I just asked the branch manager. She told me got 100k limit per account, for your case also got?

FYI fresh fund for big amount cimb my rm got 3.65% for 12 months. However I will still put at Bangkok Bank for 3.85% 12 months.

Hi all, just went Bangkok Bank placed 12 months fd at 3.85% FF. Be warned opening new account takes at least 1 hour, so if amount not big then maybe need to reconsider.

I went Johor branch at Molek. Yes no CASA all into FD. BTW one hour plus is opening account, doesn't include waiting time for your turn. If your documents not in full or money not able to explain clearly, I think will take more than 1 hour...

I think the highest rate for FD now is Alliance, other banks seem to hit a blank.

Since you guys mention this EPF self contribution, can I check if self contribution can be deducted against our income tax especially if we are self employed without epf contribution.

Hmm, I can understand the upset here. But the world's trend is lowering interest rate. Hard for Malaysia not to keep up. Anyway I have a FD due soon, so I will update the thread with latest rate. I think hard for banks to come out with new promotion now with the political uncertainties and world trend of interest rate going down...

Bros who bought TIA either from cimb or HL, the returns affected? Previous I bought cimb TIA at 4% maturing in April and June. Will update if I do get the 4%...

So strange. 5 months higher than 6 months...

Citibank can go 2.4% for 12 months. But maybe only Citigold. Still 2.4% too low unless you love Citibank.

Nowadays with such low interest rate I really don't know what to do, put UT also got risk. Put in gold?

Delete. Found the links. Thanks.

This post has been edited by joeblow: Aug 27 2020, 08:51 PM

This promo is for people without any CASA UOB accounts for the past 12 months. You have RM means you have outstanding account...

I could be wrong. But I think highest now is Affin 5 months at 2.5%. I just put last Fri. But I put 6 months 2.48%.

Yes need to be at branch to process, no auto renewal to higher rate. No need fresh fund according to branch manager.

Quick update, just went RHB 1 year at 2.45%. I think super sad only 2.45%, I still cannot believe it. Effectively income less around 40%.

To add on, I have bought similar close ended bond fund before. As pointed out return not guaranteed, at the end of the period of 3 to 5 years, you might get a surprise when the capital return is less than original amount due to some failed investments etc. Also need to wait for several weeks without interest for the fund to credit back to account. So if you go for such UT, make sure the writing is clear on guaranteed return pls guaranteed capital return. Oh if you can find such UT, please share it here. Only bad thing is you have to hold to maturity.

Ok time to contribute. On the issue of weekend interest rate for Affin, say your FD matures on Sat or Sun or public holiday, do note this the following:

1. If your FD maturity instruction is credit the Principal to your account, you will not get the additional interest.
2. If your FD maturity instruction is auto rollover for the Principal, and you withdraw the immediate next working day after Sat, Sun or public holiday, only then you will get the additional interest.

So make sure your maturity instructions are auto rollover. Affin is one of the banks that still insist you have the FD cert when you withdraw, hence some people like myself prefer to auto credit everything so that we can withdraw without presenting the FD cert.

Just back from affin, their 2.45% 12 months fd no need fresh fund expiring 15th Oct 2020.

Hi all, just back from affin. They extended the promotion to end of Oct. Added 18 and 24 months 2.5%. Good chance interest rate will recover 2021, just don't know when. No need fresh fund, I didn't take up the offer though. Planning to use the money to buy shares...

OTC, but I never ask about eFD.

Just back from affin, renewed 18 months fd at 2.5%.

I got called by cimb, above 100k 12 months fresh fund, subject to approval and availability, can get 2.5%.

So do call your branch and RM if you have. Also apparently that gold fish promotion already over. Not sure if they smoke me...