Why need go many times unless you have many FD dues? With HSBC offering 4.05%, I probably switch over when FD in Ocbc mattures

Nope , you can split FD cert into multiples but each cert must maintain above RM50k. For additional deposit this rule also apply.

This post has been edited by magika: Nov 20 2012, 11:59 AM

Heads up Guys, courtesy of Jes88.

MBSB FD rates until 31 Dec 2012

6 mths - 3.80%
9 mths - 3.90%
12 mths - 4.05%

If open Cashrich Account min RM1k FD rate added 0.05%

Now I wonder, MBSB is registered under Cooperative or Bank..

Excert from its website
Quote "MBSB is 'an Exempt Finance Company'

MBSB is defined as a Scheduled Institution under the Banking and Financial Institution Act 1989 (BAFIA). The status of an Exempt Finance Company was granted to MBSB on 1 March 1972 by the Ministry of Finance and the status has remained since. This allows MBSB to undertake a financing business in the absence of a banking license." unquote

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Added on November 20, 2012, 11:57 amAs far as I know, dep more than 50k can ask for additional rate. For 4.11% it does not need to be more than 200k.

Just an easier way to ask for additional rate. Firstly get the rate brochure from BR, at the bottom will be the contact no of the officer concerned. Nego by using the phone will be easier and more rewarding than in person. Thats how plumberly got the 4.11%.

This post has been edited by magika: Nov 20 2012, 12:03 PM

Saw the news earlier and I did mentioned in this forum, MBSB planned to become a bank next year as they are tyrying to fulfill the banking criteria.

The new rate is very attractive for 6 and 9 months. Guess this is the highest at this moment for 6 and 9 months whereas ocbc saving combo is giving around 3.8% for 3 months.

Correct me if I am wrong

3 months -ocbc
6 and 9 months mbsb
12 months - mbsb or BR

I do think the format above is very useful indeed. Hope forumers can use such a format, however we neglected PMA-I 4.75%.

1 month - 4.75% PMA-i MBB
3 months - 3.8% OCBC
6 months - 3.8% MBSB
9 months - 3.9% MBSB
12 months - 4.05% MBSB or BR 4.01%

Note: Meant for those not picky on type of financial instituition.


This post has been edited by magika: Nov 20 2012, 02:01 PM

just came back from BR (Penang), the officer said that no additional 0.05% although deposit more than RM 50k. The free gift that they give is only a bag. Anyhow, i will put in the money in BR next week when my FD with Maybank is matured.

Why not you called to nego ? Quite a few of us has the 4.11%. Mine on 19 November 2012. Got Parker Pen, Manicure Set, Shoe Bag. Maybe the total sum deposited does influence the additional rate.

Actually i was waiting my wife for lunch and the BR just next to it. So i walked in to BR and the officer wasn't around. I called up to enquire the rate and telling her i have RM 50k for FD. She told me 12 months 4.05% and no additional %. Free gift only bag (shoe bag i think). I wanted to ask if i deposit RM 100k, would i get the additional %, but i didn;t ask because i don't have RM 100k for now :-)

Had another FD at BR yesterday but smaller amount (<RM50k). Asked for the 4.11% and after he checked inside (I think he called the state BR HQ for approval), answer was no. Said I need a larger amount to get the 4.11%

Yes, the extra 0.05 + 0.05% depend on the amount. Actual amount, sorry, I do not know.

Got 3 shoe bags and 1 backpack as gifts. Asked for the pen, they don't have any spare. Pity.

Cheerio.

Yup, you need min 50k to get the additional rates..

anyone know which branch in penang offer the additional rate for >50k?

The Jelutong branch (near the coastal highway).
Let me know if you can get the 4.11% !

Asking myself this question a few hours ago.

Suppose A has a 12 months RM100K FD at BR at 4% with monthly dividends paid to his saving account.

After getting the 6th month dividends, A needs to terminate the FD. Will A get the full RM100K after 6 months or RM 100K - sum of the 6 months paid dividends ?

Anyone who has been through this with BR?

Cheerio.

For the 0.05%, the amt need to be 50k or above. For the 0.05+0.05, not sure. Some members are saying need to negotiate ?

I am thinking the same question also. I assume that BR will recalculate your int for 6 months instead of one year. Suppose 6 months' interest is 3.75%.
So, you will not get full 100k.

If BR give back your 100k net, then everybody shall goes for 5 year tenure whereby you get not 4% but 4.6% lor. Right.

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Added on November 20, 2012, 8:10 pmExactly, negotiate with the correct person. I think 100k can get 0.1% more.

This post has been edited by ilovefdmalaysia: Nov 20 2012, 08:10 PM

http://www.mbsb.com.my/misc/FA_Fabulous_Flyer.pdf

Refer to the link above for MBSB Fabulous FD promotion. Attractive rates for 6-months and 9-months tenure!

*Free Banker's Cheque for FD upliftment

*MBSB is not a member of PIDM

Yes, even for the referral of 0.1%, BR will only pay upon the FD maturity. My referral did not get the 0.1% and BR said they will only pay them upon maturity of the FD.

This post has been edited by bbgoat: Nov 20 2012, 09:28 PM

I used to have a copy of rates (internal BR circulation only) which denotes the rates for early upliftment. For eg after 12 mths the floor rate would be 2.94% vs 4.01%. So dont try going for 60 mths rate then opt for early upliftment, finance instituition already covered up that loophole.

Nope, previously i was paid around a week or two after fd opening..

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Added on November 20, 2012, 10:05 pmJust to clear the air,

1. When opening FD At BR, upon requesting extra, they will check their computer on your previous history with them. If you are new and your deposit is just a bit more than 50k , it does not neccesary mean that they will offer you the better rate. Its bargaining power, the more the better.

2. If you have previous history with BR, then they will offer you the previous rate. If you insist on better than previous rate, again, it boils down to bargaining power, the more the better.

3. If you top-up less than 50k( no such thing as top-up), then you will get only the base rate, eg 12 mths 4.01% no extra even if you already have a million in previous deposit.

Having said that, i will be topping up again on December 2012, as my deposit this time is not that substantial, therefore will only be asking for 4.11%. However coming January 2013, once my OCBC Gia-i matures, then i will try to better 4.11%. Actually most of us do not know what is the max that we can get.

This post has been edited by magika: Nov 20 2012, 10:18 PM

Its calculated on what is known as floor rate which is very much less than normal 6 mths rate.


This post has been edited by magika: Nov 20 2012, 10:29 PM