Today again took out from HL matured FD.

Took a BC from HL bank. Went to B Islam for 24 mth step up with effective rate of 4.65%.

Only now found out that BI branch allow cheque and effective rate on the same day, instead of after cheque clearance. Last time asked, they say can only receive FD cert after cheque clearance and effective date after cheque clearance.

Would have saved some trouble and saved few ringgit if used cheque instead of RENTAS in the fund for previous 2 FD placed in BI. 

Any more information about this?
Cannot find in their website...
Can share?

To open FD, do they need CASA too?

ini betul kah?? too good to be true

i am quite sure is some 70:30 thingy, the rates are referring to  FD part  only.

Effective rates would be much lower.

Please give full details rather than simply copy a part and not telling the other.

I want to say Thank You Very Much to Joeblow to introduce this FD product to us.. 

Am Bank 4.5% FD needs to place before 31 March 2023

(1) Min FD placement RM 50K
(2) Parking RM 10K, can withdraw after FD placement

(3) Need to put fund in CASA first before 31 March 2023.
    Will convert to 4.5% FD on 3rd of March.
    Can start to put in fund now.

(4) Interest earned in CASA before 3 April 2023. Am Bank will adjust the rate according to fund amount
(a) FD amount less than RM 200K ----> ??
(b) FD amount RM 200K or more  ----> 3.95%
© FD amount RM 500K or more  ----> 4.03%
(d) FD amount RM 1 Million or more ----> 4.07%

(5) Need to visit Am Bank branch again on 3rd April to sign form.
(6) Start to earn 4.5% FD interest from 3 April until 3 Feb 2024, total 11 months FD term
(7) Joint FD account is allowed. Can use existing FD account.
(8) No monthly interest
Example: if put in RM 220K today until Feb 2024, effective rate is approximately 4.45%.

Hope this helps 

Max also 4.2% with CASA crap. Why not just go for pure FD 4.3%? What's the point of this?? 🤦 Next week will go do another 4.3%. Meanwhile, today I take back my RM10k which was needed to put there 1 day for the promotion. Again... pointless weird exercise...

How to get more interest rates? All the E.R are lower than 4.3% in the ad posted above. Unless I am missing something here.

Update:
I just placed this FD, update some info here:

(1) Parking is RM 10K in CASA, parking RM 10K's interest rate is only normal rate based on which CASA we put in. I put in True Saver, I anticipate
    my RM 10K parking can get 1.9% p.a. from True Saver.
    Parking RM 10K can only withdraw when we go to sign up the form in between 3 April to 7 April in order to switch the fund from saving
    to FD at 4.5%.
    If we go to sign up the form on 3 April, 4.5% FD will effective on 3 April; if we go to sign up the form on 4 April, 4.5% FD will effective on 4 April and etc.

(2) AM Bank did not give me any black & white hard copy about this 4.5% FD info after I put in fund for this 4.5% FD plan.

(3) I can notice from online banking that my fund + RM 10K parking are in my Treu saver now.

(4) According to this 4.5% FD plan, my fund in True Saver (excluding RM 10K parking) is earning special saving rate (like below chart) from today until to the day I sign-up the form
[attachmentid=11439745]

(5) When I go to sign up the form in between 3 April to 7 April (of course the early the better), my FD fund will switch to 4.5% FD, and on the same day
    I can withdraw my parking RM 10K.

My personal opinion, there are 3 disadvantages of this 4.5% plan:
(1) RM 10K parking for earmark cannot earn special interest rate.
(2) RM 10K parking can only withdraw when we sign-up form in between 3 April to 7 April.
(3) No monthly interest

Advantages of this 4.5% plan :
(1) 4.5% vs 4.3%
(2) 11 months

In conclusion, if you have FD that will mature near to month end of March, then no need to hesitate to take this 4.5% rather than 4.3% from same Am Bank
In overall, the return of 4.5% plan is only slightly better than 4.3% in my opinion.

I heard before 31 March.

If place on 31 March? I do not know...
Taiko Boss,

Why your parking is only RM 1746.50 so little?
My branch asked me to park RM 10K in saving.

What is your RM 350..?

Oh.. , I'd better to put some earmark money back to saving before 31 March

Note: the CASA 3.95% interest will only be paid end of April 23  --> Oh...I see    Thanks