This is not your normal bank bond like CIMB Innovative or PBB NIT issued few years back which are not refernced to any index. Which means you get the coupon rate fixed
6.8% and 7.2%, somewhere around there IINM., UNLESS the bank collapse.

This one is more like structured product and return is referenced to an index in this case KLIBOR.
The index out of range you may get ZERO return, ie no interest/dividend payment during that period.So you can get ZERO return even when the bank is not collapse!

Besides the return rate of 4.8% is poor for such a long period. You can safely get 4.7% guaranteed month after month irrespective of whatever index up or down, with 5 years FD at MBSB.


so to me , this one is a risky product, not good. i had similar experience some years back with this, end up getting very little only over 3 years, worse than FD!!

It is not a safe product! When the index went out of range bank no need to pay interest and it will keep it going without call back.

When index keep within range bank cannot tahan the payment, bank can easily play dirty by call back and return your investment.

This post has been edited by guy3288: Nov 23 2012, 11:39 PM

yes if you have significant amount, you get better rate with 5 years. 4.7% at MBSB.

sometimes promotion also can get good rate like 4.5% - 5%. MUst be quick to grab and dump all in. I still enjoy the 5% HLB Junior FD, monthly interest.

FD 1 year and above at rate below 4% is considered poor rate.

And yes, i agree with magica alot of people are 'so attached' to 'big' banks, like MBB, Std Chart etc- give poor FD rate also they dont mind.NOt for me, i used BR, MBSB so many years already still they didn't collapse yet...

And yes , a rate difference of even 0.5% can be significant if you have quite abit.
Even for RM100k, 0.5% means extra RM500 a year. If 1M it means extra RM416 per month!

Now imagine if you get only3% at the 'big bank' and BR or MBSB paying 4.5%, how much loss already every year?..

BR is good at customer care, every year will send hampers to your house. Regularly got invite for makan at hotel. And when they invite they ask you to bring friends, even if they are not BR customers.

Go to hotel makan, got lucky draw somemore, and is like planned you will get a hamper . Put new FD ,they will give free gift, parker pen, Manicure sets, T shirt, umbrella, Bath towel. I think BR is rich, making lots of money every year, surely can afford to pampers its Customers, cant imagine how the BR can go collapse........, i assured myself.

EPF return is it that u are asking? Last few years sure more than FD rate, somewhere around 6% pa.

MBSB FD rate is fixed 4.7% for Exclusive 5, interest paid 6 monthly. Sure you will get your interest 4.7% , so what no PIDM protected? It is governed by 2 financial laws, look at the share price, it is going to be taken private soon. KWSP Major share holder.

BR also no PIDM, every year earn so much, dont worry la, how can they go collapse?

And talking about PIDM protection, only RM250k protected. If the bank collapse, you still can lose your money if you have few millions there, if bank here collapse, there will be more than money to worry about already, country in chaos liao..

HAve you?, i have not, or are they not sending out this CNY?

FD for BR, effective FD date from the day you give them the cheque. You need SA if you want the interst monthly credit into SA, otherwise no SA also can, just get your interest at the branch when it's due. If you have 2 names for the FD, SA must also have the same 2 names.

yes

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.

up north over here it is also abit late this year, i just got the hamper today, not as good as last year's though. LAst year i rememeber it was worth RM200+ as displayed at EU Yan Sang .

Looking from the packaging outside - Health Care energy Snack- Oat germ Cracker, Biogreen organic raisins, Natural selected wild honey, organic soya bean powder?, organic cookies, Ten multigrains from careline organic..

Other banks giving CNY hampers?? I have savings with HLB, AMbank, MBSB aboutthe same, but never received anything for CNY.

MBSB give free gifts for FD deposit yes. Ambank and HLB nothing at all.

I read from OCBC website the promotion is for 3 month FD at 4.5% but 50% of deposit must be in Saving account. Cant find the interest rate for SA, so many different types there. Guess kids' account would get higher rate. What is the interest rate you get for SA?
3% will be very good as it works out to be nett 3.75% pa for the whole sum.

At Ambank the promo is for 6 months FD rate 3.8% and the split for FD and SA is 80:20, better than the OCBC 50:50. And the money in SA is only earmarked for 3 months, and SA can get 3% interest if use the Amgenius acc. And interest for FD can be paid monthly to SA.