FD market now very stale. Not much happening
FD rates in Malaysia, Which bank offer the highest FD rates?
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 Jul 5 2011, 04:32 PM
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#21
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5,640 posts Joined: Feb 2005 From: Manussa loka  
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Aug 1 2011, 10:29 PM
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#22
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5,640 posts Joined: Feb 2005 From: Manussa loka
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QUOTE(MNet @ Aug 1 2011, 09:22 PM) maybank promo Not at their website.. is it at their branch only?1st month 3.1% 2nd month 3.1% 3rd month 3.7%  |
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Aug 2 2011, 11:51 AM
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#23
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5,640 posts Joined: Feb 2005 From: Manussa loka
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Check eFD, not available. Looks like I need to deposit at the branch. Isn't this so inefficient?
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Aug 2 2011, 07:13 PM
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#24
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QUOTE(kevyeoh @ Aug 2 2011, 02:31 PM) dang... they should have made it easy on eFD... Effective rate 3.3% only. 1st 2 months 3.1 , 3rd month 3.7% Minimal is 20k Can't do it online through eFD but have to open on their branch. Promotion will stop once Maybank got their target RM 1 billion deposit. This post has been edited by soul2soul: Aug 2 2011, 07:58 PM |
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Aug 3 2011, 10:07 AM
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#25
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QUOTE(insaint708 @ Aug 2 2011, 11:28 PM) When the promotion ends? When Maybank get their intended RM 1 billion deposit - I don't know when that will happen.Average out is only 3.3% for 3 months tenure. Not that significant unless you have large amount of money and have Maybank2u to credit the interest/principal upon maturity to save banker's cheque / transfer cost/ transport cost/ time cost/ loss of interest for 1 day during transfer. This post has been edited by soul2soul: Aug 3 2011, 10:09 AM |
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Sep 21 2011, 10:56 AM
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#26
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QUOTE(BoomChaCha @ Sep 19 2011, 09:53 PM) You can consider 4.7% pa for 5 years term in MBSB. Is the deposit in this financial institution protected by PIMB?But you will not get compound interest, interest will pay into your MBSB saving account every 6 months. And you will get interest in your MBSB saving account. http://www.mbsb.com.my/deposits_fixed.html 4.7% for 5 years is quite decent. |
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Sep 21 2011, 02:48 PM
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#27
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QUOTE(gsc @ Sep 21 2011, 12:41 PM) 4.7% not compounded, is that good? Let's see , compounded interest rate of 4.7% pa will give you 25.8% return in 5 years.Correct me if I am wrong... Affin If I put in RM 1000 into Affin for a year at 3.6%. after a year interest is RM36 after 5 years with compounded interest will be RM 1193. Interest earn is RM193. MBSB what will be the interest earn after 5 years for the same amount of RM1000? Saw in the forum mentioned interest will be bank in every 6 months. Non-compounded interest rate of 4.7% pa will give you 23.5% return in 5 years. Difference is 2.3% of the principal amount at the end of 5 years. So if you put in RM1000 , the difference will be RM23 in 5 years time. To answer your question, for MBSB since it's non-compounded 4.7% pa, you will get Rm1000 x 23.5% = RM235 in 5 years time. In another word, a return of 23.5% would be 4.65% pa compounded interest , or 4.7% pa non-compounded interest for 5 years. Still decent right? better than some unit trusts ..... 1/4 return in 5 years  p/s Can anyone tell me MBSB deposit guaranteed by PIDM or not? This post has been edited by soul2soul: Sep 21 2011, 04:00 PM |
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Oct 6 2011, 02:49 PM
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#28
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QUOTE(thunderaj @ Oct 6 2011, 02:19 PM) Just did a while ago Maybank E-FD is good because you can uplift at the day of maturity.Not bad quite easy Maybank got some FD promotion now, but can only do it over the counter. This post has been edited by soul2soul: Oct 6 2011, 02:54 PM |
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Oct 6 2011, 04:15 PM
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#29
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QUOTE(BoomChaCha @ Oct 6 2011, 03:18 PM) All banks' FDs can uplift or withdraw on the maturity dates, except holidays. Placement of e-FD at CIMB banks CIMB E-Fixed deposit 13. Would I be able to withdraw/uplift my eFD on the maturity date? No, you will not be able to. You may withdraw/uplift the eFD one day after the maturity date. However you can perform withdrawal/upliftment at your home branch on the maturity day. Added on October 6, 2011, 4:22 pm QUOTE(thunderaj @ Oct 6 2011, 03:17 PM) what is the promotion? please refer to post a few pages back. Maybank has 4 months and 6 months promotion FD. If not mistaken it's 3.3%.This post has been edited by soul2soul: Oct 6 2011, 04:26 PM |
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Oct 6 2011, 04:32 PM
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#30
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QUOTE(BoomChaCha @ Oct 6 2011, 04:27 PM) I usually withdraw my CIMB FD on the maturity date, interest rate pays on accurate amount. If you read the FAQ , it says for e-fixed deposit it can be withdrawn at the counter of the home branch at the maturity date.But my CIMB FD statement is on a paper (deposit and withdraw via bank counter, a traditional type), But if we put in the online FD through CIMB clicks (e-deposit without paper or going to counter), we can only withdraw a day later. FD placed through counter and online FD (e-FD) are treated differently by CIMB bank. Dunno why. I know it's not a problem with Maybank. Added on October 6, 2011, 4:38 pm QUOTE(Gen-X @ Oct 6 2011, 04:27 PM) cherroy mentioned months back that if a FD maturity date falls on a Public Holiday or non working day, the interest will be calculated until the next working day. Well, he is absolutely correct. HLB does that. Actually , is there a difference if we put the FD at 10am in the morning and 8pm at night ? (through E banking)Had a Maybank FD due on last Saturday, when I withdrew it, the amount printed at the back of the receipt shows interest until Saturday only. So asked the MBB officer how come interest not calculated until next working day (since not my fault the bank is closed on Saturday) and he said that MBB only pays interest for the tenure stated. But when he gave me the deposit slip to my current account, the amount included interest up to Monday  So, some banks' officer don't even knows what cherroy mentioned above. To all who opened SCB Account recently to enjoy 5% interest, I asked my RM how much it will cost me if I close the account. She said that there will be a fee if I close the account within 3 months and told me just leave RM1 inside the account for more than 3 months and then no fees will be imposed  Sometimes, I got less interest maybe counted as half day if deposit after 12pm? Got such thing? This post has been edited by soul2soul: Oct 6 2011, 04:38 PM |
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Oct 7 2011, 10:31 AM
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#31
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QUOTE(Gen-X @ Oct 7 2011, 09:49 AM) Then add RM10 or RM100 cash , settle wah worth it boh? . According to definition CASH is new fund.Pay parking , fuel and 1 hour every month to deposit .... Unless it's a very large amount but for fewty thousand ringgit, might not be worth it IMHO. |
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Oct 9 2011, 11:51 PM
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#32
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5,640 posts Joined: Feb 2005 From: Manussa loka
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QUOTE(btfan @ Oct 9 2011, 10:39 PM) Anyone can still access their Maybank eFixed Deposit account? The link is no longer there when I login to my Maybank2u account Log out and log in again. Some website error |
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