Affin, uob got promo ? CNY promo ?

For the AmBank FD/True Saver combo, yesterday my 2 True Savers accounts received the bonus interest, earlier received on 4th Jan.

Not sure how the bonus interest was given by AmBank (in terms of the day given out), so now going to be consistent after several complaints ?

Anyway, this has increased the effective FD rate which is why we placed FD into this promo.

Ya, all labelled as "Credit Transfer". Have 3 True Savers account. 2 separate names. For same name True Saver acct only one with highest balance will
get the bonus interest. I only found out later. Haha !

Anyway no complaint now as the bonus interest increases the effective FD rate already ! 

I dont understand... why are the FD rate for over the counter higher than online?

Why are banks encourage us to go to Bank when it can easily be done online?
Is it their counter staffs have nothing to do? Or is it they want many people to squeeze inside the bank to make the bank looks very busy and lively?

Just curious, would anyone put interest upon maturity (3.9%) or opt for monthly interest (3.85%) for a big FD amount?

Luckily.. TQ so much guys
Feeling better.. although amount is small, but still feel uneasy lah when money just gone from the air

what to nag? consider happy when got back money. else crying

Who to bear the cost?

but this is Elite customer (>1m in bank)

1. No confidence with ASNB (No PIDM vs FD)

2. Thinking No units available all time (didn't get latest information)

3. Long relationship with the bank. Sentiment value. Thus stil having FD placement

4. Diversification purposes (FD is safe & guaranteed vs others risky asset class)

5. EPF quota full already (since got only 100k per year). Temporarily park in FD before moving to EPF next year / cycle of 100k

1. Yup. FD rates is confirmed upon placement... Banks need to honor them even if market rates dropped... Simply cannot adjust what is locked before 🙏

2. You talking about ASMx fund?  Then yes. After 1st, you lose out on dividend...

3. This one also about ASMx fund??? It's 2k per month...

So basically there's pro & con for both FD & ASMx fund... Pick whichever is suitable for your risk, objectives & preference....

My guess, it is for the 1.75% bonus of the final month.

Placement on 15th May 2023 means mature on 15th May 2024. But since the bonus payout is every 22nd, the final month's payout will be 22nd May 2024, after mature.

But then you said it is 3x, so i may be wrong.

It's a trick. Last time lure new customers with rm120 cash upfront. Now show high interest but the cap makes the total payout less.

Last time when HLB eFD has problem which I couldn’t withdraw the principal for a week, i did not even complain the lost interest and still keeping my other eFD with them.

By excluding me from the promo HLB has now completely lost all my business with them. They only deserve RM10 deposit from me now onwards.

Going to uplift the BI 4.5%, looks to me to go to MBSB 4% 12 mth one. But it is OTC.

I wonder about that too, whether will still get the Bonus interest if withdraw both FD+True Saver on mature date.

Also, did you manage to find out about the interim interest/profit thing?