bank rakyat? so good deal 3.8% for how long

MY CIMB short-term FD is due tomorrow (RM 20k only). I plan to put it in BR for 3 months @3.65%p.a. as well to see how good the service from BR. It is close to my office areas. Me too also waiting for the KLSE correction during the 13th election, already marked a few fundamentally good shares. Will park my Child's FD in it for dividend and capital appreciation (around 10 years). Now the money is in PB Wise account....less than RM 30k.

For 6 months only.

But no PIDM gurantee.

then OCBC also got same deal but tie up 3 months (2.85%)

with PIDM

KFH, PIDM, 6 months @ 3.88%, dividend paid upfront.

PIDM is more important if you put long term

Looks like we have promoted for BR quite alot here, alot more putting money with BR now.

different people may have different mind set, just like earlier post, someone is comfortable with BR for years with 4% ++ interest (plus lots of free gifts, voucher, free dinner, etc) without any problem....while the other group may be a bit more conservative, prefers commercial bank under PIDM.

For me, i will try my first banking experience with BR next week on the 3-mth FD @ 3.65% with a small amount.....see how it goes !

Just a reminder:

All banks in KL do not open tomorrow (1 February 2013) because of
Federal Territory Day.

Those in Selangor will be business as usual. i.e. Upliftment and accoutn closure/opening ?
Cheque clearance will be delayed as well since BNM is in KL

BoomChaCha ~ Yes require fresh fund min 5K and must open one CASA acc min 2.5K~ 2.5K is the place where I sien dao~

But then re=think back, only first 3 mths 4.5% then go back to normal rate 2.85%, so doesn't really making alot here also. Now not sure worth to open a new a/c boh coz have to maintain.... duno got extra charges or not if tak depo $$ in.

Thanks for replying. I called to OCBC helpline this afternoon. Fresh fund is required for this 3 months FD promotion.

You can switch your fund to another bank's FD promotion after 3 months in OCBC.

There is no charge for Smart Saver if you do not deposit any money in your Smart Saver account, but you will get
0.5% of interest in your Smart Saver account.

here is OCBC's Smart Saver interest table:

This post has been edited by BoomChaCha: Feb 1 2013, 12:42 AM

I called to KFH in KL yesterday:


Me: Hi, do you open tomorrow (Friday - 1 February)?

KFH: Yes, we open tomorrow

Me: Ok, so I can place my FD tomorrow?

KFH: Oh, please hold on (she needed to confirm this to somebody else)

KFH: Sorry, we cannot place FD for you tomorrow, we open tomorrow for other transactions only...

Me: So, I can only place my FD next Monday?

KFH: Yes, come next Monday.

Me: Is the FD promo rate still negotiable?

KFH: How much money do you want to place in FD?

Me: xx thousand.

KFH: hmm..., no, it is not negotiable (maybe my money is not sufficient enough?), but we pay you advance interest.

Me: You pay advance interest one week later, right?

KFH: Yes, one week later. May I have your contact number?

Me: Why?

KFH: I will get somebody to call you. What is your name?

Me: But I have not decided yet, I might place my FD in another bank. My name is xx. But I will call you if I come, what is your name?

KFH: OK, my name is xxx


---The end----


I think KFH pays incentive to the employee who opens FD for their customer?



This post has been edited by BoomChaCha: Feb 1 2013, 01:14 AM

PB Golden 50 Plus Fixed Deposit (FD) Account
http://www.pbebank.com/en/en_content/perso...osits/fd50.html

guys, this 1 month 3.1% pa FD worth to deposit? interest earn come close with Bank Rakyat and offer extra benefits, most importantly, it's nearer in location compare to Bank Rakayt.

anyone come across this?

this one has been on for many months now, quite popular for >50yrs old who already have account with pbb.

auto-renew monthly so that you can break/withdraw anytime w/o much loss of interest, many branches.

also, i think if >30k deposit, they give 50% discount for will writing services, not sure.

called BR this morning:

me: is your bank open for lunch time today?
BR: Sir, We close during lunch time on Friday. From 12.45-2.30pm. What can i help?
me: i want to place RM 20k, 3-month FD with BR. What's the rate?
BR: Sir, it is 3.65% p.a.
me: Do i need to open any saving account for the FD?
BR: Unless you are putting more than 6 months, then you need a saving account for monthly interest crediting.
me: Is there any free gift given ?
BR: errr....the gift we have now is only suitable for kids. Sir, do you have kids?
me: Yes, i have three kids.
BR: O then we can give you school bags.
me: Will i get the FD cert, on the spot?
BR: If you are using cash or banker's check, you can get the cert on the spot. But is you are using personal check, then you can only collect the cert after the check cleared in two days time.
me: The rate negotiable?
BR: Sir, for 20k and 3-month, we can only give 3.65%.
me: Ok, i will visit your bank before 12.45pm for the FD placement.
BR: Thank you.

thanks for the info, but did ocbc currently standing highest rate for 3 months? according to
http://savemoney.my/best-fd-rates-in-malay...-year/#3monthfd
but it is not that straight forward.

ocbc have some terms and conditions, which is complicated for me....and the branch location is not that convenient as well.

guys which bank offers the most favourable FD rates currently? dont mind yearly basis as i dont intend to touch the funds

with PIDM or without?

With PIDM
MACH by HLB - 4% for 12 months
OCBC - 4.5% for 3 months FD and 2.9% for Saving Account (Require RM1k top up every month) Split of fund 2:1

Without PIDM
Bank Rakyat / MBSB

I though HLB is 4.18% for 12 months