https://www1.uob.com.my/sites/personal/prom.../bbl-promo.page

T&C: https://www1.uob.com.my/web-resources/perso...tnc-fdi-eng.pdf

Looking through their T&C.... the interest is not credited monthly rite? any sifus here can advise?

If you have an existing savings account at the new bank, you can transfer the funds over by MEPS Instant Transfer with RM0.53 charge (usually RM30K or less) or by RENTAS with RM5.30 charge (any amount).

If you do not have an existing savings account at the new bank, just ask your old bank to issue you with a banker's cheque (under your own name) and bring it to the new bank.

Banker Cheque is the best if you do not have bank account in new bank.

Applying banker cheque payable to yourself has to queue and wait and pay for the bank charges for each cheque.

For sure, this is considered a new fresh fund for any new bank.

I was able to place the FD on promotion rate.
Please note that this is for FRESH FUNDS only.
So I transferred my money out to another bank account then in again to qualify for it.

The rate only shows after you make the placement.

just tried using my account. no need fresh fund. i didnt transfer any money from other bank into mbb. directly place fd using the money in my saving account.

I’m probably going to go for bank rakyat 4.5% 11 months. Just curious for those that place FD with Cimb and public, any reason why you won’t choose bank rakyat? Is there a catch in their promo?

Uob
Conventional 12 m 4.3
Islamic 10m 4.35

Rhb
13m 4.35

Amb
6/12m 4
12m 4.3 -must be PB

BR
7m  4.3
11m  4.5

HLB e-FD
6m 4

☝️ Min 10k

B. Isl- min 50k
24m 4.65

Just tried again, Win7, Chrome, local Maxis connection


[attachmentid=10097248]

the link IS the t&c

Yes correct is until 31 December 2018 now.
Is quite a dilemma, CIMB eFD is very easy to open but it only lasts for 6 months while BR is for 11 months, almost double the tenure.
For my case, yes, they can only give the FD slip after the cheque is cleared, even for banker's cheque but the effective date is the date I bank in the cheque.
They can even post the slip to you if requested.
However, i don't mind going back there as there is free parking and coffee/tea at the Xclusive lounge.

Placed mine FD in BR in few weeks ago by using personal cheque, they give me the FD slip on the spot, of course the date is the same day too.

Thanks. I went for rhb 13m.

Unfortunately, yes. But...they do have another account, that takes effort to maximize. You get a base 3% p.a., pay 1 bill get another 1% p.a., and spend RM 1,500 with a HSBC card, you get another 1% p.a. This equates to 5%. The cap is RM 200k.

BUT...it is escalation on differential sum. You really need to move money in and out to make it work.

E.g. Month 1 - RM 200k...you get 5% total sum = RM 833.33
      Month 2 - RM 200k + RM 833.33...you get NOTHING
      Month 3 - RM 200k + RM 833.33...you continue to get NOTHING

To make it work, you need to move money in and out.

Month 1 - RM 200k...you get 5% = RM 833.33
Month 2 - Zerorize the account (move your money to any account compared to this as it generates NOTHING)
Month 3 - Move back in RM 200k...you get 5% = RM 833.33
Month 4 - Repeat Month 2
Month 5 - Repeat the alternate steps

The next highest interest bearing account on a monthly rollover is the OCBC 360. Again, you have to work at it as it is base 0.5%, deposit minimum RM 500 get 1.2%, pay 3 bills get 1.2%, spend RM 500 on debit/credit card get 1.2%. Total is 4.1%. I believe that Standard Chartered has another interesting account that you also have to work at to maximize (I don't favor this as it requires investment into unit trusts...4% base and 2% by investing = 6%).

Thus for the same example of RM 200k (capped at this for both banks), if you can practice alternate months and switch in and out and fulfill all the qualifying criteria, the interest rate will be:-

HSBC - RM 5,000
OCBC - RM 4,100
Total - RM 9,100/200,000 = RM 4.55%

A lot of work to get this but the plus point is you are not tied up on hard fixed deposit but get FD rate on a daily balance rest. Good benefit with great flexibility.

Anyone has a better system to share? I think our main aim is to maximize our money in the safest way possible.

they had.

100k 4.0 pa 12M
250k 4.28 pa 12M