I've placed FD with Ambank this morning. Few hours later, I received a weird Whatsapp msg asking me whether Im interested in looking for a part time job. After lunch, I received call from oversea number, of course i didnt answer.

Do any of u encounter such issues after placing FD & etc?

I dont think the banks provide FD certificate.  If you look carefully, it is just an acknowledgement of receipt for placement in FD.  It is not a FD certificate

Is this the norm? Does eFD always get a lower rate compared to over the counter? I've been using eFD for so many years I never even bothered with over the counter FD rates, maybe I should reconsider.

Fed rate decision 21 Sep consensus is 75 points rise with target 4.5% by Feb 2023. Present Fed rate is 2.5%. This strong trend signals further rate increases for MALAYSIA. How high can we tahan bearing in mind elections

i use desktop computer. but still need download bank apps for approval.
most banks sms not applicable alrady.

Can we see a 5%??? come on malaysian banks! hit the 5% FD this year!

Ok HSBC now have 4.9% 12m FD.
In GBP ....... 😅

not being cynical...

if u hv 2mil, u r on yr way, vv smart.

why ask those who have 20, 200k what to do?

please, dun take the joke too far, some may get offended.

KDI 3.5% for 1st 50k only. Versa pay interest monthly, 3.20% is the net % after all charges/fees.
KDI 3.5% no other charges/fees.

Who else wanna join in to get the 1%?

HLB TIA suppose to get 2.8%, but only got 2.57%

Good for 3 mths, then rates raise again.

But problem is need to have 2 people.

https://worldofbuzz.com/80yo-msian-loses-en...online-banking/

Pretty scary

RM600k FD also dont mind lose 1%?
Your sister RM1.35M also same?

2 Million FD lose 1% pa = RM20,000 a year
past 30 years you have lost RM600k !

I lodged a report with Maybank. They just called to say yesterday they had too many systems issues, and as a result the transaction unsuccessful. She confirmed I will be refunded but not sure when, so far no refund yet.

affin bank promo rates eFD

a. 4 months  @ 3.85% p.a.
b. 6 months  @ 3.95% p.a.
c. 9 months  @ 4.00% p.a.
d. 12 months @ 4.15% p.a.
e. 18 months @ 4.20% p.a.

Why is everyone here saying interest rate is reaching its peak for this cycle?

We're not even at our pre-pandemic levels of 3.00% - 3.25%! And given the historically high interest rates, there might be chances for even higher rates this year.

Key thing is, none of us have a crystal ball. Extremely premature to make blanket statement such as this.

if monthly they pay interest, if let just say after 10 months then i decided to withdraw will they clawback the interest from my principal amount?