We are seeing cost push inflation with a inflation rate 4.5%. Bank Negara will not increase the OPR to dampan the economic growth. GDP surprisingly hit 5.6%. Personaaly I think the GDP may be manipulated. If there is no external global factor, for example Brexit, OPR will remain unchange till year end.

Citi Gold qualification is 400k but no harm to explore if you have 250-300k.

Cimb 4.2% , min placement rm250k. No document required. Need only mykad to open the account.

Where is the promo ad that said 4.2% for min 10k?

The branch i went to was kind enough to call KL to approve 4.15% for non preferred customer. For for her kind effort, I decided joined as preferred customer. She was very helpful to replace the earlier 4.15% to 4.2% FD cert. She said I still can get 4.2% provided I take up the current account. CIMB unfixed deposit can still be a good choice to those who need to use some cash but uncertain when.

It stated Cimb preferred....meaning for existing preferred customers...

Cimb no longer giving 4.2% for preferred customer. Was given 4.1% only. Didnt insist to get higher rate from Cimb coz i i may withdraw it.
Anyone know the rules on withdrawal prematurely? Wonder how they calculate the interest if withdrawal was carried out prematurely. Do they forfeit interest for incomplete month or they apportioned the interest?

Citi 9.9% FD bundle with UT is still available. Will end this month

Rough estimate ..yes.
Bank is using number of days to calculate not months.

For 3 months FD
Rm10000 x (4% /365 days ) x (total number of days in these 3 months)

Which branch? I went to the one at Beach street

Any indication on FD cert or black and white somewhere else that monthly interest will be paid? RM500k placement for monthly interest?

This post has been edited by gsc: Jun 9 2017, 10:08 AM

Made a placement on 6 June. 12 month rate was 4%. Saw the ad stated promo started in May...how come the counter staff didnt inform me....

This post has been edited by gsc: Jun 19 2017, 10:57 AM

Somehow i hesitate to place more in Bank Muamalat even though the difference is big.

Has placed in Cimb for its flexibility on withdrawal and today UOB FD Plus 12 months at 4.08% for its monthly interest. It is quite straight forward to place FD Plus for UOB existing FD customer who has a saving account.
I was told that this new rate was only available on 15 June and will end by June 30th.

4.2% for priority customers. Min 50k

This post has been edited by gsc: Jul 3 2017, 11:13 AM


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RM sent this to me. Priority customer 4.2%

This post has been edited by gsc: Jul 3 2017, 11:16 AM


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Uob 7 months 3.95%.

Uob jul to end aug promo
12 months 4.08% remain

This post has been edited by gsc: Jul 3 2017, 04:34 PM


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No loose change...try Am bank 4.2% monthly interest....just placed one at Am bank

Yes I did make placement with Bank Muamalat but hesitate to place more.
The bank is 70% owned by DRB Hicom which recently sold their Proton to China Geely. Bank Muamalat is a good and cheap source of fund for DRB Hicom to match with Geely on any future fund injection.
Another guess is the bank needs to show good performance in total deposit in 2017. There wasn't any increase in total deposit in 2015 and 2016.

The 4.5% promotion supposed to end in Oct but dropped so fast to 4.3%. Am bank 4.2% with monthly interest for priority senior citizen is quite competitive

12 months FD
Muamalat
4.3% minimum rm100k

Am bank
4.2% priority. Minimum rm50k
4.1% non priority minimum 10k
For senior citizen, monthly interest. Am bank senior citizens are comparatively younger, 50 years old

UOB
4.08%, monthly interest, minimum rm10k


11 months FD
RHB
4.15% CASA balance RM 10k and above, min rm25k,
Valid till 30 Sept which is good coz UOB and Am bank ends 31 Aug.

Citi gold 4.88% for three month just ended 30 June. Did you manage to do it for 2 times...meaning after 3 months 4.88% and get in again .

It is a step-up FD.
It seems the least cost is apply credit card (new to HL) or top up rm1000. Wonder any tie in period for the RM1000



This post has been edited by gsc: Jul 7 2017, 03:06 AM


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Go to bank early morning, use IBG transfer the mature FD into your cheque issuing bank account. The money will be credited within the same day.

For online banking, we can perform instant transfer, not sure do they have this feature in interbank transaction....