Need to open any CASA?

Haha, 0.3%, not 3% (typo above). That is why I calculated that for large sums, the difference is significant enough to worth the effort. So though loss interest but still can gain from the 0.3% difference.

Except now have to factor in the cheque clearance.

Did they give u the FD cert or u have to go back to get it ? So FD dated 2 days later ? Today Friday some more. 

U used the town one or Bayan Baru branch ? Service good ? 

Did they say the FD will start on today or only on next Tuesday ?

Last time BR also doing it except FD still start on day of placement. Now to me they will give FD cert on the same day.

If I go to Bank Muamalat, I think I will go to the Bayan Baru one. Less hassle in parking issue.

Did the visit. The paper brochure for the promo shown to me still show 3.8% instead of 4.5% for 12 months for individuals just changed different as in their website for the large amount. So after adjustment, the 4.5% part actually is not from 3 April like the rest of the promo.
Dunno whether correct, but teller wanted more to qualify like 101k instead of just 100k minimum exactly.
The cert only issued after cheque clearing.

Is BANK Muamalat protected by PIDM?

To enjoy the Muamalat bank promo, what is the best way to transfer the fund in from other bank such as Maybank?
Bank cheque or rentas? Thanks

Any idea why islamic FD always provides higher interest and monthly interest compared to conventional?

One of my relative went to Bank Muamalat branch. Good service !

Exactly 100k placed to get the 4.5%, no need 101k as someone commented. Used BC but still effective date 1 day later, but picked up the cert on the same day.

So gsc, u only collected the FD cert today, placement on Friday ? Effective date when ? 

Ok, 4.5% needs 12 Months and 100k fresh fund....

No wonder so quiet haha

One forummer mentioned the 101k last week. So that is not true. 1 working day lost of interest is kind of acceptable. But even BC also need to wait for clearance !! 3 years ago got 2 days lost for an Islamic FD waiting for cheque clearance.

They did not give u the FD cert on Friday ? 

One more thing is they can offer cheque for matured FD which in a way is good as compared to BR.

Citibank 4.88% for 3 mths still available ? Mine one placed in late Feb for the same offer is maturing soon. Haha, gonna check with my RM if I can get this. This is open to all or just Citigold customer ? 

Visited Bank Muamalat again to clarify previous info. After all the adverts in the newspapers, the other banks can forget about their promos for the time being unless they up their rates.


2) The bad news - bank cheque and personal cheque treated same. Only on clearing can the customer come and collect FD cert. I hope this is wrong but not too hopeful as Bank Rakyat, and Bank Islam also practise this way instead of giving cert straight away subject to clearance like some other banks. As an example if placed on Friday 19 May with cheque, the Effective and FD issued and collect day is Tuesday 23 May 2017. Maturity Day is 23 May 2018.

DIFFERENCES is the "STANDARD" when it comes to answers and implementation.

From bank to bank, branch to branch, person to person, day to day, write-up to write-up, not to mention real reactions, changes and corrections after.

It is good for us customers to raise and make known the differences, confusion and inadequacies. Our feedback can help the bank management to become aware and more responsive to public views of their practices, providing an opportunity to raise positive perception of their bank.

At a muamalat branch now to put in FD at 4.5% rate. Already confirmed and there is no such thing as monthly interest crediting option.

Thanks for the info on Citibank's promo. Did not know that they stretch the promo from Feb till now.

Called my Ctitigold's RM. She confirmed that the promo will end by 31st May. But it is for selected customer only as I mentioned in March. So u are selected this time ?

I am unable to use the previous FD which are maturing for the promo. They need fresh fund for it. I am also NOT eligible for the pure FD of 4.88% 3 mths as I already max the amount in Feb/March.  But still able to go for the FD/UT combo (9.99% for 3 mth  ). So now planning for it. 

Sorry if this has been asked before but I couldn't find an answer when searching.

For Hong Leong Bank, can we uplift maturing FD (placed over-the-counter at branch A) at branch B?  Or do we need to go back to the placement branch?  Thanks.

sorry, but i don't find the answer I was asking...??       

For these FD promotions, after the tenure will it continue with the promo rate or back to normal? Cimb for my case.

yeah, islamic FD at times have higher interest rate.... saw it in MBB and AmBank myself on that. so, the the "change of rates" is particularly mentioning products like GIA... 
I not sure if it will uplift IMMD, but my guess is it will take a day. i.e., if you uplift today, your cash is only ready in your account by tomorrow.
8months 4.08% is...... min 10k or 200k?