Quarterly interest credited to principal on every roll-over. ?

Did you clarify with them if "Rates are subject to change according to time" applies to quarterly step up roll over too ?
Most commercial banks will not change the promised step up rates of a contracted FD but not sure about BI though.

Did you clarify with them if "Rates are subject to change according to time" applies to quarterly step up roll over too ?

Effective return from MBSB 2 years FD @ 4.65%pa with full interest paid on maturity is equivalent to a 2 years FD @ 4.47%pa with interim interest paid quarterly (assuming quarterly interest is reinvested at the same nominal rate).

BI's effective rate should be slightly higher than 4.65% if it pay out interim interest on each quarterly rollover.

Just curious, MBSB has Relationship Manager too?

Online uplift eFD to a savings account is your only option. Then you can OTC banker's chq.

Nothing much other than free IBG and IBFT and a free RM40 Petronas voucher which I never receive.
Opt for Islamic Saveplus to get 3.55%.

This post has been edited by aeiou228: May 2 2018, 02:10 PM

Your 4.88% 6 mths wasn't an eFD ? I thought you mentioned it in your Apr 24th post that it is a no-cert eFD?
Normally, eFD can only be uplifted via internet banking and same goes to OTC FD can only be uplifted OTC.
I haven't come across any bank that can offer cross eFD/OTC FD withdrawal. Someone claimed that his OCBC OTC FD can be uplifted via internet banking, I tried to do the same but to no avail.

For those into AUD FD
UOB promo rate valid till 30 June.
1 mth @ 3.10%p.a.
3 mths @ 2.5% p.a.

Alliance Bank Saveplus account.
Promo period:- 1st Jul to 30th Sept 2018
T&C:- Maintain incremental daily average balance of RM60K in July, August and Sept.
Reward:- RM320 petrol card
Approx effective yield:- 3.5% + RM320 = 4.78%

I received the campaign thru email.

Received call from Affin.
15m 4.45%
18m 4.5%
24m 4.55%

Earmark xxx amount (sorry I can't recall the exact figure but it was not a big amount ) in casa for 3 months.

I login via mobile portal, can't find the 4.5% promo. You use desktop web portal ?

To count FD placement duration (no of days), no need so susah payah counting the days, just input placement date and maturity date in this Days Calculator portal.
https://www.timeanddate.com/date/durationre...6&m2=04&y2=2019

Just placed iFD 4.49% 18mths, no Casa earmark, fresh fund. @ Affin. Promotion ends on 22nd April as reported earlier.

I like to read your posts, very informative and always supported with pictures and official links, you will make a good TS. I would suggest you open a new FD thread for 2019 and new thread every year. The reason for yearly thread is because old FD rate info is unnecessary in our search for best rate.

Double post deleted

This post has been edited by aeiou228: Apr 24 2019, 01:21 PM

I actually find the updated re-quote very useful. I think Boom is doing a great job, one glance see it all. As suggested, the next poster who re-quote, please use the spoiler and try to delete outdated promo.

Top FD Promo - Updated 3rd Jun 2019

Please see (9) Alliance.

Above 12mths
(1) Affin 4.23% for 15 months (@deal hunter) end 31 Dec 2019, CASA 10%
(2) Affin 4.15% for 13 months up to 24 months. Interest paid every 6 months to saving. Min RM 10K. This is board rate
(3) RHB 4.00% for 15 months (@deal hunter) end 31 July 2019

12mths & below
(1) Bank Islam 4.4% for 6 months. Min RM 5k. Available until 30th June 2019
(2) Bank Islam 4.2% for 3 months. Min RM 5k. Available until 30th June 2019
(3) UOB 4.10% for 12 months, with monthly interest
(4) Affin 4.05% for 12 months (@deal hunter) end 31 Dec 2019
(5) Affin 3.90% for 12 months. Interest paid on maturity. Min RM 10K. This is board rate
(6) OCBC 3.85% for 12 months min. RM10,000
https://www.ocbc.com.my/personal-banking/ac...d-deposit.html#
(7) RHB 3.85% for 8 months (@deal hunter) end 31 July 2019
(8) OCBC 3.60% for 6 months min. RM10,000 (@makciklum)
(9) Alliance 3 months step up FD. Effective rate 4.15%, monthly interest. Available until 30th June 2019.

Top eFD - Place FD online -- Updated
HLB 3.95% p.a. with min RM10,000 for 6 month tenure
https://www.hlb.com.my/en/personal-banking/...fd-i-promo.html

If your FD amount is small, yes, you need to consider travelling cost and time loss. But to some big time depositors here, 0.5% is good enough to prompt them going over to bank counter. For each 100k, they would make extra RM500/pa over 30min easy banking chore, so why not.

Affin FD rates update.

All promos ended. Highest rate now is 4.15% 13months. Half yearly interest. Applicable to renewal or fresh fund.

Danm.. I got cheated by unprofessional bank staff.