Thank you for your invaluable support for strenghening the RMB during the Chinese US trade war.
But there should be a promotion rate, try ask it from the counter staffs.

i feel like RMB a bit not so stable... and china always tend to depreciate the currency to boost their export...

however, just my 2 cents. Not really an expert in FOREX

Alliance Bank 3.95% 12 months fresh fund OTC.

It's guaranteed but conventional FD gives a much higher rate.

Update of pure OTC FD promos unless specified otherwise as at Friday 20 December 2019. All FD promos will terminate early if target fund reached.

1) Affin - no promo.
Best FD board rate still maintaining at 3.25% p0m11.

2) Alliance Bank - Tel: 03 5516 9988.

Told promo Mon 23 December till 31 January 2020.
Requirement 10k in CASA but no earmark. Minimum 10k or much more in FD at 4 % p0m6. Hope details will be accurate when implemented.

3) AMB - no pure promo for normal customers.

For Priority customers only with 10k or more still in CASA.
3.95 % p01m6 minimum 10k.

4) Bangkok Bank - no promo.

5) BIMB (Bank Islam) - no pure promo. Was told - hope details correct.

Bundle MoneyMax 4.7 % Wafiyah Investment 80 : Al Awfar 20 earmark. Effective Rate 3.79 % p0m6 minimum down to 50k and close earlier 24 December 2019. No PIDM.

4.45 % Wafiyah 84 : Al Awfar 16 earmark. Effective Rate 3.75 % p0m3 minimum 10k till 31 December 2019.

6) BKR (Bank Kerjasama Rakyat) - no promo.
Top FD board rate still maintained at 4.1 % for 5 years.

7) Bank Muamalat - no promo.

8) CIMB - 3.85 % p1m6 10k AF. Rate set each Monday- may maintain or change this Monday

9) HL - 3.9 % eFD 10k FF FPX.

Bundle FD with ASNB.

10) MBB - no pure promo.

11) MBSB - no pure promo.

PrimeValue Bundle 5.5 % FD 75 : PrimeWin 0.5 % CASA-i 25 earmark 30k FF. Effective Rate 4.25 % p0m6 till 31 January 2020 now.

12) OCBC - 3.65 % p0m6 minimum 10k FF till 31 December 2019.

13) PBB - 3.5 % p0m3 and  3.7 % p0m6 10k FF till 31 December 2019.

14) RHB - 3.8 % p0m6, 3.9 % p0m9 and p0m12 minimum 10k FF till 31 December 2019.

Bundle  4.1 % FD 80 : SA 20 p0m5 minimum 10k.

15) UOB - FD Plus 3.7 % p1m7 and 3.85 % p1m9 minimum 10k FF from 1 November 2019 to 31 December 2019.

Please update if any detail incorrect or changes.

MBSB PrimeValue bundle ER 4.25 % p0m6 minimum 30k FF till 31 Jan 2020..
Bank Rakyat 4.1 % board rate. p1m60 with minimum 5k AF.
Alliance Bank 4 % p0m6 minimum 10k till 31 Jan 2020.
OCBC 360 savings 4.1 % for up to 100k.
Minimum acceptable 4 % to 4.1%. Best 4.25 % promo rate..
Negotiable 4.4 % 5 years.

For MBSB PrimeValue promo, the correct ratio is FD 75: PrimeWin SA 25 not 50:50 or 1:1 as in your calculation.
The ER calculation is (5.5x75 + 0.5x25) / 100 = (412.5 + 12.5) / 100 =425 / 100 = 4.25 % p.a.

You should also understand the following basic points to be able to calculate FD correctly:-

For the ER calculation, the number of months in the tenor does not affect the rate which is in per annum.

The number of months does not come into play at all, as the actual profit/interest you get on maturity is (ER x Principal x Interest Bearing Days / 365) / 100.

The Interest Bearing Days (IBD) depends on the actual tenor of your specific placement which depends on when you make the placement thus affecting the Effective Date and the Maturity Date set by the bank.

The Interest Bearing Days is the number of midnights between Effective Date and Maturity Date where the Principal is with the bank as a constant EODB (End Of Day Balance).

The treatment of Effective Date and Maturity Date and any extra IBD profit/interest due to holidays etc varies from bank to bank.

Please refer to my previous posts for examples and details on how FD actually works at the nitty gritty level.

Just checked with CIMB, they said this was a Term Investment Account-i, same as GIA-i in Maybank, but the profit could be guaranteed, even they had been consistently fulfilling the rate they had been promising last few years.

Most people treat TIA (Term Investment Account-i), GIA-i same as FD, but actually they are not the same !!!

The following is the pdf for this product.

https://www.cimbislamic.com.my/content/dam/...Mass_250118.pdf

I want to ask if anyone of the sifu here know how they could deliver the rate of return they have promised, in this case 4.4% while this is actually an investment based type of account.

As everyone knows,  performance is not guaranteed when it comes to investment.

But they have been delivering the rate of return as they have promised, as I was told by the branch assistant manager.

The product is not covered by PIDM for 6 months at 4.4% clearly shows there are risk involved. But the thing I don't understand is how they have delivered the rate they promised consistently for years already.

RM30,000 maximum on FPX transfer.
I placed OCBC FD without opening any account hence I went to my bank and request for bank draft and pass it to OCBC over the counter.
Upon maturity, OCBC uplift my FD by giving me a cheque.

Does anyone know whether we are allow to go to Bank to dealt with FD during the mco ? If joint a/c & need both to sign, can go out together in 1 car ?

I had been understand, if go buy food, 1 person only allow.

Thank you.

Is this gia? How i open this efd?

if you have mbb casa, can use the fund directly. just remember to choose Islamic Fixed Deposit (eIFD-i)

if fund directly from other banks, then FPX transfer is the method (source bank -> FPX -> maybank eFD/eIFD)

you cannot uplift on the same day as placement. only can uplift tomorrow from 6am until 10pm.
if you are creating NEW efd/eifd account, then need 1 day to create account and placement take effect. --- last i check la, only happen 1 time for each efd type.

if you have existing efd/eifd account, placement will take effect on the same day.
note: just tried FPX, it can do placement, but rate is just 2.55% @ 6 month. better do placement from m2u casa.

you cannot uplift on the same day as placement. only can uplift tomorrow from 6am until 10pm.
if you are creating NEW efd/eifd account, then need 1 day to create account and placement take effect. --- last i check la, only happen 1 time for each efd type.

if you have existing efd/eifd account, placement will take effect on the same day.
note: just tried FPX, it can do placement, but rate is just 2.55% @ 6 month. better do placement from m2u casa.

Alliance Bank Save Plus account at 3.20% max tier

check tomorrow see see

What’s the minimum top-up amount ?
Thanks.