Auto renew as usual but at what rate? Normally isn't auto renew worse off compared to OTC redeem and replace?

SOME REVISED OPERATIONAL SOP FOR FOR BANK RAKYAT FD AND SAVINGS

Bank Rakyat FD cert is always auto-renewed in the system. when you look on-line on maturity day.

No choice allowed to put into CASA on maturity date. This is a weak point compared to some other banks.
Your only choice on FD application is how you want the profit to be handled. The default is add to principal and auto renew at board rate at maturity date for the same number of months.

Need to go with cert to redeem or get promo rate as no eFD in their internet system.

Operation method improved for OTC uplift and renewal at nearer branch instead of home branch too far away. Now can redeem bigger FD more than 50k and place promo date backdated to maturity date at branch nearer to you with new FD account number at the new branch in one go instead of delay to process matured cert. Hope this as told when ask about above 50k will be correct, but definitely OK under 50k. But must make sure have the original cert as they are not fully digitalize yet.

The reduced number of bank staff take shifts in Covid times, so any follow-up in next 1-2 days may probably be handled/answered by somebody else. It may be advisable to get the names of who you are dealing with and the more permanent higher supervisor in case of confusion.

Even passbook now no need to sign on passbook as depend on electronic thumbprint this avoiding inconvenience when have joint savings accounts.

DuitNow instant transfer from other banks to Bank Rakyat is okay if you want to inject fresh funds for FD placement or top-up. Can be done in morning and checked online before showing up at the branch.

The maximum daily limit is 50k for transfer out from Bank Rakyat using DuitNow Instant Transfer, Jompay or IBG.

This post has been edited by Deal Hunter: Jul 27 2021, 06:07 PM

MBSB FD promo

6 mths @ 2.2%
12 mths @ 2.4%
15 mths @ 2.45%
24 mths @ 2.55%

AmBank

6 mths 2.40%

Likely to be auto renewed to board rate. The BR code for 11 mth FD is different, in online system. If u have the current
11 mth FD promo u can compare the "code" in their online system.

That was how I checked that my FD was changed to the promo rate. After WhatsApp and email instructions to BR personnel.

Is ambank 2.40% eFD?

I know is OTC from the branch, but not sure about eFD.

Haha, got RM50 by placing in HL TIAi, but not sure when and which TIAi placed. Others also got it ?

HLB:Congratulations! Your Cash Back of RM50.00 for TIA Contest Raya2021 has been credited into your Savings/Current Acct. TQ

probably this https://www.hlisb.com.my/content/dam/hlisb/...tion-tnc-en.pdf

Congrats!

Looks like you're one of the lucky ones.

Thanks ! Checked, I placed on 3/5/2021.

Looks like the below clause

10. First 100 Customers who subscribe TIA-i with minimum placement RM10,000.00 (“e-Duit
Raya Winner”) will eligible to receive e-Duit Raya worth RM50.00 (“e-Duit Raya”), on a
first-come, first-served basis.

TQ !

This post has been edited by bbgoat: Jul 29 2021, 05:34 PM

is 2.6% highest around now in market ah?

since you're asking for best rate only (without any other preferences), then refer above

Sorry, newbie here. I have two questions if anyone is kind enough to answer them.

1) For the HLB FD promotion, can you only make one FD or are multiple separate ones allowed?

2) When you have chosen auto-renewal for the e-FD, is it still possible to withdraw it yourself online on the maturity date without losing any of the interest?

Thanks in advance.

1) no limit of placements, of course can place multiple times. good to spread the placements, in case emergency to withdraw before maturity

2) yes, maturity date = renewal day. your earned interest already credited. withdrawal on maturity/renewal day wont impact the earned interest.

Thanks again

Just received 0.20% bonus interest credit to my s/a yesterday 30 July 2021. It took more than 3 weeks to credit the bonus. HLB is always late.

I received too, as per tnc shown, not later than 31 July

Yesterday went to MBSB to renew FD, went for 15 mth 2.45% with monthly interest.

Someone may ask, why not BR ? Spread out the limited eggs also save going to another bank.

This post has been edited by bbgoat: Jul 31 2021, 10:15 AM

Which bank OTC highest rate now? Thank you.
Saw Ambank is 2.4%

Affin got efd promo, 12 month 2.5%

Bank Rakyat