Tag Archives: AmBank

Highest Fixed Deposit Promotions Interest Rates April May and June 2014

I just updated my Fixed Deposit Page at my main blog. To find out which banks are offering high/attractive interest rates for Fixed Deposit for April, May and June 2014, please click on the link below:


Check out OCBC 12 months and 18 months Straight Forward FD which do not require the stupid CASA thingy.

And don’t be mislead by Maybank claiming that their Step Up FD 12 month Promo is offering 3.88% effective interest rate.

Other Banks’ Fixed Deposit Promotions mentioned in my FD Page are from Affin Bank, UOB Bank, Public Bank, Bank Rakyat and Hong Leong Bank.

And in my FD Page, I have tips as to how to maximize earning higher effective interest rates for FD promos requiring you to deposit x% into CASA, especially on OCBC FD deals.

Malaysia Best Top Ten Credit Card 2014

I am pleased to announced that I have published my third Credit Card Ultimate Showdown – The Best Top 10 Credit Cards in Malaysia 2014.

This time around, I have included two new categories in my evaluation.

In view that Maybank Treats Points now have validity period of 3 years like most banks, I have a new category for timeless evergreen reward points.

Another new category is for Enrich Miles where we get “FREE” Malaysia Airlines ticket (excluding surcharges and taxes) from our credit card usage.

Omitted from from this top 10 credit card review are Public Bank credit cards where the cash back starts at miserable 0.3% including their Platinum cards, Standard Chartered Banks credit card including their Visa Infinite where one needs ridiculous rewards points to perform a redemption.

The StanChart Visa Infinite have been stripped off it’s titled of Ultimate Airport Lounge Credit Card which I awarded to it couple years back because effective October 2013, it only grants you 2 FREE Entries to airport lounge worldwide. And couple with Standard Chartered Bank credit cards useless reward points, I have now classified SCB VI as one of the worst credit card in Malaysia together with OCBC Gold credit card which earns you miseralbe 0.2% cash back.

A total of 22 credit cards were evaluated and reviewed plus one special evaluation in the conclusion.

The credit cards review in this showdown to compare the benefits in coming up with my Top Ten list consists of Alliance Bank Platinum and Visa Infinite; Citibank Prestige MasterCard World, PremierMiles AMEX, Platinum and Cash Back Card; AmBank Visa Infinite and World MasterCard; CIMB Visa Signature, CIMB World MasterCard and Visa Infinite; Hong Leong Bank Visa Signature; HSBC Visa Signature; Maybankard 2 Cards and Visa Infinite; OCBC Titanium MasterCard; RHB Visa Signature; and versus UOB One Card, Platinum and Visa Infinite.
I know some of you guys have been waiting for this credit card ultimate showdown, so without further ado, please click on the link below to find out the BEST TOP TEN CREDIT CARDS in Malaysia 2014:

The Best Top Ten Credit Cards in Malaysia – Ultimate Showdown 2014

And once again, if you have yet to go get the Maybankard 2 Cards, which I keep repeating is the best credit card for local transactions, what are you waiting for? Use the Maybankard 2 AMEX at GIANT, TESCO, AEON, Parkson, Metro Jaya, Harvey Norman, Courts, MPH, Borders, Kinokuniya, Petronas and most other petrol stations, Telekom, TNB, Local Council Assessment, Hotels, Air Asia, Malayais Airlines, Tai Thong Group of restaurants, Sushi Zamai, Pasta Zamai, Rakuzen, Alexis, luxury brand outlets and many other outlets including UNIQLO. And if the AMEX is not welcomed, then your MBB 2 Visa or MC get to taste some actions :)

The Best and Highest Fixed Deposit Interest Rates Promotion September 2012

For September 2012, OCBC Fixed Deposit promotion interest rates were lowered as compared to month of August 2012.  The interest rate for the OCBC Combo Promo has been reduced to 4% and you need to deposit 20% equivalent to the FD amount into a new Savings Account. The good news is OCBC has a saving account called Smart Saver with interest rate up to 3% pa.  And if you open or upgrade to OCBC Premier Banking, half of your AUM is entitled to 5% interest rate for FD.

The highest fixed deposit promotional interest rate is 5% being offered by HSBC new Amanah branches, two in Kuala Lumpur and 1 at Kota Damansara.

Hong Leong Bank Fixed Deposit Promotions are still being offered until end of October 2012 where you can get 3.65% interest rate for 12 months Fixed Deposit with Junior FD. HLB Priority Banking customers are entitled to 3.65% too for 6 months Fixed Deposit.

UOB Bank Privilege Banking customers also enjoy higher additional interest rates on top of their current promotional interest rates for Fixed Deposit.

To learn more and to compare the latest and highest interest rates for Fixed Deposit promotions offered by AmBank ( AmBank Islamic i Accounts), CIMB Bank, Hong Leong Bank, HSBC Bank, Maybank, OCBC Bank, UOB Bank and  Bank Rakyat, click below link:

For the most comprehensive listing of Fixed Deposit Promotion Interest Rates in Malaysia where others come to get their information, click >>> GenX GenY GenZ presents The Best, Highest and Latest Fixed or Time Deposit Promotion Interest Rates in Malaysia Septmeber 2012 – CIMB Bank, Hong Leong Bank, HSBC Bank, OCBC and UOB Bank.

AmBank Top Rate Fixed Deposit Promotion 16 May to 30 June 2012

AmBank just launched their latest Fixed Deposit Promotion on 16 May 2012 offering 3.9% for 12 months tenure FD. This FD promotion ends 30th June 2012.

The offer is open to individuals and SME where the minimum fresh fund requirement are RM10K and RM20K respectively.

The other thing is that the interest must be credited into CASA, thus need to open a Savings or Current Account.

And if you are willing to apply for AmBank credit card, they are offering 4% for 12 months FD BUT it is capped at maximum of RM200K deposit only.

AMBank is also offering 6 and 9 months FD promotion but the 6 months rate is less than OCBC 3.65%.

Click here to my Fixed Deposit Page at GenX GenY GenZ for latest FD Promotions from UOB, OCBC, RHB, CIMB, Maybank, Alliance Bank.

The Best Credit Card in Malaysia 2012 – Is There One This Year?

Last year I published 2 articles on subject of The Best Credit Card in Malaysia at My Credit Cards blogspot as follows:

1. The Best Credit Card in Malaysia – Is There Really One?

2. Malaysia Top 10 Credit Cards – Ultimate Showdown 2011

And on March 8 2012, I published my latest list of The Best Top Ten Credit Cards. All together 18 credit cards were evaluated from AmBank, Alliance Bank, CIMB Bank, Citibank, Hong Leong Bank, HSBC Bank, Maybank, OCBC Bank and UOB Bank. Two newly launched credit cards made it to my this year Top 10 credit cards. Credit Cards from Public Bank and RHB platinum were excluded from the evaluation. Click on below link to read more on the Subject of Best Credit Cards 2012 and see if your credit card made it to my Top 10 for 2012.

The Best Top Ten Credit Card in Malaysia – Ultimate Showdown 2012

The Top 10 Credit Cards in Malaysia

AmBank Citibank and Hong Leong Bank Raised Outstanding Balance Interest Rates

In  The Star, today it was reported that AmBank, Citibank and Hong Leong Bank will be raising their tiered interest rates for Outstanding Balance effective 1 March  2012. They will also be increasing late payment penalty.

Below are parts of the report by Yvonne Lim and Melissa Soo at The Star Online:

Ambank card holders who have been paying their outstanding credit card bills on time for 12 consecutive months will be charged an interest rate of 15% per annum, up from 13.5%.

Prompt payments for at least 10 months will come under a 17% interest charge (previously 16%) while those who do not fall into either category will be slapped with the highest interest rate of 18% (previously 17.5%).

For late payments, card holders will be charged a minimum of RM10 or 1% of the outstanding balance, whichever is higher, and up to a maximum of RM100.

Citibank will raise its tiered pricing rates for prompt payments over 12 months from 13.5% to 15%, 16% to 17% (for 10 prompt monthly payments), retaining the maximum interest at 17.5%.

Hong Leong Bank’s new interest rates are 15%, 17% and 18% in the respective categories.

Click here to read the full article in The Star.

Click here to see Hong Leong Bank announcement on New 3 Tiered Interest Rates.

Click here to see Citibank announcement on 4 New Tiered Interest Rates and Late Payment. For those who pay 50% or more of their Outstanding Balance promptly for 12 consecutive months, the interest rate is 8.88%.  Late payment charge will be revised to a minimum of RM 10 or 1% of total outstanding balance as at statement date (whichever is higher), up to a maximum of RM 75, with effect from 1 March 2012.

Click here to see AmBank 4 Tiered Interest Rates where the True Card interest rate is 12% for those who have made 12 consecutive prompt payments. Late Payment charge will be revised to a minimum of RM 10 or 1% of total outstanding balance as at statement date (whichever is higher), up to a maximum of RM 100 effective 1 March 2012.

[Update 27 Feb 2012 - HSBC also hiking their interest rates on Outstanding Balance on 15 March 2012. Click here to read more.]


Click here to read AmBank Credit Card Promotion March 2012

AmBank Credit Card 0% AmFlexi Pay for Ladies Only

Believe it or not, AmBank has a up to 12 months 0% installment plan exclusively for ladies only from now until 29 February 2012.

Click here to read more on other AmBank Promotions

The Program is applicable for retail transactions made at Isetan, Jusco, Mark & Spencers, Metrojaya, Parkson, Robinsons & TANGS at any branches in Malaysia.

This AmBank 0% installment promotion is kind of unique because the ladies can combine their on the same day transactions at the above mentioned participating outlets and convert to either 3, 6 or 12 months 0% installment plan.

The minimum amount to convert to the 3, 6 and 12 months 0% installment plans are RM500, RM1000 and RM2000 respectively.

Click here for the Terms & Conditions and to read more about the AmBank Flexi Pay 0% Installment Plan just for the ladies.

For the guys, don’t worry, you still can opt for AmFlexi Pay 6 or 9 months 0% installment plan for any retail transaction, but this plan expire in January 2012, click here to read more about it and other AmBank promotions too.

AmBank Credit Card Promotions 2011 – 2012

UPDATE February 2012 – Click here to AmBank Credit Cards Happenings March 2012

AmBank 20% Cash Back on weekends for Petrol, Groceries, Departmental and Pharmacy promotion has been running since June 2011 and wil expire on March 2012. Since this weekend will be the first weekend of December 2011, I thought that I remind you guys holding AmBbank credit cards about this promotion. And, for those of you who are not familar with the terms and conditions of this promotion, please click here to my article on AmBank Promotion at blogspot where I have posted examples and discuss briefly about how you can earn the 20% cash back.

Click here to read more about AmBank 20% Cash Back

Another good offer from AmBank is where you can convert you retail transactions to either 6 or 9 months 0% installment plans. This promo expire on 31 January 2012.

And if you shop at Bangsar Shopping Centre, even if you don’t have a AmBank Visa credit card, go check it out if your Visa credit card is entitled to Visa’s Promo below:

And don’t forget to use your AmBank Credit Card to enjoy 10% discount at Starbucks for dine-in and take away. This Starbuck discount promo with AMBank credit card ends in March 2012.

And if you are thinking of doing Balance Transfer with AMBank to get thier free gifts, my advise is that you better go with other banks’ Balance Transfer Plans where few are offering 0% interest and can go up to 12 months tenure.