On Friday,went to BR to termnate FD. Their old offer of 12 mth 2.6% still running. The officer was lamenting that their FD offer should change soon, said has to wait. But they seems to know Affin beat them at it.

No BC from BR, can only do Rentas. Paid RM5, but it was FAST. By the time I walked out and checked Affin Bank online, mollah in already.

Opened Invikta account in Affin, did 1 year 2.9%. It seems to me incremental wise, the better option. Though I has been doing 3 and 6 mths FD recently.

Affin Bank *ISLAMIC FD promotion rate* FOR INVIKTA CUSTOMER:
3 months 2.35%p.a.
6 months 2.55%p.a.
9 months 2.65%p.a.
12 months 2.90%p.a.

Talked to their mgr, can only get half yearly interest if placed for 13 mth 2.90%. Does not looked attractive vs monthly interst. Esp OPR expected to go up again. So still opted for 12 mth 2.9%, interest at maturity.

Not sure of the maximum, only know for Invikta, need AUM of RM200k, per fd cert 50k minimum to enjoy the special rate.

Received from OCBC RM

Good Morning!
Please find below for our FD promotional rates effective 18 May 2022 :

*6 months @ 2.1% p.a.*
*12 months @ 2.5% p.a.*
🔹Min. placement RM50k (existing funds)

*9 months @ 2.6% p.a.*
*13 months @ 2.75% p.a.*
🔹 Min. of RM10k (fresh fund) required

*Applicable for both conventional & Islamic account*

CIMB

📣📣📣📣📣
*Latest update*
📣📣📣📣📣

*CIMB PREFERRED FD rate*


*Effective 17 May 2022*
Latest Fixed Deposit rate as below:-

*🔹Conventional🔹*
1 month *1.50%p.a*
3 month *2.00%p.a*
*6 month 2.20%p.a*
*12month 2.20%p.a*

*🔹Islamic🔹*
1 month *1.50%p.a*
3 month *2.15%p.a*
*6 month 2.30%p.a*
*12month 2.35%p.a*


*TIA-i Promo till 31 May 2022*

‼️6months *2.40%p.a*

*🔊 Special rate offer for limited time only. Rate change at anytime without prior notice*


💰Min deposit *RM10,000*

---------------------------------------
*CIMB CLICKS FRIA FD*

*_3 month ~ 2.10%p.a_*
*_6 month ~ 2.20%p.a_*
*_12month ~ 2.30%p.a_*


_*Terms & conditions apply*_

Asked OCBC RM, can get monthly interest for their FD promo, except please confirm with the branch if this applies to all tenures.

Till this morning HL TIAi and eFD still no change in the rates. Really slow in regards to increase in OPR !

BR looks like the same ? Next week will have to withdraw more FD's from there. Affin 12 mth 2.9% for Invikta looks like the best rates for now.

Have FD matured in BR, anyone got info on BR promo ? Will ask them later and share.

AmBank any info ?

Trying to compare few banks, right now Affin 12 mth 2.9% seems the best for me. But if there is 2 OPR hikes, then the 12mth rate may not be attractive.

Checked HL Connect, they have changed their FD and TIAi rate. But small amount compared to the 0.25% change in OPR.

FD 3m 2.15%, 6m 2.25%, 12m 2.45%

TIAi 3m 2.30%, 6m 2.4%, 12m 2.65%

Have to drop HL for now.

Update

BR said still old FD offer.

AmBank no new FD offer.

MBSB 12 m 2.65%, 15 m 2.70%

BR system down. What a disappointment. Unable to withdraw fd.

Update, up now, hopefully stay that way, has to go to another branch. Somehow fd "crash" ended up same day, 2 branches fd matured.

This post has been edited by bbgoat: May 24 2022, 11:12 AM

The second BR branch that I went to, not enough time to do rentas, so has to do IBFT online xfer 2 times. Second one has to do the next day, causing me to lose one day interest and place online FD. Instead of FD the same day on Tues.

Still went for Affin 1 yr 2.90%. However Affin just launched new system, damn slow ! I heard there are people waited for more than 2 hrs. Luckily mine within an hour as RM helped to prepare the paperwork. Some how Affin need to improve their system (FD placement or related system). Hopefully gets better later.

The last time I was invited was like years ago to Raya Open House. All these seems to be branch related, their branch budget maybe ?

This post has been edited by bbgoat: May 26 2022, 09:45 AM

Interesting, just received SMS from one of the BR branch that NEW FD promo

12 mth 2.6%, 24 mth 2.8%, until 9/7/2022

I thought this was old promo before OPR increase ?

So, looks like have to even pull out more FD from BR in June.

Monthly interest ?

I did not encounter any issues on last year for those renewed vis WhatsApp. Already terminated some of them last 2 weeks or so.

Unfortunately they dropped it. Now looks like going to UOB 12 mth 2.75% with monthly interest. Though Affin is better, but have to avoid too much eggs in same basket. Also Affin new system not sure OK already ? Last week some customers waited for 2 or 3 hrs !

This post has been edited by bbgoat: Jun 2 2022, 12:10 PM

Ya, I saw the old BR cert in their system last year also. But the "Certificate Value" in their online system is showing as "0".

UOB wise, if u are their PB customer, I think they are offering "top up" bonus for customers, to their PB level. Due to customer AUM falling below requirement. Something like RM200 bonus. So topping up with FD may get u that extra.

I am going for it next week.

AmBank latest

FD/CASA 70/30, 12 mth FD 3.76%. Equi 2.7% to 2.95%. Can get monthly interest for those above 55 years old

MBSB

FD/CASA 70/30, 12 mth FD 4.12%. Monthly interest only for 18 mth FD. For more details please contact MBSB branch.

Looks to me I will go to AmBank instead of UOB.

I asked Affin RM during signup, Invikta FD rates is only OTC. The Affin eFD rates do not offer special Invikta rates, even if u are their Invikta customer.

One thing good about BR is they auto adjust the FD maturity date. Though on placement date this was normally done to working day. I have FD due today, but maybe due to changes in the public holiday, this was not changed last year.

2 days ago checked still same, today shown as 7th June. So no need to hassle and ask for add'l interest.

Anyway still has to take it out and go to AmBank. When will BR revise the FD rates, Wed another FD due........

This post has been edited by bbgoat: Jun 6 2022, 10:28 AM

Yesterday went to BR to withdraw FD. Still old promo of 12 mth 2.6%.

Went to AB to place 70/30 FD/CASA promo. FD portion at 4.12%. Interest to AmStar with tiered interest. Calculated net around 2.85% to 2.95% or so.

Effective interest depends on amt in CASA (which one SA, AmStar, True Saving etc) and the tiered interest u receive.

This post has been edited by bbgoat: Jun 9 2022, 09:21 AM

AmBank 6 mth TD-i promo

*TD-i Promotion*

*6 months @ 2.50% p.a*

Offer validity:
*valid till 30 Jun 2022*

Terms & Conditions
1. min RM 10k CASA balance is COMPULSORY
2. Applicable for *TD-i > RM10k only*