any update for this table?

got half a mil fd maturing next month. looking somewhere to park it for long term again 18m/24m.. anyone knows the rates for 18m or 24m?

i missed the PB cny 4.8% 24m boat sadly.. looking for something similar or even better since that was pre OPR hike as well.

currently best rates is bank islam 4.5% @ 12m?

EDIT: if you know something better but non-fd can pm as well. risk tolerance: low-ish.

This post has been edited by Optizorb: May 20 2023, 06:43 PM

wah yours so fast.

today i went to do. they need 2~3 days to clear the banker's cheque.. so today can open savings account only..

once the cheque cleared then have to return back to BI to do fd placement..

This post has been edited by Optizorb: Jun 7 2023, 09:00 PM

nope didnt. thought of doing everything on the spot since my previous bank withdraw fd same place

@ PJ.

does amount play a part on this?

cause it was for 500k. they told me they need to do verification with the bank that issued the cheque first.
once cleared and money entered savings account then only come back to do fd placement.

thats what i was told.

finally done placed fd this morning at BI just before their system went down for "maintenance"..

this time round took like 30 mins as others mentioned before..

oh and also yes their fd maturity bring to the earliest working day if fall on weekend..

but when i requested for it the officer told me they cant decide it, it is based on their system.. so it is automated..

what is ASM rates?

been sleeping on it the whole time.

trying to clarify here..

so you saying if either 1 to sign there is small window where the surviving person can go withdraw the monies before BNM picks it up and update system to lock everyone out?

what happens when that happens? then have to go through a "process" i assume? then only finally the surviving person get to take the money out? and i assume this whole "process" comes with a fee that needs to be paid?

does this means that the "either 1 to sign" is a trap when it involves death of either party? because it is not really "either 1 to sign" in the event of death? then have to go through some process and need to pay some fees as well due to said process?

what about for joint account that is under both to sign?

This post has been edited by Optizorb: Jul 12 2023, 10:57 PM

thanks will add to my reading for later

i always thought all this asb/asm stuff for bumis only all these while

thanks. TIL.

I say it is a trap because for me it is.. Bolded part is not the intention of opening the joint account. As money is solely mine, but opened joint account (all to sign actually) for the purposes of "responsibly" managing the money and not spending it as i like..

If based on bolded part, say if i joint account with my parent, does that mean upon my parent death, the next of kin which say would be other parent/siblings can get their hands on the cookie jar?

Well mine is all to sign anyway, did recently thought of changing it to either to sign.. But upon learning this, i guess both types would still end up having to go through legal process to claim the money if one of the party died. Guess I have to rethink all this, probably from next fd move it to sole account.


do you know about BI? whether they have any such clauses? cause recently placed with BI

Doesn't mean much cause the bonus will only be credited after the campaign ends.

Not like gx where you can see the daily bonus credited and then immediately know whether you qualified for it.

So you can only put trust that HLB not doing any hanky panky.

Would also be good if they would make announcement when quota cap reached, like what gx did.. But they don't have any obligation to do this as expressly stated. So depends on their goodwill. Like gx tnc also said they not obliged, but they still did inform people.

For reference, gx 1 billion capping reached in 12~13 days.
And that's for 20,000 users, assuming each maximizes.

This HLB 200mil quota, if everyone maximizes, then only first 2000 people would qualify.

but i think still a lot people received the offer.

everyone i know who have HLB SA received this offer. Doesn't matter active or inactive account. and it seems most people have low balances in their HLB. So they going to be able to fully maximize the 100k quota for this promo.

Also spoke to 1 friend who works at HLB, he say a lot of his friends/family/customers also got receive this offer. Cause a lot of them find him and kept asking about this today.

Its an online promo, so counter staff not briefed/aware about this campaign.

My personal opinion: If those missed first 2 days (today and tmr), better dont go for this anymore. High chance the capping reached

This post has been edited by Optizorb: May 10 2024, 11:14 PM

exactly this.

unless you can get black and white confirmation from hlb that you are still eligible for it.. or you willing to argue with them later on when promo ends..

for those who didnt get the invitation first 2 days of promo.. my own opinion is better not to go for it now la.. today is the 4th day dy

for 50k, 4.5% hlb vs 3.8% rize, difference around RM51 only..

This post has been edited by Optizorb: May 13 2024, 07:55 PM

my BI maturing end of the month..

when i placed the time and opened bank account, i didnt opt for debit card.

can still do online withdrawal kah? or need to have debit card then only have online banking

i guess cannot. cause need to register first, and when registering need either Debit or CC

the bank islam 4.5% FD, the interest only paid upon maturity right?

hopefully by june got someone come up with 4.2% promo

you know until when?

anybody wanna tell him?


EDIT: nvm on second thought, no need. let him find out himself in few days time

This post has been edited by Optizorb: May 22 2024, 04:51 PM

it is very common for banks to follow calendar days in a year. so if leap year have 366 days hence interest also divided by 366. not 365.

it is PER ANNUM. No where it is specified that per annum means 365 days only, unless strictly stated so..

also, if your interest is RM100 PA. then that is your max interest possible already. If you have 400 days in a year also the max you getting is still RM100. The bank wont be owing you extra 35 days of interest


This post has been edited by Optizorb: May 29 2024, 07:49 PM