This is one of the most common and disastrous mistake made by FD depositors due to lack of financial education, ignorance, carelessness, not taking care of their own interest, and being unable to understand the language.

The basic education of any FD depositor by bank staff or any teaching of financial life skills in schools should stress among other things:-

1) If simply cincai simply sign buta buta, usually the bank staff will automatically tick AND as a safety measure if forget to ask/get your choice.
From the bank's angle, this is to prevent any problem in case one of the depositor tries to redeem early or on maturity when he/she is not to do so.
This means, all the persons named in the FD have to show up. Very susah especially if some one is not available. Usually some finanacial loss on interest or penalty, or loss of opportunity to take up another better FD.

2) For ordinary people, you should be very careful whether you really want the AND choice, or else specifically carefully tick the box in the application form or request, and confirm that it is EITHER ONE TO SIGN or OR. This means just ONE the joint holders can do everything conveniently in case the other/s not convenient to show up. Jokes aside, some bank staff may be so green and unable to understand what this means and are known to give trouble by insisting all show up. You must be very sure what your application choice is. This is not a clause in the T&C but a deliberate choice you must make to protect yourself and operation.

3) Depositors should carefully examine the application and any printout FD receipt/FD certificate before leaving the counter to confirm. You can ask the documents to be corrected if there is a mistake there and then, but things will be difficult if try to change later.

RHB promotion FD for min 10k is finish!!!!

OCBC July PB promo
6 m: 3.85%
12 m: 4.15%

CIMB
Over the Counter (OTC)
4.3% 12 months

This post has been edited by yongs90: Jul 2 2018, 02:47 PM

need to nego at the branch and period more 60 months? if yes, which branch can give 4.8%?

i checked their board rate 60 months and it shows 4.7% online. >60 - goto any BR branch or contact customer service.

2017 DD eFD T&C https://www.hlb.com.my/content/dam/hlb/my/d..._online_eFD.pdf

is this month FD rate better than last month?

They did not mention the rate?

because it's not 7/7 yet?

based on DD 2017, the rates were released/leaked on 6/7

But 4.17 is not that attractive LOL considering 4.27 also not so attractive

this 1 still have or full already??

for efd, try in PBe.

for fd, ask your respective counters.

Anyone know which bank offering more than 4.4% best is 12 mths ?
have an FD maturing real soon and so far those i have visited

Ambank = 4.4
maybank = utter rubbish rates
CIMB = 4.3
Bank M = 4.5 (but too long period)
hong leong = rep told me wait for 7/7 ( i guess rate won't be as good knowing HLB)
RHB = 4.38 (15 mths)

UOB?

UOB 4.35%p.a. 12mth, monthly interest to CASA.

Am Bank 4.4? Really? I cant seem to find it.

My muamalat 4.5% matured, looking to transfer else where

ambank updates weekly. and may differ from branch to branch.

monthly interest only applicable to senior citizen.

I would personally prefer UOB 4.35% with monthly interest

This post has been edited by ProxMatoR: Jul 2 2018, 07:11 PM

wow, which branch?

should be same across all for UOB

If u have the priority banking in Ambank sure confirm 4.4% 12month in hand if normal user really need to torrent with the branch manager