Received SMS 2 hrs back on the above promo.

UOB FD promo has been at 12 mth 4% for quite some time. Now raising it to 4.08%. But still losing out to some other banks like CIMB and Bank Muamalat.

Just curious with BR. Still having lots of cash and no FD promo for few mths now.

I have not encountered the issue with PBB. Even interest over weekend can get as well.

Few yrs back I OTC RENTAS fund from matured FD out from UOB and used cheque to place new FD to promo rate. All at the same counter, same time. The counter lady did not say anything about that. This may or may not work now.

In early May, I uplift FD from UOB and was offered FD promo rate. I declined as I wanted to move to CIMB for the 4.2% FD. So u can ask UOB if they can offer u the promo rate also.

But unless u wanted to do online termination and xfer funds out. Which I have done before as it is convenience for FD lower than say 50k. No need to go to UOB to do it.

Suppose to be 2/10 but they could terminate it earlier. PIDM protected.

This post has been edited by bbgoat: Jun 18 2017, 09:42 PM

Ya, UOB branch depends on how eager they are to want to retain the fund. At one time even for a large 6 digit fund, they still won't allow going for FD promo rate. Then as I said, in May they offered the FD promo to me, then at another time said can top up 10k can do. (above talking about matured FD)

This post has been edited by bbgoat: Jun 18 2017, 10:13 PM

Planning for another Bank Muamalat 12 mth 4.5% FD on Wed. Called their CS, if use personal or banker's cheque, still FD eff date 1 day later. He can deliver the cert to me on Friday.

Thinking of opening SA to resolve this eff date and collecting of FD cert issue. Lets see.

Hopefully not opening a can of worms again ! Have been seeing diff version of this Bank Muamalat FD eff date, monthly interest etc.

This post has been edited by bbgoat: Jun 19 2017, 05:06 PM

UOB's 4.08% with monthly interest is attractive. But for every 100k, in Bank Muamalat, the diff is RM420 in 1 year, minus 1 day interest lost and no monthly interest etc.

I think I will still cap putting FD in Muamalat. Anyway still plan to put the third one in this Wed.

For FD of how long ? Any link on their website ?

Thanks !

Not FD, Saving Plus acct.

In Affin Bank to terminate 4.5% FD and move over for another 4.5% FD in Bank Muamalat.

Actually not enough and was planning slightly later placement but saved by dividend paid from 5.5% CIMB bond !

Affin still having the 4.3% that I mentioned before. Only selected branch has it as I mentioned before. Min is 80k but could be as low as 50k, need to talk to them and see. As I wanted to move to Bank Muamalat, so did not pursue any further on their 4.3% promo.

Went to Bank Muamalat for 4.5% FD with personal cheque. Eff date the next day. They will send the FD cert to my house.

Opened SA with RM20, to plan for next placement with RENTAS xfer !

Below Affin Bank promo flyer taken while terminating FD:



This post has been edited by bbgoat: Jun 21 2017, 06:59 PM

Well, can be unusual or usual depending on how u look at it. For Muamalat using personal cheque is "usual". Best is to open SA then can do RENTAS xfer and will not loss interest 1 or 3 (over Sat to Monday) days.

This post has been edited by bbgoat: Jun 22 2017, 11:58 AM

So far all the banks that I use, even for personal cheque, FD eff date same day of placement. Only Bank Muamalat has this issue.

The last time I encountered it is with HL Islamic FD, gave FD cert same day, but eff date 2 days later. That was 3 yrs ago. Heard someone commented that HL Islamic FD now has same day eff date already.

Good info !

I checked with the officer, he said just received memo from HQ. If want the 4.5% rate, need to bring cash BEFORE 2.30pm TODAY !! After that the rate is 4.3% !!!

Shxx, just opened SA, thinking can do RENTAS for next placement, now have to look for a better rate elsewhere. But the 12 mth 4.3% looks like still the best for 12 mth FD !!

New info from Muamalat officer. Customer can request top up for the 4.5% FD, min still 100k. So for those guys who has placed for the 4.5%, can call to get approval first.

Info flow down may not reach some staff, even in HQ. The memo came out this morning so some HQ staff did not even know about it.

Haha, Like yesterday Affin Bank asked where I was placing the new FD, told them Muamalat !

He used the term top up in WhatsApp. But I believe he is referring to NEW FD of >100k, for those who has previously placed FD.


Have to call first make sure get approval before u go there. But not sure this will last for how long ???

So how is your plan of putting in for the FD there (after getting the big bucks), enough time to get the fund there ? Probably can talk to them about it.

This post has been edited by bbgoat: Jun 23 2017, 08:11 PM

Even my plan for next week in Muamalat may change as well. Opened SA thinking can use it but 2 days later, they pulled the brake. Can ask for approval but not sure next week still can do or not.

Checked with the officer, still need 100k and above.

We normally liaise with the branch, how can the HQ don't allow?

The officer just replied saying can try next week but no promises.

Anyway it is dynamic situation. I have to prepare for what if situation.

Affin Bank also can be considered. Except the 4.3% is for 2 years and for selected branch only, min 80k.

For Affin, my earlier post did say could ask if 50k and above for the 24 mth 4.3% deal. But the official answer is 80k and above for the deal.

"but with HQ approval & RM 100k, 3%", u mean 4.3% ?? The branch that told me also said interest every 6 mths, as I reported >2 weeks ago. But I did not ask whether it is Islamic or conventional FD.

See some big shot said about Bank Muamalat's 4.5% deal ? Same as I said, can get 4.5% with approval.

This post has been edited by bbgoat: Jun 28 2017, 05:56 PM