Therefore I only stick to those banks near by house or office so that convenient to place them over the counter. Like HLB good deal at 4.2% I pun tak ada masuk anything there cos no branch near me. Hehehe. Give and take la sometimes. Driving and parking also takes time to get there, so good deal to some may not be good deal to others.

We all look at situations from our own perspective.

At CB, I was told by my RM there are still groups of RM serving Citigold customers who has FD with them (meaning RM400k or above FD for Citigold). CB FD promo like non existent except rare occasions like the 3 mth 4.88% that I had with them in Feb/March.

So those that has >400k FD (1 year board rate of 2.85%) in Citigold, why ??

So it all depends on the individual and situations. For every 0.1% difference for 100k, every year difference is RM100 interest. So each person look at time/effort/gain differently.

This post has been edited by bbgoat: Apr 20 2017, 08:48 AM

Yes. Totally agree.
Take for example bbgoat sensei here, got 600k to FPX for eFD, then you know it's worth the hassle

i got plenty of banks near my home, so no problem for me.

Another SMS from Affin:

For 500k and above 4.25% for 18 mth. So Affin is another bank that we can nego with before FD placement.

hey all...

would you get taxed if you sign up for 100k or more FD?

cheers...

FD returns are non-taxable.

I finally decided to go with CIMB last week, but not after debating with the teller at CIMB that 4.2% 12 months promo pays monthly.

U are their Preferred customer also? Opened CA?

that's great news, dunno where i read FD above 100k is taxable...but i think it means interest earned 100k above is taxable...

Used to be taxable.
But the tax rule changes every year.. so now not taxable unless under corporate

One of the things I liked about BR, CB and UOB is they adjust FD maturity to next working day. So I have FD placed with BR on 22 April which maturity date has been auto adjusted to 24/4.

But now with the public holiday on Monday, lets see if BR adjusting them or paying the extra 1 day interest.

when my 4.5% p.a. 12-mth RM50K FD matured on a Saturday, I asked for the 2 days' interest from the BR staff in the USJ 9 on Monday & she & an officer said that their system will add in the extra days' interest... & it came up to 10 sen!

But during placement time, it would have been adjusted to the next working day like Monday (unless Monday is another public holiday) ?

For the case I mentioned, it is NEW public holiday declared by government.

keep us informed if BR will pay the additional day's interest.

How about the question I asked about your Sat BR FD maturity ? It should have been moved to Monday, at least.

Nope, it wasn't moved to Mon & I didn't realise until it matured!

SO much for their "automated system"!

This post has been edited by giko: Apr 21 2017, 03:08 PM

I guess then I was "lucky" !

So far have not experienced problem with their moving to working day issue on FD maturity.

Just April month, I have 3 Mondays that the FD matured (moved to Monday). "Unfortunately" next Monday one turned out to be a NEW holiday.

I am their new Preferred customer & yes opened CA but without cheque book & ATM card.

UOB and BR had been adjusting all my Friday FD placements for 1 year to mature on Monday for extra longer periods.
The interest for the extra 2 days is creditted separate from the normal interest maturing 1 year later on Saturday for UOB. Usually paid extra 2 days besides the 1 month interest up to Saturday for BR payment of interest monthly FD.
.
In the case of BR FD maturing on the new Israk dan Mikraj holiday on Monday 24 April, please tell us whether creditted as 2 days interest, or 3 days interest, or 2 days and 1 more day interest so that we know what to expect especially for NEW holidays.
The question is related to what happens on specially declared one time holiday for a variety of reasons like election, celebration of sports win, funeral, installation, etc.


This post has been edited by Deal Hunter: Apr 21 2017, 04:51 PM