As mentioned before, my relative got the FD cert on same day, except effective date is one day later, using BC.

The branch in town asked u to come back to collect the cert.

This post has been edited by bbgoat: May 24 2017, 09:44 PM

Citigold when I first joined it >13 years ago was at 200k AUM. Last 2 years they have raised it to 300k (or 350k ?) then 400k this year. I was offered the pure FD and FD/UT combo. But my RM, maybe tactfully, said not sure what is the criteria for the "selected customers". Surprised that the campaign last for so long. CB FD rate is simply board rate except for rare promotions !

Anyway I am still going in for the UT/FD combo with fresh funds, cannot use the matured FD.

So u are the "selected customer" now ?

I did not get the special eFD promo for CIMB. The branch told me they do not know how the HQ selected the customer though I am their Preferred customer.

Thanks for the confirmation. As I mentioned, my relative used BC, received FD cert on the same day. But effective date 1 day later. So at least 2 independent confirmation on this, at 2 locations ? So someone can rest the case for now.

On Monday I plan to place it, thinking whether I want to open SA first and do RENTAS on Monday ? Or just use personal cheque. Not sure yet.

This post has been edited by bbgoat: May 25 2017, 09:23 AM

Called to Bank Muamalat branch in preparation for Monday FD placement.

Personal cheque or BC both one day clearance. So no need for me to go to bank, get and pay for a BC. Just issue personal cheque will do. Save 1 trip to bank.

FD cert can obtain the same day but effective day the next day.

No monthly interest, so no need to open SA.

Wow, the officer even SMS back and say thank u for calling ! He served my relative and my relative was impressed with his service !

This post has been edited by bbgoat: May 25 2017, 10:32 AM

Getting cynical !

The officer did not know me, neither I said putting in x00k !

My point on SA is exactly what the officer advised. If u recall, some forummer has been asking about whether can avoid opening SA. Too many SA and may end up having dormant account !

This post has been edited by bbgoat: May 25 2017, 11:27 AM

My take is if one has 500k to be placed as FD, then u might not want to put all in the same bank. U might want to spread out to more than 1 bank.

PIDM for conventional and Islamic account is separate protection. Not talking about whether they have or not have enough in case of problem, separate issue.

Putting >500k in the same bank is another consideration for some sifu/UHNWI here !

Hey guys, show some respect to seniors .......................

BR do not give BC anymore. Can call them to confirm first.

Use RENTAS or OTC IBG for the xfer. That is what I have been using.

However u can call them if the branch u used may have exception. BR branches sometimes operate differently.

In CIMB to withdraw FD. Was told the 4.2% for Preferred customer no more since about 2 week ago.

Now Preferred customer can get 4.15%. Normal customer 4.1% still available. Monthly interest option still available for Islamic fd.

A bit surprised that CIMB dropped the Preferred 12 mth rate to 4.15%. Anyway for major banks, their rate is still the best for now.

Terminated one CIMB 4.2% FD placed 2 weeks ago. Moved to CB for UT/FD combo for FD 9.99% 3 mths.

Monday planning for Bank Muamalat 12 mth 4.5% FD.

In MBB today, not sure if the info was posted before. For those interested in short terms FD, 2 mth 3.65% min 25k.

It started with so called selected customers in Feb. I asked my Citigold RM today, she is not very sure if it has opened up to all Citigold customers. No harm to ask if u have an RM. But this campaign is ending by end of May ! U can ask for the pure FD of 4.88% for 3 mths. Or get UT/FD combo 3 mth FD 9.99%. U can get into both campaign but there is a limit set for each customer.

I was in CIMB to withdraw earlier placed 4.2% FD (placed 2 weeks ago). The counter girl told me that. 2 weeks ago the BM called me saying the 4.2% will be dropped, which I reported here. But she asked me to call her to get the 4.2% rate. Have also reported here 2 weeks ago. Anyway as I am not interested in the 4.2%, so did not talk to the BM or RM. Friday CB FD/UT combo of 9.99% FD 3 mths. Monday going for Bank Muamalat 4.5% !

Until Muamalat drop the campaign, then may enquire with CIMB again. They are the next highest for 12 mths FD !

Ya, I have said they are ending by May 31st. So I caught it on Friday before they end the campaign !

Doubt if they will entertain 250-300k. They have raised the AUM to 400k, don't think they will accept 300k. Previously before going to 400k, they allow old Citigold customer to maintain <300k. Now they are asking ALL to go to 400k or above or risk cancellation.

This post has been edited by bbgoat: May 28 2017, 09:45 AM

Short answer: risk is in UT portion. I won't go into FD/UT combo because of the FD promo. It is because I already wanted or need to buy the UT. U may already "lose" from the sales charge of UT. So the FD promo is just a good timing or sweetener at the time of buying UT.

This post has been edited by bbgoat: May 28 2017, 07:55 PM

CIMB 4.2% Islamic FD placed on 28/4 received monthly interest today.

CB 3 mth 4.88% pure FD maturing tomorrow. But principal amount and interest already shown in online account.

So tomorrow going to Bank Muamalat for the 4.5% FD !!

Ya, Muamalat earlier FD promotion for company account. I thought u have went in as company (director) account.

Looks like will miss CIMB WOW gift for FD placement until such time Muamalat stopped the 4.5% promo. Though did collect CIMB Preferred Visa Infinite card last week.

MBB GIA i, cannot use it to park temporary funds already (starting Aug 1st ?) !

250k AUM for CIMB Preferred. No need current a/c. Any more question can post in the Priority Banking thread.

This post has been edited by bbgoat: May 29 2017, 12:03 PM

OK, went to Bank Muamalat branch this morning. Got the FD cert after 25 minutes. Good service !

Not hearsay, below are what I gathered:
- no monthly interest
- FD cert on same day but effective date 1 day later. I used personal cheque My relative used BC, same 1 day eff date
- can combine cash, personal cheque or BC for the FD placement
- cannot break into <100k per FD cert, each FD cert has to be 100k and above
- BSA start with RM100, minimum RM20 in acct
- For internet banking need to open CASA, need debit card which has yearly RM12 fees

Did not open BSA acct as has to maintain RM20 inside and no monthly interest. Only advantage is if RENTAS in large fund and can get FD effective same day.

Was given a golf umbrella without asking !

Whoops, can get monthly interest. If FD is RM500k or more ! So those with large fund, can ask for it. Missed this round !

Please note below effective date 30th Tuesday. So happily collected the cert today. No need to go back to collect it. No hearsay either !

While the counter lady was processing my FD, another lady passed me the golf umbrella. Jokingly said I had too many umbrellas, whether they have other gifts. However it seems that that is what they have. Unlike BR which has many different gifts for depositors.

I think another forummer reported he/she got the golf umbrella last week. My relative got it last week as well.

If one top up to 500k ? Can't be sure. Better for u to call them and ask.

Going there again this Friday unless there is change of plan !

I used to park even 1 day to 2 weeks fund there before I uplift to place FD. Have earned pocket money there. Hahaha !

This is similar to the CIMB one which I have placed before. This was discussed here few times in past 3 years or so.

Anyway the key point is the return is NOT guaranteed. It may looks good in terms of return. But u may get 0 return if the KLIBOR turns against u !

This post has been edited by bbgoat: May 29 2017, 05:07 PM

According to the CIMB branch that I used, the Preferred rate has dropped to 4.15%. But u could still get the 4.2% by asking for it.

I have 5 placements of CIMB 4.2% with monthly interest. The first one monthly interest flowed in on 28/5. Terminated one (left 4) to move to CB with FD/UT combo of 9.99% 3 mths FD.

I think I will miss CIMB's gift for now until such time Bank Muamalat terminate their 4.5% FD. Though could ask for those CIMB gifts but hesitate to be thick faced.

The golf umbrella Bank Muamalat gave is WITHOUT me asking, if u have read the above posts (yesterday's one).