I didn't think of country collapse or bankrupt sort of thing. I'm more concerned on the security of the bank as previously saw many cases of money suddenly gone missing from bank account even for FD (other banks). Like being hacked or insider job or something. But BI really is the best choice now coz they really offer the highest rate now.

if kena hack worst, bank will say not bank fault, user problem. not sure pidm will cover you , long time investigate to close case.

For PIDM, protection is up to 250K per depositor per member bank. If you are able to open a joint account with someone you trust, eg. spouse/siblings/parent etc, you can get a separate 250K insurance protection for each joint account.

PIDM guidelines


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That would be great. Thank you so much for the helpful info

Report to members: my online FD placement by FPX in MBB for 7 months failed to be reflected in MBB. Funds already debited by paying bank in FPX but MBB REPORT INSUFFICIENT FUNDS AND TRANSACTION FAILED. Again another MBB fiasco

Last month BR said will have promo in June, but so far ntg last week. Didn’t check this week yet.

Wow. Did you call them to check? Money disappeared into Cyber space? Usually if FPX insufficient fund, sender bank will prevent already. Do you mean sent successful but received failed?? This is first time I hear....

Transaction failed at FPX sender bank should not be debitted. Can't trust Harimau bank....

This post has been edited by CommodoreAmiga: Jun 6 2023, 12:48 PM

Called and reported alrdy. Same fiasco as last MBB promo. Don't trust them again

Also, previously they don't show you the rates before you place FDs also. Only show rates AFTER you have deposited FDs....sneaky as hell. But recently I checked again, they have finally put a small link to show the rates, obviously after too many complaints. Will never place another FD with Maybank (and Bank Mualamat) again. Their rates sucks most of the time anyway.

This post has been edited by CommodoreAmiga: Jun 6 2023, 01:16 PM

PIDM does not cover for scam/hack/insider job.

Called Bank Islam on 4.5% for 12 months, however they say the 4.5% is not guarantee as will change if the OPR change. So this is not a FD?

banks are best at disclaimer...
if remember correctly, all banks t&c will say no guarantee. trust BI to be not so efficient to change in 1 year compared to bigger banks.

from MBB t&C
Note:
i) The Campaign Rates may be revised accordingly to reflect changes in the overnight policy rate
as set by Bank Negara Malaysia, if any shall occur during the Campaign Period.

Sooner and later FD will be like TIA no guarantee interest would be given. Bank for sure big winner....

Yeah, last week when I went to BR, the officer also told me new promo is coming in June, but, she is not sure about the date.

CIMB reduced FD rates!

eFD/eFRIA-i Tenure Campaign Rates (% p.a.) before 6 June 2023 New Campaign Rates (% p.a.) effective 6 June 2023 to 10 July 2023 Minimum Deposit Placement Amount
Three (3) Months 3.58% p.a. 3.53% p.a. RM1,000
Six (6) Months 3.88% p.a. 3.83% p.a. RM1,000
Twelve (12) Months 3.95% p.a. 3.90% p.a. RM1,000

https://www.cimb.com.my/en/personal/promoti...fd-efria-i.html

So low - will move into EPF/ASNB

what they mean is...

if there's new FD placements... and OPR changes that time... so the final rate offered also changed...

whatever FD placement made before the OPR changes... they must honor them.... they won't give the new adjusted rate...

Cina,India,Melayu,Bangla all kena conned.

Tiger bank actually had some hidden promotion / selected customer promotion sometimes. Few months ago i had 4.05%.

But yeah, kinda sucks compare to certain banks. I have moved some FD to Bank Islam recently.

Tiger bank play Crouching Dragon Hidden Tiger game?