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 Fixed Deposit Rates In Malaysia V. No.15, Strictly for FD Discussion Only

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kplaw
post Nov 2 2022, 05:19 PM

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QUOTE(rocketm @ Oct 11 2022, 07:56 PM)
I recently encountered that we have to uplift the matured efd by ourself on the maturity date. Then the principal and interest will be credited to our saving account.
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hi all, i got one efd in rhb matured today. saw the interest already credited into my current account. when i tried to withdraw (there's no uplift button) the principal into my current account, it gave me a message saying "you are about to perform term deposit withdrawal with interest/profit of rmxxx". does it mean the interest credited will be forfeited if i do the withdrawal? i did not dare to proceed seeing this message. anyone proceed n successfully make the withdrawal with the interest intact on maturity date?

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kplaw
post Nov 2 2022, 06:30 PM

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QUOTE(BWassup @ Nov 2 2022, 05:29 PM)
No problem. The system is telling you that the upliftment is WITH interest, as it should be if it is not a premature upliftment.

I did one earlier this month, similar info displayed.
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thank u for responding!

i clicked to proceed then it showed me the following page, would the interest become 0 as shown? did u get this page as well?

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kplaw
post Nov 2 2022, 08:07 PM

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QUOTE(BWassup @ Nov 2 2022, 06:57 PM)
In my case, my interest was not credited to my account until I uplifted the FD. I think the information on the screen displayed at each step depends on what maturity instructions you provided originally when you placed the FD. Mine was to renew P+I, so only when I uplifted on maturity, both the P+I were credited to my account.

It seems that from what you have shown that you probably selected renew P but I to credit account, that is why your interest is already automatically credited by the system. I am trying to think logically based on what you have provided, since I do not have all your information biggrin.gif

If the above is the case with your placement, I believe you can just uplift the P now.  The screen you shared previously informed you that you will be getting the P+I due today upon upliftment (In your case, the I has already been credited today based on what you had chosen at the onset of the FD). You are not making a premature upliftment, hence it does not make any sense that the I will be reversed out upon upliftment.

If you are still uncomfortable, can call RHB helpline for confirmation/guidance.

*RHB does make it's upliftment screens seem more complicated than it actually is  laugh.gif
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thank u for the elaborated clarification! appreciate it! i think u are right that it depends on the renewing instruction. i also called the cs n she said the credited interest wouldn't be taken away, after a long time of checking. then i proceeded to do the withdrawal n it happened as u said. thank u again!
kplaw
post Nov 11 2022, 01:19 PM

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QUOTE(wkalvin @ Nov 11 2022, 01:03 PM)
for 2nd one, non combo i-term deposit, can make online OTC ?
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can, i did it recently online but provided u have saving account from where the money is transferred to the fd
kplaw
post Nov 11 2022, 01:31 PM

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QUOTE(michaelangelo @ Nov 11 2022, 09:21 AM)
my RHB e fd matures today and i tried to uplift it but the interest is not credited into the amount..only uplift the principal..
is this correct? i placed on 11 nov 2021- 11 nov 2022 matured..like lose 1 day interest. I dont have this issue with HLBANK
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pls see my posts and the responses from the helpful BWassup, your case may be similar
https://forum.lowyat.net/index.php?showtopi...ost&p=105740103

This post has been edited by kplaw: Nov 11 2022, 01:37 PM
kplaw
post Nov 12 2022, 12:37 PM

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QUOTE(CommodoreAmiga @ Nov 11 2022, 01:55 PM)
Experienced?? Took 4 person to have a mini meeting to discuss how to use system to create FDs about a week ago when I was there.
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Hahaha wondering if u are in kuching, the same happened to me twice when I did mine in kuching satok branch. Yesterday even worst, I got 1 of their efd due n transferred out the money to another bank so that it would become fresh fund when I transferred it back for its 4% fd. I enquired at the counter if they would allow me to place the fd if I transferred back the money, really as expected they said cannot since the fund was originally from the bank! After much hot argument n seeing the top management, I was allowed to place the fd with condition like shifting matured fd from other banks to them! After that I was even left unattended by them after I transferred the fund over until I made noise! Did a complaint with their customer survey after the fd placement. Really senseless not to welcome back the fund!
kplaw
post Dec 14 2022, 02:54 PM

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Just renewed my fd at bank rakyat kuching satok branch. Was given approval for 4.5%pa for 18 months placement with some top up. It also comes with monthly interest payout since the tenure is over 6 months. Surprised to get a free gift too!

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kplaw
post Dec 14 2022, 05:02 PM

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QUOTE(winterbear @ Dec 14 2022, 04:25 PM)
How to get the 4.5%?
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They whatsapped me for renewal today with their 6m 4.05%pa, I took the opportunity to request for similar rate as at ambank n public bank for 18 months tenure. They helped me to get approval with some top up n got approved! My amount is nearly rm200k btw.
kplaw
post Dec 22 2022, 11:44 AM

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QUOTE(Junichiro Tanizaki @ Dec 22 2022, 09:53 AM)
RHB app is even worse. The "approve/disapprove' notification does not even appear! How to withdraw the efd?
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I'd the same experience b4. Called the customer service n did some settings changes, but worked only for a short time after that. I then uninstalled n reinstalled the app, approved everything esp the notification part during the installing process. It works after that, just look for the approval notification in the phone notification page.
kplaw
post Dec 27 2022, 05:38 PM

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Just placed one fd at muamalat satok branch n was asked to participate in lucky draw n won a tefal blender! The lucky draw seemed to be sure win one as I glanced got about 4 big prizes beside a big jar with about 4 ping-pong balls for u to draw. Not sure if the lucky draw is for every depositor or they picked me because I complained about their service before 😅 I placed rm80k for the 3m 4% promo btw n they even asked me to come back for another deposit n another draw tomorrow! 😆

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kplaw
post Jan 9 2023, 03:12 PM

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From my rm in ambank kuching abell branch

Dear all,

Good morning, *Special Empowerment Deposit Drive, *APPLICABLE FOR both ISLAMIC TD-i & CONVENTIONAL FD* will be offered below exclusive rates under branch empowerment :

Pure FD :
*2 month @ 4.00% p.a*

*For 6 month & 12 month please prioritize FD CASA bundle,
-*6 mths max effective rates @ 4.30% p.a for bundle > RM 1 mil*
-*12 mths max effective rates @ 4.40% p.a for bundle > RM 1 mil*

For pure FD, below are max rates:

*6 month @ 4.00% p.a*

*12 month @ 4.30% p.a*

Offer validity:
*6 Jan 2023 - 31 Jan 2023*

*above special empowerment valid from 6 Jan 2023 (strictly no backdate is allowed*

Terms & Conditions

1. *Applicable for Islamic TDi / Conventional FD & FRESH FUNDS only*

*(PLEASE PRIORITISE ISLAMIC PLACEMENT)*

2. Placement criteria : min RM 10k CASA balance is COMPULSORY

3. Approval via PIR is not required for Cheque / Cashiers Order

4. Applicable for *TD-i / FD > RM10k only*

5. Applicable for SPB & Retail SME

Happy Selling ☺️

For priority banking only

This post has been edited by kplaw: Jan 9 2023, 03:14 PM
kplaw
post Jan 9 2023, 06:49 PM

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QUOTE(guy3288 @ Jan 9 2023, 06:42 PM)
BR FD 24 month @ 4.8% ,monthly interest approved.
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Mine approved too today with top up, so good no need to move money 🙂

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kplaw
post Feb 11 2023, 09:40 AM

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Got mine too yesterday. They actually called me on 26/1 telling me still got few hundreds angpows not taken up yet. But I only made my deposit the next day after I managed to find the minimum amount rm10k required to join the cny td-i campaign. So lucky I managed to be one of the 1st 1000 depositors (existing customer category) n got the angpow! Rm399 is equivalent to 3.99% of my deposit n I will get the 4.3% at the end of the 15m tenure too! Thank u mbsb!

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kplaw
post Feb 11 2023, 07:10 PM

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just want to share my experience with my otc fd at muamalat. i had one due today n it was renewed despite my request to not renew it during placement! luckily i was able to uplift it online together with the interest. i have many 3m fd with them, so far this is the only one with this problem. the renewal instruction is not shown on the deposit slip but can be seen online!
kplaw
post Feb 11 2023, 07:30 PM

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want to share my experience with my 4.3% fd placement at ambank. i originally had rm90k fd with them. was a priority customer b4. i was able to place the 4.3% fd with rm100k fresh fund n rm10k in saving. on the same day few minutes b4 midnight i transferred out the rm10k. the next day my rm called n asked me to deposit back the rm10k sweat.gif she said i would not be able to get the 4.3% rate if i refused to put back the rm10k! i later told her i'll make some more fd with her when my fd at other bank matures then the issue is settled for the time being! tongue.gif
kplaw
post Feb 12 2023, 10:10 PM

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QUOTE(siawyent @ Feb 11 2023, 10:08 PM)
did she said how long have to put in the savings?
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She said at least keep it overnight. I argued that the tnc didn't say so that's why I withdrew out the money on the same day. I think the priority status should be captured before placement of the fd n have the rate locked. I did asked her what about my other fd with the bank mature n I withdraw out the money n the overall fd becomes less than rm200k. She said it's ok in that case n the locked rate won't be affected. 🤔
kplaw
post Feb 13 2023, 08:59 AM

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QUOTE(CommodoreAmiga @ Feb 13 2023, 08:14 AM)
I want to know how did you withdraw same day? Because I used mobile app and it didn't allow me. You do web or OTC?
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Using app few min before midnight. Didn't know it could be locked as in your case, that means the system really earmarks it!
kplaw
post Feb 13 2023, 01:57 PM

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QUOTE(rachelchan77 @ Feb 13 2023, 11:59 AM)
May i know which branch you went the staff so efficient?
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In kuching, got only one branch here I think
kplaw
post Apr 11 2023, 06:17 PM

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Just placed one 12m 4.3% fd at rhb. Initially wanted to transfer money from rhb to bank islam for the 12m 4.25% promo but the counter girl told me rhb got 12m at 4.3% but requires approval. I had about rm140k in my smartsaver account with about rm100k fresh fund n a rm50k efd at the bank, I told her I'll deposit rm130k n will transfer another rm60k at the month end if the rate got approved n no other bank has better rate then. The application got approved after waiting for more than 1.5 hours at the bank. She told me the application is normally for premier member but I don't have to become premier member if I prefer not to when I meet the criteria. I told her ambank got bundle fd promo at better rate (4.35%) that also requires approval n comes with monthly interest payout but I prefer not to deposit much more than the pidm insured amount at smaller banks at the moment.. btw the branch is at satok kuching.

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kplaw
post Apr 11 2023, 07:31 PM

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QUOTE(BWassup @ Apr 11 2023, 07:15 PM)
Both RHB and AmBank have increased their 1 year FD rates? Can share the links? Thanks
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I don't think fd rates that require approval got published. Ambank one was informed by ??!! in post #26314
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