Yes, it will be credited into your account on 7 November if you choose the option credit into the account. No need FPX just transfer/deposit only.

This post has been edited by Wong Kit yew: Jun 7 2018, 10:39 AM

Banks seldom got promo for 1 month.

After some arm twisting, CIMB RM said can get 4.4% for 12 mth with monthly interest. For FD renewal. So no need to move to AmBank.

Was in Bank Muamalat 2 days ago to uplift my FD. Only promo given was 4.1% 12 months which requires HQ approval.

Tried to use IBG over the counter but was informed limit is only RM10k, so had to use RENTAS which costs RM5.

Anymore info on this? Need to open acc for this FD?

How much? Rm200k?

preferred or normal ?
big amount ? 100 - 200k ?

Did U ask for cheque ? For my last Muamalat FD, going to ask for cheque instead of Rentas. Your Rentas take how long to reach the other bank ?

Please see below post, for selected customer and likely to be for CIMB Preferred customer.

https://forum.lowyat.net/index.php?showtopi...post&p=89181777

This post has been edited by bbgoat: Jun 7 2018, 01:54 PM

I was offered cheque but was afraid the it may take a few days to be cleared as I need to use the money the next day.
I reached the bank late, about 3.10pm so they said cannot make it in time for the same day Rentas, that's why I asked about IBG which they said limit is 10k OTC, not sure how far it's true, first time hear OTC transaction limit so low!
So in the end, I only got the funds early next morning.

As some of the forummer here, the branch that I used said can only do Rentas. So now I know they do offer cheque.

IBG OTC limit should be in few hundred k at least (500k maybe). 10k is way too low, maybe true for a bank like Muamalat.

sorry I know the post is some time back. may I know if the rate of 4.65% still valid? which account you refer to? I went to their website however could not find such product. Hope to receive your advice, thank you.

Campaign period from 28/2/2018 to 30/6/2018.
Technical speaking it is a 3 months FDs with different promotion rates for another 7 rollovers with higher rates. Minimum placement is 50K, fresh fund.

From their FAQ ...
TDT-i GO 7% is a step up campaign. Means, the rates will go up for every rollover
cycle. When you average out all the rates for every cycle, you will get the actual
rate of 4.65%.


Start 3.80%
1 3.90%
2 4.20%
3 4.50%
4 4.55%
5 4.60%
6 4.65%
7 7.00%
Effective rate for 24 months is 4.65%

Do note that, in their flyer, it was mentioned that rates are subjected to change from time to time.

http://www.bankislam.com.my/home/personal-...cts/tdt-i-go-7/

http://www.bankislam.com.my/home/assets/up...D-QUESTIONS.pdf

This post has been edited by safilo: Jun 7 2018, 03:43 PM

good short term 3m rates. guess I should move my alliance save plus 3.5% fund to bank islam.

For OTC IBG transaction, I thought the amount is unlimited.
From their FAQ


https://www.i-muamalat.com.my/dpe/html/FAQs.htm

This post has been edited by safilo: Jun 7 2018, 03:52 PM

many thanks for your kind explanation. Looks like is the best in the market!

Unfortunately that is not what they told @gchowyh.

reply from Muamalat

Kena tipu or misunderstanding? The 10k daily limit is for ATM or Internet Banking.
Best do not ever say OTC IBG but say OTC transfer to other bank (interbank).
Staff may simply look up their IBG mentions and if not careful to look closely and everywhere, can easily give you wrong answer quickly.

Bank staff may not be aware that Internet Banking allows you to set up to maximum daily transfer limit of 30k if they depend on reading FAQ and have no experience or access to Bank Muamalat's internet banking through an account. It is 10 sen for IBG and 50 sen for IBFT. The bank needs to improve their FAQ explanation to avoid confusing mistakes like this.

When you do OTC, it means you are there with your IC and thumbprint in person so that bank very sure nothing fishy or underhand going on like through
ATM or Internet. You have the right to withdraw or transfer any amount from your available fund when you are present at a bank. If cash, they may be short of big amount and ask customer to make booking or come later to collect. The difference between RENTAS and OTC interbank transfer is the so called speed and the fees charged.

To avoid possible delays it is always a good idea to do such OTC interbank transfers and RENTAS as early as possible in the morning. After 11 am RENTAS get shaky and in the afternoon, even more shaky. By 3 pm, you might as well give up for the day and expect next business day. After 11 am it is too late to do OTC interbank transfer to the target bank for the same day for FD placement. This is just the usual SOP for same day OTC FD operation, but the SOP timing for FD placement through personal cheque, eFD, FPX are of course different although all these are just simple applications of the IBG timing schedules.

Are You misunderstanding?
Those are not 3 months FD rates at Bank Islam but step rates for 24 months step GO 7 FD.
Read and understand the penalty very carefully.

Do not settle for anything below 6.5% FD interest. Singaporean have advantage can take fast cheap ferry ride to Pulau Batam and have holiday same time. Number of banks there.
Just search in internet for more info. I have not looked/tested their eFD.
FD rate likely may rise as Indonesia takes pro-active measures unlike Malaysia.

This post has been edited by Deal Hunter: Jun 8 2018, 07:55 AM

I went Taipan BP on 4 Jun otc they not giving 4.4% only 4.1%...

https://www.hlisb.com.my/content/dam/hlisb/...aya-12m-tnc.pdf