The last bank run in Malaysia was MBF berhad 1999, BNM took over the bank, and refunded the customers.

bro, it is gia-i, not fd. just work like fd during normal time until ................

I think people need to understand why MBB still has FD and GIA-i. There is still a difference for the two as far as MBB is concerned.

This post has been edited by bbgoat: Dec 24 2016, 08:52 PM

it's ok the first sign of trouble i will withdraw it

So this e-gia, if you choose promo rate and tenure of 6 or 12 months with 10k up etc., then what if you uplift it before maturity? You still get the interest with promo rate or board rate??

That's what everyone hopes to do. Wish you all the best.

follow the step up rate.

Well I look at the Promo PDF.
It says in 6 month tenure, step-up rate for 1st month = 3.6%
Board rate now will be 3.55% I think.

So isn't it better if lets say a person wants to place 1 month or 2 month with > 10k, just choose the PROMO instead of board?

Then just uplift before maturity say 1month later, get 3.6% as oppose to 3.55 standard rate.

Will it work?

Seems feasible, can you please try it out and enlighten us?

It works. Tested before myself

actually cam go for RHB 4.1% for 6 month...
no need go for GIA

RHB deal need min 50k. If not bothered about PIDM, can go for MBSB, min 50k, 6 mth 4.15%.

I am planning to nego with MBSB on 9 mth 4.2% or higher.

It is just 0.05%. I think cant notice the different unless it is a big amount right?

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This post has been edited by filage: Dec 27 2016, 11:12 AM

Hi,
Anyone here knows PBB's policy in the calculation of FD interest of placements which matures on a weekend?

You have to tell the counter staff on this. They will calculate and give u the add'l interest.

Just made a call to UOB. Below is the latest FD promotion, valid until 31 Dec.

4 month : 3.80% p.a.
6 month : 3.85% p.a.
9 month : 3.90% p.a.
12 month : 3.95% p.a.

Fresh fund required.

Thanks for the reply bbgoat

The FD is placed for a tenure of 6 months under the following promotion step up rate:



So the interest for the final weekend should be based on board rate or promotion step up rate of 4.68%? This happened to my friend. One PBB branch calculated based on the board rate but another branch calculated based on the step up promo rate for FD placements which mature on a Saturday and uplifted on a Monday.

This post has been edited by starry: Dec 27 2016, 12:33 PM

Based on my experience with few banks, most used the board rate. One of them seem to use the last rate on maturity as I calculated the add'l interest given which is more than the board rate.

Anyway we have to ask to get this though some banks may not entertain it.

From my experience so far HSBC and HLB systems auto-calculate the weekend interest based on promo rate. There's no standard guideline from BNM regarding this?