my BI maturing end of the month..

when i placed the time and opened bank account, i didnt opt for debit card.

can still do online withdrawal kah? or need to have debit card then only have online banking

You can login you can test see
Easy
Actually me surprised otc fd with certificate by right cant withdraw online, now i have all the certs no money inside

i guess cannot. cause need to register first, and when registering need either Debit or CC

put my uplifted fd fund back to ambank klibor thingy. dont know what is it, but 5.35 every three month gives interest. trying out some new stuff...😂

klibor not min 3 to 5 years one meh?

5 years i guess. i ok with that lock period for the amount i just put. 😂

no debit card no ATM susah
no online banking interest keep sampai maturity
rugi lah.


wah bro, Klibor now already 3.59, sekali it hit 4.00 you get ZERO interest

At least Alliance bank guaranteed 1st year 6% no matter Klibor hit 4 or not...

For me both also no good
upper limit 4.00 too close,
margin 0.41 static and not increasing

i bought one from CIMB coupon 5.5% x 5 yrs,
Klibor then 2.86 , upper limit 3.75 = 0.89 margin
that limit increasing yearly 4.05, 4.25, 4.35, 4.50

Bank issued such product betting you would hit the upper limit
and get ZERO interest.

if they bet wrongly and klibor did not hit they can call back and return your money
If their bet is right Klibor hit limit, you get Zero interest
they wont call back
tied you down till the end with zero interest

In my case above CIMB betted wrong
got to pay me 5.5% every 3months...
after 18months they saw no chance for Klibor to touch its limit
they called back.

the bank islam 4.5% FD, the interest only paid upon maturity right?

BI 4.5% ada kah?
i have 18m 4.4% 6 monthly int
and 6 month 4.15% at maturity

4.5% at PBB adalah 6 monthly interest also.. maturity Jun 2024

oh ya kah. nanti i ask the banker. i think still can withdraw out online.

simple rule of money management, don't involve in things that you are not sure off.

true also. but within my risk appetite la. haha
try a bit 😂

What do you do with the True Savers portion? remain there?

Yes, no monthly interest for this

Ya i took all out, move some to another true saver (islamic) waiting to go the klibor thingy, the rest i transfer to rize (again) lol

Yeah, I think that is the correct move. Forgo that 1.75%, can get better rate with FD.

This post has been edited by Human Nature: May 15 2024, 04:02 PM

yaya. i have to also i guess. because i have another true saver account that i aim to start getting that 1.75 bonus (this or next month i guess)

Ya. Otherwise mostly we avoid OTC. Normally I move out 50K direct with BI, another 50K via OCBC Flex account's FPX function, meaning to shift 100K a day out from anybank is easy nowadays, because the normal 50K limit and FPX 50K limit is separated.
Still searching for 2nd, 3rd.. bank which offer this FPX add fund feature so that moving out 150K, 200K... instantly becomes a reality... and say bye bye to OTC when uplifting FD/TD.

This post has been edited by Joe Yuan: May 15 2024, 06:55 PM

BI accept non or not? sorri i am new to BI.

Yes

Thanks for the heads up.