guys, I went buka one joint FD today and got the shock when the bank told me that even though the account is "either one to sign", both person must be present in order to withdraw that FD.

Doesnt makes sense to me at all. The bank says its a new BNM ruling. Anyone heard of this news?

I did "argue" but you must understand these are not the type of person you want to shout and argue with lol. I don't want to piss off anyone as I still want to go back to place more FDs

Anyway I want to ask this - does all your FD receipts typed written there "either one to withdraw" ?
Long time ago it does but few years now it just have two names there and Not written anything

I did "argue" but you must understand these are not the type of person you want to shout and argue with lol. I don't want to piss off anyone as I still want to go back to place more FDs
They explain that joint accounts either one can withdraw the interest only which again don't makes sense since I select auto renew with interest

Anyway I want to ask this - does all your FD receipts typed written there "either one to withdraw" ?
Long time ago it does but few years now it just have two names there and Not written anything

My definition of "arguing" is from a professional standpoint, lol not like shouting like a monkey hahaha.
Not too sure, because CIMB's 'paper' is only a receipt and not an official document. I don't remember what was written on the PBB's FD certificate though.
But regardless, if you have signed a mandate, I don't see how much of an issue they can make for this.

But do you get a copy of the mandate?

Nope, none so far, but this thread is solely for FD discussion purposes, maybe you can direct your question in the private banking section? Also, maybe you could check with your designated RM?

On a separate note, managed to secure 1 year FD at MBMB at 4.2% today!   

As of today, CIMB promo rates for 1 month dropped from 3.25% to 3.2%. 3 months dropped from 3.85% to 3.8%. 6 months maintained at 3.45%. 12 months maintained at 3.4%. All at minimum 10 k until further notice.

What a shocker. 

Anyone else went for BSN 4.5%12Mths offer about a year ago? I did and matured  today.  That's what it says on the cert.  Tarikh matang 27jan 2017.

But they told me cannot take out till 24 hrs after Tarikh matang ie tomorrow  or practically next Tuesday. They said this is Islamic fd rule.

I said wtf.  I did islamic fd with other banks including  BR and never encounter such thing. 

Naturally  I tiau  the idiots and ask for bnm Complaint  form.  Also got evidence  of what they told me.

Got such thing?  Tarikh matang cannot take out money unless penalty?  Wtf!!!

I can't do anything now.  I'll go back on Tuesday n fuck them left n right n raise hell. What do you think I should  do?

I'm a Citigold customer too. My RM never calls me maybe because she knows I only like really low risk investment. Do you need fresh funds to apply for 4.88%?

Would think fresh fund needed. Mine is fresh fund. Going to put to the max allowed to enjoy the gain for the short 3 mths. For your case, can call your RM to enquire, since it is pure FD 3 mth 4.88%. The other promo of FD 9.99% 3 mth is UT/FD combo. 

It is for Citgold customer who already got their FREE cc. Pure FD, no strings attached. 

After pledging a Rm400k Fd to them, I doubt they will ever reject your credit card. With the exception if you are a blacklist or have a bad ccris or ctos record.
Why would they not be? What might be your worries? Ambank running away with your money?

sifus, I have a question how do all of you make big amount interbank transfer after FD upliftment? eg. uplifment of FD RM100k. Currently i'm using Instant Interbank Fund Transfer (maybank2u) but there is a daily limit of RM30,000.

1. Real-time Electronic Transfer of Funds and Securities System (RENTAS)?
2. RENTAS Can be done online or Over the counter (OTC)?
3. RENTAS RM5.30 per transaction?
4. RENTAS maximum transfer limit daily?
5. RENTAS can be performed at all banks? how to check which bank offers RENTAS?

Some of the daily cap for interbank transfer (online) that I know of..
cimbclicks
IBG
Instant Transfer
(Subject to daily combined limit of RM30k)

maybank2u
IBG
Instant Transfer
(Subject to daily combined limit of RM30k)

hongleongconnect
Interbank GIRO (IBG)
Instant Transfer
(Subject to daily combined limit of RM50k)

PBe
Interbank GIRO (IBG)
Instant Transfer
RENTAS
Subject to daily combined limit
RM20k (with PAC)*
RM50k (with SecureSign)**

bsn got on outflow amount limit (rentals/ibg)
if > 100k, can only do at bsn hq

rentas must do by 2.45pm

hi good day folks.

so, here's what I captured browsing through the last few pages/genX page. need to place an FD for my mom (senior citizen) soon.
please let me know if i get this right?

1. AMB - 4.35% - 5 years, monthly interest
2. BR - 4.5 - 5 years (need to nego and probably >100K), monthly interest?
3. CIMB prefered - 4.2%
4. HLB senior - 4.3%
5. HLB eFD - 4.05%(tuesday 4.15%) - 1 year, monthly interest

Mr bbgoat,

When you placed FD in a new bank, upon maturity of the FD, which are the best ways to take the money out and move to other banks?

seems like CIMB don't have the option to credit to principle to SA/CA upon maturity, must walk in to uplift, that is so 80's.     

Hi, I did an FD upliftment in Maybank today due to maturation of FD. However, I was required to re-affirm with the teller my employer or whether I'm self employed as well as my position.

Is that normal procedure?

Hi all, just  want to know  how to calculate the interests paid

If you put 1M in 12 months 3% ,

Does that mean monthly 2.5k?

If one has 500K to be placed in FD?

How would you suggest them to place it? Since PIDM has protection up to 250K only per depositor per member bank.

In case anything go wrong, only covered 250k inclusive principle and interest. Would it be wise to put the 250k under another name or another bank?

CB for UT/FD combo for FD 9.99% 3 mths is only for selected customers right? 

o you are converted?   last time you even question wen tis was mentioned.