just to add, Bank Rakyat above 50k fd can nego usually extra 0.05%

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Added on April 14, 2012, 8:05 amambank staff also extra % for fd


This post has been edited by magika: Apr 14 2012, 08:05 AM

gents, need some help. my Ocbc fd date 13 Jan 12 mature on 13 April 12. how many days should it be for calculation purposes.

does that mean 13 Jan is not consided or is it 13 April, just asking whether its the norm. i counted 92

thanks, this will help on future calc

thanks for clarifying. im a bit smarter now

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Added on April 16, 2012, 9:00 amanyone can share excel file for fd calculation as i hv quite a number of fds. thanks

This post has been edited by magika: Apr 16 2012, 09:00 AM

yup, got it. =A2-A1. Pls comment

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Added on April 16, 2012, 10:12 amguys, nostalgia... i was going thru old copy of fd 7 found one from Maybank Finance years back ... rate was 9.00% for 9 mths fd .. fuiyoh

This post has been edited by magika: Apr 16 2012, 10:12 AM

Guys, I did the calc for my OCBC fds which tally with the actual amount on withdrawal. However calc for my MBB fds all came out with discrepancy less than RM1. The amount is negligible but just to confirm my calc.

Can please check whether my calc is correct,

(nos. of days / 365) x % x Principal

thanks

Bank Rakyat hv 3 diff FD. 1 is fluctuating int, 2nd is fixed int, 3rd is senior citizen.

Bank Rakyat rates are all the same. The 3 diff fds are
1. Qiradh - fluctuating interest
2. Mubeen - Fixed interest.
3. Warga Emas - Fixed int only diff lower deposit

1 month - 3.26
3mth - 3.65
6 mth - 3.75
9 mth 3.85
12 mth - 4.01
15 mth - 4.05
and so on....

just remember above 50 k single cert can ask extra 0.05

type 2 & 3

yes

the brochure that i hv says return UPTO 4.6%

if u already know, why ask?


not that waylah,the board rate will fluctuate-, however dont ask me as havent try it

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Added on April 17, 2012, 10:34 pmfor normal fd min is around 5k, warga emas if im not wrong is 2k

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Added on April 17, 2012, 10:39 pmjust request from counter & they will referto hq

im not sure whether its because the amt i deposit is quitelarge, anyway try ur luck

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Added on April 17, 2012, 10:45 pmfor Malaysian bank to collapse is like striking lottery,

if not mistaken is registered under mof as coop bank.

those days(joe bugner/mohamad ali days) it nearly collapse ,luckily gomen gave capital injection


This post has been edited by magika: Apr 17 2012, 10:45 PM

I hv fds wit OCBC Gia and the rate is fixed. However if u compare Bank Rakyat Qiradh & Mubeen, both hv same int rates tables. I asked the counter clerk who explains that Qiradh is fluctuating( based on what ref i dnt know). Just for safety i took back the int rates table which has the scribbles

flexi ? Qiradh ?

for Mubeen, the interest in RM is printed on the fd slip

Qiradh, on the spot can get additional w/o refer Hq

ask MGM , who just deposit under Qiradh as mentioned is flexi n not fix while i deposit under Mubeen which is fixed

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Added on April 18, 2012, 4:39 pmbtw we are discussing Bank Rakyat not Maybank conventional fds

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Added on April 18, 2012, 9:49 pmjust to highlight a few terms that we should be aware of when dealing with fixed deposits or dealingwith banks.

UP TO - does not mean you will get the rate shown.e.g UP TO 6% means can be 0.01% to max 6%

INCREMENTAL - certain banks used it to mean increase from base amt for 1 month only. I was nearly trapped, luckily spend sometime figuring it out.

RETURNS - does not actually means interest. could be capital returns

my sister inlaw went to a certain bank to deposit a large amt meant for fd. instead using high level of confusing terms the bank RM signed her up for a scheme that up to today she doesnt know what its called, n neither could i find out without offending her. that scheme is for a great number of years.
so where money is involved i can safely says - DONT ASS..u... me

but rest assured in a world of hypocrites, i am 90% sure flexi or not rates wont be lower than those fixed(same bank of course)

This post has been edited by magika: Apr 18 2012, 10:24 PM

of course i did check the rate, even better i deposit for 12 mths. not interested in longer terms anyway.

i would say 3 mths 4% is better, as progression tables on fd shown shorter terms lower %

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Added on April 27, 2012, 8:04 amMGM, btw did Bank Rakyat gave u any gifts the other time ?

This post has been edited by magika: Apr 27 2012, 08:04 AM