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Alliance Bank advertises 4 option offers.

Option 1 and 2 involves tying up in Wealth Management Products which you do not seem interested from your question.

Option 3 is 80 FD : 20 CASA bundle with step-up each month 4.60 %, 4.65 % and 4.70 %.
The CASA portion will be at the low CASA interest rate and not at the step-up rate. You will only get maybe a bit more than 3.72 % p.a. depending on the
type of CASA interest structure and the amount you  have in it. You will not get 4.65% p.a. return on your total bundle deposit.

Option 4 is a pure step-up FD each month 4.10 %, 4.15 % and 4.20%. You will get something like the 4.15 % p.a. depending how Alliance Bank calculates interest nowadays.

Option 4 is clearly better than Option 3 for 3 months.

Hi, can somebody please enlighten the following interest calculation?

1) RHB Bank 4% p.a @ 3 months. Placed RM 10,000.00 from 25 Mar - 25 June 2019.  Interest earned is RM 100.82. Looks like RHB calculate base on 92 days instead of 93 days?
Base on my understanding:
25 Mar - 31 Mar @ 7 days,
1 Apr - 30 Apr @ 30 days,
1 May - 31 May @ 31 days,
1 Jun - 25 June @ 25 days
Total 93 days.
Therefore interest earned =  RM 10,000 x 4% / 365 x 93 = RM 101.92
However, RHB payout = RM 10,000 x 4% / 365 x 92 = RM 100.82
If I uplift yesterday, I will earn no interest (as shown on the upliftment page), but why the calculation is not based on 93 days (inclusive of 25 June) but 92 days?

2) HLB 4% p.a @ 6 months. Placed RM 20,000.00 from 15 Dec 2018 - 15 June 2019. Interest earned is RM 398.90 . Totally no idea how to get the amount
Base on my understanding:
15 Dec - 31 Dec 2018 @ 17 days
1 Jan - 31 Jan 2019 @ 31 days
1 Feb - 28 Feb 2019 @ 28 days
1 Mar - 31 Mar 2019 @ 31 days
1 Apr - 30 Apr 2019 @ 30 days
1 May - 31 May 2019 @ 31 days
1 June - 15 June @ 15 days
Total 183 days
Therefore interest earned =  RM 20,000 x 4% / 365 x 183 = RM 401.10
However, HLB payout = RM 398.90 (no idea how to get this)

Thank you

Thanks for the explanation. Got it now. 😅
Err.. put back HLB lo ...

already dropped to 3.90% since 15 june 

Hi I have a FD today already matured.

Should I renew it this month or do it next month hoping rate will be better in July?

What do you think the rate in July will be higher or lower?

Please share your insight. Thanks

Looks like Bank Islam FD rates among one of the better one at the moment.
But promo going to end soon.

PB eFD Campaign

Please be informed that Public Bank is launching the PB eFixed Deposit (PB eFD) Campaign. The Campaign will run from 1 July 2019 to 30 September 2019.

Click here for the Campaign’s Terms and Conditions.

3-Month 3.15%
6-Month 3.20%
9-Month 3.25%
min RM5k

Danm.. I got cheated by unprofessional bank staff. 

Asking all sifu here.

Usually what kind of amount of FD so can negotiate with banks?

did FD at Affin 4.23% @15mths this morning both bank side by side yet have to spend RM2.65 for bank cheque from Ambank.

Nowaday very susah & tedious to open a new bank account lah ...

I heard it is because got money laundry case happened,
those "kepala" ask their "kaki" to open many many bank accounts with different branches then they use those accounts to do money laundry

BNM new policy to limit CASH withdrawl for 1 day to max RM25K, if over, must submit additional forms

All these is to control the money laundry activities lah ... 

Hi, newbie here.

Question, to enjoy the FD rate of 4.23% from Affin, I need to open account in Affin Bank or Affin Islamic Bank?

Thanks