Don't think so. IBG should be GIRO, which usually takes a while to get into the other bank.
RENTAS is the one that is immediate.

This one is not CB's normal TD (time deposit). What is this ? CB's 1 year TD/FD is 3.05% only.

This post has been edited by bbgoat: Nov 9 2013, 09:09 AM

10 cent for IBG. Normal IBG if done before 12 noon, will reach the other side on the same day. RENTAS is more secure and reach on the same day.

Nowadays, which bank can nego except BR ?

I have withrawn a few FD prematurely this year a week after nego/deposit without any issues as some investment suddenly cropped up. Its not a package deal but more on the initiated deposit amount. My withdrawal is more than 60% deposited.

Noted and thanks.

If it is pure FD the rates look attractive. Citi bank is starting imposing fee on their priority customers. Their FD rate is low. If it is pure FD and no fresh fund required, may be it is Citi bank move to retain their priority customers.

Any more detail info? Tq

Really? I am not sure, I got that from CB MY website on TD rates. U can check too.

No idea how does it works, seems higher than what I heard.

Well, I am a CB customer. Their FD rate has been low unless coupled with UT or with Citigold promotion.

I cannot find the link, can you show it ?

This post has been edited by bbgoat: Nov 10 2013, 09:16 AM

A bit of FD doubts. For lets say I place an FD on 31 Jan (1 month, auto-renewal). So the maturity date is it on Feb 28? And the next maturity back to 31st Mar, then next maturity in April is 30th April (because no 31st)? Is the maturity dates occurring like this?

The maturity dates will be as follows:
31 jan > 28 Feb > 28 March > 28 April.

This post has been edited by aeiou228: Nov 10 2013, 04:59 PM

I don't think link works that way, u know CB requires OTP on every accesses. That is why I am asking after seeing the rates are higher than normal.
Anyway, u can see it via this path, CB MY > Log In > "Wealth Management" > Time Deposit > View Interest Rates > Simple key in any amount higher than MYR1k. Then u will see that rates, I believe lower than MYR1k is another rate.

Oh, I see. Slightly different. Thx. You can confirm on this right?
In this way means, the date is always carried forward, and for those days that not every month has, the carry forward will slowly adjust it until the more common end day of the month.

This post has been edited by frontierzone: Nov 10 2013, 07:40 PM

Well, I did what you said. Log in etc. Still 1 year 3.05%.

SCB got 5 year guarantee income anyone heard b4?

Just walkin to a bank in Taipei, Taiwan just now and the current 1 month rate is 0.75%.
I would think we are quite luck to have rate above 3%.

It's very low compare with Malaysia

Nowadays most Government are going for a low interest rate regime to promote business activities, ie lower lending rate. It would benefit us to adopt a longer term policies regarding FD deposit. Pensioners will be hard hit the most in the longer term as our own government is promoting high income status but the only way at present to achieve it is to cause high inflation, in turn will cause salaries to rise but spending power remains the same.

Something like Japan, whereas the interest rate is almost zero. Yup, Pensioners will be the one facing hardship

0.75 ???!!! My god

What so surprise about 0-0.25% interest rate?
It is already like that since 3-4 years ago for those developed countries since 2008 financial crisis.

The highest FD rate one can get in developed countries right now is AUD and NZD, both at 2.5%.

Want higher rate?
Go for Indonesion Rupiah and India Rupee, around 7.xx+%

That's why I do not understand why so many people even including so called market analyst predicting the rate to go higher.
At 3%, it is already a "high" comparatively.

And with lot of uncertainty in economy, and local economy seems not picking speed, the least BNM want to do is to kill off economy growth with raising interest rate.
In fact, prior before 2008 crisis, Malaysia rate had been hovering at 3% since the aftermath of 1997 financial crisis.

I personally do not think BNM will move the rate if there is no drastic change in economy situation.