RM referred to MI FD as some kind of saving plan where depositors are encouraged not to withdraw the monthly interest.
But the story don't gel very well lah.

No, Have never transferred online any money out of SS before.
I suspect it could be other reasons that's hampering the online withdrawal.

Any updated discussion ideas about how to play musical chairs properly nowadays?

Old Idea 1:- Plan organised placement at various banks at same day (ideally around 17 to 26 after new rates announced) ready to swap around on same day in future. Perhaps Ambank and UOB (but late to implement as last day for Ambank on 30 Oct 2017 unless extend some more or improve the rate).

Old Idea 2:- If not enough money for high minimum requirement, then forced to take inferior choice (Bank Islam 4.25% 18 mth interest on maturity?) or keep in savings to scrape up sufficient. Since the end of helpful Maybank GIA, any decent savings choices to beat the following to play FD musical chairs?

OCBC 360 at max 4.1% for up to only 100k, excess at 0.5% - free online MEPS transfer.

MBSB Cashrich flat at 2.68%, "bank" cheque or transfer to Maybank.

AffinGold 2.15% any balance at and above 5k, 2.6% 100k etc. IBG, IBFT and OTC transfers.

Maybank Premier Mudarabah acct at 1%. IBG, IBFT or personal cheque.

Old Idea 3:- Place short 1 month eFD or shorter if up to it if not sure and want to wait.

Thanks for the info. This make the GIA don't have the advantage against FD. It is definitely the management approach to cut down expenses payable to GIA customers.

Maybe I should use this method. 

But are there any difference between basic saving account and the normal saving account other than the initial opening amount? (RM20 vs RM200)

annual fees

Actually every bank should know this product, this is a requirement by Bank Negara.  They are just trying to cheat those customers there is no such account.

Absolutely, those who are not aware / don't know just pay blindly. I've told many friends there is non annual fees BSA but no one believe me and told me that is compulsory for debit card. Imagine how much the banks earn blindly just because people do not aware.

Earlier this year i was told by OCBC that i can have the basic saving account but if i wanted to have a Debit card to enable to use online banking i will need to pay the RM8+6% GST annually. Wondering is this true for OCBC...     

Wow thx. How about other Banks?
Going to complaint to BNM 

i have written to one of the Bank and cc BNM on this matter.

Bank replied very fast. saying BSA was launch in 2005 as per BNM guideline...bla bla bla

So i'll just see if BNM does reply or they dont care at all...

sorry off topic dont shoot me...

There were some questions asked re diff of BSA vs regular saving acct .
Also , what if Bank don't want to write letter to confirm they are not offering BSA.

Answers here:-

https://www.bnm.gov.my/index.php?rp=guideli...ic_banking_serv

Hi all,

I tried to apply a eFixed deposit via CIMB Clicks but the in the apply form, my account is not showing the "From" dropdown field. It basically show "Please select" and that's all, no account can be selected.

Any one has similar problem? It is the bank issue or my account issue?

Update

OCBC Mi FD and Mi FD-i promo from 20 Dec 2017 to 31 Dec 2017.
OTC min 10 k FF  4.2% p1m12

Since it is Mi (i.e. p1m), YES - it is compulsory to open or have an existing CASA acct at OCBC .

Best to open OCBC 360 or OCBC Al-Amin 360 account to enjoy the benefit of the highest available savings rate.
You get a basic 0.5 % interest with up to 3 x 1.2 % bonus interest added after each calendar month depending on how you fulfill 3 easy 360 conditions. The maximum you can get is 4.1 % for 100k for each EOD (End Of Day) balance. Anything above 100k at basic 0.5 % only.

Comes with free MEPS IBFT transfer with online banking up to 30k transfer limit per day. Best savings account for holding funds while accumulating funds to required minimum size for FD promo or holding on for new FD rates to be announced or simply for savings. Only inferior to UOB daily transfer of 50k IBG plus 30k IBFT and Maybank multi 30k FPX per day features for FD and eFD operations.

I think you are wrong.

I got a reply from PIDM officially

_____________________________________________________________________________________________
Thank you again for your email.

For joint accounts, each joint account holder will be assumed to have an equal share of the deposits.

In your example, you and your wife will be assumed to have RM 250,000 each (totalling RM 500,000 in the account). Assuming you and your wife do not have other accounts with CIMB, you and your wife will be covered for RM 250,000 each. However, if your wife has other personal accounts in the same bank, her portion of RM 250,000 in the joint savings account and the deposits in her other personal accounts will be aggregated and insured for RM 250,000.

If you have further questions, please do not hesitate to contact us.

Regards,
Raymond Ong

Actually is rm8.48 per year really too much to ask to maintain your savings account? I find it reasonable and most savings account have very low minimum balance (i think some only rm1)

Yes if savings account is just for crediting interest from FD and when the ATM or debit card is not really necessary.

For me, it’s a matter of the bank giving me a choice to opt for basic savings account without charges rather than expecting me to pay without giving me a choice or denying my rights to open a basic saving account. I’m happy paying rm8.48 for certain banks that I need unlimited withdrawal transaction from their ATM. Not pleased when banks say no choice but to pay as they like.

got maybank, cimb, hong leong, pbb, ambank, rhd, ocbc, hsbc, bsn, bank islam.  adds up to quite a lot actually.

PB Special FD/TD-i Campaign

6-Month @ 4.00% p.a.
12-Month @ 4.20% p.a.

Please be informed that Public Bank is launching a new fixed deposit/term deposit-i campaign known as “PB Special Fixed Deposit/Term Deposit-i” starting from 1 February to 30 April 2018.

Click here for the Campaign’s Terms and Conditions in English.
Click here for the Campaign’s Terms and Conditions in Bahasa Malaysia.

ocbc 4.38% 12m 10K seems the best right now! promo until when ya? i am going to do another placement on 19/2

According to the staff....until end Feb 2018

Thanks for the info, JLHC.

So withdrawal upon maturity also have to do it over the counter too?

Yes. Or you can instruct them to credit into your savings account with them upon maturity.

No need casa if you do not want monthly interest but is free anyway if you don't opt for the debit card. Only issue is no online banking without debit card

Depends how you can handle it. I did not want anymore credit card, so I took the debit card option under OCBC Al-Amin 360-i. 

Wow.. interesting! Do you know how the interest being paid out? Monthly or P.A in one lumsum?

Anyone else here has PBB Islamic bank FD? I went online at pbebank to check my FD cert details. Screen shows all conventional FD certs but not the islamic FD. I have the cert but it doesn't show on the FD enquiry screen.

Should I be worried? or is it normal?

Your 4.88% 6 mths wasn't an eFD ? I thought you mentioned it in your Apr 24th post that it is a no-cert eFD?
Normally, eFD can only be uplifted via internet banking and same goes to OTC FD can only be uplifted OTC.
I haven't come across any bank that can offer cross eFD/OTC FD withdrawal. Someone claimed that his OCBC OTC FD can be uplifted via internet banking, I tried to do the same but to no avail.

hmmm its depends on ur priority... if u want to open account just for saving only then u can go for it but business people like me,
i need something can give me a bnefits for future in a long period...
and i need to in-out my cash in bank so,
like alliance bank there is no limit to me to take out my money coz its no lock in period..
yeah that's right ! that's the function of bank! hahahahahahaha
yes asb is really2 useful to us anf the dividend also high
but why not we take the asb dividend and place it to bank that give high interest.. like i did to my asb dividend and put it on Alliance bank..
then i get double or maybe triple money from what i invest.. trust me its really worth it...

Ermmm...although many banks offered the higher interest rate than alliance bank but as a smart consumer, we were not just focus on this issue(I mean the interest rate).  For me, I think the most attractive things is there are no transaction fees for withdrawal or interbank fund transfer.  I think other banks X provide this benefit to their customers.
Yes, what you said is true, this account is suits to those who always do money transaction like businessman,because there are free of charges !

hahaha ur friend is so smart
alliance bank really suitable to ppl who do business
Besides of the high interest rate, they also didn't charge for transaction fees
I think other banks didn't like this also...
Couldn't agree anymore    
different ppl got their own needs
somebody said the privilege useless, this is because not suit them
they don't know maybe other ppl satisfied with the benefits that offered by the bank.