Hi All,
I just did  FD in AM AmBank Via FPX from maybank and it failed :-(
then i read in the above messages that Ambank FPX is having issue
anyone else experience issue with ambank FD done via FPX from Maybank?  - Thanks

But did they require 10% earmark for CASA?

Meaning the effective rate is not 2.5%?

I'm confused. AFAIK, Ambank ardy have this policy since at least last year to allocate 10% for CASA for all its FD programs.

I have no Ambank accounts. New.

So for my case how?

BTW, why is everyone talking like Ambank is the best and only FD choice?

Hong Leong is giving a good rate for 6 months, although got 10% earmark. 2.55%

And 3.6% rate if apply for their credit card combo (1.6% FD and 2% into CC). The only condition is to spend RM200+ per month for 6 months. This is like a cash rebate....

OTC. Need to give banker's cheque to place this OTC 2.85% FD, Rentas not accepted. Very strange.
If have existing fund in Am Bank, then need to rentas out from Am Bank before 12.00pm, then come back to place this FD with the banker's cheque.

I guess no need to pursue the missing fund with bank ? Saw the notice that it will be returned within 5 working days.

Our offerings just got even sweeter!

Apply Bank Rakyat Term Deposit-i Account now to enjoy profit rate up to *2.78% p.a.
Campaign start 16th May until 31st August 2021. Visit our nearest branch now.
T&C apply

^ Those going to BR within this few months, be prepared to wait for a long time for your turn. In my branch, they only opened 2 counters and I spent almost 1 hour to settle my FD stuffs alone. Already faced this twice, and have several more certs to go this coming weeks  I am able to skip queue, so imagine the line. BR is really backward here. They will need to leap 2 steps to bridge the digital gap.

Does these banks have promo now: RHB, Maybank, CIMB?

Thanks!

Hi, this is my first time trying to use FPX for eFD so there are some questions I would like to ask.

1. Let's say I want to get this at Ambank, I just have to go to their branch, open a savings account and transfer my money from another bank via FPX, right?

2. If I transfer 50k on the first day and 50k on the second day, when would the interest start to count? Would there be a difference in the interest that I gain due to different amounts that I deposit on different days?

AM Bank vs. Bank Rakyat

AM Bank - Valid until 30 June 2021
(1) 9 Months FD - 2.5%
(2) 18 Months FD - 2.65% (was 2.7%)

Monthly interest: Yes, if over 50
Pro: Faster and more efficient online banking website
Con: Need to keep minimum balance RM 10000 in saving but no earmark.
PIDM: Yes
Submit check from other banks via OTC placement only, no FPX, no cash placement.

Bank Rakyat - Valid until 31 August 2021
(1) 8 Months FD  - 2.48%
(2) 11 Months FD - 2.58%
(3) 18 Months FD - 2.78%  (Best Rate :thumbsup: )

Monthly interest: Yes
Con: Slow online banking website
PIDM: No, but guarantee from Ministry of Finance

AmBank FD promo not so attractive $10K in savings is substantial. Example $100k FD actual interest is 2.25%pa only

Don't understand. How is it supportive if I withdraw immediately after placement?

Sifus

I,m new on FD.
Appreciated can share :

1. links that show all FD rate offered by all banks
2. Say i want to used FD of Ambank but .. dont have any Svg or Current .. do i have to open the account first ?
3. The FD submission Can it be done thru online application ?

Thank you all

pure FD

TnC is as usual fresh fund

i think is specific to branch

in the end i didn't take the offer coz change of mind, so i don't really follow up with the offer anymore

9-month FD/TD-i & CASA/-i Combined Campaign [ Ambank | T&Cs ]
Campaign Period : 1 August 2021 - 31 October 2021

Times are uncertain but our returns are rock solid.

Make a fresh funds placement in Fixed Deposit/Term Deposit-i (FD/TD-i) and Current or Savings Account/Current or Savings Account-i (CASA/CASA-i) for 9 months and enjoy returns of up to 2.88% p.a.



Terms and conditions:
Minimum Combined amount of RM10,000 and up to maximum of RM2,000,000 (No capping for AmWafeeq Savings Accountholders).
Placement ratio: 80% in FD/TD-i and 20% in CASA/CASA-i.
Both FD/TD-i and CASA/CASA-i accounts must be earmarked for nine (9) months.
Subject to immediate revision should there be any change to the Overnight Policy Rate (OPR).
Upon maturity, FD/TD-i will be renewed at the prevailing board rate for the same tenure.
Partial withdrawal of the FD/TD-i or CASA/CASA-i before the completion of Tenure is not allowed and the Eligible Customer(s) shall not be allowed to enjoy any interest/profit rate* whatsoever.
Applicable for placements made over the counter only at any AmBank/AmBank Islamic branch.

*Conventional terminologies are applicable to AmBank products, while Islamic terminologies are applicable to AmBank Islamic products.

can sum1 advice and clarify further, if im using fpx online transfer from other banks in order to get the promotion fd rate, can i use from another bank account (individual by not belong to me) to transfer? or izzit compulsary my own account even frm different banks?