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 Fixed Deposit Rates in Malaysia V5

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tbheng
post Feb 8 2014, 09:32 AM

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QUOTE(nomen @ Feb 8 2014, 12:58 AM)
Yes, I want to uplift the matured FD above 10K to make a placement with another bank on the day of maturity.
It seems that the only viable way is to withdraw from Money Box account via HL Banker's Cheque/Bank Draft.

If online transfer 10k per day means loosing several days of FD interest. laugh.gif
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QUOTE(bbgoat @ Feb 8 2014, 08:38 AM)
For the banker's cheque, we can do it in any HL Bank for this Mach account ? I seen to read it this way from other posts. Please clarify. Thanks !
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Yes, request for Banker's Cheque at HL bank branch (not the Mach branch). Each cheque cost RM5.15.
On one instance, I want to Giro from my Moneybox into my account in other bank, they say cannot Giro, only Banker's Cheque or cash withdrawal. Cheque no limit, cash withdrawal limit is 20k. doh.gif
tbheng
post Feb 8 2014, 08:11 PM

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QUOTE(BoomChaCha @ Feb 6 2014, 04:00 PM)
I think BR missed or passed the timing to set auto pay interest in their system.
In other word, BR did not set their auto pay monthly interest after I placed my FD with them.

I discovered this "no monthly interest issue" after I placed my FD for more than a month.
in fact, I already reminded them 2 times to pay monthly interest, they answered me "ya..ya..saya tahu"..,but they treated my request like no existing.. sad.gif

According to BR, they have to do put in monthly interest manually, and they asked me to
call them every month to remind them to put in the interest...  sweat.gif

Prior to this, BR also did not put monthly interest to my 3 months FD, but I did not complain
about it..

It seems I have to fax a reminder to them every month...
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Hi @BoomChaCha, just to inform that my new cert as told last time that show "AKAUN DEPOSIT-i BERJANGKA (IND - MTH)" did auto credit monthly interest into my saving account. Seeing your case, I should say I am lucky. sweat.gif
So far my experience from last FD 1-year cycle and the new FD all auto monthly crediting. I always IBG on the same day morning. thumbup.gif

For your case, I suggest you send a complaint letter to BR.
I had a case for incorrect referral fee crediting.
I called CS, they said will contact the branch. The branch manager called but said it is HQ's rule.
I told her I will compliant to the HQ. I wrote an official complaint letter to telerakyat@bankrakyat.com.my.
The following day, I see the remainder credit appear in my acct. Really fast. thumbup.gif Though I didn't received any reply.

Try insisting your customer/consumer's rights. Maybe they will fix it from their end without replace as new FD.
Then it will leave you with more time counting money instead of faxing reminder. tongue.gif
Good luck!
tbheng
post Feb 17 2014, 07:09 AM

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QUOTE(BoomChaCha @ Feb 17 2014, 01:22 AM)
Aiyo.. quiet quiet go to make a full deposit?  sweat.gif

Top Cat is right, Top Goat really cannot be under estimated..
For self contribution (deposit money for saving purpose) to your EPF account.
Minimum is RM50 for each deposit and up to maximum RM 60K per year.
You can make one time RM 60K deposit for whole year, just like what Top Goat did.

If you deposit RM 1000, 30% will go to your EPF account #2, 70% will go to account #1.

You can download and print Form 6A(1) from here:
http://www.kwsp.gov.my/portal/en/web/kwsp/...er/all-epf-form

You can go to one of these banks to deposit your money to your EPF account:
(1) Public Bank
(2) May Bank
(3) RHB
(4) BSN

And you need to fill out your EPF number and your name on one EPF form supplied by the bank and submit it together with Form 6A(1) to counter. Bank will give you a receipt.
You can submit cash or check. You cannot submit cent, like RM 70.50

That's all I know. Please consult sifus Top Goat & Top Cat for more info.

And there is one more is:
KWSP 6A(2) - 1Malaysia Retirement Savings Scheme Payment Form
But sorry, I am not familiar with this.

While Bank Rakyat has dropped their 5 Years FD rate from 4.6% to 4.55% since last year late
November; but MBSB 5 years FD rate at 4.7% remains unchanged.
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Question: For wage earner who has their HR auto deducted 11% from payroll, are they still able to submit form 6A(1) form for another 60k/year? Or only the remainder, ie. 60k - 12x11%?
tbheng
post Feb 17 2014, 11:11 AM

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QUOTE(bbgoat @ Feb 17 2014, 08:29 AM)
No, the max 60k per year is separate from the normal contribution. You can do up to the 60k per year separate contribution. Actually the 60k limit per year was implemented in 2013. Before that, there seems to be no official limits.  biggrin.gif
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Oh, thanks for the clarification.
Was getting various different stories last time, some say combined max 60k/yr, some say separately max 60k/yr, some say max 5k/mth (and hence 60k/yr, but not one shot), etc.
Since you have actually done it, that will be the best/accurate answer. thumbup.gif
Congrats on your determination!
I have renewed most of my FD's in Jan. Some balances maybe for other investments.

This post has been edited by tbheng: Feb 17 2014, 11:28 AM
tbheng
post Feb 17 2014, 05:23 PM

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QUOTE(davinz18 @ Feb 17 2014, 05:16 PM)
Public Bank launches super fixed deposit rates campaign

» Click to show Spoiler - click again to hide... «

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I thought I seen this before, maybe not this thread.
Refer HERE for details.
But step-up + CASA-linked, not attractive...

This post has been edited by tbheng: Feb 17 2014, 05:26 PM


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tbheng
post Feb 19 2014, 09:53 AM

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QUOTE(bbgoat @ Feb 19 2014, 09:14 AM)
QUOTE(BoomChaCha @ Feb 18 2014 @  11:29 PM)
So much money ah.. brows.gif
Maybe you already put in another maximum during 2nd of January 2014.. smile.gif
Wow, BCC is now experts on EPF contributions ! notworthy.gif notworthy.gif
What lah, didn't even trust me! vmad.gif Listen, watch my lips. Zero extra money to EPF this year, no money lah! tongue.gif tongue.gif
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Haha... maybe bbgoat already sai-lang (show hand) before 2013 and 2013. laugh.gif
Not a bad deal after all. thumbup.gif
But I didn't do any extra contribution. Maybe wiser as compare to BR (???).

This post has been edited by tbheng: Feb 19 2014, 09:54 AM
tbheng
post Feb 20 2014, 12:31 PM

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QUOTE(tbheng @ Feb 19 2014, 09:53 AM)
QUOTE(bbgoat @ Feb 19 2014, 09:14 AM)
QUOTE(BoomChaCha @ Feb 18 2014 @  11:29 PM)
So much money ah.. brows.gif
Maybe you already put in another maximum during 2nd of January 2014.. smile.gif
Wow, BCC is now experts on EPF contributions ! notworthy.gif notworthy.gif
What lah, didn't even trust me! vmad.gif Listen, watch my lips. Zero extra money to EPF this year, no money lah! tongue.gif tongue.gif
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Haha... maybe bbgoat already sai-lang (show hand) before 2013 and 2013.  laugh.gif
Not a bad deal after all.  thumbup.gif
But I didn't do any extra contribution. Maybe wiser as compare to BR (???).
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Just to clarify in case of mis-understanding.... icon_rolleyes.gif

"sai-lang" is a Cantonese word (not a bad word). Usually used at poker game where the player "show hand" to use up all his chips (push to the centre pot) for that particular game.

So, this extra contribution turn out very well for bbgoat, much much better returns compare to FD (if you do not plan to use the money before retirement lah.) thumbup.gif

This post has been edited by tbheng: Feb 20 2014, 12:34 PM
tbheng
post Feb 20 2014, 12:53 PM

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QUOTE(aeiou228 @ Feb 20 2014, 10:14 AM)
It is true for non bumi.
For bumi, 1m can yield 80 to 90k per year from PNB. Should be able to live a decent live if major commitments like children education, housing loan paid off.
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Hmmm... interesting thought.
Are we able to build a portfolio (says UT) to generate similar returns (8-9% p.a.) like ASB? hmm.gif
I believe many UT funds have the potential to even surpass this, no?

This is one of my continual initiative to build towards this kinda passive income flow for my golden age.
My radar is recently on PMA by Philip Capital.

I believe there are many sifu in lyn that already have similar passive income portfolio. Any sharing? notworthy.gif
But maybe this is not the right thread for this discussion.


tbheng
post Feb 21 2014, 12:38 AM

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QUOTE(HJebat @ Feb 20 2014, 05:42 PM)
» Click to show Spoiler - click again to hide... «

Agree with your statement...money is priority.

It's just that the current BR branch that I frequented has more cons than pros, which makes me wonder whether to stick with them or move on to other institution.

Currently, I'm searching for an institution that offers the highest long term rate. The two that tops the list are MBSB & BR. My personal encounter with BR is not a very happy experience, though some downsides are not branch related. The list includes:

1. Can't do internet banking for joint account – no IBG
2. Raised the nego amount to $100K – matured $50K FD has to use board rate
3. Even with $100K deposit, can only nego for an extra 0.05% – last time was 0.10%
4. No gift for FD renewal – same old, lame excuse throughout the year : gifts are out of stock
5. No hamper/lunch/hi-tea/dinner treat – depositor from other branch with less FD amount than me were treated
6. Cheated on me about referral commission – empty promise

Complimentary items and services given out by BR won’t be a deciding element to place my FD. However, when the feel-good factors are simply diminishing or non-existent, then I’m not happy. When I’m not happy, I have no qualms to find happiness & put my $$$ somewhere else. Like some stupiak malaysial minister sinister famous saying: you tak suka you keluar  tongue.gif

I’ll dig some infos about MBSB & let’s see what crops up before I commit my $$$.
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2. Not true. I got nego rate below 100k on renewal in Jan 2014.
3. I picked 2-yr as it has higher jump from 1-yr as compare to 3-yr. If u want long term, can try nego on 5-yr.
4. Not true. I renewed mine in Jan 2014, I got Golf umbrella, mgmt diary, wall calendar.
6. I got my referral. I lodged an official complaint to BR HQ.

Basing on mine and other forumers' experience, looks like that branch has chased away a customer. You should try other branch if you still have faith with BR lah... tongue.gif
Personally I like their high interest, monthly interest crediting like clock work, can IBG out interest on that morning itself (and get into my other bank on the same day) every month. Once FD is set up, I don't use their service from the branch nor CS; only IBG via iRakyat. cool2.gif

tbheng
post Feb 21 2014, 01:39 AM

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QUOTE(BoomChaCha @ Feb 21 2014, 01:13 AM)
Wah... Another BR lover...

You are not scared of BR meh..? BR does not have PIDM wor....  sweat.gif
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Haha... PIDM is the only downside. And I don't put all my eggs there lah... tongue.gif

But, seriously, I really like their monthly interest. Month by month passing by so fast.
While u r busy at work and life, all kind of bills come every month, so as this interest, kinda like ur smaller pay cheque. Not bad at all. cool2.gif
The same thing like the HL Mach FD monthly interest. Was enjoying harvesting every month last year, but no more this year as their interest rate dropped to 3.7%. sad.gif
tbheng
post Feb 21 2014, 03:44 PM

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QUOTE(bbgoat @ Feb 21 2014, 03:08 PM)
Ya, I like BR based on their monthly interest. Also that can IBG online on the same day as tbheng mentioned.

Same as tbheng, I liked their 2 years rate, so recently have some matured FD changed to 2 years. Wise men think alike!
cheers.gif
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cheers.gif tongue.gif
I was thinking... can get higher interest rate and hassle-free monthly interest for the next 24 months, why not? cool2.gif
tbheng
post Feb 22 2014, 10:49 PM

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QUOTE(Pewufod @ Feb 22 2014, 08:35 PM)
so there is no hlb account involved ?
i have another question
i have a fd maturing on the 24th feb which is this coming monday
i want to ask if i want to stop the fd from renewing and still able to withdraw
do i go to the bank on the day itself or the day after ?
thank you for your help
my knowledge in this is very shallow
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For HL Mach FD, you need Mach Money Box acct (open at Mach branch), not HL acct from HL branch.
FD can be uplifted (withdrawn) on maturity day itself (unless the maturity date is a non-business day).
tbheng
post Feb 23 2014, 03:19 AM

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QUOTE(BoomChaCha @ Feb 23 2014, 12:59 AM)
...then go out makan makan come back and continue ?? --> oh..this is funny... biggrin.gif  Thanks for the joke..
Welcome back, Captain.
Captain taking airplane just like taking taxi.. very steady..  thumbup.gif
Did you get any gift when you opened Mach FD account?
This Mach FD comes with a FD cert?

The selling points of the Mach FD:
(1) monthly interest
(2) 3.7%
(3) 6 months tenure

Drawbacks:
(1) not many branches
(2) need to sign-up a debit card which cost RM 8.00 per year
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I took the Mach FD a year back in 2013 when it was 4%. When matured in 2014, I did not go for the 3.7%, but intsated move to AmBank 4.12% with half yearly interest.
tbheng
post Feb 23 2014, 08:52 AM

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QUOTE(BoomChaCha @ Feb 23 2014, 04:17 AM)
Aiyah...All your FD rates are 4.00% and above.. Steady wor...  thumbup.gif

Yes, KWSP pays dividends until we reach 75 years old.

Anybody knows about KWAP..?
http://www.kwap.gov.my/En/Pages/home.aspx
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Ahhh....just trying my best to get my money work harder with lower risk lah... blush.gif

KWAP is only for government agencies (public sector) employee, right?
Can private sector employee contribute to KWAP?

This post has been edited by tbheng: Feb 23 2014, 08:56 AM
tbheng
post Feb 23 2014, 02:55 PM

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QUOTE(RO Player @ Feb 23 2014, 02:28 PM)
2012 & 2013 is really 'good' year..for stocks, properties, UT, FD....

2014..kinda 'slow' down...maybe a few 'good' ones...to choose from..

Just  'shopping spree' last 2 days...spend almost RM10k.. brows.gif

Bought HP Envy 15 high specs..i7 4702MQ, Nvidia 750M-4GB, FHD, 1T HD+24GBmSATA, Beats Audio, W8.1, 2,5kg
Tips : Dont keep too much MONEY into your FD, make full use & productive. A saying goes, you cant bring ALL your money into your grave....so buy some productive i.e notebook and go for a holiday .. nod.gif
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Nice toy, umm, I mean "tool" for your investment portfolio analysis use. thumbup.gif
What is that 24GBmSATA? RAM? I thought this model max is only 16GB RAM and Graphic card at 2GB?
How much you pay for this beast? 4k?
Anyway, do take some time to enjoy your fruits, not just busy sowing and harvesting. laugh.gif
tbheng
post Feb 23 2014, 04:03 PM

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QUOTE(raptar_eric @ Feb 23 2014, 03:24 PM)
Wow below 3699 is super good buy for the specs.. special price for special ppl huh?
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QUOTE(RO Player @ Feb 23 2014, 03:42 PM)
not really...can lower..than 3699...but for extra service...worth it..

nobody is special...only you how see others, and others see you..
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Found one @ RM3419 in lelong.
Touch screen does come in handy, especially the scrolling and zooming. cool2.gif May consider this type of lcd in my next laptop.
tbheng
post Feb 23 2014, 04:33 PM

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QUOTE(RO Player @ Feb 23 2014, 04:08 PM)
thats is old model...selling at RM3499...

link
mine is HP ENVY TS 15-j137TX
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The one I found was actually 15-J137TX. If 15-j053TX is RM3219 in lelong.
But maybe you have additional upgrade and extra coverages/services added.
Anyway, I normally use lelong as reference only... icon_rolleyes.gif
tbheng
post Mar 4 2014, 01:01 AM

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QUOTE(gchowyh @ Mar 3 2014, 06:04 PM)
Section 14 service is much better & friendlier than Uptown though can be abit slow at times.
But I have so far not gotten any hamper or free makan though.

Section 14 allowed nego at RM50k last year while Uptown said min RM100k & initially even said no nego until I kept insisting other branches had nego rate.

I think I will scout other branches around PJ which may give a better deal.
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Oh, the DU branch! I went around late 2012, the lady boss, I guess the ABM or BM, said no nego unless big sum like 500k. doh.gif I straight left without asking further. shakehead.gif
tbheng
post Mar 4 2014, 01:13 AM

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QUOTE(BoomChaCha @ Mar 3 2014, 11:50 PM)
Do you know why BR suddenly drops the rate this time?
The rest of FD rates remain the same or drop also?

Don't expect anything good inside the hamper from BR.

Go for free makan will explore your identity when participants there will usually ask for your business card... sweat.gif
Congratulations..!!  Top Goat & tbheng, you guys just made a right decision to place your BR FD lately..
It seems both of you know how to predict the future ah..?  Steady ah...  thumbup.gif
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No one know the future lah... sweat.gif
We can only take the best step at any point in time.
I was like should I commit with the rumour of OPR might go up. hmm.gif
End up took the 2-yr tenure, due to better rate and my all-time favourite: hassle-free monthly interest! drool.gif thumbup.gif
tbheng
post Mar 4 2014, 08:22 AM

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QUOTE(BoomChaCha @ Mar 4 2014, 07:54 AM)
I regret I placed the 1 year tenure, because I was hoping the OPR would go up soon  sad.gif 
Now let's us keep an eye on this coming Bank Negara meeting.. sweat.gif
Thanks for showing-up.. notworthy.gif  Bro
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Haha....at least u still have bomb to deploy...
I have ran out of my ammo for other FD's. sad.gif
Too tired to run around for short-term FD's (< 12 mths).
Besides this hassle-free month interest FD, I have since diversified to other places. tongue.gif


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