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?
If cannot withdraw the $10,000 in CASA then the effective rate will be very low (if the FD amount is low)