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 Fixed Deposit Rates in Malaysia V3, Read 1st post to find highest rate.

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ngaisteve1
post Jan 8 2013, 01:34 PM

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QUOTE(ronnie @ Jan 8 2013, 01:53 PM)
A call from the MBSB banker told me it's extended.... until 31 March or upon reaching RM500 million deposits
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oh that's good. drool.gif
shankar_dass93
post Jan 8 2013, 01:39 PM

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QUOTE(ronnie @ Jan 8 2013, 12:53 PM)
A call from the MBSB banker told me it's extended.... until 31 March or upon reaching RM500 million deposits
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Wheres this place around exactly ? Towards Sekolah Sri Cempaka ?
ronnie
post Jan 8 2013, 01:41 PM

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QUOTE(shankar_dass93 @ Jan 8 2013, 01:39 PM)
Wheres this place around exactly ? Towards Sekolah Sri Cempaka ?
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http://www.mbsb.com.my [NOT PIDM insured]
gark
post Jan 8 2013, 01:41 PM

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QUOTE(aeiou228 @ Jan 8 2013, 12:59 PM)
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 ?
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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... sweat.gif

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). laugh.gif

This post has been edited by gark: Jan 8 2013, 01:51 PM
shankar_dass93
post Jan 8 2013, 01:51 PM

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QUOTE(ronnie @ Jan 8 2013, 01:41 PM)
http://www.mbsb.com.my [NOT PIDM insured]
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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.
adolph
post Jan 8 2013, 02:14 PM

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"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
alvinlim84
post Jan 8 2013, 04:07 PM

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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.
bearbear
post Jan 8 2013, 04:34 PM

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QUOTE(alvinlim84 @ Jan 8 2013, 04:07 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.
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2:1 split for FD:SS, 4.5% for FD.
chicaman
post Jan 8 2013, 05:33 PM

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Guys, got 1 question,

lets say i got a sum of money in Bank A, i would like to transfer to Bank B, but I am currently overseas, any charges to transfer to Bank B FD? Its quite a large sum actually
felixmask
post Jan 8 2013, 06:57 PM

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QUOTE(gark @ Jan 8 2013, 11:44 AM)
Off topic a bit..  tongue.gif

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.  laugh.gif 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.
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hi gark,

Where u find the profit rate is 4.5% ? i cant find in prospetus nod.gif
SUSnatzakaria
post Jan 8 2013, 07:12 PM

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Hi All

Whats best for 3 months?
gark
post Jan 8 2013, 07:27 PM

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QUOTE(felixmask @ Jan 8 2013, 06:57 PM)
hi gark,

  Where u find the profit rate is 4.5% ? i cant find in prospetus  nod.gif
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That is the expected rate after the book building. Could be higher or lower...
ngaisteve1
post Jan 8 2013, 08:24 PM

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QUOTE(alvinlim84 @ Jan 8 2013, 05:07 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.
*
Yesterday check for OCBC FD got 3.5% PA for IQ member.
bearbear
post Jan 8 2013, 09:35 PM

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Just open the Money Box account at MACH HLB

Very straight forward - got the debit card on the spot and deposit RM50. I changed the pin on the spot and noticed I am allowed to withdraw RM40. Minimum balance RM10?

You will have to choose one of the following when you open the account
1. Higher interest rate (crappy rate compared to OCBC SS - maximum is only 1.8% depending on your account balance)
2. Free 5 IBG transfer every month

As for FD it is straight forward as advertised - not linked to your saving account balance.

If you register the account at E@curve branch by 31st January - Free Moo-cow / Chatime / Cineplex voucher

This post has been edited by bearbear: Jan 8 2013, 09:42 PM
duncan880409
post Jan 8 2013, 10:16 PM

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QUOTE(ngaisteve1 @ Jan 8 2013, 10:50 AM)
MBSB FD rate how much? Any link?
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holy s*it, almost 1% more than KFH mad.gif
buy do MBSB have PIDM ? I don't think so right ?

nujikabane
post Jan 8 2013, 11:13 PM

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QUOTE(duncan880409 @ Jan 8 2013, 10:16 PM)
holy s*it, almost 1% more than KFH  mad.gif
buy do MBSB have PIDM ? I don't think so right ?
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Nope, not PIDM insured
gsc
post Jan 9 2013, 02:16 AM

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QUOTE(chicaman @ Jan 8 2013, 05:33 PM)
Guys, got 1 question,

lets say i got a sum of money in Bank A, i would like to transfer to Bank B, but I am currently overseas, any charges to transfer to Bank B FD? Its quite a large sum actually
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You should have pre-arrange and sign alll the related documents before going overseas.
Now you can only do that through internet banking by transferring money from A to B then open FD in B using on-line.
ngaisteve1
post Jan 9 2013, 09:28 AM

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QUOTE(nujikabane @ Jan 9 2013, 12:13 AM)
Nope, not PIDM insured
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like that safe or not?

where to place the FD for MBSB? in KL office near masjid jamid there?

This post has been edited by ngaisteve1: Jan 9 2013, 09:29 AM
nujikabane
post Jan 9 2013, 09:31 AM

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Please enlighten me; other than the minimum investment sum required, what are the other charges incurred? e.g fees associated to obtaining the FD?
adolph
post Jan 9 2013, 09:43 AM

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QUOTE(ngaisteve1 @ Jan 9 2013, 09:28 AM)
like that safe or not?

where to place the FD for MBSB? in KL office near masjid jamid there?
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Ngaisteve1,
You may refer to the link as given smile.gif
MBSM is a listed company, majority shareholders is our government, the largest holds by Employees Provident Fund (EPF) and Pemodalan Nasional Berhad (PNB). The company was founded in 1950, and 63 year old of establishment.


Info,
http://www.mbsb.com.my/branches_central.html

This post has been edited by adolph: Jan 9 2013, 09:51 AM
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