for fd placed using personal cheque will the bank give value on placement date or check clearing date? is this the same for all banks - any one have recent experience on this?

I actually started the 5 years FD a bit late, followed one of the taikor here.

Should have put more into the 5 years FD. 

Anyway, just have to watchout for next cycle coming.

The tiered interest payment all correct? Mine expiring next year, didn't check so far, just remember like every quarter different rate, effective 4.65%

Anyone MBSB matured recently having different amount of interest amount credited?

1 matured (RM22.5K) on 4 May got RM627.23
1 matured (RM22.5K) on 8 May got RM617.05

I thought the interest rates are fixed?

I see..thats pretty awesome extra 2 days get extra RM10

simple noob questions,

if Mlaaysia FD rate are so low, 2. xx% , is it better i put in SG bank?
1% FD in SG > 2.xx% FD in MY since SG Dollar 3x of malaysia ringgit.

Dont blast me, im really bad in maths

my HLB FD mature 12th may

PETALING JAYA: Many Malaysians who have cash to spare appear to be more prudent during the movement control order (MCO) period, which saw an increase in money deposited in the banks.

Statistics released by Bank Negara showed that deposits in the banking sector saw a rise ever since the MCO started in March.

According to the central bank's monthly data, savings by individuals in ordinary savings accounts rose by RM6.37bil in March to RM170.03bil compared with February. The amount saved jumped further in April by RM9.57bil to RM179.6bil.

Savings in such accounts by Malaysian have not seen such large increases but large jumps do happen from December to January in previous years.

The amount saved in April 2020 was 17% higher compared with the same month last year.

It was the highest monthly year-on-year jump based on the central bank’s data stretching back to January 2007.

According to the figures, the amount of savings deposits in commercial and Islamic banks by customers under the category "individuals" stood at RM179.6bil in April, compared with RM153.3bil in April last year.

..........

FD rate terrible,
first time in so many years have to accept  3.0% rate
rugi besar loh,
every 1M , income less by RM1000 a month...

what about bank rakyat?

Does anyone know whether can get FD interest when terminate FD on the maturity date at Bank Rakyat? My FD matured on 9/9 and I went to terminate it on the same day, however, i only received principal credited into my saving accounts but not the interest. Thanks.

Why do banks do that ? It doesn’t make sense to consumers .... most consumers would rather put their lump sum into the fd straight ... rather than splitting it into the earmark savings acc ....

If transfer large sum from Bank A to Bank B with the account holder name is the same person at OTC, does such letter still needed?

How to get this rates? cannot find in options.

Just to confirm with your guy.

For RHB over the counter FD, will the record appear in my online account?

If yes, can we perform withdraw online without visit to the branch on the FD mature date?

Thank you.

I remember that OTC FD record will appear in online account but today I check it, it is not appearing.

Yes, the will give out a carbon printed computer slip as FD cert. If I can uplift/withdraw it online then it will be much easy and prevent covid also.

.... <snip>

It would be helpful if everyone here writes down the reason for transferring out the rmoney as "Placing FD at Bank ... at higher ... % for ... mths". This will give a strong and convincing quantitative feedback to the bank management to raise their rate when they see proof of the trend. I do this always nowadays, and yes the banks do respond with a better rate after I done it although the benefit falls on others and my later maturities.

MBSB sounds like Bank Rakyat. Such a hassle to transfer fund out. BR don't issue Banker Cheque and have to rely on Rentas. The DuitNow mechanism is rubbish.

Really ? omg. i think their banking not ready on this. i also just made transaction this afternoon and got this incident. screw it! if unsuccessful just refund us back the money . why take so long to refund.

One of the reason I dislike this FPX way of FD placement.

Another reason is, I tend to forget to change the limit of the bank first