The monthly interest payment is applicable for the 12 months tenure?

If you do try them out, please update us on the product.

Once again, 12 months? If yes, I should drop by and check it out myself.

Firstly, most humans are Kiasi but not everyone is Kiasu.

haha, we are depositing into FD because we are not risk takers.

As for MBSB:

In my opinion, 5 years is a long time, (unless FD rate was like the last time when it was 14% or so), you'll never know what will happen. MBSB deposits are not insured by PIDM right.

MBSB is a listed company, looks like last 2 years were good years for them. You can get their announcements here, take a look at 4th quarter 2009. And there was a right issue too in 2011. And if you go read the annual reports (from MBSB website), they were loosing money up to 2003.

If you read the 2009 Annual Report (link to their past annual report are available at their website), there is a chart showing that their profit have been on the increase since 2005. And in 2009, they had a new CEO who has been concentrating on personal finance.

Anyway, go google MBSB NPL and MBSB rights issue for some weekend reading.

And guess who is the major shareholder of MBSB? It is EPF. So I guess your money should be save with MBSB as I don't think the government will allow MBSB to collapse.

Just came back from OCBC DU in the morning. Not much people around and quite efficient I gotta say. Took the 9 months 3.8% package. They are open every first Sat and Sun of the month.

So, Bank Rakyat is similar to 1 Malaysia Mini Market in terms of BN's productions..?

Thanks for the link.
By the way, the music from Pakatan Rakyat on the video is very nice..

OCBC open on weekdays this month only?

Did you meant weekends?

They open on first Saturday and Sunday of the month throughout the whole year.

You can request how soon do you want to receive your interest payment,
like every 1 month, every 2 months and etc..
This was what they told me on the phone yesterday.

Neither do I.

What I meant by take risk was:
I am considering to commit for 5 years tenure, this is my thought:
(1) if the average interest rate maintains not more than 4.7% in next 5 years, then I win and earn extra interest;
(2) contrary, if the average interest rate is more than 4.7% in next 5 years, then I lose and earn less interest.

What do you think? Captain

NO, MBSB FD deposits are not insured by PIDM
EPF is holding 26% shares of MBSB

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Added on January 7, 2012, 4:07 pmWhy didn't you take the 4% rate for 12 months?





This post has been edited by BoomChaCha: Jan 7 2012, 04:07 PM

Thanks for the info....

It's the same. It is tax-free.

Cash rich only.

May I seek for your opinion..? MilieandMore...

What's best place and rate for 6 months?

Yes, HLB has 3.5% FD promo for 6 months..

I heard 3.85% FD promo for 12 months from HLB is no longer available since
after yesterday (Friday, 6 Jan 2012), they said they have achieved their target..
---> but I do not know if this is true or not..? Maybe they wanted to make
me tense so that I would place FD placement with them yesterday..?

Please refer to 1st page for FD updates from more banks:
http://forum.lowyat.net/topic/2070535



This post has been edited by BoomChaCha: Jan 7 2012, 06:07 PM

hahaha, is like a game isn't it? You won't know the results until the time comes.

But I will put it this way:

(1) if MBSB don't collapse, you'll earn 4.7% for the next 5 years
(2) if MBSB collapse, you may not even get your principal back

last Annual Report as of Feb 2011, EPF holds 66.31% click here. Where you get info 26%?


I was told only for their GIA 3.95% Promo where one only needs to deposit RM5K into Current Account offered to PB customers that hit target (and not non Islamic 12 months Promo where one needs to deposit RM20 minimum into CASA).

anyway, check it out
http://www.hlisb.com.my/promo/gia_191211/index.htm

and OCBC GIA promo still better at 4%

This post has been edited by Gen-X: Jan 7 2012, 07:09 PM

like that say, if i put in for 3 months and they give me 3.1 and then i can do it every 3 months then i untung quite a lot??

The HLB GIA 3.85% promotion for mass customers and 3.95% for PB is still on-going.

My view is more or less the same as Gen-X's. I personally probably won't commit to such a long FD tenure though

The reason being, for the past 2 years, 4Q FD promo has been very attractive. Took abit of gamble, the 0.2% extra can't really make any difference judging by my very puny deposit.

i think most bank come out attractive FD interest at the end of the year because they want to close their end sales target right? always like that?

[quote=Gen-X,Jan 7 2012, 06:36 PM]hahaha, is like a game isn't it? You won't know the results until the time comes.

But I will put it this way:

(1) if MBSB don't collapse, you'll earn 4.7% for the next 5 years
(2) if MBSB collapse, you may not even get your principal back 

last Annual Report as of Feb 2011, EPF holds 66.31% click here. Where you get info 26%?
[/quote]

I guess the possibility for MBSB to collapse is very slim...

Oh...Sorry, I got it wrong... it is 66.31%, not 26% ....

Thank you for the link


[quote=Gen-X,Jan 7 2012, 06:36 PM]I was told only for their GIA 3.95% Promo where one only needs to deposit RM5K into Current Account offered to PB customers that hit target (and not non Islamic 12 months Promo where one needs to deposit RM20 minimum into CASA).

anyway, check it out
http://www.hlisb.com.my/promo/gia_191211/index.htm

and OCBC GIA promo still better at 4%

[/quote]

Yes, OCBC 4% FD is better than HLB...

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Added on January 9, 2012, 3:17 am[quote=Subconcious,Jan 7 2012, 11:19 PM]like that say, if i put in for 3 months and they give me 3.1 and then i can do it every 3 months then i untung quite a lot??

[/quote]


Yes, you are talking about compound interest.

Higher interest rate is usually better than compound interest in terms of return.

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Added on January 9, 2012, 3:22 am[quote=ken_zie,Jan 8 2012, 12:13 AM]The HLB GIA 3.85% promotion for mass customers and 3.95% for PB is still on-going.

[/quote]

So the HLB staff was not telling me the truth...

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Added on January 9, 2012, 3:27 am[quote=MilesAndMore,Jan 8 2012, 12:16 AM]
May I seek for your opinion..? MilieandMore...
[/quote]
My view is more or less the same as Gen-X's. I personally probably won't commit to such a long FD tenure though

[/quote]

All right... Thanks

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Added on January 9, 2012, 3:37 am[quote=tifosi,Jan 8 2012, 02:49 AM]
The reason being, for the past 2 years, 4Q FD promo has been very attractive. Took abit of gamble, the 0.2% extra can't really make any difference judging by my very puny deposit.

[/quote]

Ai..yo... Like that ah..?

Your strategy probably works..
No matter you gain or you lose, at least you know your planning.., well done...

This post has been edited by BoomChaCha: Jan 9 2012, 03:39 AM

There's no Bank Persatuan in Sabah!!
Only MBSB ..

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Added on January 9, 2012, 7:09 amWhat is good with MBSB? Is it their shares like bank rakyat/bank persatuan or their FD products?

This post has been edited by TSOM: Jan 9 2012, 07:09 AM