Interesting. I always wanted Bank Rakyat to credit principal to my SA on maturity, but the bank staff always say cannot. So far for me, only the interest can be instructed to credit to SA each month periodically or at maturity. Would be nice if BR can change.

The Bank Muamalat promo is a eFD? That would be some progress into eFD from OTC only last time. If got no internet with Bank Muamalat, maybe have to go and set up things first time or no need? I already have a Bank Muamalat SA with internet from the last best promo at BM. Luckily kept it alive and active to handle this sort of occasions. Now just have to scrape together some money and try if there is no better rate. Any one have been able to place online yet for this BM promo? Any pointers on the experience?

This post has been edited by Deal Hunter: Sep 1 2021, 05:09 PM

Still cannot credit to SA even though it is stated as such at online portal. Instead, it got renewed as board rate. So same old.

Cant comment on BM as no experience with the bank.

Ya. This promotion from BM is eligible for both OTC or eFD as told by the staff today. I did OTC FD today, but they highly encourage me to do e-FD in the future.

I don’t have any account with BM yet. Planning to go open a new account with them next week Monday.
eFD is it via FPX? or is it from existing fund in BM account?

It is mentioned in the T&C that the Fixed Term Account-i Special Rates Campaign that eFD is done thru their i-Muamalat Retail Internet Banking. There is no mention of FPX.

Minimum is 5k per placement without any maximum but subject to not exceeding the target cap for each of the tenor you choose.

You may choose to auto renew at prevailing board rate but whether this really implies there is a good option to not auto-renew but credit to your SA. This part should have been more explicit and clear.

The bank will give 21 days prior notice on their website if terminate the Campaign. Seems that the bank knows how to improve their PR from their last big promo when they catered for FD customers caught out still collecting for their offer when they wanted to close early after good response. This certainly helps customers to plan how much FD principal could be placed.

In general this particular T&C is a much higher standard than most other T&C of other banks.

Now we just hope the banks can write a T&C or some examples on how their periodic payments are done with regards to calculation, rounding, payment dates and location of the bank's state to reach a more canggih level. The schools don't really teach financial literacy, so the banks should do it for their good.

This post has been edited by Deal Hunter: Sep 2 2021, 02:52 AM

They would ask u to open a saving account 1st. To have online banking ,u must get a debit card RM12 per annum. To put eFD, they will ask you to bank in the money to your saving account 1st, from that then you can proceed to put eFD.

Thanks for the information. Appreciate it

Can I open an account with Bank Mualamat online without going to the branch?

Hi guys, just want to confirm on HLBB TIA-i calculation.
I chat with them and got my refund for the shortage of profit amount.

Promo rate: 2.45% p.a
Tenure: 6 months

Principal: RM 5k
Placement tenure: 17.02.21 - 17.08.21
Total profit received RM59.50 + RM1.24 = RM60.74

===================================

[url=https://pictr.com/image/B66QC2]


Does the amount that I received is still not based on the promo rate?

This post has been edited by rocketm: Sep 2 2021, 10:43 AM

Then go to other banks. Simple, no need to curse

I notice that BR, BM, AB maybe others are consistently having promo on eFD higher than PBB and HLBB.

I only have MBB, RHB, PBB and HLBB. Which one worth to open an online saving account to get better eFD rate?

TIA.

You can forego MBB as they seldom come out with promo. The other 3 banks have eFD promo here and then, but I think currently HLBB has a better offer. Check it out.

Yup, HLBB has 12, 18, 24 months for 2.40%.

Other banks seem like having higher rate and always.

Just want to know if able to open an online saving which one will be the next choice.

Ah okay, I got your meaning. BR tend to have higher rate when they are having promo; like now they have no promo though. Ambank will have good promo here and then, but sometimes they like to bundle it with CASA which lower down the rate. I have no experience with BM or MBSB, but both are worth checking out.

The above are my summary, hard to pinpoint just 1 bank as it depends on promo rate and other factors like PIDM or not. Note that BR online banking is practically just to transfer money in and out, they dont do eFD.

This post has been edited by Human Nature: Sep 2 2021, 11:22 AM

the most consistent is affin for the past one year or so. 😁

I agree on this. In fact, I moved my BR to Affin today, efd

What is the current promo as there is no info on its website.

Seem like no saving account able to open online without visit to their branch. Just to confirm.

I just chat with Affin bank CS.

The current eFD promo is:
Kindly be inform, this promotion period is from 1 September 2021 to 8 September 2021

The promotion rates are as per below:

Branch FD/TD-i (NON-INVIKTA)

Min Placement RM10,000

Promotion rate per annum:
3 months @ 2.25% p.a
6 months @ 2.30% p.a
9 months @ 2.40% p.a
12 months @ 2.50% p.a
18 months @ 2.50% p.a
24 months @ 2.55% p.a

Branch FD/TD-i (INVIKTA)
Min Placement RM 50,000

Promotion rate per annum:
3 months @ 2.30% p.a
6 months @ 2.35% p.a
9 months @ 2.45% p.a
12 months @ 2.55% p.a
18 months @ 2.55% p.a
24 months @ 2.60% p.a

AffinOnline eFD/eTD-i

Min Placement RM10,000
Max Placement RM200,000

Promotion rate per annum:
3 months @ 2.25% p.a.
6 months @ 2.30% p.a.
9 months @ 2.40% p.a
12 months @ 2.50% p.a

=========================
Need to have saving/current account to open saving account in branch only
RM12 annual fee for debit card

=========================
Operation hour:
NRP - Phase 1

FMCO - 09.15 a.m. to 2.00 p.m.
MCO - 09.15 a.m. to 4.00 p.m.
EMCO - 9.30 am to 1.00 pm

Tips, you can open BSA with no fee and no debit card. Allows you to place eFD too.

R u moving the fund via IBFT?

I try to move fund from other bank to Affin Bank, keep showing unsuccessful, wonder is it affin bank duitnow koyak, try from Ocbc and Scb also failed

This post has been edited by mamamia: Sep 2 2021, 03:11 PM