Attractive 6 month rates for those preferring tenor less than 12 months.

I couldn't find this promotion on AmBank website tho. Googling also not able to find it. Could you post the Ambank link here?

Thanks!

So happens that Petron is having a promo with Alliance. I got an email on that yesterday. If you open the Saveplus account via online app (not OTC), you can get 3,450 Petron points, which is equal to RM50 of petrol.

I tried to upload the whatsapp image here but got error. Sorry I dont know how to do it. But can get the details from Alliance website.

Good. How much need to deposit to get a box of 4?

Ambank requires app approval. RHB & MBSB require it for transactions above 10k. More and more banks are moving to secure app approval lately due to all the scams, so there will be more banks than these 3 banks mentioned.

2 friends, who are more knowledgeable, told me that app is actually mores secure than SMS, since it is direct from Bank to you, without going via phone line. Any comment?

Thanks for the explanations!

We can't really avoid apps if banks require us to use them to approve transactions. I believe they are all proprietary apps.

Bottom line is don't do transfers when out of the house.

Can do your transfer on desktop and just use app for approval

Is any bank giving promo rates for 3 month deposit? Seems most if not all of the promos are from 6 months upwards

Previously, someone posted that Bangkok Bank offering 3.05% for 3 months. Wonder if that is that is still the highest 3 month rate now, apart from a few Bank promotions for New-to-Bank Priority clients e.g. Alliance 3.5% & SCB 4.88% for 3 months? But for these extra special rates, need to deposit a substantial sum 300k/250k, and will only enjoy the rate for one cycle

Versa rate valid for 1st 30k only tho.

Compared to these rates, the current Bank 3 month FD rates are not competitive. And without the added benefit of flexibility of withdrawal at any time.

Do KDI Save and Versa pay interest monthly? And there are no management charges or withdrawal fees? Monthly statement sent by e-mail?

Me too, funds available end October

Is this promo under Citigold? Who do they requires referral from, another Citigold account holder?

If we need to look for a qualified referor ourselves, and can only see the T&C at a branch, what then is the purpose of this guy's marketing?

I got some clarifications from the phone number given. He is from Citibank acquisition team.

1) 3.8% 6 month FD rate for 1 New To Bank (NTB) client. Minimum and maximum FD amount are both 500k. No referral required.
2) Promo until 31 Oct unless extended.
3) If 2 NTB clients participate together, one will be "referring' the other, then the rate for both parties will be 4.8%. It's just an informal introduction is how I understood it.
4) Need to open a Savings or Current Account first at any branch (takes an hour or so) or, can meet the agent off-site to execute forms and provide docs (copies of IC & driving licence). The second option is slower, the account will be ready in 3 to 5 days. Minimum RM20 to open savings account.
5) Free debit card will be issued, and activation of online banking done by client
6) No need for both NTB clients to open accounts at the same time.
7) NTB clients can fund their CASA subsequent to opening, but the FD for BOTH will commence on the same date i.e. when BOTH have funded their accounts with 500k each. So it makes sense for both to fund on the same day.

Seems fairly straightforward then.

Someone mentioned earlier about the requirement to maintain RM10k in savings account. It has been waived for October.

Anyway, I'm quite keen to take up the Citi promo, but of course prefer to do it with a referral partner, cos of the much higher rate lah. Then it's fair to lock up relatively high amount.

My funding will only be at end October and, if anyone is committed to also make a placement and wishes to partner with me in this promo, you are welcome to PM me.

Thanks & cheers!

Citi RM said can opt for monthly interest payment as well.

Sifu, based on your expectations of further Ringgit depreciation, in your opinion, should we then seriously consider parking some funds in USD FD, the rate mentioned before as around 4% for 6 months?

Possibility of capital gain (but also a chance of loss ). And Banks will chiak on the USD buy/sell loading.

Hope this is not considered as going a bit out of topic. Apologies if so

I believe that the 50k Saving is actually an FD?

Hahaha.

Citi 4.8% is way better than BI lah

It did strike my mind too about this angle. i.e. Citi boosting HNW deposits before takeover. But then, wouldn't the takeover price have been already determined? Also, UOB will be aware of any significant changes

Without opening CASA, that means funds cannot be transferred in via RENTAS, but must be made OTC using a personal cheque or cashier order? Does BIMB start the date of FD on that day, or only after cheque/CO clears?