Looks like bank islam offering 4.45% but they nvr state the effective rate, in their FB page

Any best rate for 1 month?

Versa rate valid for 1st 30k only tho.

Compared to these rates, the current Bank 3 month FD rates are not competitive. And without the added benefit of flexibility of withdrawal at any time.

Do KDI Save and Versa pay interest monthly? And there are no management charges or withdrawal fees? Monthly statement sent by e-mail?

Anyone has experience with RHB FD maturing on weekend like today?  Mine has not credited to savings account.  Was wondering if it will only update on Ta working/business day i.e. next Tuesday?  Thanks

There are many types of MM funds. Some are purely FD like in which the funds only invest in deposits of banks with varying maturities, then it's considered purely FD like.

Some however went into short-term commercial papers or treasury bills or even <5 year corporate bonds. Versa and KDI fall into this category.

Government T-bills are still comparable to FD (banks and insurance companies like them a lot). Commercial papers and <5Y corporate bonds are certainly not FD-like in any case.

For example, these are very vague statements. No numbers to support. No detailed fund composition breakdown shown.



Another tip: Whenever you see the word "enhanced" in the fund name, immediately suspect the addition of short-term bonds to boost return. Otherwise, the rates would be no better than FD. 

The promotional trick of Versa and KDI is to mix up these "enchanced" products with FD and lure you to think they are comparable to FD when they are not.

Be careful of these marketing gimmicks.

Thanks, managed to uplift the FDs through RHB's new online banking site and it works, got the interest.  Old internet banking website did not have the uplift button.  Appreciate the info.

I believe I set mine to credit to account when I place the FD.  In the new website, I can see withdrawal button in the FD listing for all my FDs even if they are not due.

But RHB no need fresh fund. It can reuse the old fund for promo rate.

mbsb still got 3.9 %? want to open online savings account before then go to placement fd over counter?

open account online, what type of account should be apply?

I went to PB and try to open an FD account( I already have saving account with PB few years ago and still active).

The officer there take all necessary details and said I hv to wait up to 2 weeks to get the approval to open FD account, the bank will call me within this two weeks. The bank ask me to keep the bank draft first, when they call, then only bank in the bank draft.

Why take so long to open an FD account ?

u should have asked the banker when u were there

The officer said HQ rules, got such thing ?

bank draft amount less than 50k !

Just try on public branch, fresh fund 3.0% 12 month
Normal rate is 2.6%
But my cimb already over maturity date, have been auto renew, cannot withdraw
Try next year

Yes, lose interest, half year

Sifu, based on your expectations of further Ringgit depreciation, in your opinion, should we then seriously consider parking some funds in USD FD, the rate mentioned before as around 4% for 6 months? 

Possibility of capital gain (but also a chance of loss  ). And Banks will chiak on the USD buy/sell loading. 

Hope this is not considered as going a bit out of topic. Apologies if so

you caused a scare for nothing.......our records  all TIA are keeping to promises...

Standard & Chartered 3 Months RM 200K FD + RM 50K saving Combo Promo

RM 200K in FD at 4.88%
RM 50K in saving at 2.9%

200K x 4.88% = 9760
50K x 2.9% = 1450

9760 + 1450 = 11210 / 250000 = 4.484% effective rate

Can get monthly interest or not? 

Until this month end...Hopefully will extend..

This S&C promo 4.484% beat Alliance Bank 3.5% which requires min RM 300K for 3 months

Need 2 people is Citibank, this one HSBC la