What is the current promo rate for UOB, 12 months FD? Tq

Tq. Will withdraw today and move to Am....4.38%

"preceived" new/fresh fund into the bank

that is given, if customer choose to move to other banks. it's your decision.

for current bank, mostly accept "top-up" to the existing fund to make it "fresh". so, from current bank's perspective, it's "new fund" (vs original fund).

Bank does not has the money. Banks use your FD to lend to borrowers. Fresh funds help to strengthen banks sources of funds. 
Similar to FD promo., most banks FD promo are over the counter with the objectives of persuading customers to buy their other products.

Property sifu also camp in FD thread...

If you want good rates, got no choice but to move your funds everywhere as usually, those offers with higher interest requires fresh funds. More so with foreign banks.

i am old customer
didnt ask
Ask your CIMB la
FD 200k 3 months @6% RM50k locked in CA 3months, interest 1+%
Average int rate > 5% for 3 months not good?
3 months >5% FD dont want?

Go for EcoWorld Bond 6.4% then

OPR drop today does housing loan reduce interest rate will take place immediately as well or will have to wait till end of month only take effect?

Just asking. Will you place if 3.35 %, 3.5 % or 3.73%, or you will wait for more?

Not when ur now in the FD KAKI Group.... i bet many here do not have loans anymore.... so its purely MONEY they have to put in FD

Those are some off the cuff rates by some FD kakis, but whether their guess/reasoning is any good compared to what actually will happen -need to see how the banks respond.

Maybe the question should be changed to.

Banks will be coming out with a number of promo rates, but we do not know which is the highest?

So will you accept the highest rate on Monday 12 September, Monday 19 September or Monday 26 September or the final highest rate will only be available in first week of October 2022?

Do you have a "formula" like say promo rate should be at least 1 % above OPR etc or a formula based on US rates, or a formula range? Or the promo rate range should be like the ones that happened previously at the particular OPR levels?

Okay, this looks good so far. Will wait for UOB and OCBC promo rate, dont think BR will change their promo too soon. Ya, Ambank with their silly 10k CASA game.

12 months OTC, revised to 3.2% today