Maybank's GIA promotion is confirmed ended.

What I just found out is normal FD at effective rate 4.0%.
Step-up rates as follows:
1st to 6th month 3.5%
7th to 10th month 4.0%
11th to 12th month 5.5%

Minimum RM10k & is valid between 5th to 31st January 2017 or upon reaching RM 300 million.
(Apparently today it already reached RM 130 million)

I will not be surprised considering yesterday around 12+pm I was informed already 130 million out of 300 million has been snapped up.

Maybank service is really slow. I was there before closing time yesterday but only this morning my FD was registered though my RM promised it will be dated yesterday! Luckily I put it all back to GIA last night to earn RM 10+ for a night.
So it could be possible they had a backlog from yesterday.

I must thank all the sifus here, even those who have 'retired' from the forum to be extremely calculating in terms of FD interest. Before knowing this forum some years ago, my FDs were only earning an average of 3.1 or 3.2%.

I told my RM how come this month no new quota for GIA, he could not give any satisfactory answer.

100k & the 300 million quota, is a big difference leh

I was at MBB at 3.30, only about an hour later I finished & could not get my FD slip cos operations closed!
Yes, it may help trying another branch also, different branches may have different story.

Sometimes it is true they run out of stock for gifts, I experienced before. However, as of late, Section 14 branch seems to be getting stingy as previously it was quite easy to get nego rate from there.

As for bigger gifts like hampers & buffets, I think you really have to millions deposited to be eligible for it in PJ/KL areas as there are many high rollers. I gave up hope of getting it also. Or maybe you need to open an account in poorer areas in KL/PJ to get it?

In terms of the gifts, I'm speaking from experience of some forumers.
Those in Penang, I'm not so sure but those in Klang Valley most likely have a total of 7 figures or more to get invitation to the buffets & hampers in BR as I have been faithfully placing some funds of a few hundred K in BR but never got it.

Of course, the gifts are no big attraction to place funds there though but is more like a feel good factor.

This post has been edited by gchowyh: Feb 3 2017, 05:38 PM

I would suggest posting it in facebook & making it public, so far that works best for me on a few occasions when dealing with bank / credit card complaints.
In Malaysia, big companies usually don't bother treating customers nicely until their reputation is at stake.

Sounds kind of like giving excuses. Eg. last time for my SCB FD promo, they did not enter into the system correctly to credit the interest every 6 months, when the 6th month came, I did not get my interest. It took me 3 complaint cases & a few months later before they acknowledge their mistake & obediently credit my interest. Before that, they gave lots of excuses like:
1. payment instruction is maturity & not shown on my FD slip
2. system is fixed, cannot be changed.
3. need top management approval bla bla bla

Luckily for this forum contributors who said is possible to change, I even argued with them saying my 'friends' managed to change it & what they said is wrong!

Anyhow, 4.05% compared to 4.08% BR / Ambank / RHB is not that great anyway, so is your call if you want to demand what is right.

This post has been edited by gchowyh: Feb 16 2017, 06:03 PM

Tell me about it, I'm considering of closing my account at SCB.
I can't remember if anyone failed to get their interest every 6 months in the end? Maybe everyone got it unless they explicitly requested it upon maturity?

Can't wait to know what is the T & C for it though I don't think I have enough maturing FDs to move over there to be eligible for PB.

Sifu, do you think the 4.15% or 4.2% promo will be until April? Last year's 4.5% BR promo maturing then

Me low profile, since i group some of my funds for better rate & with Ambank's & BR's 24 months promo rate, sometimes for few months I got no FD to renew.

i'll take the gamble then for next month, worst case is try out MBSB or Ambank's 4.08% for 8 months.

Got this in my facebook:

3.9% for 6 months & 4.1% for 12 months minimum RM 10k

Details:
http://www.cimbbank.com.my/en/personal/pro...ed-deposit.html

Just got back from CIMB, here are the promos still available:

4.2% 12 months for Preferred customer - currently finding out if new Preferred customer can get it or not without topping up on top of the initial RM250k
- heard interest credited monthly

Normal customers:
3.9% 6 months
4.1% 12 months
minimum RM10k

They're very slow & blur, at first told me 4.1% also only for preferred customer, normal can only get 4.05%!

I think I will have to chase them for the answer to my earlier question.

When you applied to be a preferred customer, do you need to give your salary details also? The clerk seems like reading from a script which is not accurate..


Suddenly with this promo, I may swing my funds over there instead, tempting

She said need to show income statement to apply the CIMB preferred visa infinite card which is also like a preferred membership card.

Yes, Bank Muamalat requires company account which I can open only need to know what documents are required.

Please check this link, is on the web site:
http://www.muamalat.com.my/consumer-bankin...ih_Besar_5.html

Small boss only, the company is also for income tax purposes


Last year's BR 4.5% next week only maturing, so i'm doing the background study now to be prepared when the time comes.


Yes, unfortunately for individual is only 3.8%.

If you have quite alot of funds, it is not too expensive to start a sole proprietor company for this purpose especially when you can do it online now.
http://www.ssm.com.my/en/sole/starting-a-s...hip-partnership

Thanks, ya, I got my answer yesterday evening after calling them.

On Bank Muamalat, I just called the hotline, here what needs to be done to open a business account:
1. Submit photocopy of IC
2. Submit company registration form

Apparently need to take about a week to process & then only approve the application.

Once approved, deposit RM1k into the current account but after that it can be taken out.

I will go to the branch, if really need 1 week, I may just go with CIMB.

If I am not mistaken, FD interest is not company taxable.