Ya, that was what they told me over the phone. I indicated that in my posting. Also the name is MiFD ??

OCBC:
13 mth 3.85%
12 mth MiFD 4% with monthly interest (this one sounds interesting, was told different FD type, have to apply diff FD account, if interested please check with OCBC branch)

Looks like they have changed it to 4% instead of 4.1%.

https://www.facebook.com/GenXGenYGenZ/

Should be walk in from the facebook posting.

Good guess. I was thinking interesting name MI FD when they told me over the phone.

Unfortunately most FD promo's are OTC or walk in. Occasionally good ones like HL eFD (expired) appear and then disappeared !

I recently terminated my MBB GIA i with promo rate of 4.1%. Got the step-up 3.6% pa interest credited. This was the one few people asking me >1 week ago.

U also put in for one day there. No wonder MBB FD promo finished so soon. Your amt must be > x00k. No chance for other people liao.

There were times when FD interest only over 2% not too long ago, around 2010. So the 3.95/4% rate is still decent to me, though cost of living has went up over the years.

But recently able to get the 4.2% in MBSB.

I know u are going to say that.

Except may not be 100k, could be multiples of that.

Ya, for 4.2%, 6 digits level. Interest still on maturity. Nego but still unable to get monthly interest for 4.2% either 9 mth or 12 mth FD.

Talking about AmBank, this made me really "treasure" the 2/3/5 years FD promo with AmBank at 4.6/4.5/4.55% rates that were still running. Last one till Oct 2020 !

In 2015, AmBank has been quite aggressive in FD promo. Then in 2016, not much going on. I recently went for MBSB 9 mth 4.2% which net RM200 for every 100k that I put in, compared with AmBank 4%. For 500k, it would have been RM1k more.

Oh sorry I was using p.a. yield to calculate. Actual should be 9/12X1k for the add'l gain.

This post has been edited by bbgoat: Jan 9 2017, 06:00 PM

Ya, I have reported the same experience with PBB here last year. The teller will calculate the non working day and give u cash straight away.

Other banks:
AmBank will calculate and bank in the interest
RHB ditto
OCBC ditto

UOB and BR best, adjust maturity date to next working day.

HL wise now 1 week still no news. Claim have to check with HQ. Going to kacao them today.

This post has been edited by bbgoat: Jan 10 2017, 09:13 AM

Received call from AmBank ABM at 7.15pm ! FD promo 9 mth 4%, min 10k, tilll end Feb.

She is asking for help of topping up deposit in AmBank, if not .......................

17 separate placement.

Finally received 2 days of non working days interest from HL after 1 week. The branch claimed system issue.

Anyway getting >RM100 free money.

So, ask the banks if your FD matured over non working days like Sat/Sunday or public holidays. Provided u go to bank the next day after that. Though not all banks will entertain that.

This post has been edited by bbgoat: Jan 11 2017, 10:46 AM

Really !

U have to ask them. Some forummer reported also that RHB and AmBank not giving the non working days interest. But I got it from them as well.

U have to see if the amt is worth the effort. Though for me so far, just say it and they understood and will credit to my SA. They typically have to get approval from BM. Though PBB is best as the counter staff will pay u cash straight away.

This post has been edited by bbgoat: Jan 11 2017, 11:02 AM

They typically use board rate for the few days calculation. As it involve extra work, they would try to ignore u. If small amt may not be worth the effort.

Never that way. Principal remain unchanged thru' the step-up's !

U better read and understand step up promo T & C, not sure if all are the same. Some people actually do NOT like step up as it make keeping track of the step up interest difficult.

I go for step-up is because the overall interest still decent, nothing to do with step-up by itself. Some step-up allow withdrawal at next change without penalty.

You can rule out Citibank. They seldom has FD promo, if they have will be for Citigold customers (like last year once only I think). Their FD is board rate as compared to FD promo rate of other banks.

Unless, of course, u have no issue with the std FD board rate.

This post has been edited by bbgoat: Jan 14 2017, 09:41 AM

Haha, have nego with BR and got 4% with monthly interest. Lower than the 4.2% of MBSB. Will be moving out from BR.

Waiting to see if BNM make any surprise move on OPR in 2 days' time.

Not sure Datuk Lim moving to where ? Though I did move to retail bonds and probably ASX but FD still remain big portion.

BR up the game a little bit !

Received SMS from BR:
4.08% 12 mth min 10k

Also win prize up to 40k with T & C. Until 23/2/2017

This post has been edited by bbgoat: Jan 18 2017, 03:18 PM