Indeed 4.4% is very good, and no other banks keen to do more than 12 months too! However, I don't know what amount of deposit is required to get this rate. Think it varies by Branch.

Suggest you speak to manager 1st thing in morning, get the approval. Then open the savings account. Then transfer the funds in - RENTAS/DuitNow. MBSB as I know from past experience does not give same day value for personal cheques and banker's cheques. They need to wait for clearance, so it will not be possible to date the FD on 2/5 itself. (Unless they have changed policy - can someone advise?). And if dated later, will be subject to BNM rate decision and how MBSB responds to that. That is what my branch manager was saying today.

All the best!

This post has been edited by BWassup: Apr 28 2023, 11:16 PM

Maybe he will give you an even better rate, cos I am putting less than that

My account is with PJ Central. They are friendly and will call the people in charge for special rate upon request, for placement periods apart from the periods with published promotion rates. But probably need to go there in person as the general line almost never can get through. Free parking is usually available outside the building, they have about 8 reserved lots.

Today I made placement for 18 months (4.40%) and 24 months (4.45%).

Tomorrow may be a different story after OPR decision.

This post has been edited by BWassup: May 2 2023, 10:29 PM

Yes. Do request for it

https://selangorjournal.my/2023/05/public-b..._medium=Website

FD rates to be adjusted on 8 May. the amount is not stated. But this refers to board rates.

Promo rates, think PBB wont be rushing, but will see what others do 1st. It's in their nature

OPR normalisation to pre-pandemic level of 3% likely to remain till end-2023, says economists - The Edge Markets http://www.theedgemarkets.com/node/665523#...a_88mQ.whatsapp

12 month rate is up 0.05%. Affin not so gung-ho

Was there just now for FD maturity. No news got new promo or not

The 4.25% didn't offer monthly interest

Profit "UP TO" 4.25%. Are they following this?

This post has been edited by BWassup: May 5 2023, 03:27 PM

It's a contract in black and white. The staff did it, the system accepted it.

Some more the OIC/Manager informed that at least 6 other people had gotten this rate before 11am.

Bank Islam is not going to risk being sued and dragged into bad media for a few bucks, assuming that the rate was given "in error". Or maybe it is indeed 4.50%, and we'll find out in the next few days.

Nothing to lose sleep over

This post has been edited by BWassup: May 6 2023, 06:11 PM

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This post has been edited by BWassup: May 6 2023, 06:56 PM

PBB cautious, as expected. I think we are all only interested in promo rates tho.

Any update from Bank Islam?

wow. excellent service and proactiveness from BIMB!

The promo for premier is still in the website, but it was already not valid on 2 May, a day before the BNM OPR decision. They should delete offers that have been cancelled.

So who really knows what the "new" rate is?

[quote=virulence,May 9 2023, 08:50 PM]
They may have fulfilled their quota for this quarter. Might have to wait till July for better rates.

[/quote

Indeed, that was what the Mgr told me on 28 April. Quota full liao

That promo was to be until 31 May, or earlier if the quota was filled. Good rates => faster take-up.

Just have to wait for their next cycle of deposit garnering.

To be fair, Banks are answerable to their shareholders for their proiftability. They will pay what they need to, to fund their loans. They are not charities

Interest-sensitive depositors can put more in Bank Islam la, way above market now

If other banks do not up their promo rates some more soon, BIMB is gonna remain as an outlier. Might they consider revising their promo rate? Just saying

This post has been edited by BWassup: May 11 2023, 10:25 AM