i saw your "original" post, will go CIMB find out the best rate    

How do you argue with the person over the counter that islamic fd is different with the conventional fd? They keep saying its the same

huge gap in the rate?

at last, the rate just same as everyone here.
however, as non CIMB preferred customer (hence no need a new CA), I managed to get 4.2% pa for monthly interest with a 6 figure placement. 

They gave me 4.2% and ask me to join preferred which I don't mind as long as the rate is good and most importantly the interest will be credited to your casa monthly

How large is the 'large sum' we are talking about here.

How do you argue with the person over the counter that islamic fd is different with the conventional fd? They keep saying its the same

U mean the monthly interest part ? 

What's the difference monthly interest and not monthly interest? Just that they credit u monthly instead of the end of maturity date, right?

I didn't get any welcome gift. The affin promo also not bad with slightly better rate and longer term but I will always go for those with monthly interest

Last time I go there. I told them this islamic one they said its all the same. So I deposit the normal one loh.. then now see u guys talking about it. Means if I want need to go and ask them about it again. Zzzzz

monthly interest is better way to go but usually will have slightly lower rate.

Went to CIMB today to place the fd but was told Islamic account does not pay interest monthly. I tried telling them there is a difference between conventional and Islamic but to no avail. Any sifu can advise how to go about this or which branch should I visit. I was at the Midvalley branch btw. Thanks

Which Uob branch?
Just went to Penang branch, they said no such offer.
Btw, they offered 3.9 percent for renewal of my matured FD. Didn't take the offer

for CIMB to whom should I speak to if I want to nego rate? I want the 4.2%

Went to CIMB today to place the fd but was told Islamic account does not pay interest monthly. I tried telling them there is a difference between conventional and Islamic but to no avail. Any sifu can advise how to go about this or which branch should I visit. I was at the Midvalley branch btw. Thanks

Oh u r wrong

The mthly interest is something to cure boredom...
Rather than waiying 1 year, u get to see every mth a small click going in ur acc... the feeling is very good.. becuz we r human, n generally human get bored easily if it is too long

BR Melaka is no longer issuing BC, so had to rentas to CIMB this morning. Fund received in less than 1 hour.

When you FD with BC, the CIXX delay 2 days date, you lost 2 days interest.
When you want take out, the officer don't know where to go but the system very very very slow. The process look like very security but very trouble the customer. If not wrong can 2-3 hours compared with UOX(Very fast), OCBX(Not bad) and PXX(Ok).
The BC also others RM 0.53 or RM 2.12, If not wrong CIXX, PXX and MaXbank RM 5.98

Don't know what happen of CIXX, please calm down and take care your blood pressure when deal with CIXX.

May be your amount is big. RM was asking am I moving out the fund and then place back again?
With 4.5% inflation and FD 4%, the net is -0.5%. FD return will be bad if inflation rate continue to climb up.
Glad that I have moved my fund to properties end of last year.

Saw in the news that BNM has removed bank reserve requirements. This is unusual, usually most of the central banks will reduce bank reserve requirements instead of removing it.

Bank reserve is one of the monetary policies used to regulate the money supply in the market. Reducing bank reserve will mean bank has more money to loan out, the multiplier effect will stimulate the economy. This may mean banks do not need to give FD promo as they can use the reserve money for loans.

BNM movement is reflecting Malaysia economy is not growing. Government is depending on China investments to support Malaysia expanding fiscal policy. Malaysia is having cost push inflation now and the outlook does not look good as consumer and business sentiments are negative on future.

3. BC from FD in the same name as FD account is less than RM1, forgot the exact amount even for non preferred customer.

not for CIMB n MBB.
the service charge for BC is waived from FD uplift to the name of FD account holder, only need to pay stump duty and gst.

hope they will join the competition one day, to benefit customers like us   

Hehe
Checking out next week...
Hopefully can nego some goodies on 4.2

Uob no charge for IBG.