FD mature day uplifting is possible, as long as you uplift after 12 noon or else they probably will forfeit your interest earning, that's what I heard.

return 5.5% much better than Fd
better than EPF also unless EPF increases dividend this year.
so far so good

More risky product must pay more la
eg Tropicana bonds 7%

Your experience with BI on Sat FD maturity, is it recently or some time back when they have FD promo ? Today I also placed 1 FD in BI and again
the maturity date adjusted to the Monday. It seems to me more likely to be system generated. They may have updated their system since your last
encounter.

Though it is a good idea to check the maturity date at time of placement to see if we get into the Sat/Sun/holiday maturity date.

Affin wise, your method seems good. But some banks does not allow us to choose for FD promo, whether we can choose to auto renew or on maturity to go
to SA (for principal and interest). Not too sure for Affin on this aspect (I thought it does not allow auto renewal for Affin ??). BI wise for this promo, I asked
for termination but was told it will go to auto renew on maturity.

finally done placed fd this morning at BI just before their system went down for "maintenance"..

this time round took like 30 mins as others mentioned before..

oh and also yes their fd maturity bring to the earliest working day if fall on weekend..

but when i requested for it the officer told me they cant decide it, it is based on their system.. so it is automated..

Affin regardless of promotion always allow for auto renew. If not you can change the instructions later. BI first time I placed, it matures on a Sat on the cert. That time the staff says system generated. It was later another staff did another FD it falls on a Monday though it should fall on Sunday. Only after this incident I tell the counter staff to move to the next working day every time I place BI FD. Only RHB refused and very strict.

BI OTC FD can terminate online if needed. Which is convenient in case of need.

Their paid profit/interest shown in the FD cert., for next years maturity, it did show additional days (to working day say Monday) additional interest. Also they use 365 instead of 366 for next year. Another plus point for them.

Saw quite some Chinese in BI, looks like words are out that they have the best rate for now !

This post has been edited by bbgoat: Jun 10 2023, 12:36 PM

very normal in PJ area... lots of chinese go there
day in day out also i see chinese in Bank Islam

This post has been edited by virtualgay: Jun 10 2023, 03:45 PM

Is it possible to buka new FD at BI, without having to open a new savings acct ?

Yes possible

Hi, mind to share can I open up CASA jv account with BI via online?

TIA

No idea as I didnt explore this. Have to place the FD OTC anyway, so I went there to open CASA too

my 6 months mbsb matual today, so the auto renewal at 4.25% should be reflect in my account tomoro?

Yes. Check it tomorrow.

Are we able to view our FD placement from the Bank Islam online banking system?

Sorry, going to open an account tmrow

This post has been edited by thirumaran: Jun 12 2023, 03:59 PM

Yes, you can view.



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Bank Islam 12m @ 4.5% , monthly interest ?

Is there an option to open non-fee savings acc (WITHOUT debit card ) or is savings account OPTIONAL should there be no monthly interest?

Bank Islam 12m @ 4.5% profit(interest) is paid at the end of the 12 month tenure. Not monthly.
You can open a Basic Saving Account -i. No service or maintenance charge will be imposed on the account.

Bank Islam Basic Saving Account - i


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Thanks a lot



BTW anyone has experience with Bank Islam Sri Petaling? How snail-paced are they?

This post has been edited by sweetpea123: Jun 13 2023, 03:33 AM

Yes...this branch is very slow................ at least took 1 hour to be done.

I wonder if Bank Islam need bank book to do FD?

Left them on the way out.