Which bank accept ? Maybank also dont accept after FD cert has been printed. Instruction On Maturity need to be predetermined.

Did a placement at Bank Muamalat. Purchased Banker Cheque from RHB for FD placement. Firstly, each cert must have value above 100k only entitle for 4.3%. Have some problem with counter staff who insist placing FD with dual name , Banker Cheque also must have dual name . Managed to place it after making some noises, however officer say rule will apply to personal cheques. Got cert and placement date on the same day.

This post has been edited by magika: Sep 15 2017, 02:09 PM

Its laughable and illogical. But nowadays feeling very lazy to argue with them.

Sure ?

So back to the drawing board , with FD rates dropping so much as its not feasible anymore.

Nope. I transfered remainder to SSPN...

Got meh... international bank ?

Last week went to uplift my wife FD with Affin Bank, if not mistaken auto renewed since 2009. More than 12 years FD not updated but still money is there.

Hope not going direct into an argruement. Pls reply only when you have experience in the products itself.

1..2..n 4 is all fd but separated into conventional and islamic entities.

Maybank efd especially GIA-i used to be the hot favourites for us other than banks promo rates back then with indicative rates of around 4%. Now if not mistaken its not favourable. I do still have some but really not bothered as its only to hold for my current expenses.

If you login to Maybank website, do an fd placement then all four of the above choices are available. Why then place the choices in the fd placement tab if its not fd albeit with a bit of variety.

Regarding the differences between them , then look at the indicative rates for islamic products and compare them to interest rates for conventional fd products. Even though islamic base products are not guaranteed as its syariah base principle does not allow such a guarantee, forumers here can relate that its indicative rates translate to actual rates.

I have completely lost interest in fd rates a few years back as the prevalent low rates does not warrant my research time. GIA- i seems to have evolve a bit now , and seems not to have PIDM coverage if i am not mistaken.

Just sharing my opinion.


This post has been edited by magika: Mar 21 2022, 04:51 PM

FD interest is counted in days. Sum x nos of days / 365 or 366 x %

This post has been edited by magika: Mar 22 2022, 01:43 PM

Market rebounded because of rates hike...? First time hear it

Went to Ambank near me, staff there say no promo. Call another branch, staff say promo for priority customer only. Reaffirmed that not all branches have same promo.


This post has been edited by magika: Jan 9 2023, 01:39 PM

Went to Ambank, the RM blur blur abt promo rate. Ambank saving account does not discriminate between normal saving account vs priority account but maybe diff is got RM to entertain.

Excellent customer service of the banks that i have visited for fd placement :

1. Ambank
2. Ocbc
3. Hong Leong
4.




100. Maybank

Thanks. Just place it. Fpx limit 30k per transaction very mafan. Lucky can reuse code

Place last week at priority banking but efd easier n better.

All no

A learning experience, many small missteps to make better experience.

Ambank Online FD 4% 2 month.
Usually when i open a bank account, i will always try to make it joint account in case shit hit the fan. As with Ambank , i open a joint account and got a debit card in my name, thinking that its still a joint account. So instead of placing the FDs otc which involves travelling to the bank, i did it online. The issues is the amount is much larger whereas fpx limit is restricted to RM50k per day, so i transfered some to my wife account and did the fpx from both our account. When placing the fds online, i did read that it must from the same name as the fds, but imaging mine to be joint account, tried it anyway for learning purposes. True to expectations, the status went to " pending review" and the reject notification came the next day. It will be a few days for the fund to return barring any hiccups. So plus 1 for new experiences this year 2023.

Its not so simple. Accounts are quite fluid nowadays and liquidity will be easier.

With Fds rate above 4% and on the extreme side PBB 24mths 4.8% , it would satisfy savers and a relief for borrowers when opr is maintained at the current level.