I think TIA is similar to the GIA back in Maybank last time and after all these years, no issues with the promo rates so in my opinion the risk factor is about as good as FD, at most just a tiny little notch lower maybe?

I saw this too and so need to squeeze whatever money out for FD today.

2 small updates for the banks with higher FD rates:
1. Affin Bank - contacted branch and HQ, they informed the same that they no longer offer 12 months above for new FD placements
2. Bank Rakyat - in order to get nego rate of additional 0.1% above board rate, you need to contact them first 1 or 2 days in advance with minimum 50k and above placement

At this point in time, 6 months is too short, I regretted putting into CIMB & Hong Leong 6 months tenure over the past few months as initially I thought the BNM governor was joking in January when she said there is still a lot of room for OPR adjustment and thereafter got shot down for making such a statement.

So on Monday I put in whatever spare cash I had in 3 years BR 3.7% and the worst part is I don't have any FD maturing in February or March.

The first cut in January was unexpected even by analysts so by right Mar since is just 2 short months apart should evaluate the market situation first.
However, maybe analysts by now know the governor has no other measures to take and trigger happy to reduce the rate also said will cut the rate in Mar.
So my gutfeeling says it will be no surprise May will see another cut also.

I still managed to get nego rate of additional 0.1% above board rates at Bank Rakyat yesterday for amount >RM100k

I chose 3 years 3.45% pa. board rate, 5 years only 0.1% difference and feels a bit too long.

I am placing it on Monday, but prepared the email standing instruction on Friday via Xclusive centre so that I don't have to go there as it might be more than 10km from my house

I'm hoping everything will recover to 4% pa. promo interest rate range in 3 years time, else 5 years would be a safer bet.

My existing CIMB preferred FD got renewed at the rate of 3.05% 12 months, just slightly higher

Sorry, actually I meant to inform for existing CIMB preferred customers, the existing 12 months FD is automatically renewed at the rate of 3.05%.

Is it applicable to 12 months FD also?
I plan to check further on their FD and TIA promos at the end of this month

I did not stay with CIMB but instead went for BR and lock it in for 36 months 3.55% pa as I anticipate the gloomy economy will last for more than a year.

Thanks, will check but 6 months would be too short.

Before the auto-renew, did you opt for the 4.3% promo last year?
Anyway, maybe you can call their hotline to check further as last time the teller told me they will always auto-renew the FD at the available promo rate.

Sorry to hear that. I must be lucky then as I do not even know who's my current RM.

Yes, monthly. If you intend to go for it, better approach the Xclusive centre directly to request for the additional 0.1% nego rate
I noticed at branch level is very slow, the told me it takes about 1 week just to get the approval when I got it approved on the same day thru Xclusive HQ.

Is just start of 6 figure. I was once told also to apply for nego rate should be RM100k.

Unfortunately, I don't think is possible yet in Malaysia to open an account when you're new-to-bank.
I initially thought was possible with Hong Leong Bank also but IC verification at the bank is still required.

Does anyone know if CIMB 3.0% 6 months / 12 months still available?

* edited *
Finally found it at Dashboard, minimum RM 5k, should still be available till 30 April 2020

This post has been edited by gchowyh: Apr 23 2020, 01:20 PM

I'm between A & B, hoping it will be B.

I am rushing to Bank Rakyat on Monday 4 May to place some $$ before 5 May's BNM's meeting.

Back then, never thought this would happened. Next time when you put 5 years FD in BR, i'll follow you too
I should have started putting my FD to 3 to 4 years term end of last year also when BNM already starting cutting OPR rates, really regretting it now.
Must remind myself, downturn / recession estimated every 10 years cycle.

I remembered a forumer also placed in small amounts of maybe rm10k, so maybe can place in varying durations also.
The monthly interest payment from BR is also very helpful.

I just got some clarification today. In summary, there is no special rate for CIMB preferred.
The new FD rates should be announced tomorrow 13/5/2020 as they still do not know what it is and there might be a fresh promo for CIMB preferred.
I believe at best the promo can only be the current board rates.

On a side note, there is a CIMB Islamic account (Fixed Return Income Account-i (Monthly Returns)) similar to Bank Rakyat where one can get monthly interest with the same FD interest rates.