My balls saying probably Nope..

July or September Hike 🙏

Affin bank new rates

Then I deposit cash to RHB tomorrow, wait until 3.00pm for OPR announcement, standby to place 3 months FD if OPR maintain.

If OPR hike, then deposit back to KDI first 

Just asked the Rhb branch here, we have to be Rhb Premier to get this offer (AUM Rm200k).  If the AUM fall below Rm200k (after FD withdrawn), will charge Rm150 fee.  Can we cancel the Prermier status after FD withdrawn?  anyone kena charge this fee?

The branch u go, do they tell u what other criteria to become premier?

I get told need to show payslip to have 20k salary , apart from deposit 200k.....they said they stricten criteria already, I don't know is this standard criteria?

Just now AmBank manager sent me Islamic FD 11 months 4.5%.I don't have the details and last until end of March. My funds only available April hence never ask much the conditions. Please go ask AmBank. Back in Feb my FD 7 digits not even 4.4%...

Seems AmBank desperate for money now, if amount is big they can always customize for you.

I won't redo if I were u

Use 1m to calculate

2 wks = 14 days = 1649.00

Difference of 0.2% for 1m is 2k

Save the hassle. The early withdrawal next year shall 6c6c again

Anw just my pov ya

I want to say Thank You Very Much to Joeblow to introduce this FD product to us.. 

Am Bank 4.5% FD needs to place before 31 March 2023

(1) Min FD placement RM 50K
(2) Parking RM 10K, can withdraw after FD placement

(3) Need to put fund in CASA first before 31 March 2023.
    Will convert to 4.5% FD on 3rd of March.
    Can start to put in fund now.

(4) Interest earned in CASA before 3 April 2023. Am Bank will adjust the rate according to fund amount
(a) FD amount less than RM 200K ----> ??
(b) FD amount RM 200K or more  ----> 3.95%
© FD amount RM 500K or more  ----> 4.03%
(d) FD amount RM 1 Million or more ----> 4.07%

(5) Need to visit Am Bank branch again on 3rd April to sign form.
(6) Start to earn 4.5% FD interest from 3 April until 3 Feb 2024, total 11 months FD term
(7) Joint FD account is allowed. Can use existing FD account.

Example: if put in RM 220K today until Feb 2024, effective rate is approximately 4.45%.

Hope this helps 


Thank you Winterbear to introduce this MBSB FD to us..

I just placed 6 months FD at effective rate 4.2% today. No monthly interest

[attachmentid=11436454]

Boss guy3288, i am guessing what your RM meant about the deposit date is BY march 2023 not 23 march.

As post #25934 by boss joeblow mentioned, it is for their year end closing which is probably 31 march 2023. FD starts 3 April which is next financial year liao and on a Monday.

It's probably because their deposit (maybe to loan ratio) not enough, so they are actively trying to attract deposits now before their financial year closes. Their 4.3% promo has already been the highest for a while, maybe still not enough deposits so now kasi up a bit more. That is why it is stated can deposit now already as they will need to know how much funds coming in before 31 march.
Too bad timing not so nice. I will withdraw from my asm to put this but best time for me to withdraw is 3 april, else i lose 12 day interest if i do it the coming monday 13 march.

I think I heard it correctly, the AM Bank staff said can start to deposit fund now.
I was almost to take this promo, but suddenly I changed my mind. I end up place 6 months 4.2% with MBSB yesterday.
Yes, OTC only. I placed OTC yesterday. Min FD placement RM 10K.
I did not find this promo from MBSB online banking

But better Rentas, or deposit fund to MBSB saving account first before go to place MBSB FD.
If bring cheque, then need to wait for 2 - 3 days cheque clearance.

Next time, when withdraw, MBSB only allow to Rentas. Please check with your MBSB branch.

Need to open a Prime Win Saving account that requires min RM 100 to maintain this saving account.

Hai. They come up with this just after I put 4.3 into ambank

Actually last month. But you do make a point. I remember putting 4.5 for public bank. Should have just withdraw and swap for 4.8

This is a red flag for me especially with the recent US big bank (SVB) collapsed. I guess Public Bank wants to prevent a run on their banks like SVB and stop all immediate transfer out

https://www.pbebank.com/Announcement.aspx?qid=3687

PB ask to use other alternative like DuitNow or IGB

TQ

P/S: got others important information too...
Go damn read yourself (later some says I'm spamming)

looks like FD rates won't be rising anymore. Bank crisis in USA changes everything. Fed most likely is going to reduce interest rate sooner than later.

Better to lock up 12 months and 18 months FD with >4% rate now. my opinion

EPF is highly liquid to ppl with more than 1 Mil in EPF, so ur blanket statement does not cover all.... for those with more than 1mil u can withdraw online however 1st wthdrawal must be made at EPF branches only..... after that u can withdraw 30K perday (online) any amount (branch), any time, online.

Update:
I just placed this FD, update some info here:

(1) Parking is RM 10K in CASA, parking RM 10K's interest rate is only normal rate based on which CASA we put in. I put in True Saver, I anticipate
    my RM 10K parking can get 1.9% p.a. from True Saver.
    Parking RM 10K can only withdraw when we go to sign up the form in between 3 April to 7 April in order to switch the fund from saving
    to FD at 4.5%.
    If we go to sign up the form on 3 April, 4.5% FD will effective on 3 April; if we go to sign up the form on 4 April, 4.5% FD will effective on 4 April and etc.

(2) AM Bank did not give me any black & white hard copy about this 4.5% FD info after I put in fund for this 4.5% FD plan.

(3) I can notice from online banking that my fund + RM 10K parking are in my Treu saver now.

(4) According to this 4.5% FD plan, my fund in True Saver (excluding RM 10K parking) is earning special saving rate (like below chart) from today until to the day I sign-up the form
[attachmentid=11439745]

(5) When I go to sign up the form in between 3 April to 7 April (of course the early the better), my FD fund will switch to 4.5% FD, and on the same day
    I can withdraw my parking RM 10K.

My personal opinion, there are 3 disadvantages of this 4.5% plan:
(1) RM 10K parking for earmark cannot earn special interest rate.
(2) RM 10K parking can only withdraw when we sign-up form in between 3 April to 7 April.
(3) No monthly interest

Advantages of this 4.5% plan :
(1) 4.5% vs 4.3%
(2) 11 months

In conclusion, if you have FD that will mature near to month end of March, then no need to hesitate to take this 4.5% rather than 4.3% from same Am Bank
In overall, the return of 4.5% plan is only slightly better than 4.3% in my opinion.