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

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soul2soul
post Aug 11 2012, 12:14 PM

To the end of suffering!
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QUOTE(TSOM @ Aug 11 2012, 10:06 AM)
play musical chair?? But not much interest unless you've RM 1million! sad.gif
*
Ok la...

if got 100K, can get about extra RM50 a month... can watch a movie and popcorn with gf...
soul2soul
post Nov 5 2012, 04:20 PM

To the end of suffering!
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Senior Member
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Just saw advertisement in newspaper by MBSB - 4.75%* pa for 5 years.

Anyone any comment?

http://www.mbsb.com.my/promotions.html

This post has been edited by soul2soul: Nov 5 2012, 04:21 PM
soul2soul
post Nov 6 2012, 01:27 PM

To the end of suffering!
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QUOTE(Gen-X @ Nov 5 2012, 04:52 PM)
Bro, click here to FD V2 Thread and do a search on MBSB and you can read our previous comments on MBSB.

To All, posted below at CC section, maybe some of you here can also benefit from my story  sweat.gif
I read about it but I want to know if anyone has put their money in MBSB before? How does it work?

Do they accept banker's cheque?
How do we withdraw FD from MBSB? Do they issue a cheque? Is the cheque accepted by other banks ? Any charges for their Cheque? How many days to clear?
soul2soul
post Dec 3 2012, 12:10 PM

To the end of suffering!
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For those who have deposited at Bank Rakyat , could you shed some lights on the below queries ?

1. For 1 year deposit, is there an option to auto-renew the FD at the prevailing rate?

2. Upon maturity, could Bank Rakyat issue a Cashier Cheque and how long does it take to process that ? is it on the spot on the same day , or need to wait a few days to get the cashier cheque?

3. Do they accept Cashier's cheque issued by other local banks, and how long does it take for them to issue the FD certificate?
soul2soul
post Dec 3 2012, 12:58 PM

To the end of suffering!
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QUOTE(magika @ Dec 3 2012, 12:41 PM)
BR operation is the same as other financial instituition.

1. Instruction on Maturity for renewal is available on prevailing rates.
2. Issuing of Bank Draf is immediate though if the manager is not around then it will be in multiple cheques. Oh yes it is free for upliftment.
3. So far all my different bank cheque is accepted, though in different branches there is different processing time for the certs.Some reported same day, but for me it take 2-3 days, and it only start preparing on the day you collect.

Another thing is for deposit above a certain sum and if not mistaken above 3 mths, you can opt for monthly interest payment into your BR Savings Account.


Added on December 3, 2012, 12:46 pm

That depends on different banks, for BR you will be paid floor rates which is much lesser than prevailing rates. E.g after 12 mth rate which is 4.01% will be paid around 2.9x% only. The floor rates are not published and subjected to review. Pls reconfirmed with your bank. The floor rates are subjected to your deposit period, ie different periods different rates.
*
Thanks for the fast reply mate.

Will go FD shopping this Friday at BR!
soul2soul
post Dec 3 2012, 04:22 PM

To the end of suffering!
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QUOTE(munkeyflo @ Dec 3 2012, 02:16 PM)
Guys, I know FDs are usually by the months or shortest also 1 month. So I wanna ask..
Are there any FDs or any other method to earn interest that count by the days or weeks?

I was told Islamic FDs can withdraw before it matures and still get interest up to the day of withdrawal but check with bank and it seems it's not true.
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Trading trust account. Most investment banks give daily interest on your trust account.

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