Now the promo are 1 - 3 months tenure (HLB , RHB), it will for go your fresh fund status requirement.
The HLB promotion is confusing to me.

Hi, time of the year where i need to move my fd to another bank as fresh fund to catch the promotion rate.
I see often mention you guys will nego for higher rates, I usually dont get such chance to nego.
May i know if I can do it as a non premier customer with 100K+?

Best you can do is before you leave, set the fd to deposit into your account before it matures. you might be able to do it online.

MBSB Promo delay start a bit. Starting 16 Feb. GOT PIDM.



This post has been edited by dudester: Feb 15 2019, 12:06 PM

Be careful when placing long term commitment.

With effect from 1 January 2019, no interest will be paid for premature withdrawal of the FD that is placed or renewed
on or after 1 May 2018.

This for real? Sounds too good. What are the fine print?

This is rare nowadays, if yes is very good.

For my case, i already have existing RHB account. I transferred the money in , same day go to counter and told them I want FD. No problem.

For Bank Islam, had minor hiccup.
Morning open account at BI branch, then went back office, transfer money in.
Afternoon went to the HQ branch in KL, noob counter told me OH SORRY WE ONLY TAKE FRESH FUND... MUST BE CHEQUE!
I stayed calm and explained and ask him go check. Then no problem.
Also note they do not allow less then 50K per fd issue, eg for 120k i wanted 50k + 30K +40K cannot. 50K +70K ok.

No, nothing special just need your money. And dont go on friday noon, they closed for prayers and opens at 2.30pm.
Like mentioned before, the 4.65 is average % after 2 years. Your initial % is 3.8 and renews on a 3 monthly basis with increasing %.

you need to do the maths.
12 mths 4.3% = a
3 mths 4.1% = =b

Other factors you want to think , if you want to complicate yourself

for b, after 3 mths, are you going to put in fd again at X+b amount at 4.1 % assuming you still can get 4.1%...compounding the interesting 3 mthly , and will it be more then a?
then it is up to you how long you like to lock your money, reminding yourself if you break the fd before maturity you dont earn any intererst. 1mth at 3%, 3 mth at 4.1 or 60 mths at 4.88%

it also depends on how many K you are placing? at 10K, 1 year 4.1 vs 4.3 is only 0.002 x 10000 difference. is that worth your time , petrol, parking?

I would also mention monthly interest but none of the banks truly provide compounding fd at the advertised interest (Bank Islam starts at 3.8 and reach 7 after 6 x 3 months cycle and market it as GO 7%), so no need to think so much.

From HL terms and condition.
10. Eligible Customers are required to nominate a CASA / CASA-i maintained with HLB / HLISB under the individual name of the
Eligible Customers (“Nominated CASA / CASA-i”) for the purpose of crediting the interest / profit earned under this Promotion.
The interest / profit earned will be credited into the Eligible Customers’ Nominated CASA / CASA-i every 6 months and/or at
maturity. For tenures of 6 months or less, interest / profit is paid at maturity.

https://www.hlb.com.my/content/dam/hlb/my/i...romo-tnc-en.pdf

Bank get these 'gold' from suppliers for less then 80rm.

The RHB FPX efd promotion seems to have been taken away today. I was able to perform a deposit yesterday, but today I cannot find it anymore, even the marketing banner has been taken down.
Anyone else can confirm?

for principal of 100k , can i go bank and ask for higher rates?

RHB offers 2.48 9mths , can do online via FPX minimum 10k. Have 6 mths too same rate.

HLB

The online eFD in MB and RHB is pathetic at 2.8+ % 12mths... have 100k need to renew. So lazy open new account again.
RHB Premier has 4.10 if you upgrade to premier account with 100k.... whats the catch being Premier account holder?
AMbank 4.5% looks like have to go open...

MBB online 10 days offer . 3.9% 6mths . 10k min
RHB OTC 3.8% 6mths, 4.0% 12mths, 10k min

I faced this with RHB now.
RHB FPX limit is 30k max. (MBB is 50K)
Duit Now (to Bank Account) is 50K, so if you have MBB, move it there to transit.

PB eFD 4.15% 12mths
Promo till 31 Dec, via FPX.