"Renewed" at 3.98% few days ago. But got to give UOB a 3rd party bank personal chq and then OTC IBG the FD fund back to the 3rd party bank. Have to do it in the morning though.

Not sure if UOB extend it to Oct.

B. Rakyat 3% last call tomorrow. Was told by the counter staff.

My FD maturing on 1st Aug but I managed to lock in the 3% promo today. Here's how:
I write a chq from my flexy loan CA ( loan Interest @ 3.xx%, now Base Rate very low) to place FD at Bank Rakyat. I rugi interest difference 0.xx% for 19days.
Effective rate for this FD placement is 2.98%.
If you have access to any flexy loan, you still can lock in the 3% tomorrow.

If you uplift FD on maturity date, there is absolutely no reason for the bank to say it's premature withdrawal.
Maybe CS wrongly advised. Call CS again and ask them why maturity date is pre mature date.

Got unverified info that RM100 notes are withhold from circulation in the market. Can you guys still able to get RM100 notes from ATM or OTC ?

Dear Valued Customers,

Please be informed that the Terms and Conditions for Fixed Deposit (“FD”) and Fixed Deposit-i (“FD-i”) accounts will be revised effective 12 June 2021. The revisions are outlined below:

1. For new accounts, interest/profit will, at the option of the Customer notified upon placement of the FD/FD-i, be:
(a) credited into the Current or Savings Account/Current or Savings Account-i (“CASA/CASA-i”) under the same name and signature requirement as the FD/FD-i Account only upon maturity of FD/FD-i; or
(b) added to the FD/FD-i principal sum at maturity

2. For FD/FD-i opened prior to 12 June 2021, interest/profit earned will continue to be credited into the CASA/CASA-i on a monthly or six-monthly basis until the end of the FD/FD-i tenure. Should the FD/FD-i be renewed, whether manually or on an auto-renewal basis upon maturity, interest/profit for this renewed FD/FD-i will be revised to credit on maturity date.

Thank you

HLB Connect Team

Maybank Islamic fd. Valid till 15 April or target reached.
3M 2.25
6M 2.35
12M 2.40
18M 2.45

Was told OTC only.

3.05% @ 70:30 FD:Casa wouldn't get effective rate higher than 3.05%. it can only lower, not higher.

Guys, this few days saw few cases of money missing from bank account reported in chinese news media. I guess the old fashion way OTP placement OTP withdrawal is still the safer option.

Yes, my bad. Thanks for the correction.

This post has been edited by aeiou228: Jun 9 2022, 10:12 PM

After so many reported cases, BNM finally break silence today.



This post has been edited by aeiou228: Jun 9 2022, 10:41 PM

Damn, yesterday another 61yo ex policeman kena RM20k. Same modus operandi from the previous cases, transferred to ewallet.
Some of the previous cases that I read was that bank claimed that the fraudulent fund transfers were legit transfers and bank don't responsible for the loss.
https://www.sinchew.com.my/20220609/%e9%80%...b9%9f%e6%b2%a1/

Just to share my own precautionally security measure to minimise the financial fraud.

1) turn off unknown sources installation on the phone.
2) set "view only" for FD accounts. (Not all online banking supported)
3) only set max transfer limit on need basis.
4) OTC FD placement if possible.
5) The most important of all, activate and enable APP Approve.

Please share if you have any suggestion to improve the security.

This post has been edited by aeiou228: Jun 10 2022, 08:45 AM

Yesterday saw another 3 new cases of money disappearing from bank accounts reported in the news media.

Astro AEC 8pm news today.

The banks have to maintain a healthy LDR ( loan to deposit ratio).

This is worrying.
While waiting for hq investigation. I'd suggest you go to your HLB home branch and report it to the branch manager or RM. More ppl follow up to expedite your case.
Please update the forum.

While in Henan, China, depositors were unable to withdraw their savings ( amounting to approx 40b RMB) from four village banks since April this year. Depositors protested but got beat up/crack down by large number of white shirt/black trouser men. Depositors contact tracing app got red-tagged to restrict their movement to run the banks. Very fishy, why need to remove the uniform in order to do the crack down.



This post has been edited by aeiou228: Jul 16 2022, 01:21 PM

Some banks allows partial premature withdrawal in multiple of RM1000 and you are still eligible for full interest payout for the remaining FD balance upon maturity in the same FD receipt.To name a few such FD products, HLB eFD and CIMB Unfixed deposit.
For conventional OTC FD, minimal split, 9:1 or 8:2 or 7:3.
For normal eFD, split whatever combination you like.

This promo is not FD, instead it's a fresh fund deposit earmark for 6 months in a new SA, hence why the chq clearance requirement. I reckon this is the best 6 mths fd rate thus far.