U will see the below ads when u login/logout to/from your cimbclicks. Just click on the ads for the T&C. I've copy paste below (only a few clause) for convenience.





CIMB BANK BERHAD'S TERMS AND CONDITIONS GOVERNING THE "6 MONTHS & 12 MONTHS ELECTRONIC FIXED DEPOSIT CAMPAIGN"

1. The 6 Months & 12 Months Electronic Fixed Deposit Campaign ("Campaign") is organised by CIMB Bank Berhad ("the Bank" or "CIMB Bank") and shall commence on 1 May 2017 and end on 30 June 2017, both dates inclusive ("the Campaign Period"). The Bank reserves the right upon giving fourteen (14) days' notice to change the duration and/or the commencement and/or expiry dates of the Campaign Period.

Special Interest Rates for Electronic Fixed Deposit ("eFD") Placements

4. To be entitled to the following Special Rates under this Campaign, the Eligible Customer(s) must make a minimum single deposit placement amount for the fixed tenure as per the table below during the Campaign Period:-

eFD Tenure: 6 Months
Special Interest Rates for eFD Placement ("Special Rates"): 4.00% p.a.
Minimum Single Deposit Placement Amount in eFD account: RM10,000

eFD Tenure: 12 Months
Special Interest Rates for eFD Placement ("Special Rates"): 4.15% p.a.
Minimum Single Deposit Placement Amount in eFD account: RM10,000

ampaign Mechanics

5. The eFD placement must be made through CIMB Clicks. Eligible Customer(s) must log into CIMB Clicks and click on the promotional banner regarding the Campaign to make the placement. Only Eligible Customer(s) will be able to view the promotional banner.

6. Fixed Deposit placements performed at any branches of the Bank shall not be eligible for the Special Rates.

7. The "Special Rates" are applicable for eFD placement of one (1) cycle only.

8. Interest will be paid out upon completion of the eFD tenure.


Cheers

This post has been edited by edlimcs: May 1 2017, 01:46 PM

Any idea what does this clause means?

"For Ringgit Fixed Deposit or Ringgit Fixed Deposit-i placed on and after 5 March 2018 no interest /profit will be paid at all for premature withdrawal/early settlement made on or after 1 January 2019.

Premature withdrawal/early settlement made before 1 January 2019, as well as all placements made before 5 March 2018 will not be affected by this revision."

Extracted from: https://www.ocbc.com.my/personal-banking/ac...onus/index.html

Saw this fine print on OCBC's Bonus-on-Bonus FD Campaign. If I remember correctly, currently, most banks will still give 50% of the interest rate for each completed month for premature withdrawal.

Means that starting from 2019, any early/premature withdrawal will not be given any interest at all? Means we could not switch FD funds that often anymore? Is this only applicable for OCBC?

Sifuussss, please advise

this 4.4% is OTC right? which Ambank branch? I called Ambank Sri Hartamas today, they said 4.35% p.a. for 12 months.