Nope, no charges. I told the staff I want the most basic one, without charges.

BI very mafan, fd placement if joint account, both need to be there to sign and they take their own sweet time and maybe take turns to pray, like BR

Yes, everytime, both to sign on form and signature pad

fd promo can be terminated prematurely

// “Campaign Period” means the duration of the
Campaign which is from 3 March 2023 until 31
December 2023 (both dates are inclusive) (or upon
reaching the campaign set target, whichever is
earlier). Bank Islam reserves the right to change the
duration and/or the commencement and/or expiry
date of the Campaign Period.
//
probably this

Their system is unreliable and shows redundant duplicate FDs in my account after the recent migration. If this kind of things can happen, I don't feel safe my money with them. The new app is a also a piece of shit and doesn't even work with biometrics. And the sohai bank keep spamming nonsense about SMS TAC scam like a few times everyday until I make a complain.

The IT people should be sacked for this kind of failed migration. I absolutely lost trust with them. (Haven't mention their lousy service OTC yet....need 4 people to have meeting how to make an FD with their system for me last year).

not sure if mentioned before

ambank current promo is otc 4.2 8mth 200k min ya.

I think the minimum amount of RM500k may not be required, because  I was earlier informed that the minimum amount of FD is 10k. Please confirm this with the branch. And the promo is for every day, not just on Saturdays!

So this morning I made a placement at AmBank Bangsar Baru - 50k FD:50k CASA, and was given 8.2% for FD. Together with 0.75% for the Truesaver CASA account, the effective rate is 4.475%, as stated in the ad.

In addition, if you can meet the deposit, bill payment and spending criteria for the Truesaver account, you can earn up to 2.5% on The Truesavers account, thereby achieving an even higher effective rate =>https://www.ambank.com.my/eng/TRUE-Saver-Account-i

I believe this is the best FD rate in the market now  
Note: To qualify as an AmBank Signature Priority customer, you need to have RM200k Assets Under Management.

If not already an existing AmBank customer, a placement of 100k FD + 100k CASA should suffice.

Can try UOB Stash. 5%-6%

https://www.uob.com.my/personal/promotions/...rcent-stash-acc

I don't have any experience of Versa. Comparing Stash to KDI Save, they are both on-demand savings accounts.

Main differences:

1) UOB being a bank, Stash is PIDM insured up to 250k.
2) Stash allows instantaneous withdrawals via Online (subject to UOB daily transfer limit of 50k). RENTAS, OTC unlimited. 
3) It is a physical bank account, you get all the usual OTC services, including a debit/ATM card.
4) Promo rate is for max 100k monthly average balance.

I believe this is the 2nd time back-to-back that UOB has repeated the promo, each for a 3 month period. This round they have sweetened the offer up to a max to 6% if can meet the quarterly criteria.

One drawback about the Stash promo is that they pay the promo interest based on incremental monthly averages over the previous month i.e. if you have an average of 100k in September, then increase the average to 200k in October, you will earn the 5% in October only on the incremental 100k. If you just maintain the same average balance in October as in September i.e. 100k, the 100k in October will earn a lower bonus rate of 2.38% currently.

https://www.uob.com.my/stash/

One way to optimise it is to keep 100k average for current month, then run it down to zero the following month by moving the 100k to Rize/KDI/Versa. And inject back the 100k the month after that. And repeat... 

I better stop here before I get a warning from the staff for going off-topic!

Discuss Stash in the relevant thread

Yes, all the banks requires Debit card if you want to use internet. That is the excuse given. But some banks don't have charges. I think my Ambank Basic SA don't have charges. I think the difference is , it only allows a few ATM transactions before there is charges while those with annual charges can withdraw as many times as required. Anyone has different understanding?

Btw, my Public Bank don't have AtM card..very old account..when they migrate to the new VISA Debit card, I didnt bother. Still can use my internet account.

not RM12, this bloody bloodsucker charge RM15 annually.

off course cannot loh, when you lose your password and you want to set new password you need your card number to prove your account and reset.

can try opening non-fee Basic Saving account and then close the with-fee saving account? (is it still tied to any fd or other loan accounts?)

come liao come liao. next is which bank ya. 😬

powerebydiscuz
EDD-ed

Usually forummers do not like longer posts especially repeats of what had been shown before.

nowdays cimb dont entertain customer on fd rates.. like 10k to 20k to get better rate?

cuz lazy to drive down just to open saving account

The unpleasant fact is that Ambank is also practicing the 366 divisor for the IBD falling within 2024 leap year. Next month you should get even less as there will not be any IBD in 2023.
Yes it is also happening to my Ambank FD.

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