hoho there's one in curve - can go during lunch hour

byebye OCBC

New Info : MBSB Fabulous FD is still available and the campaign will be extended to 31st March 2013 or by fully subscriptions of RM 500 million available fund, whichever comes earlier.

This post has been edited by ronnie: Jan 8 2013, 10:31 AM

MBSB FD rate how much? Any link?

The highest rates 4.75% already ended at 31 december 2012 with minimum $1,000 placement, another additional 0.5% interest rates will be given.

However, no news in the official website stated the MBSM fabulous fixed deposited extended till march 2013.

Promotion period,
http://www.mbsb.com.my/misc/FA_Fabulous_Flyer.pdf

Link,
http://www.mbsb.com.my/deposits_fixed.html

This post has been edited by adolph: Jan 8 2013, 11:15 AM

aiya,

Off topic a bit..

An alternative to FD is going to list soon under the new ETBS (Exchange Traded Bond & Sukuk). Those under Miti can get Bumi allocation.

300 mil, 10 year DanaInfra Islamic Sukuk, guaranteed by Govt of Malaysia. Expected interest rate is 4.5% trade able in minimum amount of RM 1000.

Issuer : DanaInfra Nasional Berhad
Guarantor : GoM
Offer Size Up to RM300 million in nominal value
Use of Proceeds : To finance the capital expenditure and operating expenses in relation to the development of the MRT Project
Face Value RM100 per unit of DanaInfra Retail Sukuk
Maturity Date Tenth (10th) anniversary of the Issue Date
Profit Payment : Frequency Semi-annual
First coupon / profit date payment : 6 months from the Issue Date
Coupon / Profit Rate
Listing Bursa Malaysia under the ‘Loans and Bonds’ Board
Tax exemption under Section 127(3A) Income Tax Act 1967


This bond is a retail offering, means you can opt to sell at anytime without lockup period on bursa. Capital repayment if held to maturity.

Previously bonds have to be bought in tranches of RM 250K and involve a lot of fees and is illiquid (difficult to sell), which makes it a poor alternative to FD.

This post has been edited by gark: Jan 8 2013, 11:59 AM

If you have flexi housing loan interest more than FD, you can just put it your flexi housing loan. Formula as per excel attached file. with the below formula, you can see loan interest saving is 6.868% and fd interest gain is 6.0%

Loan interest saving rate first 3 yrs 4.5% FD interest saving rate 4.0%
rest 4.3%
50,000.00 (Principal - interest earn = balance x loan interest) 50,000.00 (accumulated x interest)
Principal balance (RM) 200,000.00
Instalment (RM) 976.00 11,712.00

Interest w/out deposit Interest w deposit Interest save Accumulated
1 750.00 562.50 187.50 0.375% 1 2,005.00 52,005.00 4.0%
2 749.15 560.95 188.20 0.376% 2 2,085.40 54,090.40 4.2%
3 748.30 559.39 188.91 0.378% 3 2,169.03 56,259.43 4.3%
4 747.45 557.83 189.62 0.379% 4 2,256.00 58,515.43 4.5%
5 746.59 556.26 190.33 0.381% 5 2,346.47 60,861.90 4.7%
6 745.73 554.69 191.04 0.382% 6 2,440.56 63,302.46 4.9%
7 744.87 553.11 191.76 0.384% 7 2,538.43 65,840.89 5.1%
8 744.00 551.52 192.48 0.385% 8 2,640.22 68,481.11 5.3%
9 743.13 549.93 193.20 0.386% 9 2,746.09 71,227.20 5.5%
10 742.26 548.33 193.92 0.388% 10 2,856.21 74,083.41 5.7%
11 741.38 546.73 194.65 0.389% 11 2,970.74 77,054.16 5.9%
12 740.50 545.12 195.38 0.391% 12 3,089.87 80,144.03 6.2%
13 739.62 543.50 196.11 0.392% 13 3,213.78 83,357.80 6.4%
14 738.73 541.88 196.85 0.394% 14 3,342.65 86,700.45 6.7%
15 737.84 540.25 197.59 0.395% 15 3,476.69 90,177.14 7.0%
16 736.95 538.62 198.33 0.397% 16 3,616.10 93,793.24 7.2%
17 736.05 536.98 199.07 0.398% 17 3,761.11 97,554.35 7.5%
18 735.15 535.33 199.82 0.400% 18 3,911.93 101,466.28 7.8%
19 734.25 533.68 200.57 0.401% 19 4,068.80 105,535.08 8.1%
20 733.34 532.02 201.32 0.403% 20 4,231.96 109,767.03 8.5%
21 732.43 530.36 202.07 0.404% 59,767.03 6.0%
22 731.52 528.69 202.83 0.406%
23 730.60 527.01 203.59 0.407%
24 729.68 525.33 204.36 0.409%
25 728.76 523.64 205.12 0.410%
26 727.83 521.94 205.89 0.412%
27 726.90 520.24 206.66 0.413%
28 725.97 518.53 207.44 0.415%
29 725.03 516.81 208.22 0.416%
30 724.09 515.09 209.00 0.418%
31 723.14 513.36 209.78 0.420%
32 722.19 511.63 210.57 0.421%
33 721.24 509.88 211.36 0.423%
34 720.29 508.14 212.15 0.424%
35 719.33 506.38 212.95 0.426%
36 718.37 504.62 213.74 0.427%
37 685.52 480.50 205.01 0.410%
38 684.47 478.73 205.75 0.411%
39 683.43 476.95 206.48 0.413%
40 682.38 475.16 207.22 0.414%
41 681.33 473.36 207.97 0.416%
42 680.27 471.56 208.71 0.417%
43 679.21 469.76 209.46 0.419%
44 678.15 467.94 210.21 0.420%
45 677.08 466.12 210.96 0.422%
46 676.01 464.29 211.72 0.423%
47 674.94 462.46 212.48 0.425%
48 673.86 460.62 213.24 0.426%
49 672.78 458.77 214.00 0.428%
50 671.69 456.92 214.77 0.430%
51 670.60 455.06 215.54 0.431%
52 669.50 453.19 216.31 0.433%
53 668.41 451.32 217.09 0.434%
54 667.30 449.44 217.86 0.436%
55 666.20 447.55 218.64 0.437%
56 665.09 445.66 219.43 0.439%
57 663.97 443.76 220.21 0.440%
58 662.86 441.85 221.00 0.442%
59 661.73 439.94 221.80 0.444%
60 660.61 438.02 222.59 0.445%
61 659.48 436.09 223.39 0.447%
62 658.34 434.15 224.19 0.448%
63 657.20 432.21 224.99 0.450%
64 656.06 430.26 225.80 0.452%
65 654.92 428.31 226.61 0.453%
66 653.77 426.35 227.42 0.455%
67 652.61 424.38 228.23 0.456%
68 651.45 422.40 229.05 0.458%
69 650.29 420.42 229.87 0.460%
70 649.12 418.43 230.70 0.461%
71 647.95 416.43 231.52 0.463%
72 646.77 414.42 232.35 0.465%
73 645.59 412.41 233.19 0.466%
74 644.41 410.39 234.02 0.468%
75 643.22 408.36 234.86 0.470%
76 642.03 406.33 235.70 0.471%
77 640.83 404.29 236.55 0.473%
78 639.63 402.24 237.39 0.475%
79 638.43 400.18 238.24 0.476%
80 637.22 398.12 239.10 0.478%
81 636.00 396.05 239.95 0.480%
82 634.79 393.97 240.81 0.482%
83 633.56 391.89 241.68 0.483%
84 632.34 389.79 242.54 0.485%
85 631.10 387.69 243.41 0.487%
86 629.87 385.58 244.28 0.489%
87 628.63 383.47 245.16 0.490%
88 627.38 381.34 246.04 0.492%
89 626.13 379.21 246.92 0.494%
90 624.88 377.08 247.80 0.496%
91 623.62 374.93 248.69 0.497%
92 622.36 372.78 249.58 0.499%
93 621.09 370.61 250.48 0.501%
94 619.82 368.44 251.38 0.503%
95 618.54 366.27 252.28 0.505%
96 617.26 364.08 253.18 0.506%
97 615.98 361.89 254.09 0.508%
98 614.69 359.69 255.00 0.510%
99 613.39 357.48 255.91 0.512%
100 612.09 355.26 256.83 0.514%
101 610.79 353.04 257.75 0.515%
102 609.48 350.81 258.67 0.517%
103 608.17 348.57 259.60 0.519%
104 606.85 346.32 260.53 0.521%
105 605.53 344.06 261.46 0.523%
106 604.20 341.80 262.40 0.525%
107 602.87 339.53 263.34 0.527%
108 601.53 337.25 264.28 0.529%
109 600.19 334.96 265.23 0.530%
110 598.84 332.66 266.18 0.532%
111 597.49 330.35 267.14 0.534%
112 596.13 328.04 268.09 0.536%
113 594.77 325.72 269.05 0.538%
114 593.41 323.39 270.02 0.540%
115 592.04 321.05 270.99 0.542%
116 590.66 318.70 271.96 0.544%
117 589.28 316.35 272.93 0.546%
118 587.89 313.98 273.91 0.548%
119 586.50 311.61 274.89 0.550%
120 585.11 309.23 275.88 0.552%
121 583.71 306.84 276.86 0.554%
122 582.30 304.44 277.86 0.556%
123 580.89 302.04 278.85 0.558%
124 579.47 299.62 279.85 0.560%
125 578.05 297.20 280.85 0.562%
126 576.63 294.77 281.86 0.564%
127 575.20 292.33 282.87 0.566%
128 573.76 289.88 283.88 0.568%
129 572.32 287.42 284.90 0.570%
130 570.87 284.95 285.92 0.572%
131 569.42 282.47 286.95 0.574%
132 567.96 279.99 287.97 0.576%
133 566.50 277.49 289.01 0.578%
134 565.03 274.99 290.04 0.580%
135 563.56 272.48 291.08 0.582%
136 562.08 269.96 292.12 0.584%
137 560.60 267.43 293.17 0.586%
138 559.11 264.89 294.22 0.588%
139 557.62 262.34 295.28 0.591%
140 556.12 259.78 296.33 0.593%
141 554.61 257.22 297.40 0.595%
142 553.10 254.64 298.46 0.597%
143 551.59 252.06 299.53 0.599%
144 550.07 249.46 300.60 0.601%
145 548.54 246.86 301.68 0.603%
146 547.01 244.25 302.76 0.606%
147 545.47 241.62 303.85 0.608%
148 543.93 238.99 304.94 0.610%
149 542.38 236.35 306.03 0.612%
150 540.83 233.70 307.13 0.614%
151 539.27 231.04 308.23 0.616%
152 537.70 228.37 309.33 0.619%
153 536.13 225.69 310.44 0.621%
154 534.56 223.00 311.55 0.623%
155 532.97 220.31 312.67 0.625%
156 531.39 217.60 313.79 0.628%
157 529.79 214.88 314.91 0.630%
158 528.19 212.15 316.04 0.632%
159 526.59 209.42 317.17 0.634%
160 524.98 206.67 318.31 0.637%
161 523.36 203.91 319.45 0.639%
162 521.74 201.15 320.60 0.641%
163 520.11 198.37 321.74 0.643%
164 518.48 195.58 322.90 0.646%
165 516.84 192.79 324.05 0.648%
166 515.20 189.98 325.22 0.650%
167 513.54 187.16 326.38 0.653%
168 511.89 184.34 327.55 0.655%
169 510.22 181.50 328.72 0.657%
170 508.56 178.65 329.90 0.660%
171 506.88 175.80 331.08 0.662%
172 505.20 172.93 332.27 0.665%
173 503.51 170.05 333.46 0.667%
174 501.82 167.16 334.66 0.669%
175 500.12 164.26 335.86 0.672%
176 498.41 161.36 337.06 0.674%
177 496.70 158.44 338.27 0.677%
178 494.99 155.51 339.48 0.679%
179 493.26 152.57 340.70 0.681%
180 491.53 149.62 341.92 0.684%
181 489.80 146.66 343.14 0.686%
182 488.05 143.68 344.37 0.689%
183 486.31 140.70 345.60 0.691%
184 484.55 137.71 346.84 0.694%
185 482.79 134.70 348.09 0.696%
186 481.02 131.69 349.33 0.699%
187 479.25 128.66 350.59 0.701%
188 477.47 125.63 351.84 0.704%
189 475.68 122.58 353.10 0.706%
190 473.89 119.52 354.37 0.709%
191 472.09 116.45 355.64 0.711%
192 470.28 113.37 356.91 0.714%
193 468.47 110.28 358.19 0.716%
194 466.65 107.18 359.47 0.719%
195 464.83 104.07 360.76 0.722%
196 463.00 100.94 362.05 0.724%
197 461.16 97.81 363.35 0.727%
198 459.31 94.66 364.65 0.729%
199 457.46 91.50 365.96 0.732%
200 455.60 88.33 367.27 0.735%
201 453.74 85.15 368.59 0.737%
202 451.87 81.96 369.91 0.740%
203 449.99 78.76 371.23 0.742%
204 448.11 75.54 372.56 0.745%
205 446.21 72.31 373.90 0.748%
206 444.32 69.08 375.24 0.750%
207 442.41 65.83 376.58 0.753%
208 440.50 62.56 377.93 0.756%
209 438.58 59.29 379.29 0.759%
210 436.65 56.01 380.65 0.761%
211 434.72 52.71 382.01 0.764%
212 432.78 49.40 383.38 0.767%
213 430.83 46.08 384.75 0.770%
214 428.88 42.75 386.13 0.772%
215 426.92 39.40 387.52 0.775%
216 424.95 36.05 388.90 0.778%
217 422.98 32.68 390.30 0.781%
218 421.00 29.30 391.70 0.783%
219 419.01 25.91 393.10 0.786%
220 417.01 22.50 394.51 0.789%
221 415.01 19.09 395.92 0.792%
222 413.00 15.66 397.34 0.795%
223 410.98 12.22 398.77 0.798%
224 408.96 8.76 400.19 0.800%
225 406.92 5.30 401.63 0.803%
226 404.89 1.82 403.07 0.806%
227 402.84 -1.67 404.51 0.809%
228 400.79 -5.18 405.96 0.812%
229 398.72 -8.69 407.42 0.815%
230 396.66 -12.22 408.88 0.818%
231 394.58 -15.76 410.34 0.821%
232 392.50 -19.32 411.81 0.824%
233 390.41 -22.88 413.29 0.827%
234 388.31 -26.46 414.77 0.830%
235 386.20 -30.05 416.25 0.833%
236 384.09 -33.66 417.75 0.835%
237 381.97 -37.28 419.24 0.838%
238 379.84 -40.91 420.74 0.841%
239 377.70 -44.55 422.25 0.845%
240 375.56 -48.21 423.77 0.848%
68,683.93 6.868%

This post has been edited by 500Kmission: Jan 8 2013, 11:47 AM

better put in the table form

This post has been edited by fahrur_07: Jan 8 2013, 11:57 AM

A call from the MBSB banker told me it's extended.... until 31 March or upon reaching RM500 million deposits

Coupon/Profit Rate: The coupon/profit rate is the coupon amount divided by the face value of ETBS (par value), which shall be confirmed on Issue Date

Bro, I received this email update too from investment banker but I quite don't understand the above statement. Care to shed some light ?

the promotion 4.75 for how long tenure?

Feel free to browse the MBSB website or read few post above ...

oh that's good.

Wheres this place around exactly ? Towards Sekolah Sri Cempaka ?

http://www.mbsb.com.my [NOT PIDM insured]

It means the profit rate will be determined on the issuing date. This depends on the book building which is current on from 08/01 - 18/01. The expected profit rate is from 4.00-4.50%. If demand too high then profit rate tend to be low. If you want to be sure then wait for it to be listed on 02/02. I am waiting for it to be listed as well...

Buy now you risk getting a low profit rate (should be min ~3.8% however...), buy later, you might not get it at the price you want...

More or less very safe bond but just slightly higher than FD, tax free earnings, no holding period, easy to redeem online, no risk if held to maturity cause guaranteed by Govt (like FD).

This post has been edited by gark: Jan 8 2013, 01:51 PM

Thanks for the info. But i guess it wouldnt be risky for me as im just gonna put in a very small amount for a short period. Cant park too much into FD as im just a student lol.

"Question answered about DanaInfra Nasional Berhad ", answer had been found by my-selves.


This post has been edited by adolph: Jan 8 2013, 02:29 PM

Hi. I have a question about the OCBC Smart Saver account. Does the interest calculate based on monthly deposited amount or total balanced amount?

And any latest FD promotion at OCBC?

Ambank online rate has up to 3.40% for 12 months placement.

2:1 split for FD:SS, 4.5% for FD.