Have you checked whether 22 Jul 2023 is a weekend or weekday? Some banks "moved" the end date to a weekday as people might withdraw via OTC and not internet banking.

Calculate to determine whether worth to withdraw and place with this promotion rate

I dont think the banks provide FD certificate. If you look carefully, it is just an acknowledgement of receipt for placement in FD. It is not a FD certificate

This mean CIMB issue FD cert.

From what I know UOB, Affin and Ambank don't issue FD cert. Only acknowledgement of placement.

Apparently, banks got into issue with FD certs in the past when there are duplication in withdrawal. Not too sure the full story

No need to be confused - it is 3.15% pa for 6 months for Affin invikta

That is the latest promotion

AFFIN already announced 3.5% pa for 12 months since last Friday la

Strange as both RM and the branch manager told me it is 3.15% pa for 6 months when they shared the FD rates to me on Monday.

Fresh from the oven

Affin Bank new promo



Attached thumbnail(s)

Affin bank
Savings promo with lock in period. Rate better than FD promo


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OTC

Up to means the max the branch can go up to. The BM or sales person might try to give a bit lower and than, if customer nego, slowly move the rate up. The pictures I shared are what I got from my RM that was supposed to be internal docs 😂

All branches should receive this promo already. If not, show the screeshots to them 😂

Yes, all Affin bank. The invikta is their priority banking segment. Just need AUM of rm250k and opened an invikta current account with rm1k in it for the principal and/or interest to be credited. By the way, the invikta current account is interest bearing

The article was dated 4 Nov 2022 and since then, there are new developments. US had soften its stance, their inflation rate is under controlled, Malaysia got new government and MYR has strengthen from 4.70 to 4.40 as at today.

So, the 1st MPC meeting in January 2023 will be interesting. If MYR keeps strengthening, then unlikely to see a hike.

This post has been edited by babysotong: Dec 11 2022, 08:30 PM

Think because banks were expecting the OPR to go up yesterday and this, did a pre-emptive move. Now, it is confirm that OPR stays put, the banks are revising their strategy and hence, the rates

Doesn't look like OPR going to increase anytime soon. MYR has appreciated against the greenback and is strong at 4.24 at the point of writing. At the same time, the cost of living will be a burden to the rakyat if OPR is increase as loan interest will increase too.

So far, for long term (12 months FD), Affin is giving up to 4.2% pa. Anything better than this?

Affin Bank


Attached File(s)
 FD_TDi_Campaign_Up_To_4.20__4_February_2023.pdf ( 72.13k ) Number of downloads: 309

Affin bank
New rates, slight increase from the old one


This post has been edited by babysotong: Feb 15 2023, 01:40 PM

I posted earlier in the brochure for Affin promotion effective 15 Feb. Search the post

Unfortunately, nobody has a crystal ball

This post has been edited by babysotong: Feb 28 2023, 09:41 PM