how about "asking too much ................".

BR wise seems to change policy from time to time. Diff branch seems to operate differently. From not giving BC to giving then now not giving BC. Today has to do Rentas to xfer out the dough.

This post has been edited by bbgoat: Mar 29 2017, 08:42 PM

Weekday 7pm
Weekend i think 5pm

With the prolific use of online banking (transfers etc), banks are starting to discourage, charge RM2, discontinue the use of paper transfers.

2 years down the road, when the majority of population goes online, banks are going to restructure their operations, starting with the closure of branches.

Fyi, in 2016, UK closed 1000 bank branches, in 2017, they are expected to close 700 branches just because of the "online" phenomena.

It is going to happen to M'sia too, and I am sure the unions are going to be up in arms.

As you are aware, BR would be bought over by PNB soon and hence will change considerably. Good FD rates will be a thing of the past, and most likely, would be based on KLIBOR reference. It may be merged with another bank.

For those of you who have FD's > 5 banks with rm300k+ in each bank. you might consider merging it for better efficiency on your part. Look at it, rm300k+ (thus gaining the hadap PB status) is as what genxgenygenz shiok sendiri status, may not be giving you the best returns.

Put it in one piece, to nego better.

And for PIDM, it just a feel good. In reality, any bank troubles 1st takes away your deposits, and when PIDM is paid to your a/c, the bank has every right to take it away from you the 2nd time.

For CIMB FD placed from branch, anyone manage to do both principle and interest credit to account upon maturity? I was told the principle is set to auto-renew by default, it can't be changed.

anyhow, managed to place a conventional FD at 4.2% for 12 mth without being preferred customer at Jalan Sarjana, Cheras branch. The min for this rate is 100k.

This post has been edited by lamode: Mar 30 2017, 12:52 PM

Yesterday I was asked if I want to auto renew principal and interest together. But since I want to keep the sweet round figure so I opted for interest to SA and principal auto renew.

For CIMB Preferred, the minimum amt for the 12 mth 4.2% is 10k only.

That is why I only put RM10k max per certificate due to ease of uplifting at another branch. If you put RM20k with interest added to principal, for sure you will not be able to uplift at another branch as it will exceed RM20k/certificate.
They also limit the number of certificates you can uplift to IIRC 3 pcs as I could not uplift more than 3 certificates from other branch.
This is better than tiger bank where the max amount per non-branch certificate is just RM10k the last time I tried to uplift.

It seems like the requirement for PBB is not standard across the board. For example, proof of residence to open savings account in a state where the state is different from your IC. One branch simply requires you to produce a TNB/TM bill which does not need to be in your name, whereas another requires the bill to be in your name.
Some branch are very strict in definition of fresh fund, whereas another allows you to get a new FD cert if you top up 10% of face value (example: you can use the fund from the RM10k FD cert you just uplifted provided you top up RM1k to get a new RM11k FD cert).

During the last bank run in Bolehland, Bank Negara takes over control of the troubled MBF, hence the management wont take your money, and BNM wont take your money, as they were the one established PIDM

For PBB, they will ask for 10% top up. But I have encountered before just top up few hundred will do, then get renewed FD to current promo rate.

usually, did you ask service counter or the customer service for the exception?
Thanks

The PBb Sunway teller didn't give me this option after i uplifted 3 matured promo FD certs. Told me must trf out the money for don't know how many days b4 it is considered fresh fund. This sum now sits in my MBB Gia account.

Just the counter staff. They will ask u if u want to renew.

Bank branches SOP differs quite often.

thanks!

any offer for 1 year with monthly interest credit into principal ?

Looking this promo too...

Any banks offering this?
.......1 year with monthly interest credit into principal....

Thanks in advance.

This post has been edited by StarPrimo: Mar 30 2017, 10:19 PM

hey brogoat, which cimb branch is this though? How can we get it - preferred? I thought 100k to get that.

Not CIMB branch related. If u are their Preferred customer, then min 10k will do. 100k is what the other forummer said for non Preferred customer. But I think need to depends on the branch concerned.

You are referring to bail out situations where taxpayers save the bank. The use of this option no longer applies or is going to be used with new BASEL requirements. EU and Japan has abandoned it. US and China is in the process of abandoning it. Soon, it will be shunned by more countries in this part of the world.

In a bail-in, where depositors/bondholders/creditors are used to save the bank, your PIDM will also be used to save the bank.

CIMB . Opt for their Islamic FD, monthly interest NOT into the principal though, into Savings account

Got any good FD for kids?