Still have? Just checked, not 4.5%.

can't seem to access cimb 4.5% link using ie and also Mozilla hmm. 10:49am

Are u cimb priority customer? heard 4.5% is only offered to priority customers when i go to their branch in Ktn to enquirer...

Thanks for the great explanation bro.

I am just wondering then, this feature almost making it like an FD with a one month tenure right ?

Cause the usual FD, you will only get the interest after you 'commit' the funds for a certain period of time e.g. 6 months. And if you were to withdraw any thing earlier, all the interest will be forfeited.

So a monthly interest rate sounds like a rolling 1-month tenure FD right ?

Would there be any way that I can commit my principal for, say, 6 months and I just get the interest on a monthly basis? If yes, what's the consequences if I were to withdraw the principal earlier than 6 months ? Am I liable to some sort of clawback to the disbursed interests ?

Anyone knows if the rate is subject to change even after placement (ie affecting rate of placed deposit) ? Or it just meant rates are subject to change befire any placement.

Can ask for no annual fee BSA?

Today again took out from HL matured FD.

Took a BC from HL bank. Went to B Islam for 24 mth step up with effective rate of 4.65%.

Only now found out that BI branch allow cheque and effective rate on the same day, instead of after cheque clearance. Last time asked, they say can only receive FD cert after cheque clearance and effective date after cheque clearance.

Would have saved some trouble and saved few ringgit if used cheque instead of RENTAS in the fund for previous 2 FD placed in BI. 

My case Bank Islam Kinrara branch to open new account. I've prepared two options, IFT from two banks into BI, or write cheque. I asked if use cheque how ? CS answer will put today's date. So I wrote a cheque.

Filled up forms to open account with RM20 and FD forms. Collect the cert, etc. all done within 1 hour. Only need to pay for parking + petrol.

ohya, I got the red hardcover book only.

Does bank allow compounding interest every month into our principal amount?

if 12m FD starts on say 2nd of the month, should it expire on 1st or 2nd next year same month?

if it mature on 1st i can withdraw on 1st, why need to wait 2nd.

but that's not the answer i asked, please read properly

i was asking if you deposit on 2nd day of the mth for 12 months FD, should the maturity on 1st same month next year?

...
I think ATM card/debit card (RM 8 per year) is compulsory in Hong Leong now..
You need to have an ATM card/debit card to register Hong Leong online banking in order to place eFD

Yes, the RM 8 per year.
So need to pay RM 8 per year for Hong Leong online banking

Thanks for this great info... 
Actually I try to figure out any method that can use banks's internet banking for free.

Was wondering is the effective rate really is 4.65% if I place 500,000. Thanks

Interest/Profits paid earlier will be clawed back by deducting from principal/investment. There is no such thing as MAY BE about this. Just consider yourself lucky if there are no other service/penalty charges on top of the clawback of already paid interests/profits from your particular bank. Please read and understand the legal meaning  of the Terms and Conditions carefully and do not assume the bank cannot take more back than you think. What matters is provision that you MAY end up with less than your original principal/investment. How much less should be an interesting complaint later on by those affected premature uplifters.
Some people may not realise that  getting the full prinicpal/investment at uplft time versus clawed back and penalized and deducted prncipal/investment is not exactly equivalent - especially by those who had already used up the already paid interest.

I just place this today with Bank Islam, effective rate 4.65% 2 years. Bank Islam branch in pandan jaya.

The interest will be credited into saving account ( so i have to open a saving account). Overall is a normal process, but I find the staff doing the FD ask a little more questions, like what's your occupation? your company name? where's your money from? etc. When I place FD with Hong Leong beginning of the month, no questions ask and very quickly printed out my Hong Leong FD cert. I am new with these 2 banks .

Anyway, 4.65% is good at the moment.

Have been quite sometime I don't look into FD, because my house flexi loan is 4.6%, now bank Islam offer 4.65%, anyone get higher?

i think more importantly flexi loan is daily rest. 4.6 annually would be 4.774 compound daily.

what is the 70% cap about?

So just a question if I place before the rate cut example 4.25% for 3months after the rate cut will it be revised to 4% or I stil get 4.25% bcoz placement is before rate cut.

Singapore FD interest rates are around 1.2-1.3% and recently went up to around 1.8% to 2% as claimed by some forummers here. If that is not the lowest rates around, maybe you can point out to another country which has lower rates for FD. I'm stating the obvious fact that the interests rates are indeed one of the lowest in the region, regardless of other reasons. Anything wrong by that?