🧧AMBank 4.5% pure FD, OTC @ 18 months. Those 50 years old and above, can apply for monthly interest.

the same ol question

1) what if next month no increase? then you wasted x days profit

2) what if increment not significant? can it cover your x days of waiting from now until new promo rate is out? be mindful opr increase date != promo available date (eg ambank) too

imo, if you have fund now, just lock it down now lor. or put short term fd/versa/kdi until good news come out next opr increment (if any) next month.

if ur fund unlocked next month, just wait a bit.

Which banks are the ones that you regularly place FD (usually have good promo rates)? I need some suggestion on exploring new banks for FD.

(except for Maybank, CIMB, RHB, Ambank and Bank Rakyat)

Thanks for the suggestions. I often hear that Affin give good rates too!

Wanted to place it as a joint account, that's why I wanted to place OTC.
I told her internet says can place online but she said this branch cannot. 

4.8% is the highest rate so far
but surprisingly no one going for it......?

My 35 yrs experience heavy in FDs
1) Never
2)I totally ignored PIDm  , NO PIDM  also i hantam, nothing happened so far
if really scared have to  open many different accounts ,
each FD  max 250k
1. Conventional FD
2. Islamic FD,
3 Self
4. Self  and spouse,
5. Self and son etc etc
troublesome

i also give up on OTC - no energy n patience to drive, Q, wait...
as long as u "enjoy" doing it!

but... each debt card will get charged RM10 or 20 every year, no?

+1
if PIDM activated,
Malaysia market might be collapse-ING also,
250k or 2.5mil just a digit that time...

but for online banking,
bank automatic split into few account when reach 200k line.

6 months interest highest….put longer period, interest lower

Ambank woke up liao
- Pure FD  6M @ 4.00%
- Pure FD 12M @ 4.30%

Affin still sleeping, too full lantak kot?

Hopefully UOB has better promo rates next month. They pay monthly interest which is my preference.

I think the article stated clear that “Standard Chartered sees BNM raising OPR to 3% in January”
Hence where did the 5% come from??

MBSB 5 years 4.7 pre MCO looks like a joke now

A learning experience, many small missteps to make better experience.

Ambank Online FD 4% 2 month.
Usually when i open a bank account, i will always try to make it joint account in case shit hit the fan. As with Ambank , i open a joint account and got a debit card in my name, thinking that its still a joint account. So instead of placing the FDs otc which involves travelling to the bank, i did it online. The issues is the amount is much larger whereas fpx limit is restricted to RM50k per day, so i transfered some to my wife account and did the fpx from both our account. When placing the fds online, i did read that it must from the same name as the fds, but imaging mine to be joint account, tried it anyway for learning purposes. True to expectations, the status went to " pending review" and the reject notification came the next day. It will be a few days for the fund  to return barring any hiccups. So plus 1 for new experiences this year 2023.

Its not so simple. Accounts are quite fluid nowadays and liquidity will be easier.

Nvm, I found the RHB offer. Need to log in to see.

One question to all sifus:

"Upon maturity, the e-CMDi/e-FD placement amount together with the profit/ interest earned shall be automatically renewed to an ordinary Comodity Murabahah Deposit-i (“CMD-i”) / Fixed Deposit (“FD”) with the same tenure at the prevailing board rate as per published in RHB Group website."

Unlike my experience with MBB and Affin which clearly state that at maturity the principal and interest earned will be deposited back into my savings account, how will it work in this case? I must manually "cancel" the FD placement is it? If so, any troubles with that? I'd have much preferred if it was auto, but if manual, anything to be aware of? If it starts renewing to another term, will I incur any penalty for "cancelling" it?

Just went to public bank. Starting today no more 4.8%

No wo rhb allows renewal or withdrawal on maturity date wan wo.