Based on what some forumer here said, it is not compulsory. But in order to have internet banking, must open SA I guess. Plus, if you have SA, only you can Rentas/ transfer fund from another bank account. Unless you are using cheque, then I think can open FD without opening SA.

so mean this bank islam 4.5% 12months can withdraw online but to deposit much OTC?

BI 4.5% 12month is a promotional/campaign product available for OTC placement only.
It is FD with certificate. Surprisingly, I was told by bank teller that I can withdrawal via online. Normally, FD with certificate required surrendering the certificate during redemption and normally not available as an online feature.

I had checked my BI online screen. Indeed, the feature to do online withdrawal is there. However, I did not complete all the way. Not sure whether there are further checking to stop the withdrawal.

Hope this help.

Btw, for withdrawal at branch, was told can be done at any BI branch. Need to bring cert. If not at original placement branch, withdrawal is not immediately. Teller explained to me that they need to email details to the original branch. Original placement branch will performed the actual withdrawal transaction. They ensured me that the process will be completed within the same day. Customer will get the fund within the same day but not immediately.



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Yes, placement OTC and can withdraw online.

Need their GO app to approve the online termination. But nothing too difficult using the GO app.

even card issuance also no charge? was thinking to open a BSA as well

Mine no charges. Basic SA with a debit card. You inform the staff you want the most basic SA w/o any charges. Just for FD purpose.

Just want to share my experience placing FD at BI today. First officer A that helped me to proceed with the FD opening, asked me whether I want the interest to be credited half yearly? I was like huh? I thought interest will only be credited upon maturity (after 12 months). Since she asked, I said ok, half yearly then. After that, she passed to the counter officer B to process.

After waiting for quite some time, passed to officer C at the normal desk pulak. Officer C was the one helping me to open the BSA previously. Btw, when I double checked with officer C, she told me interest will only be credited upon maturity. I told her officer A said can half yearly, some more let me choose. At that time, officer A not at her desk. If not I will ask C to check with A.

Then after done everything, she asked me to check the cert. Matured date is 17 June 2024. I thought if I place today, it will be matured on 14 June 2024 (Friday). Seeing they give extra interest, I was ok. Then when back home, I checked again, apparently 17 June 2024 is Hari Raya Haji. Means by right they should put to 18 June 2024 right?

This post has been edited by X_hunter: Jun 15 2023, 03:01 PM

Did you placed your FD today (15/6/23) or yesterday? Maybe for next year Hari Raya Haji, 17 June 2024 could be a tentative date subjected to sighting of the new moon.

I placed it today (15th June). Before placing I expected the maturity date to be on 14 June 2024. See from what other forumer have shared, only when the maturity date falls on non working day (Sat and Sun), then they will adjust to the next Monday. But 14 June 2024 is Friday, I don’t know why they want to push to 17 June (Mon).

This post has been edited by X_hunter: Jun 15 2023, 03:48 PM

If you placed today, 15 June 2023 for the 4.5% 12 months FD, the maturity date would be 15 June 2024 (not 14 June 2024) assuming 15 June 2024 is a business date.
Since 15 June 2023 is a Saturday, it will bumped the date to be next business date, Monday 17 June 2024.

I believe 17 June 2024 is a tentative but not a confirmed public holiday as yet. Like all Islamic festivals, the date for Hari Raya Haji is based on astronomical calculations that rely on the sighting of the new moon.

Oh. Coz I googled and calculated 15 June 2023 + 365 days, that’s how I got 14 June 2024 (plus next year is leap year). Yea, I know they depends on moon sightings sometimes. So if next year really confirmed 17 June 2024 is public holiday, I lose 1 day interest?

As I know, most bank system will catered for tentative or ad-hoc holidays. In your case, if confirmed 17 June 2024 is Hari Raya Haji, system will moved the maturity date to 18 June 2024. Caveat: I am not sure whether BI support this

I remembered in 2018, May 10th and May 11th was declared public holidays. The declaration was done very late on 9th May or early morning on 10th.
I got 2 CIMB FDs. One maturity on 10 May 2018, another maturity on 11 may 2018.

The one maturity on 11th May 2018 was moved to 14th May 2018.
The one maturity on 10th May 2018 was not moved, still matured on 10th May 2018.

I guessing probably too late for the bank to change the setting for ad-hoc holiday for 10 May 2018.

Hopefully your FD is moved to 18 June 2024.

Oh ya. The election where M declared two days additional holidays. Since the maturity date already printed on the cert, unlikely they will change I guess. Hopefully got. If not also never mind then, treat the Sat Sun as extra interest.

Btw, their cert looks like a cheque, it’s been a while I have such FD cert. Long ago was Public Bank one. Other banks mostly thin paper slip.

Guys, any other banks FD promo, beside BI?

Too many account to handle if open account with BI.

why didnt you spell out exact banks you want?


cimb tia https://www.cimb.com.my/en/personal/promoti...paign-2023.html
cimb efd/efria https://www.cimb.com.my/en/personal/promoti...fd-efria-i.html
BSN Term Deposit-i bundle with BSN SSP Platinum https://www.bsn.com.my/page/SpecialDuoBette...106971797664578
hlb efd https://www.hlb.com.my/en/personal-banking/...fd-i-promo.html
maybank efd https://www.maybank2u.com.my/maybank2u/mala.../efd-promo.page

and other existing pbb/pib promo

This is limited to online banking but not the GO app ya?

Kinda of security issues isn't it with OTC FD cert although it's convenient


This post has been edited by gamenoob: Jun 16 2023, 12:00 PM

HLB 3.85% 3/mo

Won't lose. bank will give you one more day interest

Is there another OPR later ? Up ? Remain?

US just paused rate hikes last week. Given all the recent signal of downtrending FD rates by local banks...you think leh?