Can, the branches are still operating, though shorter hours.

may i know the ws no and email addr that u used? i called the cc and talked to the branch (kuching) yesterday, both said have to go to branch for renewal with promotional rates.

Looking back, has depositors ever lost their money in fd or saving a/c before due to banks having financial problem?... Like during Asia financial crisis or any sort of that?

So meaning that interest would be rm25?

Anyone knows how the FD interest is calculated for CIMB? It seemed that all FD placements in 2020 that are maturing in 2021 are getting less interest than expected. Is is because of leap year calculation? But it should not matter for 1 year FD placement right?

Typo on date*
Seeking for any FD expert here to answer my curiosity.
Given if I put a 6months FD on this 3 days (29/08/2021, 30/08/2021 & 31/08/2021), when will be the maturity date, 28/02/2022, 01/03/2022 or other date?

Maybe my real life example can shown u that they didn’t round down for my interest crediting if the system is coreect, but the manual interest crediting is in round down method like what u said. n based on my spreadsheet, I notice that HLB didn’t do round down and I get exact amount of interest everytime:

Placement date: 25 Feb
6 months TIA @2.45%
Mature date: 25 Aug
Number of day: 181
5000 x 181 / 365 x 2.45% = RM60.7465
So, if based on your theory, I should get RM60.74 and not RM60.75, am I right? But I get RM60.75 for this. Hope my understanding on your explanation is correct.. for earlier 18 Feb placement, the system give 2.40% at RM59.50, and the manual profit credited is only RM1.24, instead of RM1.25 (RM60.75 - RM59.50)

Please refer to attached screenshot on the amount I received without system error that I mentioned in my earlier post.

Hi guys, just want to confirm on HLBB TIA-i calculation.
I chat with them and got my refund for the shortage of profit amount.

Promo rate: 2.45% p.a
Tenure: 6 months

Principal: RM 5k
Placement tenure: 17.02.21 - 17.08.21
Total profit received RM59.50 + RM1.24 = RM60.74

===================================

[url=https://pictr.com/image/B66QC2]


Does the amount that I received is still not based on the promo rate?

Just to confirm when calculate the effective rate for FD/TIA-i, we are using the formula below
(publish rate in p.a / 365 x number of tenure in calendar day

For my case,
(2.45/365) x 182 days = 1.221%

for BI FD, can make placement online? or must be done at counter?

Also, I have no account with BI previously. Anyone can share their experience in opening basic savings account with BI before? Can do everything (open account + fd placement) within same day?

  got it!

So I went to BI just now and they said got another promo 5.9% 70:30 FD:SA deal. LOL coba nasib cabutan tuah win this & that. Effectively ~4.1x% + lottery ticket 

BUT the thing that screw up my day is EPF "promo"  On the way to BI, saw EPF "roadshow" saying voluntary contributions increased to 100K  wef 1/6 today   

As a jobless warga mas, that is very tempting news. Because iinm, **div is calculated yearly but takes into consideration the dates of contributions and withdrawals... not simply the balance at the end of the year. What that means is that we earn div penuh for everyday the money is with kwsp. And we can treat it like a supercharged savings account, masuk keluar sesuka hati vs zero int for premature FD withdrawal. Of course, warga mas only lah

haha I think they are pretty concerned about the withdrawals - that's why raise to 100K from 60K. And I think also good news for FD rates becos now kwsp competing with the banks - surely the banks will respond with higher rates.

So what do u think?

PS:  **Hopefully I am not mistaken about how div is calculated cos that's a major factor to consider

Just want to ask,
1. if I don't have a saving account with a particular bank, can I still take the promo FD via FPX?
2. What will happen to the proncipal at the end of the FD tenure?
3. Will it be transfer back or the FD will continue until it is redeem?