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Fixed Deposit Rates in Malaysia V5
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MGM
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 Mar 22 2014, 12:13 PM
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QUOTE(aeiou228 @ Mar 22 2014, 01:17 AM) Bingo !! You found the confirmation that I was concerning about. So guys, confirm effective rate is lower than 4% as misleadingly advertised in M2U, if one can only withdraw in 1st October. MBB has similar promo since couple of years ago but higher returns of 4.5%. Over the years they refine(or degrade?) their T&C and lower the rates, cos most depositors would transfer out their funds when the term ended. |
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MGM
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Mar 23 2014, 10:43 PM
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QUOTE(aeiou228 @ Mar 22 2014, 06:54 PM) There is a 1 month fund withholding conditions after the campaign period and this requirement will effectively reduced your effective rate to 3.63%. Also, your base line must be zero balance. Should be 2 months of fund withholding as in T&C item20: 20. Eligible customers must also maintain their account balances in the participating account(s) as of 31 st July 2014 until the date of interest/dividend crediting i.e. 30th September 2014 |
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MGM
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Mar 25 2014, 01:40 PM
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Picked up a brochure from MBB Damansara Jaya indicating the PMA-i promo is giving a max of 3%+2%bonus for min amt of rm50k (same like 2 or 3 years ago) but didn't have time to explore further. Went to MBB Damansara Utama but was told that the current offer for PMA-i is 2.75%+1.1%Bonus instead.
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MGM
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Mar 25 2014, 03:54 PM
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QUOTE(sms2u @ Mar 25 2014, 02:43 PM) PMA-t promo give a max of 3%+2% bonus? Must come together with UT? Don't think so but I suspect they displayed outdated brochure. |
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MGM
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Mar 25 2014, 06:07 PM
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QUOTE(wodenus @ Mar 22 2014, 11:23 AM) Yup.. you can raise/lower the limit for one day same as you can raise/lower your credit card limit for one day  Went to HLBank Damansara Utama but they said this can't be done. IBG thru HLConnect stirctly at rm10k. So have to transfer matured Mach FD into MoneyBox account first, then go to HL branch's counter for big amount transfer using IBG(rm2), Banker's Cheque(rm5.25) or Rentas(rm14). This post has been edited by MGM: Mar 25 2014, 06:10 PM |
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MGM
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Mar 25 2014, 07:10 PM
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OCBC pure FD for 6/12 months at 3.6%.
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MGM
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Mar 28 2014, 10:25 AM
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Got this info from EPF CS:
For those close to 55YO and currently contributing EPF thru employment you can actually put your savings into your EPF account which gives better returns instead of FD.
The max. amount is rm60k/year (exclude your monthly epf contribution) and after 55YO you can treat your epf account almost like a CASA subject to certain withdrawal options and 1 time/month.
This post has been edited by MGM: Mar 28 2014, 10:26 AM
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MGM
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Mar 28 2014, 10:49 AM
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QUOTE(RO Player @ Mar 28 2014, 10:43 AM) Most ppl knows these...but to cash out, not as easy as ATM..  however, UT or others, are much higher than EPF recent 6.35%..  Previously most people think that this is not applicable to those who are employed and contributing EPF monthly. But agreed that more hassle to withdraw compare to ATM. UT don't always give +ve returns. I am just comparing with FD. |
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MGM
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Mar 31 2014, 04:32 PM
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QUOTE(magika @ Mar 31 2014, 09:15 AM) I have a few FD"s maturing in mid April. However i won't be joining you guys in your quest as i will be slowly moving my funds into KWSP. As most of my FD's in BR is at the rates of around 4.20%, the revised down rates do not appear appealing to me. Moving part of my funds into KWSP and parts into bluechips stocks will be my strategy for 2014. Same situation for me, but called the EPF CS a few times but was given diff advice. I am currently employed and contributing EPF. Am I allowed to put in rm60k into my EPF account? If yes under which scheme? |
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MGM
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Mar 31 2014, 08:33 PM
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QUOTE(magika @ Mar 31 2014, 04:44 PM) Not sure yet but will be going to KWSP tomorow to find out. I have other option if it does not work out. If it is not proper to discuss in this thread, pls pm me the outcome of your kwsp visit, thanks in advance. |
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