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 Fixed Deposit Rates In Malaysia V. No.15, Strictly for FD Discussion Only

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lamode
post Nov 7 2018, 06:02 PM

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one question for maturity date falls on weekend. my case is with ambank, but keen to know for other banks as well.

3rd and 4th Nov is weekend, and the maturity is on 3rd nov. it’s clear there will be interest for 3 and 4 nov if i uplift on monday, 5 nov.

what if i uplift it from 6th onward? will i still get interest for the weekend mentioned above?

sandkoh starry guy3288

This post has been edited by lamode: Nov 7 2018, 07:01 PM
lamode
post Nov 7 2018, 06:53 PM

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QUOTE(Cookie101 @ Nov 7 2018, 06:21 PM)
Refer #8964 #1 - still valid.

Simple answer- no.

But can make them pay by going extra mile. Personally think not worth the effort unless it’s >50.
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thanks for reply, but I do not see any info on #1 sad.gif
#8964 is not correct, if he visit the bank on following business day, the interest will be paid, i have gotten that before.
the corect info is in #8965.
lamode
post Nov 7 2018, 09:56 PM

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QUOTE(starry @ Nov 7 2018, 08:02 PM)
From my experience, both Ambank and PBB don't pay weekend interest if you withdraw on Tuesday or thereafter. But still, no harm trying to ask for it  smile.gif
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QUOTE(sandkoh @ Nov 7 2018, 09:39 PM)
susah to ask if take out on 6th. best on next working day.
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ok thanks guys, i shall rest my case notworthy.gif notworthy.gif notworthy.gif
lamode
post Nov 8 2018, 10:51 AM

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QUOTE(tornedo @ Nov 8 2018, 10:40 AM)
Hi, if say totally not cimb customer, what are the steps needed to get onto the cimb eFD.  I have been using Maybank and HLB only for the past few years.

Seems, that CIMB and BR are now offering better eFD.

So for the CIMB steps:
a. go to branch and open saving acc first? What are documents require, just IC will do? Any minimum saving, and any recurring fees like debit card?
b. get internet banking (how long to process before getting the id/pass)
c. get online and create the eFD over the link posted in this forum?

** Interested in any good offer in eFD only, because not convenience to visit any banks branches.

Thanks for advise guys.
tornedo
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A. RM20 for basic saving acc, no recurring fees, details please search in cimb website.
if officer told you no such account, speak to branch manager, if still don't have, tell them you will feedback to bank negara.
B. immediately, bring your phone along to get TAC.
C. in theory yes, it should works.
lamode
post Dec 15 2018, 10:29 PM

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QUOTE(hurtedheart @ Dec 15 2018, 06:16 PM)
May I know placement of FD for one month, say placed on 15 dec, the maturity should fall on 14 jan instead of 15 jan, correct?
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QUOTE(Wong Kit yew @ Dec 15 2018, 06:46 PM)
It should be on 15 Jan.
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yes, that's correct.
so it can be uplifted on 15th, and the last day of interest is 14th.
lamode
post Dec 17 2018, 03:40 PM

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just back from CIMB taman connaught.
placed 4.5% 6m under islamic.

as excepted, they didn't know about this at first, I asked them check and they only confirm got such promo rate brows.gif thanks all Sifus for reporting red hot info here!

PS i heard SA/CA is needed, no big deal to me as I already got BSA for years smile.gif

This post has been edited by lamode: Dec 17 2018, 03:41 PM
lamode
post Dec 18 2018, 03:45 PM

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QUOTE(msa9696 @ Dec 18 2018, 11:11 AM)
Quickly changed my pw after saw that
Just curious, those who has multiple smaller FD deposits online (i.e 30 pcs of RM 5k), if kena hack missing 1 pc not even sure will notice or not haha
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sure will notice, because the FD will automatically go into CASA.
lamode
post Dec 19 2018, 12:49 PM

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QUOTE(se800i @ Dec 19 2018, 12:26 PM)
how many Minimum $$$ to get that 4.5%?
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10k
lamode
post Dec 19 2018, 11:34 PM

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QUOTE(guy3288 @ Dec 19 2018, 01:52 PM)
Saw 6 month 4.5% FD here, i called my RM to put some .

She told me dont put all in FD, can get better return  open new Preferred Current Account PCA. RM10k get RM188 next month.

So i remove RM20k open 2 PCA accounts, will get RM188 x2 by 19.1.2019.then close PCA.
*
i hope she told you that you will kena charges number 3 as well.
https://www.cimbbank.com.my/en/personal/pro...ed-account.html

This post has been edited by lamode: Dec 19 2018, 11:34 PM
lamode
post Dec 20 2018, 12:24 AM

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QUOTE(guy3288 @ Dec 20 2018, 12:06 AM)
she told me wont apply cheque book or debit card, so no fees. She even showed me her previous customers all
did that ,some from even Aug and Sept, but T&C you guys provided above said this starts only from 1.11.2018,
i am confused now........what she told me is quite different.

Will wait for her to get back tomorrow
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i have done it last campaign last year, it has always been there.
that fees is charged when you close the account, i'm assuming those from aug and sept yet to be closed.

and also its not a month, its 8 to 10 weeks, my cash reward came about 2 mths after opening of account.
see clause 10.

https://www.cimbpreferred.com.my/content/da...eward-RM188.pdf

This post has been edited by lamode: Dec 20 2018, 12:28 AM
lamode
post Dec 20 2018, 10:12 PM

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deleted

This post has been edited by lamode: Dec 20 2018, 10:17 PM
lamode
post Dec 20 2018, 10:13 PM

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QUOTE(cheepet @ Dec 20 2018, 04:59 PM)
for fresh fund only.... I have one maturity on 1st week of Dec... went to OTC and refuse to give me the 4.35%.

I withdrew all RM55k as it had been with HLB for 12 years....

No customer retention effort..... mad.gif
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QUOTE(ericlks91 @ Dec 20 2018, 05:02 PM)
aiyo u transfer the money to other banks, then transfer back will be considered as "fresh fund". wink.gif
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QUOTE(cybpsych @ Dec 20 2018, 05:25 PM)
you didnt read the T&C properly and how bank define "fresh fund"
read the T&C of this new promo...

“New Funds” are defined as:
(a) Cash, Financial Process Exchanges (“FPX”), instant transfer, interbank GIRO, new funds received via
telegraphic transfer from other banks, local cheque or banker’s cheque issued by other banks which are
deposited into the existing or new FD Accounts of the Customers opened with HLB / Hong Leong Islamic
Bank Berhad’s (686191-W) (“HLISB”). For this purpose, new funds must be placed and deposited into the
Customers’ existing or new FD Accounts within seven (7) days of the transfer to HLB / HLISB.

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based on few of my personal experience, if cash consider as FF, then it's all depends on the officer want to do your biz or not.

few times they allowed me to withdraw FD as cash, plus or minus a bit of cash, and use it as FF to make new FDs under promo rate brows.gif thumbsup.gif
lamode
post Dec 31 2018, 03:12 PM

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QUOTE(beLIEve @ Dec 31 2018, 01:37 PM)
I've the same problem here, but instead of Tuesday, I uplift on Monday (today). Due on Saturday 2 days ago. They didn't give me any interest for this 2 days. I called their CS and was informed that I won't get any interest because it's automagically renewed on Saturday.

From the statement above, it's clear that interest will be given if uplift on Monday. Anyone managed to get it automagically without a big complaint?
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just an update, i have gotten it earlier this month for a Ambank FD maturity on Sat and uplift on Monday.
if the branch insist dun have, then either you make big complaint or accept the fact...

This post has been edited by lamode: Dec 31 2018, 03:13 PM
lamode
post Jan 6 2019, 12:04 PM

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user posted image

https://www.ambank.com.my/eng/promotions-pa...PriorityBanking

Full TnC https://www.ambank.com.my/ambank/SiteAssets...yBankingTnC.pdf
lamode
post Jan 6 2019, 01:15 PM

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QUOTE(cybpsych @ Jan 6 2019, 12:32 PM)
still ongoing
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sorry, didn't see you posted before, you are fast! nod.gif
lamode
post Jan 14 2019, 02:13 PM

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QUOTE(guy3288 @ Dec 20 2018, 12:58 PM)
i am suprised my RM still says she is right, she has done it for her other customers,
she told me dont bother about the T&C
Anyway, PCA already opened, my deposit already in yesterday,

She told me next month she will withdraw all the RM20k for me plus RM188 x2,
any fees she will waive.

i prefer to trust her
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if you dun mind, please keep us posted how it goes icon_rolleyes.gif notworthy.gif
lamode
post Jan 17 2019, 01:35 AM

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QUOTE(beLIEve @ Jan 16 2019, 04:02 PM)
lamode gsc
Ambank - Since my last post, I emailed their CS, and of course, took a couple of mails to straighten things out, that's why it took ages that I got the final response today - They'll pay me the weekend interest.

I just asked them politely, what is their official policy for interests/profits of FD that matures on weekend/holidays, because some people gets it, others don't.

p/s : As I posted earlier, phones to 2 different CS already said no interest. So I resorted to email.
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thanks for sharing the update n congrats on getting the what you should have.

sometimes it’s not about the amount, but the principle that matters, big organization like this should have better SOPs instead of taking advantages of their customers, esp those lack of info or feeling not worth the time to “fight” for it.

This post has been edited by lamode: Jan 17 2019, 01:35 AM
lamode
post Jan 17 2019, 11:08 AM

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QUOTE(mrhseinpingq @ Jan 17 2019, 04:55 AM)
you mean they re-calculate and pay you?
do they allow do that? i tot system printed cannot change
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Banks can always credit manually in a separate transaction, you may want to search more on this in this thread if you are interested on how diff banks handle weekend interest.

I have been in IT industry over a decade, no such thing as system output data can't be changed (maybe not directly, but must be able to do so with workaround).

humans created systems, and errors/bugs happen all the time, we if cannot change/control them, then it's like the Terminator movie already. sweat.gif
lamode
post Jan 17 2019, 02:45 PM

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QUOTE(Deal Hunter @ Jan 17 2019, 01:30 PM)
Thanks for the comment/feedback.

At times I do wonder if management levels actually have such principle or written SOP or system requirement. Sometimes staff changes and new brooms at top level can cause havoc with their baggage or new introductions. Or perhap it is a napoleon style or discretion thing and the top is actually blur and clueless?

Sometimes do not know whether it is deliberate change action by bank to follow another SOP, or just simply hired programmer simply celup some old program from here and there just to update/maintain for the year and introduce old SOP or bug.

Always used to have such kind of programming debug problems when programmers adjust websites and operating programs until make it more foolproof when get smart to know the typical transition errors.
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I believe there is a SOP for this, but could be lost or parts missing when passed on from people to people, OR the branch just simply too lazy to manually process the interest as Ambank's system doesn't seem to calculate it automatically like CIMB and MBB do.

Off topic:
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This post has been edited by lamode: Jan 17 2019, 02:45 PM
lamode
post Jan 23 2019, 08:56 AM

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QUOTE(guy3288 @ Jan 23 2019, 12:12 AM)
RM188 in
*
congrats! seems like ur RM is right.
manage to close without fees?

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