Where did you get the latest info about PBB FD promo ? I have checked their website but no relevant information can be found.

As on 10 January 2017, Ambank newest promo was 9 months at 4% but for big minimum 500k a placement until further notice. Islamic FD.

My CIMB RM confirmed that only Islamic 12 mth 4.15% gives monthly interest. The 4.2% conventional one, no monthly interest. 

Ah, if know it earlier would not have put into HL 9 mths 4.15% today. 

Anyway please note it is for CIMB Preferred customer. 

CIMB RM told me yesterday the Islamic one is 4.15% but with monthly interest. You have placed the Islamic one at 4.2% with monthly interest ?

any bank offers reasonably good rate for 3-months FD?

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.....

I had the same experience but with SCB. I lodged a complaint to BNM and demanded compensation from the bank for opportunity loss and time wasted. i got them. The bank sent their staffs to my office to hand over the compensated amount.

No sure Cimb staff gave you wrong info or you got the right info wrong.
The RM15.90 is the debit card annual fee, applicable to both BSA without annual fee and BSA with RM8.48 annual fee.
There are two types of fees. Basic Savings account RM8.48 annual fee and Debit card RM15.90 annual fee.
You open BSA without fee but you still have to pay debit card RM15.90 annual fee.
Cimb doesn't provide free debit card to all casa eventhough you opted for BSA without fee.
The only way to get truly free BSA from Cimb is to open BSA without fee account and ask the staff to disable the debit card feature, the debit card can only be used as ATM card though.

the debit card tagged to BSA (either type) will not be charged the annual fee, that is what I was told and so far I haven't been charged anything on the debit card.
perhaps other can confirm?

UOB IBFT only max 30k per day. Online ibg max 50k per day. But NOT sure if can do both IBFT 30k per day and ibg 50k on the same day. May still be max 50k per day online xfer.

Anyway I did max 30k IBFT then did 10+k of ibg on the same day. Did not breach the 50k limit. 
Bones, 5% dream still on ? 
250k AUM. Anyway the 4.2% may be over next week. Call CIMB branch to confirm.

After Affin lowering from 100k minimum for 24 months at 4.25 % p.a. with interest payment every six months, but still not good enough to beat Bank Islam promo 5k minimum for 18 months at 4.25 % p.a.

Suggest you try to ask for 4.3 % p.a for 70 k for 2 years.

Some banks have strange strategy for large minimum sums to try to get unhwi to be tied up longer. Not an attractive idea as too inflexible and affect cash flow which should be distributed fairly evenly. Makes one wonder if these bankers ever think or understand some FD depositors criteria (not those unhwi who got too much money supply to be over bothered). Instead of not getting interest while collecting the big minimum requirement, some ordinary people would reasonably have placed the smaller amounts at banks that are competitive but with lower minimum requirement.

May I know where you get to know the MBB 4.1% e-FD?

referring to your 1st Q, usually it depends on which bank, and is it e-FD or conventional FD. based on my experience, if uplift conventional FD OTC, you can use the cash IMMD.

TMK, GIA is not really FD, but is some other investment thing.

AFAIK, banks are now promoting a lot on islamic. and banks always tell there is not much diff, in terms of FD. oh well..... still, like what Deal Hunter post #2144, he mentioned that
"...Islamic products and regulations, institution status and conditions at time of placement and changes to conditions later may affect legal rights in any future dispute/case. This is one of the reasons why people fear to use Islamic products as they fear they will get the worse of any dispute as banks usually have fine print to get away with changing rates etc...."

1 of the major concern people dare not to go for it is this.

After so many years, most people already understand what you wrote and quite understand and accept that bank can lose or lower profit under Islamic.
thus affecting profit and even the question of capital. After all, want to gain more must be willing to risk more. What is so problematic or difficult to understand or accept about that even if end up risk sharing with a not so well performing or dubiously managed bank?

The major fear actually is not the risk regardless with or without PIDM or any other arrangement, or profit rates but about the "etc" - that is, changing the rules of the game.

"This is one of the reasons why people fear to use Islamic products as they fear they will get the worse of any dispute as banks usually have fine print to get away with changing rates etc. ---THIS "ETC" COVERS A LOT OF HISTORY -- hope not repeated but plenty of scope to do other new stunts

This had happened before and will happen again as everybody knows for an unarguable and proven fact that Islamic Banking is a work in progress and the authorities and religious people are still playing around with various ways.

The latest version of this kind of thing is Maybank latest Islamic changes. Actually I had been affected in their previous change of the game so I am not bothered with propaganda or claims as I know what is the score and operational risk very well. I still use Maybank Islamic products, but will have to adjust again like previously - troublesome. History repeats when do not get the point about what people/previous victims/customers  really understand better. 

May i know for CIMB 4.1% 12months unfixed deposit offer, i need to go back the same branch to uplift or i can perform at any branch?

Just reading the TnE of the "special" promotion to be eligible for the 7% if doing the incremental deposit to CASA account.

It seems to be based on the (total sum of balance from 7-13th )/7  -  closing balance on the 6th.

So need to maintain the additional 1000 for at least the period to qualify for the 7%. If didn't add today then you have to add more tomorrow... the longer you wait the more you need to top-up. Is this true???

I'm not exactly sure but i think they calculate like this:
Max deposit amount = RM 70k.
7% PA interest (0.07/365 = daily interest rate) * 7 days promotion period * 70,000 = rm93.97.

So this is the additional amount of interest that you will get JUST for the balance in CASA. 

I believe I confused myself between this and to qualify for the 4.3% FD promotion. But maybe some sifu master can help to explain?

I'm confused as well.  what the heck do they want? lol I can't just deposit in for FD to account for the RM1k in CASA?

Hi all, went to OCBC yesterday to check on the 5% FD rate, apparently only half of investment will enjoy this FD date. the other half is partial investment + premier save.

This premier save is interesting, its a saving account with 3.6% interest, would like to check with u guys, any other bank that provide similar "savings account"?

thx

Haha, ya that was my understanding also, which is why I wanted to confirm

Although it is eFD (online placement), one still have to redeem original cert from preference PBB branch. I believe withdrawal must be done at designated branch as well.

public bank efd can place online but not uplift online. that was few yeara last time. unless changed.
no br promo.
that is not promo. br board rate for 5 yrs.

Your calculation is absolutely correct but provided if Affin Gold pays flat 2.15% p.a.

Please do not forget the 1st RM 4,999.99 will earn 0.85%; then the next remaining fund from RM 5000 to 99,999.00 will
earn 2.15%
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For example, let's say if put RM 12K to Affin Gold, 1st RM 4,999.99 will earn 0.85%, then the remaining RM 7000.01 will earn 2.15%

Now use your calculation: Total RM 120,000.00 FD fund:
(1) RM 10,800.00 (90% ratio) at 4.58% for 1 year FD = RM 4946.40 interest p.a. x 2 years = RM 9892.80

(2) RM 12,000.00 (10% ratio) in Affin Gold:
(a) RM 5k at 0.85% = RM 42.50 interest p.a. x 2 years = RM85
(b) RM 7K at 2.15% = 150.50 interest p.a. x 2 years = RM 301

Total interest earned per year (omit compound interest):
RM 4946.40 + 42.50 + 150.50 = RM 5139.40 p.a. / RM 120,000.00 = 4.282833% effective rate p.a.

Is my calculation correct or not? 

Sorry to jump in here with a non FD question.

What accounts can I use for some spare money which I don't need till early next month?

FD cannot as it will be less than a month.

Checked MB MDA-i, but it is for monthly.

Thanks.

ocbc 365 account with up to 4.1% per annum (daily interest) for the first 100k with following t/c
1. deposit at least rm500
2. pay three minimum amount of RM 50 (bill, ocbc credit card  )
3. spend at least rm500 with any ocbc cc

0.5 +(1.2+1.2+1.2) = 4.1%

guys, any FD that can provide daily interest if withdraw before maturity?  Last time Maybank GIA does but it seems not anymore

From which source you get this info?
Just call OCBC call center, only GIRO to other bank consider as 1 bill payment and the payment to ocbc credit card still consider as bill payment