Not too sure actually.

What I know is to get Invikta rate, have to be OTC. Not too sure about the normal CNY Lip Chun rate

Got the information on the Afiin Lip Chun promotion from an Affin branch manager.

Affin higher 2.4% pa FD than HLB TIA 2.35% pa.
Some more FD and not TIA

Invikta rates
1 m : 2.1%pa
3 m : 2.4%pa
6 m : 2.45%pa
9 m : 2.5%pa
12 m : 2.55%pa

Only can do OTC to get promo rate for UOB. Cannot do via Internet banking like other banks

Conventional

Affin bank

6 months 2.40% pa
12 months 2.50% pa

Both OTC and online placement.

Didn't ask about other tenure. Should have 1 and 9 months


Invikta customers get 0.05% but need to place via OTC

The clause is applicable for new placement during the promotion period. For FD, once u put in (both conventional and Islamic), the rate is already fixed for the tenure of the FD.

The only exception might be the step-up as technically, it is new placement at the step-up rate. Maybe those with experience in step-up FD, can share on this.

Technically and legally, there are two types of debit card:
1) debit card with unlimited withdrawal
2) debit card with limited withdrawal of 6 times per month

Type no 1 - annual fees of rm8
Type no 2 - no annual fees

Basic saving account with type number 2 is a pure basic account which all banks has to offer under BNM guidelines. Of course, then bank staff will not tell u this or offer this as there is nothing to earn. Thus, you need to stress to the bank staff that u want BSA with debit card with limited withdrawl as per BNM guidelines.

If not, just complain to BNM

It is clearly stated in your link that there should be 8 free withdrawal through ATM. I presume one have to use debit card to withdraw through ATM. Hence, it can be said that With BSA, banks have to offer debit card and hence, the debit cards falls into the 2 categories stated above


Attached thumbnail(s)

It seems that most banks are offering promotional rates for long tenure like 12, 18, 24 and 36 months. It seems that the banks want to lock in a lower funding cost in anticipation that the OPR will be raised this year or latest by next year.

A short term placement of 3 to 6 months seems to be a feasible option as might be worth to wait and see. Next MPC meeting is on the first week of May.

UOB May promo

As per picture attached


Attached thumbnail(s)

HLB May FD promo

⭐️May FD/ FDi Promo⭐️

🌸36months step up FD/ FDi
1st-12nd months 2.45%
13rd-24th months 2.80%
25th - 36months 3.15%
*Average return 2.80%*

🌸Pure FD /FDi
3months 2.10%
6months 2.20%
12months 2.30%
18months 2.60%
24 months 2.70%

✅FRESH FUND REQUIRED
✅OVER THE COUNTER PLACEMENT
✅Applicable for Conventional & Islamic
❌ not applicable for company FD

You need to do a calculation of the interest lost and additional interest gain. In other words, do perform a cost benefit analysis.

2.75% pa for a 12 months tenure is not worth it considering that market predictions is that the OPR will be raised again in the next 12 months - in fact, might be raised a few times 😁

Should be more than that unless there is a promotion by the bank. Credit card is considered as unsecured business and lending.

Different banks might have different cash advances interest rate

[quote=sweetpea123,Jun 5 2022, 12:58 PM]
Yes, i am already an Invikta customer. I was asking if Invikta rates can be found via efd. 😉
[quote=BoomChaCha,Jun 5 2022, 08:52 AM]
I noticed Affin eFD (islamic or conventional) rate is 2.85% for 1 year, when I go to place OTC, the rate is 2.9%

[quote=bbgoat,Jun 5 2022, 09:19 AM]
I asked Affin RM during signup, Invikta FD rates is only OTC. The Affin eFD rates do not offer special Invikta rates, even if u are their Invikta customer.

[/quote

Thanks.

[/quote]

Additional rates for Invikta customers are only for OTC placement.

The online system for efd is not clever enough to differentiate the different type of customer ls

Looks like a contest from the 2nd picture

You wish. The interest credited monthly will be clawed back. It means you get less from the principal amount.

Remember that FD interest is forfeited if there is a premature withdrawal.

No impact as once FD is placed and the interest rate locked in at 3.55%pa, then UOB has to commit to it

The difference between 3.55% and the 3.15% (Affin 12 months invikta) is 0.4%, which will be the acquisition cost of a a PB customer.