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The interest is monthly transfer or wait until Maturity date?

Hi everyone,

how do think for the coming month Bank Negara meeting?

will OPR further down?

Thanks.

Hopefully coming month FD rate will remain without further reduce. Now for normal ppl buying power are weak, If FD rate further down, how to save money for down payment for buying Property or car? Best solution is waive out the sst. This could help to solve cost of living.

I mean save money for make *down payment* for property or car.

by the way, thanks for sharing the link.

CIMB new rate 2.45%? For how long tenue?
RHB 2.45%, the interest is monthly transfer?

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Never try for Bangkok bank, and the location is far to my area. what is the min fund required?

I have same thought. I have HSBC CC, the effective rate for 1 Yr to 3 Yr is 3.88%.

I went to Maybank, placing 2 months tenue @ 2.35% for fresh fund. Hoping the OPR rate increase again in next BNM meeting.

I done my FD transaction at Maybank OTC las week. My account is under conventional saving account, the officer guide me the step via login to maybank2u website, cannot recall click which button, which can convert my existing conventional saving account straight to Islamic saving account. Then, upon maturity, my FD interest will be credited into my saving account. I no need to open a new saving account for Islamic.

depend on the amount you want to transfer. Normally bank allow max 50K for daily transaction.
if amount less than 50K, I will do online transfer. which there is no transaction charge for instant transfer, which I can receive the fund in Bank B on the spot via instant.

if amount is more than 50K, and, I have the cheque book, I will issue cheque, which cost RM0.50 cents per cheque.

if no cheque book, then will request bank issue banker cheque, which cost RM 2.65 per cheque,

I think Bank Rakyat is no cover by PIDM?

I am Ambank Signature banking. No choice, the CASA must have 10K only entitle to get the 4.3% interest per annum.

Sorry to chip in, may I know which bank currently offer 4% and above interest? I went to Alliance Bank last Saturday, staff told me last Saturday is the last day to enjoy 4.08%. Thank you.

What is the new FD promotion rate?

I found this.

https://www.hlb.com.my/en/personal-banking/...-promo-efdcny24

UOB islamic seems not under PIDM, correct me if I am wrong.

May I know the interest is credited by monthly? Or upon maturity?

thank you.

mine is monthly transfer. interest credited is correct.

I did the same last year, without open saving account. Not sure whether the latest promotion apply same condition?