That is ok. I stagger my FDs all year round. just take whatever has the highest, unless you are expecting much higher interest rate soon, which is why i put for 3 months starting a few mths back. If you put your money in low interest instrument, you will also lose out a few months of high interests while waiting. You can't win the Banks. No point. Previously KDI Save very good coz it beats all FD rates and flexible. Money there hang on until see who has better FD rates. Now is still a good place to hang your money, but if hang too much, will lose out since FDs rates are much better now. Hopefully by next year can reach 4%+!!

And i just made another Ambank placement just now.

This post has been edited by CommodoreAmiga: Sep 16 2022, 10:40 AM

I would say Ambank is best now. Only requirement is minimun RM10k. No other BS. Just click click on my PC and i continue to watch my Netflix. No dealing with OTC with bodoh staff is very important to me.

No.

Certain banks like Bank Rakyat (originally Bank Pertanian?) don't have PIDM. Also depends on products. Only savings/current ac and pure FDs are PIDM protected. I think some term investment also not PIDM protected, but i am not so sure. Need some sifus input here. Anyway, unlikely Bank lingkup, if Bank lingkup means whole country shit hole and RM already toilet paper. Put what protection also no use.

Not sure, it was something else then. Maybe not Bank Pertanian. Forgot. But it definitely not falls under PIDM.

Open acc must go branch lah, after that everything online.

Why place for 5 years for such a low rates?? Even last year can easily get much better rates than this!

Probably if you account or deposit is high enough, can nego a little bit. But I doubt it can go more. Right now, we expect rising interest rates. Bes t is to keep for 1 yr max as that is the optimal rate right now. Stagger your money to every month and you can get better rates moving forward. In the meantime, you can opt to dump your money in KDI Save for a 3% daily compounding interest while staggering.( If you have nowhere better to put). You can take money out of KDI Save anytime with only 1 or 2 days waiting for withdrawal process.

Maybank kedekut as always...

Before Covid also interest rates high mah, didn't die then, so no issue lor.

These are board rates. I can't find anything lower than 2.3% last year. It's between 2.3% to 2.8% (for 12 mths) lst year. I stagger my FDs every month. Not that hard to find. Always go for promo rates.

Yep. 12 mths promo rates is always higher than 5 years board rates. Seriously, utter nonsense.

Mod please clean up thread. Those who want to fight please start thread in Kopitiam.

I think usually TIA will have a slight discrepancy but it is too small to be of significance. Considering all the hassle of OTC, 0.05% isn't much. I would rather take Ambank.

Yeah, please update us....sounds like too good to be true...later got hidden invisible fineprints....

Hope it's true mang.

To cheat old unker aunties and stupid people. What else!!!! Achievement unlocked!

Update us when you do.

But the rates really significant wor. 0.4% to nearest online contendor. Worth the leg work. If just 0.05% more like CIMB, I rather stay at home watch Netflix.

Nice! Thanks for the info. After you post this gonna be fill with unkers from Lowyat.net....lol.

Bring cash???? Wow. You want to invite robbers?? . Pretty sure can do FPX or transfer to your savings account first. If any bank needs me to bring cash in year 2022. I am not going to deal with that bank.

Most banks have a Limit including Ambank for online transfer. 30k is reasonable. Just stagger your FDs to multiple FDs of 30k. Usually I don't put more than 20k because this will usually pass most bank limits. Some bank really jalat like OCBC only allows 10k Fpx but allows 50k for normal transfer (purposely done one, I bet). So I just transfer to my account with bigger transfer limit before FPX.

I am confused. Means must apply online savings account before go to the branch? Which type of account to apply?

Compared to Ambank and MSBS very bad Liao...for most part HLB usually has the better rates most of the time. Hope they up the game.

I leave all my account open mah. So I have many accounts. Treat it as small cost of doing business. Lol. Some are free also like CIMB and RHB (as long as you met the criteria which is very easy meet).