Product Name : FD2 t0 12

10K to CASA ( can withdraw next day)

balance to FD

Product just release today. if counter have no idea of this product , Please ask them refer to MEMO or RM/BM

Next day can transfer out the 10k. Not immediately.

Affin is offering 4.38% for Rm 250k and above, 4.28% for above RM 50k and below RM 250k.

12 months term.

From my rm in ambank kuching abell branch

Dear all,

Good morning, *Special Empowerment Deposit Drive, *APPLICABLE FOR both ISLAMIC TD-i & CONVENTIONAL FD* will be offered below exclusive rates under branch empowerment :

Pure FD :
*2 month @ 4.00% p.a*

*For 6 month & 12 month please prioritize FD CASA bundle,
-*6 mths max effective rates @ 4.30% p.a  for bundle > RM 1 mil*
-*12 mths max effective rates @ 4.40% p.a for bundle > RM 1 mil*

For pure FD, below are max rates:

*6 month @ 4.00% p.a*

*12 month @ 4.30% p.a*

Offer validity:
*6 Jan 2023 - 31 Jan 2023*

*above special empowerment valid from 6 Jan 2023 (strictly no backdate is allowed*

Terms & Conditions

1. *Applicable for Islamic TDi / Conventional FD & FRESH FUNDS only*

*(PLEASE PRIORITISE ISLAMIC PLACEMENT)*

2. Placement criteria : min RM 10k CASA balance is COMPULSORY

3. Approval via PIR is not required for Cheque / Cashiers Order

4. Applicable for *TD-i / FD > RM10k only*

5. Applicable for SPB & Retail SME

Happy Selling ☺️

For priority banking only

for all or just priority customers? Don't wanna end up like Ambank later.

min placement?

Versa claimed to give promotional 4% on first 30k, but in APP they still show your return is 2.75% only.

Why they seem oblivious to their own APP not showing correct rate of return? How do they instill confident for depositors/investors like this? 

place bank rakyat 4.8 % one. dont know pbb also same rate.

cclim good job

Thanks for the table. Most useful.

I went to PBB to place a FD and was surprised that they do not offer monthly interest. I was also surprised that they still issue FD certificates that have to be presented at maturity for FD uplift, which to me is an archaic system that should be done away with.

It would be helpful if you could indicate banks that do not give monthly interest for FDs with terms of 12 months and above, as well as those which still issue FD certificates that have to be presented at maturity. The former is especially useful as a 12m FD @4.3% that pays interest on maturity has a different effective interest rate from a 12m FD @4.3% that pays interest monthly.

PBB will require full 2 years maturity only will releasing the full interests, if we calculated by annual effective interest paid, theirs is 4.6%

no compounding interest, no difference

if you put a significant sum as principal, monthly/6month interest can be substantial (eg >RM10k), of which you can reinvest again (in FD or others)

or for simple folks, good for a meal 

Went to Ambank near me, staff there say no promo. Call another branch, staff say promo for priority customer only. Reaffirmed that not all branches have same promo.

Go for Ambank 2 months @ 4% first by the time it expires, u still have time for 4.8% for PBB Islamic.

See if there are any more OPR revision within this quarter or not. Possibly there will be better rate from PBB later since they have been so aggressive for the past half year.

Just got back from Ambank.
The staff said 2m, 6m and 12m are all for priority customers only.

Went to Ambank, the RM blur blur abt promo rate. Ambank saving account does not discriminate between normal saving account vs priority account but maybe  diff is got RM to entertain.

From my rm in ambank kuching abell branch

Dear all,

Good morning, *Special Empowerment Deposit Drive, *APPLICABLE FOR both ISLAMIC TD-i & CONVENTIONAL FD* will be offered below exclusive rates under branch empowerment :

Pure FD :
*2 month @ 4.00% p.a*

*For 6 month & 12 month please prioritize FD CASA bundle,
-*6 mths max effective rates @ 4.30% p.a  for bundle > RM 1 mil*
-*12 mths max effective rates @ 4.40% p.a for bundle > RM 1 mil*

For pure FD, below are max rates:

*6 month @ 4.00% p.a*

*12 month @ 4.30% p.a*

Offer validity:
*6 Jan 2023 - 31 Jan 2023*

*above special empowerment valid from 6 Jan 2023 (strictly no backdate is allowed*

Terms & Conditions

1. *Applicable for Islamic TDi / Conventional FD & FRESH FUNDS only*

*(PLEASE PRIORITISE ISLAMIC PLACEMENT)*

2. Placement criteria : min RM 10k CASA balance is COMPULSORY

3. Approval via PIR is not required for Cheque / Cashiers Order

4. Applicable for *TD-i / FD > RM10k only*

5. Applicable for SPB & Retail SME

Happy Selling ☺️

For priority banking only

MBSB 5 years 4.7 pre MCO looks like a joke now

May i know what's the different between Term Deposit and Fixed deposit ?

Term Deposit is the term used for Islamic banking FD, iinm

cause i am hearing that some bank offer like 4.3% to 4.5% for 1 year if you are priority / premium
just feel a little unfair for ppl like me who is a M40 with little saving and cant enjoy high interest

The one I sent was OTC FD promo. Looks like Affin eFD for non Invikta customer is higher, though still slightly lower than Invikta OTC rate.

HLB is 4.13% 6M right?

Yesterday I called up Alliance RM, 4.38% no more.

You guys have done a great job compressing MY bank's NIM

https://www.sinchew.com.my/20230127/%e8%81%...9f%bf%e8%b3%ba/

wondering any FD for a tenure of 2 wks? hehe

my own experience, hlb tia honors the rate till maturity.