Hi guys. Thinking of going for hlb cny promo. May i know the fresh fund is one time only. Or i fresh fund few times also can. Sorry ah noob

Hi all,
Newbie here, just want to ask a quick question. Was thinking to create a Bank Rakyat account for their high FD rates. However, my Googgling can't tell me if they offer efd, as in user can put in and uplift their fds online. Do they provide such services for efd? Or it must be over the counter?

What's about Bank Rakyat? Anyone has any info about the FD rate, they used to be offer highest rate among the market.

No nego rate? FD rate going to low low level, good old days gone.....

Now thinking of buying some UT which has gone south. Still holding some cash from matured FD.
31/3

From Am
*FD Promo*

We are pleased to launch a special tactical FD/TD campaign *6 & 12months @ 3.50%* effective *3rd Apr 2020 - 30 Apr 2020 or upon reaching of RM 2b tranche.*

Campaign period:
3rd Apr 2020 - 30 Apr 2020

*Terms & Conditions*
1. Applicable for priority customers.

2. For *Fully Fresh Fund* and *New Placement* only.

3. Applicable for both conventional and islamic.

4. Min placement amount RM10k.

5. *Placement criteria: min RM10k CASA balance is *COMPULSORY*

6. This promo is available for eFD via AmOnline placement and also by counter placement.

7. Placement via AmOnline is strongly encouraged.

RM0.00 OCBC: #StayHome and enjoy 3.25% p.a. on a 10-month FD when you deposit a minimum of RM1,000 online. Valid till 30 April 2020. T&Cs at www.ocbc.com.my/FD

Sorry for the late reply, I had to made sure I could before I posted.

I do not have AmBank SA before, but I do have their CC. What I did was to download their app, using it and apply for the eFlex Savings. From there, i transferred my money to the eFlex. I have successfully gotten the 3.5% with funds taken from the eFlex acc.

No need to go branch all. I do not know if this works if you do not have any prior relationship with AmBank.

Your situation is because you had already got access to AmOnline using credit card credential.
I don't have any prior relationship with AmBank nor credit card with AmBank.
So can I open a BSA online?

For OCBC, only available for online placing and it must place via Conventional SA. You can’t do via FPX or Islamic OCBC SA. I was a OCBC Islamic SA holder and at the end I placed by open another OCBC Conventional SA. Then successful.

I did once with AmBank about 2 or 3 weeks ago, took more than 2 hours !! They told me need KL side to perform the actual Rentas.

I think depends on banks. Some banks like MBB I believe they direct key in their system. Just out of the MBB door step, already received notice from the receiving bank that fund received.

Did Rentas from BI to MBB on 13-Apr around 1:30pm OTC. Officer informed will be in by 3:30pm. Did not bother check until at night, transfer done.

AmBank this time is pretty strict on fresh fund. I was thinking of terminating FD placed within a week or so before the 3.5% was announced (3.3%). Heard from the branch ABM that HQ sent a memo saying NOT allowed to terminate old FD to go into this new promo.

So u may need to top up some fund or something. But they may have loosen up after about 3 weeks.

Yes, this is the best that I can find. Next Monday I also have one short term FD due in AmBank. Need to find a way to get back to the 3.5%.

Let us know later for your case. Good luck !

So u have successfully placed back at AmBank ? Still need to put 10k at CASA, but no need to earmark the 10k?

Last time I Rentas out the matured FD (not AmBank). But at the same time placed a new FD using cheque. So no need to go back to the same bank. Hahaha, but that was some years back.

for fd placed using personal cheque will the bank give value on placement date or check clearing date? is this the same for all banks - any one have recent experience on this?

Yes, need at least 10K in SA but can draw put after FD put in