Fixed Deposit Rates in Malaysia V3, Read 1st post to find highest rate.
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 Oct 8 2012, 01:57 PM
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#1
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Senior Member
560 posts Joined: Jul 2007 From: Pew Pew  
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hi guys,
just came back from moving funds from ocbc to uob. i can confirm that the banker's cheque from ocbc is FREE if it comes from your FD. While UOB charges only RM0.15 to request for banker's cheque from your maturing FD. |
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Oct 9 2012, 10:12 AM
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#2
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Senior Member
560 posts Joined: Jul 2007 From: Pew Pew
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QUOTE(gsc @ Oct 8 2012, 08:02 PM) Ocbc charges only 50 sen for first two IBG transactions. After that will be rm2. Instead of using banker cheque I am trying out IBG. Last time I tried out, the money is availble the next day. Since banker cheque takes two days to clear, IBG may be a cheaper approach compare against rentas way. For my case, the banker's cheque by ocbc clears the same day because i use the same cheque for a new placement with UOB and it starts the same day as the issued cheque. Meaning, morning i withdraw funds from ocbc and put in banker's cheque and then i go over to uob and put a new placement using the same cheque. The new placement value date is the same day. So no worries on losing out 2 days to wait for cheque to clear before can be use as a new placement. |
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Jan 7 2013, 10:55 AM
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#3
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Senior Member
560 posts Joined: Jul 2007 From: Pew Pew
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just called Affin bank...the service rep told me that only RM 1 mil in the CASA gets 3.71% for the duration of the promo..
12 months FD is at 3.6%...no special promo going on now. looks like can cross off Affin for now. |
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Jan 13 2013, 12:38 AM
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#4
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Senior Member
560 posts Joined: Jul 2007 From: Pew Pew
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QUOTE(tbheng @ Jan 11 2013, 10:54 PM) Finally try out Bank Rakyat after following this thread for over a year... oh dear...think i lost out on the nego part and free gifts...because when i tried to nego with them for better rates for 12months 4.01%, the counter girl told me only sum more than 500k can nego...and the free gift were only a passport holder and a sling pouch... Manage to negotiate for 4.11% for a 12-mth tenure FD.  And it will auto renew with 4.11% when matured next year.  No hassle for next musical chair...  Interest is crediting to saving acct every month. Can IBG (cost 50sen) via internet banking to other bank to gain higher interest.  Got 0.1% referral fee too by introducing my wife to place FD on the same visit. Received 5 free goodies: 2x umbrella, 2x calendar and an elegant leather organiser. Overall it offers a great banking experience.   4.11% for ur part was really good. maybe i should go and premature after 1month and put as a new deposit again....arghhh |
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Jan 13 2013, 12:27 PM
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#5
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Senior Member
560 posts Joined: Jul 2007 From: Pew Pew
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QUOTE(magika @ Jan 13 2013, 01:19 AM) Dont be kiasu, 0.1% for 100k deposit is worth only RM100 whereas premature after 1 month equiv to RM3xx.xx loss..he..he... well good thing about bank rakyat is that if u pre mature ur FD say 3rd month into the placement, u will get back 3 month's rate. Maybe thats the benefit for islamic principle based FD? haha  |
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Jan 13 2013, 05:43 PM
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#6
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Senior Member
560 posts Joined: Jul 2007 From: Pew Pew
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QUOTE(magika @ Jan 13 2013, 12:31 PM) You wont get back 3 months rate, get floor rate around 2.10% (subjected to change) which is very much lower than board rate. If get rate at month of premature withdrawal then I think most of us will go for >60 mths deposit. well thats wat the staff told me and it was written on the t n c paper when i signed it. ok i'll make a call to BR tomorrow to confirm |
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