Folks

Now that FD promo seems to losing steam, any one has experience with KLIBOR callable instruments? Not sure which tread in this forum have such.

Any one can educate me please on this
🎉🎉 *CRA with *FIXED INTEREST COMPONENT*! 🎉🎉

*Investment Advisory*
 
⭐️Principal Guaranteed Callable Range Accrual with Fixed Interest (*CRAF*)⭐️
 
Principal Protection if Held to Maturity
 
🎯*Tenure:* 5 Years
🎯*Minimum Investment:* RM100k
 
📣*Interest Payout*📣
‼️Year 1: *Guaranteed 4.25% p.a.* *‼️
‼️Year 2: *Guaranteed 4.25% p.a.* *‼️
Year 3 to Year 5: *4.25% p.a.*
 
🏗*Barriers:*🏗
Year 1: N/A
Year 2: N/A
Year 3: 0 – 4.0%
Year 4: 0 – 4.0%
Year 5: 0 – 4.0%

*Underlying Reference:*
_3-month KLIBOR_
Current 3-month KLIBOR: 3.45% (2 June 2023)

_*Guaranteed 4.00% for first TWO YEARS* subject to Call Option on Year 3 to 5

All I saw some brief chat sporadically it ended up with No better than FD board rate as bank will reel it in when it’s doing well for investor.

trying to open bank islam acc online, the minimum deposit via FPX shown as failed but money deducted, call to call centre, said acc open, but, money not credited, what's a bad experience.

Pleasantly surprised at BI that issued FD cert on the spot for cheque FD placement. 4.5%/12mths till year end according to the officer. Out in an hour - which is fast for a snail bank 😄

trying to open bank islam acc online, the minimum deposit via FPX shown as failed but money deducted, call to call centre, said acc open, but, money not credited, what's a bad experience.

wah yours so fast.

today i went to do. they need 2~3 days to clear the banker's cheque.. so today can open savings account only..

once the check cleared then have to return back to BI to do fd placement.. 

Did you open savings account first before going?

Side note. I have one MBSB 6 mth auto renewed today...still 4.25%.

wah yours so fast.

today i went to do. they need 2~3 days to clear the banker's cheque.. so today can open savings account only..

once the cheque cleared then have to return back to BI to do fd placement.. 

Which BI branch is this?
In Subang _ Tiapan branch i have issued personal check and i can get the FD cert at the same time, no need to wait for check to clear
looks like different branch got different rules

Same with mine, opened SA online yesterday, everything ok until transfer $ and failed but money out from UOB.. Went to check with UOB, UOB said just cleared today but still haven't appear in BI yet, gotta go UOB again tomorrow. Not too worried as have such experience before, money in the air 😠

UOB FD Plus June 2023

6  months        3.65%
12 months        3.85%

These rates are pretty bad😨

You transfer from UOB to BI saving account via instant transfer/duit now? My experience is, I went to BI to open saving account, then on the spot the officer asked me to transfer RM100 to deposit into the SA. I use the instant transfer and it was okay.

I open account online and suppose to fund it, which I did but next day went BI, money elek, had to deposit another 100 for account opening. The 1k still hanging somewhere, UOB said paid to BI, BI said tadak - how? It can be found but leceh gotta keep checking

Aiyo. Once my FD at UOB matured next week, I also plan to tranfer the fund to my BI saving account, then go BI to place the FD.
Hopefully no issue la by then.

These rates are pretty bad😨

Similar experience when trying to place iFD with MBB. Funds deducted but money missing. This is the fault of the FPX system which is operated by a company called Paynet owned by BNM and commercial banks in Malaysia. Do you notice that when you make an FPX payment to shopee or lazada, the transaction confirmation will always say failed fpx but later shopee /lazada will confirm it is ok as they will inform seller to ship or sned you an email confirmation? Evidently this FPX system is unable to cope with high internet traffic. We should all boycott FPX payments until these buggers wake up!

Same with mine, opened SA online yesterday, everything ok until transfer $ and failed but money out from UOB.. Went to check with UOB, UOB said just cleared today but still haven't appear in BI yet, gotta go UOB again tomorrow. Not too worried as have such experience before, money in the air 😠

I open account online and suppose to fund it, which I did but next day went BI, money elek, had to deposit another 100 for account opening. The 1k still hanging somewhere, UOB said paid to BI, BI said tadak - how? It can be found but leceh gotta keep checking

better fast2 go for BI 12m FD... best in town 

before they reduced it, following others banks around