OPR increase, I win
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You won't lose with (A), unless you are assuming banks will reduce FD rates even if OPR is maintained smile.gif

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