Gia is not protected by PIDM

That mean our deposit will be burn if the investment gone bad?
It stated the capital is not protected.
If only interest not protected then still ok. But how come capital not protected?
Hmmm

Well. I know what u mean.
But mbb can declare the fund not performing oso right?
Not necessary that mbb having financial problem.
Jz mbb use the fund money to invest on high risk investment.
Mean if the investment gone bad doesn't mean mbb having financial problem right?
Did mbb need to bear the responsible if the fund not performing/burn?

same happen to me
they say must open a saving account with rm250 n charged rm15 n gst for annual fee
kinda pisss me off but when i think have to queue again if go other branch/come another day,i give in.....lolx....
anyway the interest can help cover abit....better than normal rate bank....

i go to cimb jinjang branch on friday....
they say is a must to open a saving account with annual fee rm15+GST
i say i no need debit card and jz a basic saving account for the interest
they say cannot...
so no choice jz accept lo......

will they refund the money to me?i doubt so....
u think what will they do? warning? next time when wan withdraw,sure kena kaokao lo.....

M: Dear Cimb,

Cimb : Darren Kua, how can we assist you? 😊

Me: I would like to know is cimb not offering normal basic saving account? I open a new promotion FD but been told that i have to open a saving account with rm15 charges annual fee....
i already told the staff that i jz need a saving account for the interest. But been told that cimb dont have basic saving account. is that true?

CIMB : Hi Darren Kua, we are checking on this matter and will revert back to you soon. Thank you for your patience. 😊

Me :as far as i know, BSA is a requirement from BNM. Cimb should be offering it.
kinda disappointed on this issue. if not i already buy banker cheque to tranfer from my other bank,i wont put into ur bank FD.

CIMB : Hi Darren Kua, we appreciate your feedback and regret for any inconvenience caused. Kindly provide your full name, contact no and email address only for our further action. Our officer will be glad to contact you and assist on this matter. You are not required to share any NRIC, passport, account or card number for security purposes. Thank you very much.




Let see how the progress later....
dont like been cheated even the amount is not big
frankly say,if not i buy BC from my hlbb rm6,i wont put in cimb lo....

got one staff from cimb call me
ask regarding the branch n the staff...
frankly say,i cant recall the staff name but i did tell them is cimb jinjang

then he say dunno who kinda hard to take action....
anyway,he call me back after he make a call to cimb jinjang
cimb jinjang branch manager told them that they got provide BSA as usual.....
what else to say?
dishonest n try to cheat customer la.....

the cimb staff ask me to go back the branch to close the saving account with annual fee.....the annual fee will be waive.....
then can open a BSA with them for the interest......
i wonder what will happen when i go back the next day for the BSA....lols.....sure alot black face....

I only need a saving account for the FD interest as it required so...
I do not need any debit card feature to begin with...
I told the staff very clear before I open the saving account with annual fee 15.90 for the debit card...
What the point I having a debit card when I have 4credit card with different cash back feature?
Some more no point I pay using debit card when I can pay 1month later compare to debit card straight deduct.

The staff jz told me. No more basic saving account with no annual fee. No more bank passbook. U use debit card or not oso will charge the annual fee 15.90. Then did I have any choice? Frankly say I only realise when I come back n login Lowyat there are such issue. I even ask them to straight update the interest into the FD so I no need to open a saving account but they say it a must to open a saving account for the interest.

Frankly say I jz wan to settle the issue
If can,I don't want to drag the person in....
Mayb she are not aware or something.....I not sure....
As long as the case settle, then can d.
At least they know that somebody might complaint if they continue to do so...

UPDATED 11/05/2017

I jz visited the cimb branch previously.
I straight away go to the reception and ask number for Opening/Closing Account..

the reception girl say opening and closing account will go different counter...
so i told my situation that cimb call centre staff ask me to close the wrong account and open a BASIC SAVING ACCOUNT WITHOUT ANNUAL FEE.

i think the girl can recognise me as she is the one who tell me dont have such account anymore...so she ask me to open the BSA first so that can transfer the money n update FD interest into the correct account...

when my turn reach,a customer service guy who serve me previously serve me this time too..

Me: Morning...i would like to close the wrong account and open a basic saving account without annual fee..with or without atm/debit card without debit function oso nvm...i jz wan the interest to bank in...

cimb : the day i got explain to u regarding the charges right?

Me : ya....but that day the girl at the reception told me there are no BASIC SAVING ACCOUNT WITHOUT ANNUAL FEE...so i force to open a saving account here with debit card charges...i do tell them to update the interest straight to the FD but she say cannot do so...must open a saving account....i do tell the the girl previously that i only need a saving to update my interest....pass book only with or without atm/debit card oso nvm....but she say no more passbook...only got saving account with debit card n charges annually...

cimb : oic....mayb she are not aware of all the product....u should ask me when u open ur account....

me : ya...should have ask u earlier...u are more familiar with all the product compare with receptionist...(the guy is handling opening new account counter)....nvm....whatever happen it happens...jz settle the problem....maybe some miscommunication between us last time....


then it take about 15-20min to close n open the new account,update the interest FD and waive the previous annual fee...

This post has been edited by Darren: May 11 2017, 08:23 PM


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for the member who ask regarding the effective day, frankly say i have no idea.....
i did upload the receipt for u to see......

for my case,i reach cimb around 3.45pm with my HLBB banker cheque.....
the branch manager got say maybe cant do it coz after 4pm they cant do verification.....
so i do not care about the effective date as long as i no need to queue again the following working day....

but as u can see my FD receipt,it show effective day is the exact day(i go on last friday 05/05/2017)
but the maturity is 06/11/2017...kinda weird coz normally FD maturity is 1day earlier(which suppose is 04/11/2017).....
i have no idea actually....mayb coz my turn reach after 4pm?so they cant do verification or other reason i really dunno.....


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Nope...
Only date of effective n maturity date with interest %


Rm20 to open a Basic saving account without annual fee
since I previously bank in rm250,I jz leave it there.

Hahaha.
If the annual fee is 1time lifetime charges, I will Jz let it be I guess.
But since can get lifetime free annual fee,then have to fight for it as annual fee is charges yearly. No point pay yearly for nothing.

This post has been edited by Darren: May 12 2017, 12:21 PM

i miss the 4.0% for 6month 1-7nov promotion period due to sick

now saw this promo....should i be frustrated or happy? lolxxx


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fresh fund only...
unless u take out the FD today n place it to other bank today...

i tried before....
my hlbb FD mature on 7oct....the hlbb promo is 1-7oct...
i withdraw the FD n rentas to my mbb
then i FPX to hlbb FD...consider as fresh fund....

placed FD at HLBB with FPX via mbb and cimb
no problem so far

really wonder how they come out with 4.28%...

EIR for the FD amount is 3.53%....add on saving/current account interest can become 4.28%?
personally i skip those FD with earmark...
almost all of the time is lower.....jz marketing make it sound higher only

thx for sharing.....
jz placed efd for rarely use cimb for efd 4.2%

been to affin n rhb for opening normal saving account to place efd due to lower rate at PBB n HLBB
but been deny....need salary slip/epf statement la.....need to place fd for opening account OTC(i told open for FD)
so troublesome.......give up.....

jz when i though put at pbb for 4.05, then i saw this post.....
lolx....
wasted 1hour for ntg.....

This post has been edited by Darren: Feb 17 2023, 03:54 PM

actually the rm700 is interest lost if u lift before maturity(after auto renew).....
so basically is the pending interest (from the date of auto renew until the day u go to bank)...
if u lift now, u will get back ur principal+interest during previous FD maturity....

actually basically same....
1. previous FD mature + interest, no auto renew n bank transfer in saving account for peanut % interest....

2. previous FD mature + interest, bank auto renew.....by the time u free go bank/remmber previous FD expired, u mayb save few month interest period d....mayb u will complaint low board interest rate compare to fresh fund rate....but anyhow better than normal saving account....

u are losing nothing....
maybe the peanut % from saving account....
but if on board FD rate are lousy for u, dont even mention saving account rate....