effective 3.506% p.a. very good meh?

Not so.
Just would like to confirm if it is the same promo by the previous poster above. Different terms.

HL bank is 12 months FD, people with significant cash may not temp park there as premature withdrawal will end up lower interest rate

12 mths seems ok if it can generate 3.9% effective. That's equiv to most normal stock dividends without risks.

I have been following this thread for awhile and im just starting out with putting my money into fixed deposits. Id just like to ask why not many people are putting their money into bank rakyat since it has the highest fixed deposit rates. Is the reason mainly because it is not insured by PIDM?

That's one, and secondly it doesn't have too many branches around. For people like me who do not have large sum to deposit, the difference in interest $$$ just doesn't justify me taking half day leave to go to the bank.

I see thanks for your reply. I was considering just depositing a small amount, about 10k at 4.01% for 12 months. Theres a branch in taipan so its relatively convenient for me. Other than that, overall is bank rakyat a good bank to deal with?

The junior account rate is the same as one month deposit rate. Thus the 20% saving account is not fixed at 2.9% if HL bank decides to drop its deposit rate across the board after promotion or if there is change in bank Negara announcement on overnight rate over the next 4 months.

This One

EPF Deposit limits deposit to max RM5K per month. Those above 55 can deposit and withdraw freely any amount subject to (I think) round figure in thousands.

This post has been edited by kwokwah: Jan 25 2013, 07:12 AM

You are right. Just hope that the rate wouldn't be lower down over the next 4 months

This is not bad. But my mind is already set with the HL 4.18% package

Hope there is new FD promotion from Affin bank.....all banks are offering higher FD rate as for now and Affin Bank, being one of the Bank with overall better FD rate, should have something that's eyes catching....

Anyone here goes for the KFH 3.88% p.a. for 6/9/12 months? If you deposit the upfront interest paid to another FD, the effective rate would be more than 4% i think....

You can deposit more than the 5k mentioned but have to fill up 1 form for every 5k in the same day. Pain in the ........It applies to ALL (irrespective of age) who already have account in EPF. Have asked them on the last point.

Add: Max amt to deposit is 60k starting Jan 2013

This post has been edited by bbgoat: Jan 25 2013, 09:41 AM

Just got a call from BR, inviting me and partner to a Chinese New Year dinner!

Did not know that there are spin-off benefits like the above for FD customers there. Ha.

Check it out if they also have one in your location. Ha.

Cheerio.

yeah, affin fd are the higher at the moment

Good loh, the Bank manager invited me to play golf except I don't play golf.

Which location are you in ?

OK, update you guys. I was in BR on 21/1. Negotiate with the ABM in the morning. He claimed that only if amount is >500k, can get 4.11% (though can negotiate if the amount is lower). I asked for 4.25%, he said not possible with the amount I mentioned. So he said will try 4.2% but need HQ approval. The branch manager also made an appearance to meet me.

Looks like 4.01 to 4.06% can be approved by local branch. Going to 4.11% will need their district manager to approve. Above that need HQ to approve.

The ABM called me in the afternoon and said I was lucky to get the 4.2%. I went in and signed up for the FD. In the subsequent conversation, he said it is the cumulative amt that is being taken into consideration. He said next time if I have "some big" amount, can aim for 4.25%.

But it is not say once you get 4.2%, next time you will get the same % (even for small amt of FD). Everything seems to be open for negotiation in BR.

The above are all referring to 1 year FD rate.

That's all for now.

Waiting for Magika to break into new highs .............................

Cheers !!

This post has been edited by bbgoat: Jan 25 2013, 04:45 PM

Just come back from BR.
I thought have to return to BR to take the cert, but they passed me the cert to me straight away.
Didnt nego anything with BR since ABM not around but still get an umbrella. haha