Wait for OPR outcome before placing FD? Who knows, BNM might have to raise rates to stabilise the ringgit, tho analysts' consensus is no hike.

Thot BNM is independent?

As far as I know it is not limited to Privileged customers.

If anyone knows otherwise, please advise.

If place 300k, 150k will get FD 7.25% + 100k Truesaver (max 2.5%). The balance 50k in Truesaver will get 0.75% only.

To get 7.45% for FD, someone mentioned 500k, and the Branch has to seek approval from HQ. I enquired last week when I placed 100k, staff said need larger deposit . I believe it also depends what is your overall AUM with AmBank. If you already have existing deposits or other products, there is better chance of getting support from the Branch to request for higher FD rate. No harm just try and ask.

It's unpublished. but the branch staff have the rates

You will still get 7.25% for any amount of FD. But because the FD has to be bundled with Truesavers account, if your total deposit is 300k, the last 100k will earn you 7.25%x 50k + 0.75% x 50k = 4.00% effective rate on the last 100k.

Same experience for me. But that was 3 years ago.

Does this mean can get another 100k under Truesaver-i at 2.5% interest rate, in addition to 100k under conventional Truesaver at 2.5%?

But I just read this T&C:


3.4 In the event where the TRUE Savers Accountholder(s) holds two (2) or TRUE Saversaccounts, Bonus
Rate will be awarded to the TRUE Saversaccount that maintains the highest balance during the month.



This post has been edited by BWassup: Nov 4 2023, 02:41 PM

ok, let us know if successful

As you mentioned debit card is tagged to one account only.

BTW, monthly interest is available for conventional FD no? Mine is monthly interest, but I'm senior (>50).

This post has been edited by BWassup: Nov 4 2023, 03:52 PM

Tho the TnC says the account with highest balance will get the bonus, how do they monitor this condition? Manually? Is that why they need 5 weeks for the machai to check all our accounts and manually make the adjustments? Additional work

Anyway, all the best in your test case. If successful, we can follow

I didn't see this before. thot it was just verbal info by counter staff.

Thanks for sharing

Think same day also can, unless it is mentioned in TnC.

But I don't do that, since I need to use some of the funds to meet the spending requirement bonus interest.

Definitely can. You can even spend before you deposit, and even if the deposit is on the last day of the month, it still counts! I try to do payments as early as possible, so I don't have to think about meeting the 1k asap

Per T&C,

...Performs a minimum of three (3) transactions (applicable to bill payments (billers listed
on AmOnline Bill Payment webpage or JomPAY billers)...

The government related payments with JomPay codes are included then?

This post has been edited by BWassup: Nov 7 2023, 07:20 PM

What a strange reaction . Maybe she was having a bad day, work stress, year end coming targets to meet, etc.

Based on my own experience, UOB staff are generally courteous, professional and work speedily. And in terms of product knowledge, the staff are better than many other banks' staff. Just my 2 Singapore cents

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This post has been edited by BWassup: Nov 11 2023, 02:51 PM

hahaha I'm not Singaporean. 100% Malaysian. UOB Singapore Bank mah

6% for savings account? Need to meet other conditions?

Rize thread plenty of complaints about Rize.

But agree can't beat the rates for now. Hopefully will continue after 31 December.

I wouldn't say it is a trick. We are being asked to do some transactions to earn higher rates. Fair enough. It's clearly spelt out in the T&C (well, sometimes we may need to clarify some terms that seem ambiguous).

It's another option for depositors. Yeah we can always go for straight FD, but rates will generally be lower.

Complaints in relation to transactions blocking needing manual approval, 50 sen charge, non-payment or late payment of monthly interest, slow response by CS, etc.

Nothing to do with the promotion rates