Pre-mature withdrawal no penalty for FCFD?

But FCFD tenure is very flexible right?
From 1-day or 1-week to 12-months?

I have a same thought as you too.

His CIMB RM.

Here's the campaign T&C: https://av.sc.com/my/content/docs/my-fixed-deposit-tc.pdf

Economists see no further OPR easing in next MPC meet after October’s 1.5% CPI drop

UALA LUMPUR (Nov 25): Economists are keeping their target of a 1% contraction in inflation for 2020, after consumer prices in October fell for the eighth straight month — which was largely expected — with no further overnight policy rate (OPR) cuts expected at the next Monetary Policy Committee meeting scheduled for January next year.

October's consumer price index dropped 1.5% in October from a year earlier, according to the Department of Statistics Malaysia (DOSM) today, dragged by a decline in transport (-10.2%), housing, water, electricity, gas and other fuels (-3%), and clothing and footwear (-0.4%).

Deflationary pressure is likely to persist in November, CGS-CIMB economist Michelle Chia said in a note, as an appreciating ringgit against the US dollar helped to mitigate higher oil prices to result in a further 2.5% to 2.9% decline in petrol prices month to date, while retail price for diesel only rose 1%.

https://www.theedgemarkets.com/article/econ...ers-15-cpi-drop

Good news?

How higher are we looking to see?

Let's say for amount of RM 500k or RM 1mil.

PB Journey Junior Savers Campaign



Campaign link: https://www.pbebank.com/Personal-Banking/Pr...mpaign-(1).aspx
T&C link: https://www.pbebank.com/pdf/Promotions/tc_jjs-en.aspx

Affin eFD [Extended to 31/12/2020]



Promotion Rate:
1. 6 months @ 2.36% p.a
2. 9 months @ 2.38% p.a
3. 12 months @ 2.25% p.a

Promotion Period:
1 December 2020 to 31 December 2020

Minimum Placement Amount For Each Certificate RM10,000
Maximum Placement Amount For Each Certificate RM200,000

Campaign T&C: https://www.affinonline.com/AFFINONLINE/med...paignTnCEng.pdf

This post has been edited by GrumpyNooby: Dec 1 2020, 12:51 PM

Anybody got info for this?

Best Fixed Deposit Promos – December 2020

Monthly Update
Here’s a roundup of this month’s updates to the best fixed deposit accounts in Malaysia:
1. Overall, Islamic FD products continue to offer higher interest rates compared to conventional FD products.
2. Bank Rakyat offers the best rate for most FD products this month (1, 3, 6 and 9-month tenure). However, do take note that Bank Rakyat’s FD products are not protected by PIDM.
3. The highest interest rate recorded in this month’s round-up is 2.40% (KFH Malaysia; 12-month FD), whereas the lowest stood at 1.60% (AmBank; 1-month FD).

Article link by RP: https://ringgitplus.com/en/blog/fixed-depos...nt2nfMLr_SHk7Bg

Got link?

The frequency and the month it is going to be held are roughly fixed.
Just the date could be moving around.

Should be the 2nd bank after Maybank.

RHB launches mobile e-ticketing services, same-day appointments

KUALA LUMPUR (Dec 4): RHB Banking Group has launched mobile e-ticketing services and same-day appointments at 50 selected RHB Bank and RHB Islamic Bank branches in Malaysia, with the help of the Queue Management System (QMS) app.

https://www.theedgemarkets.com/article/rhb-...ay-appointments

Revision of Deposit Rates Effective 1 January 2021
-4 December 2020

We wish to inform that effective 1 January 2021, the revised deposit rates are as follows:
- Revision of Deposits Rates Effective 1 January 2021 (Link:https://www.affinonline.com/AFFINONLINE/media/assets/announcement/BI_ConventionalInterestRate04122020.pdf)



For more information, contact our Call Centre at 03-8230 2222, visit your nearest AFFINBANK branch.

I don't think so.
Better check with the bank; different bank has different policy.

Which makes sense as they can track the date of the inward transfer of the fund.

You can make it out to another and then move it back.
Fresh fund policy usually has number of days to consider as fresh fund; 5 working days for example.
As said policy varies from bank to bank and could be from branch to branch too.

Can get higher than 2.4% pa for 12m?

Yes, available for eFD:




T&C link: https://www.affinonline.com/AFFINONLINE/med...paignTnCEng.pdf



This post has been edited by GrumpyNooby: Dec 17 2020, 08:39 AM