Looks like all banks assume there will be an increase in OPR soon thus all promo rate only applicable to 6 mths to 1 year. 3 mths no more

I was told OTC today that not possible to place online but when I came back to check, it is possible indeed.

if you place ambank fd otc, you can only withdraw otc. only fd placement which was originally done via app can be redeem via app. thats ambank weird limitation.

I renewed at this rate..no CaSa earmark requirement
My AM BANK eFD placed via website but redemption online via their app only

Let us all remind FD-issuing banks that the current inflation rate is 3 percent.

It is still higher than board rate right?

https://www.hlb.com.my/en/personal-banking/...ed-deposit.html

I tried to withdraw UOB FD which was renewed to board rate only. When trying to withdraw online, it mentioned there is a penalty for premature withdrawal. The amount is almost 4 times on interest accumulated.
Anyone know about this penalty?

Last time when I pre-mature withdrew my Citi Forex FD, I was told to pay the penalty for the entire 12 months
on pre-mature withdrawal..

This is first time i experience such case as compared to other bank that also provide Islamic FD...

As i know there is some term of Islamic which they used compare to conventional FD, like Interest = Profit...

In this case, really need to avoid Bank Islam by all means... 

Hi, may I know is there a revision in bank rakyat's FD rate recently? I am having FD placement where the tenure is still current. I noticed the interest payout for March is different from the previous months I had. The difference is not few sen or few ringgit but over RM10 which is quite uncommon to me. I found there is no recent OPR revision but why was the interest payout much lesser than expected  ? Thanks

The FD is a 5 year tenure FD which will be due in 2024, it was not placed under any campaign. I am comparing Jan, Feb & Mar 2021. I got the same interest payout for Jan & Feb 2021, but not for March

Haha when @Kyan0411 mentioned the phrase 'don't dare', the first thing that popped up is about Ambank and the hefty fine early this year.

I agree that this promo is very attractive! I am not sure how fast the FD rate will go up within this 1 year plus period, whether it can gain +0.5%. My certs with Ambank matures in the last week of April and then BR in May. Will see if other banks also showing any upward trend.

Most likely I will split them into 18m and 9m, and also some to other banks.

So, if the OPR +0.25%, it will be 2.00%. The last time we have that figure was from 5th May to 7th July 2020. I don't have any samples of FD rate offered by banks within this period last year as I dumped everything to BR. I will browse back posts made last year to get some indicative rates. Thanks for the input.

Yeah, BR was very aggressive at that time. I excluded it from the outlook at the moment as there has been no promo from them for an extended period of time already. Perhaps they are confident that their base rate is still good.

With all this, I am also having a second thought about locking it for 18 months. Will be a good time for us FD players, to finally see an upward trend.

ambank ebanking. transfer money from maybank via fpx. Money deducted at maybank. AMbank show not successful . refund take 5 days.

is this kind of trick from them ? imagine set promo  rate, then when customer do the banking, payment made all fail. bank can hold the money and return after 5 days.

No bank will admit their fault. So become FPX(middle man) fault. Or my incident, the branch manager say is my fault key in the wrong name. Ambank account holder A, I type account holder B name.

But wait a second ? Do we key in our name or anybody name when we do placement FD online ? Or there is hidden column ?

So the manager told me i key in the wrong name which is totally ridiculous reason. I wonder did he use fpx before.

recipient bank - no receive (not my problem, i did not receive)
original bank - already show successful (not my problem, you ask me transfer, i transfer)

FPX - i'm just a bridge to connect both of you.

Customer - just keep quite and wait for reverse.     

get back my money after 24 hours. but in dilemma now to try again or not. worry second stuck again.