I just opened my MBSB PrimeWin account, quite painful since need HQ approval meaning a lot of things need to wait and has little issues such as TAC SMS number not registered etc. But what to do as now best promotion at 4.4% effective.

But two things if guru can confirm, this Primewin account needs to lock in 25% and min rm100. However it seems the online banking doesn't lock in this amount? I see I can still transfer it out.

Second is online banking shows Saving Account i without showing the account type. Anyone else having this same experience?

I don't know why other banks lag so behind this MBSB. A bit ridiculous the next best rate is 4%... anyway I will pump all those maturing FDs into MBSB...

I spent less than 30 mins in branch. But my case needs hq approval and I don't know why. I actually applied online, went through ctos verification and was in branch for verification. Maybe you went to hq to apply? Lol. They did say the wait time is 1 to 2 hours for hq to approve but I didn't want to wait since they are not sure. Oh last time I apply for the Public Bank account same, need hq approval but that time I waited and kept chasing them to press hq since my deposit was big.

I just checked with affin RM - what CNY FD offer also none. Don’t even have new notes 🤦🏻‍♂️

Just got update MBSB FD promo 4.4% bundle effective ends 5th Feb 2024. My FD matures after 5th....

Need to hunt for new FD promos again... sad.

12 months only, difference of 10k

Hahahahahahaha, i calculated thrice some more. One zero jammed. Time to throw my calculator. 😂😂😂😂😂

Ok, rm1000, not so sakit anymore. 😁

BI - i dont wanna spend 2 hours being "interrogated" upon opening account. Plus they need the account holders to be present when placing more FDs in future. Ma9fan

RIZE - apps not reliable, so I 'pass'
Oops. I should have asked this question yesterday. Too late now. Am going to really miss seeing X amount monthly in my savings. Actually is there a formula to calculate the effective interest rate? So for future FDs, I will be smarter. 😅

I was informed the same too actually, despite saving I want to choose only 1 people to sign. But the staff said system dont allow. So I picked single name as dont want any hassle or argue further.

Many reported that BI asked a ton of questions when opening FD account for the first time.
I am saying that if you want to place more FDs in future, A & B have to be physically present, whereas with other banks, A OR B can just bring in the fund and place. Someone here mentioned that too. Can anyone re-confirm? 🤔

Nice if that's the case, maybe will go ask again. BTW, this promo comes with monthly interest? Have to open savings account for interest crediting? Any savings account without debit card? What's a JV account account btw?

100K is 150 ringgit
in my case, it would be 1500

No need to hunt liao. All 3.7 to 3.8 like that. No more super promo.

For me, better stick to pure FD...

Don't commit to any combo FD with other banks products...

Just bring more headache to us...

If the particular bank don't have good offer rate for FD, then just move on & look for others banks offering.... Malaysia got many banks to choose from... Many. Choices.... It's our money, we pick the best for our benefits 🙏

Only if you are interested in those other products.
May not worthwhile if merely chase for 0.x% more by investing into other products.
Some bancassurance are very long term commitment, while unit trust has sales charge, and capital is not guaranteed, it may profit also can loss.

It is nevera wise move to get that 0.x% more by investing in crap Unit Trusts. You're better off buying stocks on Bursa and NYSE yourself. Everything can be done on your phone nowadays. It's almost a sure lost in the end, you're stuck with UT cannot sell when price is low.

Ya bloody depressed rates. Definitely some bonds.

Balance, I'm shifting some out of MY into gbp and USD as part of diversification into their FD at 4-5%

I guess a foreign currency FD in SGD would be a good idea given how it almost always appreciates against the MYR.
When I was at AmBank recently the branch manager recommended exactly this (foreign currency FD @ SGD) instead of other currencies like USD despite the higher interest rates
IIRC the USD FD had a higher interest rate @ 5%+ while the SGD FD was 4% or lower.

Btw does anyone have recommendations for a good foreign currency FD?  I recall earlier in this thread someone mentioned that RHB's one had decent rates..

A question, foreign FD what is the fee involved when converting from MYR to USD vise versa , beside the buy sell rate differences

Just to clarify, higher means better exchange rate and good for us (customers)? Lower means worst conversion rate and not favourable to us?