And need physical cert if taking a loan against the FD as security

Good point on eFD.

When I asked for a small credit card limit increase from Maybank some 6 years ago, they still insisted that I go to their HQ to have the physical FD created.

I presume the legal framework in now in place for banks to take eFD as security.

Keen on BR 24 mth 4.8%. If the branches in Bangsar and PJ State will offer it! Anyone successfully did it in Klang Valley branches?

Presume a savings account is required for crediting of interim interest. Can open on the spot, or needs time to approve?

Can place deposit with cheque/Banker's cheque?

Any extra documents required apart from IC, like proof of address, etc?

Sorry if the above questions already answered previously, as there have been many posts on and off over a long period of time.

Thank you

TQ.

Maybe they accommodated you as a valued existing customer!

Anyway, will go to BR Bsar tmr, and then PJ State if necessary. Can't delay if 31st is last day

Can imagine there will be a big crowd there tho. Only 91m-1pm, and only 1 branch

Are these PBB rates still valid? (From website)

For Campaign Period from 20 January 2023 to 31 March 2023:

Promotional Profit Rates
(% p.a.)
Plus FD TD-i
RCB Gold RCB Elite RCB Gold RCB Elite
3-Month 3.50 3.55 3.60 3.65
6-Month 3.90 3.95 4.00 4.05
9-Month 4.00 4.05 4.10 4.15
12-Month 4.10 4.15 4.20 4.25

This post has been edited by BWassup: Jan 30 2023, 11:02 PM

Agree that they are not keen to "overpay". I asked at BR Bangsar yesterday. The manager said they had recently obtained HQ approval for RM700k and RM1million deposits, and unlikely to be approved for "small" amounts such as RM150k.

Not many depositors can fulfil this requirement one shot, and also may not want to plonk so much money with a single bank. For RM1m I think you can just call all the banks and negotiate for the period that you desire.

Yes I did. Her name is Puan Ayu.

All the best, and do let us know how it went

The Bangsar branch has a female Polis Bantuan at the reception counter. Unique?

Tulah. Wasn't it 3.90% before the campaign? lol

Thanks.

Sorry, I referred incorrectly to the rate for 15 months in the screenshot created by our member on 21 Jan

Do remember that due to bundling, the overall rate is not so high after all lol

If it is not earmarked, can withdraw next day or not?

Don't la call almost all of us fools la .

Can't really say it was wrong for people to wait in expectation of rates rising. All, or almost all analysts had expected BNM to raise rates.
Decisions will always be perfect with hindsight.

And not everyone wants to place long term, individual requirements vary.

Win some, lose some.

Deleted

This post has been edited by BWassup: Feb 6 2023, 09:56 AM

Went to Ambank Bangsar Baru today to enquire about the 12 month FD Promo @ 4.3%. For Signature banking customers and fresh funds only.

The counter staff informed me that whilst previously they allowed funding of our CASA via RENTAS, they now need HQ approval if funds come in via RENTAS (I don't know what they need to check). Should be quite fast, but could be delayed if approver is not available. Forgot to ask if online transfer is acceptable.

If we fund with Cashier Order, the FD can be done immediately, with Advice of Deposit issued.

Not only will that involve more work for us to get the CO and pay RM5 charge, but if we bank in CO, presumably we would not be able to withdraw the RM10k extra that AmBank requires us to show in our CASA as a condition to be given the special rate.

Think AmBank is making their FD promo overly complicated. Not to mention their love of bundling FD with CASA. And the number of CASA they have is way too many, and confusing

Anyone told the same thing by AmBank?

Can withdraw, as mentioned by others here, just that if it is part of the deposit cheque, then have to wait for clearance

IC. So we need to have AUM of RM200k to get the 4.3% rate, either before or after the new placement, even if our status is still Signature in the system? Some banks don't change the status even if our AUM has fallen below their minimum.

Means they have system to monitor the special rates given and and whether 10k condition is met. Guess branch managers have to enforce it, otherwise they will get queried by HQ

As I said before, imo, AmBank is unnecessarily complicating matters, creating work for their staff to monitor compliance, and losing goodwill along the way. And they can't explain why there is such a "rule" either.

This post has been edited by BWassup: Feb 12 2023, 11:46 AM