Ambank FPX
9 months 2.50%
18 months 2.70%

Min. 10k

https://www.ambank.com.my/eng/promotions-pa...e-eFD-FPX-Promo

I dont dare to put for 18 months 🙊

if i got the bullet, i'd do this first

been long time FD rate hardly >2.4% for general pure fd placement. min rm10k and convenience of FPX, tempted!

i got some placements expiring end Apr-early May ... thinking to start having banking relationship with Ambank just for this 

Depends on individual. Ambank ABM advised me to hold on to a matured FD 2 days ago. Saying she heard new promo coming out soon.

It paid off with this new promo though losing 2 days FD interest. I would still place for 9 mths. She thought OPR likely to go up later part of the year, though it is just individual view.

I have been placing for 6 mths FD recently.

check when is your placement date and if the date overlapsed on a weekend. If it does, then the computation will based on the next working day for the payout which is why there will be more on certain months and so. Hope this helps.
The hefty fines doesnt seem to have impacted them much as their profit is quite substantial for FY20. Maybe just their staffs wont be getting more bonus next month.

While im aware the fine did affected them badly, i dont think it will threathen their survivability.

Just that I know OPR is likely to be raised sooner or later. It can come as soon as this year end so I wont be taking this interest rate risk and lock in for so long. The likelihood of OPR raising by at least 25bps is very high in 18 months time. 25bps increase = breakeven, anything more is an opportunity loss. No worth to take the risk from my pov as risk manager

If we take current level as the benchmark - 2.35%-2.45% FD rate, OPR at 1.75%, there is a liquidity premium of 60-70 bps.

If OPR goes to at least 2.00%, add with 60-70bps, that's 2.60-2.70% akin breakeven level for ambank's 18 months FD rate

Honestly, the competition for retail deposits will only become more intense as loan growth gradually pick up

BR still gave
1. 2.75% pa for 11 months when OPR was 1.75% last year
2. 3% pa for 11 months when OPR was 2%

On 9 July 2020, I still managed to get 2.6% for 12 months at CIMB

I guess the safest bet might be to go for 9 months at Ambank then if there is an impending increase of OPR within the next few months.

This also available OTC.
Min. 10k casa ...no earmark.
So, pandai2 sendiri what you want to do with the 10k after FD placement.

Those interested better call your branch to check 1st ya.
Not sure if this OTC thing is available  at all branches or need HQ approval

Initially,  RM said fpx only. Told her of inconvenience of fpx limit.
She then said she'll try seek HQ approval for OTC

bad luck, just locked-in with mbsb 18months yesterday

9 months is a safe bet but 18 months not so much.
I want to see what HLB can offer. Usually, HLB, RHB and Ambank being the mid tier players (exclude those smaller players) are the ones who are more agressive in term of rates

good question
just a survey, what is the reasonable amount (above 6 figures?) would you consider to withdraw to gain the 0.2%, considering in-out loosing 3-5 day interest ?

that's ~rm250 for 100k, ~rm2500 for 1mil
so how much would you consider to withdraw and reallocate ?

Hi all,

i have one FD with Maybank which i would like to withdraw upon maturity. The FD is currently on auto-renewal. I understand that i will need to present the certificate personally to the specific branch which I open my account for the withdrawal upon maturity. But it is difficult for me to travel back now due to this pandemic.

Would it be possible for me to give instruction to the bank (any branch) to change auto-renewal to withdrawal upon maturity without me going back to the branch in my hometown? Anyone has any experience? How should i do it?

I have tried searching online, and only able to find the instruction for premature withdrawal, which is not I wanted. I want the FD to be withdrawn upon maturity.

Sorry for the noob question and thanks in advance.

hi guys. anyone of you face transfer from bank A to bank B, Bank A show sucessful, but bank B show unsuccessful. Amount alreayd deducted from bank A. what should i do now.

Same here, within 5 working days for refund

Same happened to me this afternoon     

I believe is FPX middleman issue. I encounter before last year. Same, have to wait FPX revert/confirm the transaction (transfer).
Bank A already completed the transaction into FPX. So Bank A will say done, nothing they can do.
Middle there behind the scene is FPX and they screw up here.
Bank B not yet receive anything. So Bank B will say don't know.

How's the bank SOP nowadays?

Am a OTC person.   

Last I went was during MCO last month. have to stand queue hot outside the Bank. (Tiger bank bank queue soooooo longggg:bangwall:)

But the SOP is goodlah must support it.     

Hypothetical question:

Affin FD says must mark 10% CASA.

The amount will be locked/inaccessible in the Saving account?

or we can still withdraw the amount? Accidentally withdraw a portion of marked money how?

Eligible Customer must earmark the CASA for a period of FD tenure placement. In the event customer performs early upliftment of the earmark amount on the CASA before the completion of the tenure, customer is no longer entitled for the FD Promotional Rate/ AFFIN INVIKTATM FD Promotional Rate Customer may proceed to request for early upliftment of the earmark amount and perform necessary transactions for example, withdrawal or closing of CASA.

"Customer may proceed to request for early upliftment of the earmark amount and perform necessary transactions for example, withdrawal or closing of CASA."

Correct me if I am wrong, from the text:
This means we must go to Branch OTC and request for the marked CASA to be released?

BTW, why is everyone talking like Ambank is the best and only FD choice?

Hong Leong is giving a good rate for 6 months, although got 10% earmark. 2.55%

And 3.6% rate if apply for their credit card combo (1.6% FD and 2% into CC). The only condition is to spend RM200+ per month for 6 months. This is like a cash rebate....

Anyone will choose HLBB online 24months at 2.40%pa or 12months at 2.35%?

My main concern is that will FD rate increase this year?