now days couple of banks offer FD cum with unit trust as 1 plan.
i didn't go for these type FD.
unless it meet ur financial needs

depends on your financial needs, if u didnt use d money for one year, better put in one year... if u need to use within 6mths, might as well put it in 1/2/3 mths... perhaps ucan try ocbc, they have a savings ac with 5.1% pa...: terms n conditions apply

drop 1%?

ya, forget hsbc, always many hidden tnc... also, 4.88% juz 3 mth

ambank ke?

bsn would lure u buy sijil simpanan premium while withdrawing fd - can win 1 million woh...

u kena for ambank?

1 million for bsn ssp if u have luck.

FD at HLBB due today. Thinking which bank to put next. Best would be OCBC 12m 4% valid till April 2017? BR I placed one FD already. Looking for another bank. Call me silly but I always worry to put all my eggs in one basket hehe

This post has been edited by babysiew: Feb 15 2017, 12:05 PM

I split them anyway if about in each bank is more than Rm250k (for pidm coverage)

the pidm limit if for each name.

meaning, if u put FD under name A and some under name A and name B
consider 2 x of time

The limit is per name per bank rite? Example 250k in MBB and 250k in RHB and 250k in BR = all under my name. This is fine rite?

br no pidm.

Seems like lots of people know a little about PIDM but not enough that matters. There are a number of postings about PIDM, but it is still subject to the real happening test. Then only we will really know for sure how good it is for some unasked questions.

This post has been edited by Deal Hunter: Feb 15 2017, 06:10 PM

In a bail-in, PIDM wouldn't help.

sifu, more pidm info please.

Stop asking the obvious questions and answers. You won't get anywhere far or useful.

If I have RM100 to place FD...
Can get special rate from bank?
Which bank usually can give high rate?

sifu said:
"Seems like lots of people know a little about PIDM but not enough that matters."

shouldn't sifu comment on those "that matters" that we do not tau?

The devil is in the details. But then anybody ever had to use PIDM before? Otherwise it is all talk about various operational details in various scenarios which may result in some heavy thinking and some changes - not necessary for better and could be worse. But like I said, there are postings already in internet about PIDM and there really is not much need to rehash an old subject in a forum for FD when PIDM covers more than FD.

This post has been edited by Deal Hunter: Feb 15 2017, 10:42 PM

Yes, these are 2 interesting questions. Of much higher social value than talking about RM 100 k or 250 k FD. Hope there are other savers out there who can answer this.
Most bank websites or banks mention the minimum amount for opening FD certificate at their normal board rates. Can look at long term rates.
Some banks offer children savings or education accounts with special gifts - compare these against the FD rates.

Went to ocbc yesterday, the premier customer counter staff told me the FD promo rate is for 3 months and 6 months only. 3 months 3.95% .....nothing mentioned on 4%.

100 or 100k also normal nowadays. bank won't turn a hair. rhb offers extra 0.05 for premier banking.

It gives you the "feel safe" feeling what.. like why people buy insurance- same concept; different approach.

You will never know until it hits one day.. like Northern Rock in UK.

So best to have coverage. My humble two cents.