Any e-fd promotion now?

uob e account...for 30k interest rate should be around 3.2% (exact i cant remember)...if got 50k then interest rate is 3.6%. daily calculate based on your balance.

In that case, I would suggest you just ask what is the "effective rate per annum" from each promo/bank, and then compare these particular % number from different bank.

You also need to consider how long you need to put the FD in the bank, suited to your need of use of that money.

Actually FD at CIMB is always unfixed. The 4.2% usually only for fresh funds, but can nego. "unfixed" means that you will get interest if you withdraw early (but not in the first 3 month!). Then you will still get half of the interest rate (2.1%).


Yes they will. But as it is not fresh funds only with 4.1 instead of 4.2%

I asked AM Bank about 4.5% for 3 years, they said no such 4.5% promo..?
Only 4.4% for 1 year is available.

Just went to Bank Islam and thinking to open one saving account to get ready for RENTAS tomorrow, but was informed
by Bank Islam that the maximum FD placement for 4.65% was RM 250K.

The female customer service asked me a lot of questions like: my house value, my car value, how much money I have, and many personal questions.

Bank Islam just called me, they said they received "approval" from HQ for me to place FD tomorrow.
But I have to give them a photostat copy of my FD cert as supporting document which is going to withdraw to convert to Banker's check tomorrow.

But now I am thinking maybe I place in AM Bank instead..
No mood in Bank Islam already

This post has been edited by BoomChaCha: Apr 16 2018, 05:28 PM

Why the female customer service asked so many questions about money?
is malay?

1st year: 3.8 + 3.9 + 4.2 + 4.5 = average 4.1%

2nd year: 4.55 + 4.6 + 4.65 + 7 = average 5.2%

First year return is not that good , only 2nd year return is attractive

Yes, Malay.
Because my fund is more than RM 250K

I learnt the lesson, for the first time to open FD in a bank, it is better to place small fund first like not more than RM 100K

This post has been edited by BoomChaCha: Apr 16 2018, 05:49 PM

Consider to open a OCBC Booster Saving Account, RM30,000 balance will earn you 3.25%pa interest rate, plus your get to Enjoy no lock-in period on your funds with MEPS fee waiver for the first 2 withdrawals every month.

https://www.ocbc.com.my/personal-banking/Ac...ster/index.html

IFD-i / FD Gold (12 Months) Campaign [ MBB ]
Campaign Period: 2 April 2018 to 4 May 2018

This exclusive offer is open to all new and existing customers aged 50 and above. Enjoy great rate with a minimum placement of RM50,000 in a single certificate.

This offer is only available over the counter at all Maybank branches in Malaysia. The campaign is valid from 2 April to 4 May 2018 or upon reaching the campaign limit, whichever is earlier.



*Should there be an Overnight Policy Rate (OPR) change, the offered rates may be revised.

^Customers must fulfil both of the following conditions in order to be entitled for the Campaign Rate Tier 1:
- Fresh Fund placement.
- Campaign interest/profit must be credited into customer's current / savings / Daily Fund-i accounts.

If any of the above conditions is not met, Campaign Rate Tier 2 will apply.


Click here for Terms and Conditions (Conventional)

Click here for Terms and Conditions (Islamic)

would they be less nosy if <100k?

Hong leong online promo, where are you?

why put more money > RM 100k, will ask so many question?
Is there a rule cannot put a lot money in FD? don't think so

This post has been edited by Wong Kit yew: Apr 16 2018, 07:49 PM


Attached thumbnail(s)

Probably the female customer service did not read/understand T&C 3.4 - no max limit for placement of this FD promo. Usually I find bank people mix up with other previous T&C and operational procedures even from previous bank job. They been doing the job so routine and think so expert no need to read their own T&C as assume always the same and never change. This is a very common "expert" mistake/problem when dealing with banks which is why often get contradictory answers (not fake/false answers).
Sometimes it could be also a language translation problem or the T&C not clear enough or clear in the wrong way. In some cases, the T&C so long and detailed, that the writers also get lost and try to shortcut by simply sticking a clause here and there but end up with either outright mistakes or ambiguous situations where any sort of interpretation can happen.

This post has been edited by Deal Hunter: Apr 16 2018, 10:14 PM

I think so, in between RM 50K to RM 100K is perfect.

Bank Islam promised when submit banker's check, FD cert can be effective on the same day but can only
collect FD cert after check clearance.

Thanks

Thanks

This post has been edited by BoomChaCha: Apr 16 2018, 10:23 PM

I am not sure, but if it follows normal way, you will only get 3.35% if you do not do anything and they autorenew. Page 1 table of this thread mentioned 3.35% as the 12 month CIMB board rate. If you want a promo rate, you may have to go there. Best you telephone and ask first.

Bro,
Am bank 4.4% for 1 year VS Bank Islam 4.65% for 2 years
Which one is better?

Last time you mentioned bring cash to bank has the risk of getting fake note.. Good to remind us.. Thanks

This post has been edited by BoomChaCha: Apr 17 2018, 12:00 AM

Some told the fed and malaysia bank will increase the br again .. so that mean possibly of the fd rate will raise is high.. but for now the rate 4.65% still is the best to go... please remember this offer Requir rm50k while Ambank rm10k