Yes. A lot of potential may be turned off, but probably can become Priority customer if put in a big enough principal. Some banks do this kind of discrimination in their promo offers, and not everyone can qualify. Even got promo offer by invitation only!!

Probably still OTC for Invikta promo as before.

Additional OTC Invikta rates:_
13-18 months 3.15%
19-35 months 3.25 %
36 months 3.50 %
From 13 months up, can opt for either payment 6 monthly or on maturity. Up to 12 months, only payment at maturity.

This post has been edited by oldkiasu: Jul 7 2022, 02:48 PM

Affin AUM as follows:-
Invikta - 200k
Avance - 50k
Normal - below 50k
Avance get 0.05 % and Invlkta get 0.15 % more than Normal customer except for 1 month and 37-60 months tenors.

4 other tips for EPF:-

EPF account not closed even after withdrew everything.
Housewife also can open EPF (done by PH under DPM Wan Azizah for wives).
Can only place maximum of 60k each per calendar year per parent till age 75 birthday.
Can withdraw if migrating.

Upliftment is general term for withdrawing the FD at any time.
Premature withdrawal is upliftment before Maturity Date.

In general, you need only to know that:-

1) You may not be allowed to uplift by premature withdrawal on the same day you placed the FD (if you changed your mind). For eFD, usually only on next working day. For OTC, depends on bank.

2) The bank will take back all or some (clawback) periodic payments made before Maturity Date in cases of Premature Withdrawal. Please be advised that some of the T&C may be obsolete and not updated, and there may be some confusion and conflicting interpretation and implementation about this between various banks/branches. This is clearly a sign of incompetence and tidak apa management and governance by those in charge.

3) Adjustment of Maturity Date if any will affect uplift and interest/profit. Calendar showing future holidays later is a recommended essential FD tool.

All Affin FD have minimum requirements. For low board rate FD and eFD, the minimum is only RM 500 for 2 months up. But for the current higher promo rates, the minimum varies. For normal customers, the minimum now is 8k. Avance customers (having AUM 50K) it is 10k, and Invikta customers (having AUM 200k) it is 50k.

Interest/profit is paid on maturity for tenors up to 12 months. Can have 6 monthly payment from 13 months up.

The conventional eFD and the Islamic TD-i are placed using FPX using Affin Always.

5 telephone enquiries

AMBANK promo for priority customer
1m 1.90 %
3m 2.00 %
6m 2.10 %
12m 2.00 %

BANGKOK BANK promo from 13 July 2022 for 1 month.
Minimum 25k, maximum 1m FF. Payment on maturity.
6m 2.70 %
9m 2.90 %
12m 3.10 %

BANK MUAMALAT still on till 15 October 2022.
6m 2.30 %
12m 2.80 %
18m 2.88 %

BANK ISLAM and BANK RAKYAT no promo now.

Maybe Ambank see people like to put short term waiting for OPR rises every 2 months? But their 6 month for Priority customer still cannot beat Bangkok Bank and Bank Muamalat normal customers.

1m 1.90 %
3m 2.00 %
6m 2.10 %
12m 2.00 %

The above are not AMBANK Board rates. It is this week special empowerment offer. I am told the rates can go up to 12m 2.40% but depends on branch.

The 7 to 31 July promo just came out 6m 2.80 %, 9m 2.90% and 12m 3.20%. FF minimum 10k, 10k in CASA required.

The existing 12m 3.20% for Priority customer (200k).

Ambank has a variety of products. Can look at their Islamic investment rates, and their branch empowerment offers.

For comparison, existing MBSB 70:30 promo ends on Thursday 14 July 2022. Effective Rates are

6m 2.50 %
9m 2.55 %
12m 2.90 %
18m 2.95 %

The higher new rates will start on Friday 15 July 2022.

Promo rates available at HongLeongConnect.

For both eFD and eFD-i via FF FPX. Minimum 10k, maximum 200k per placement. From 7 to 31 July 2022.

3m 2.40 %
6m 2.50 %
12m 2.90 %
18m 3.00 %
24m 3.10 %

12m step-up ER 2.90 %.
1-4m 2.50 %, 5-8m 2.95 %, 9-12m 3.25 %.

HL TIA-i (investment). Minimum 2k, maximum 5m per placement. Placement from existing CASA acct.

3m 2.55 %
6m 2.65 %
12m 3.10 %

This post has been edited by oldkiasu: Jul 14 2022, 11:47 AM

Telephoned OCBC contact centre today.

The Premier Banking customer promo till 31 July 2022.

Normal customer promo till 31 December 2022, minimum 10k.

3m 3.15 % with purchase of product.

3m 3.30 % with purchase of product.

This post has been edited by oldkiasu: Jul 14 2022, 04:19 PM

Telephoned ALLIANCE BANK call centre 03 5516 9988

FD promo only for new customer.

Existing customer at board rate
1m 2.00 %
12m 2.35 %

Any news on current RHB, UOB or Maybank FD promo rates?

Telephoned MAYBANK contact centre 1300 88 6688 today Thursday 14 July 2022.
No FD promo.

Undoubtedly a lot of ordinary people do not think/know how to grow up their FD with low sums of money by adding on money from monthly interests and savings. They rather gamble or stick to their old ways than understand how to use dispersed small sums to grow faster. Normal to find this people have funny idea that need lots of money instead of a system/plans to beat the situations at various times. They need to think a bit beyond the common ideas on how to increase their returns. Most FD depositors simply throw away the time element instead of making good use of it.
A basic problem may be due to the silly idea of passive income or lock-up steady savings, instead of actively scheduling to maximise for more profits. Like got too much money/income, don't know what to do to make more from the money. Got money to make more than normal money, but don't know or don't want or don't care.

Thanks for the negative heads-up.

Unfortunately technical hitches is something not uncommon even in bank software.

It is only a question of how often one checks accounts and how alert one is to compare bank against own accounts to spot the errors.

For most people, they trust bank and do not do counterchecks that the actual performance/record is right, so any technical problems end up hidden from sight later, or corrected.

Maybe can check whether CASA creditted for non-renewal or FD auto-renewed. The principal may have increased with added on interest, but new maturity date instead to 7.7.2023. The total number of live FD should still be the same if existing FD is replaced with renewed FD. If it is not like this, then really problem. In general, the FD auto-renewal feature is something that needs to be understood by FD depositors.

This post has been edited by oldkiasu: Jul 15 2022, 12:26 PM

MBSB BANK 70:30 PrimeWin promo from Fri 15 July 2022 by tel yesterday.

6m 2.75 %
9m 2.90 %
12m 3.15 %
18m 3.20 %

So it is just an auto-renew principal and interest for another year at lower board rate.

Sorry, but cannot change instruction once made original instruction at any bank.

The best thing you can do now, is to premature withdrawal for the renewed eFD as quick as you can since you did not withdraw on 7.7.2022 or 8.7.2022. I don't think BNM complaint will help, since you do not understand how this FD instruction thingy works for all banks. You will not get any new interest for the renewed FD since it is now a premature withdrawal. But still it is better if you take out the money and then place at a better interest rate somewhere.

The general advice is ALWAYS credit principal and any interest into a designated CASA account automatically on maturity if checked first that you are allowed to set this instruction on placement of FD.

In the past, when there was no FD promo business, it was the general assumption that auto-renewal was usually a good convenient idea for those who do not hop from bank to bank. The savyy FD promo investor should be aware of banking history/tactic and reasoning behind this, and discard obsolete and no longer relevant advice/teaching/practice to avoid interest loss. As always, we must adapt to changing situation and change our way of thinking and operational ways appropriately.

For your info, some banks do not have automatic withdrawal on maturity instruction, and you always have to be mindful when the Maturity Date is due.

But HL eFD now does have option for full withdrawal to your CASA on maturity. However, another sometimes overlooked aspect is the condition of the CASA at maturity date. To prevent this fiasco/avoidable problem the general advice is that one needs to regularly keep alive any relevant CASA accounts at set dates.


This post has been edited by oldkiasu: Jul 15 2022, 03:03 PM

Jangan tanya boss soalan susah boss.

Boss kasi satu figure maxima sukahati pandai pandai ke programming team.

Save waterface paham. No need to ask details or factors or check it out. Culture tahi tidak apa and tak peduli dan salahguna kuasa bossku buat apasuka walau salah dan tak boleh jalan/pakai.