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 Fixed Deposit Rates in Malaysia V5

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SUSyklooi
post Oct 28 2013, 04:46 PM

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QUOTE(JuneResources @ Oct 28 2013, 04:21 PM)
Hi, just want to ask anyone about FD upliftment about BSN (Bank Simpanan National)
................
This is because I feel their BSN customer service seems like don't have any communication each other and even branches.  shakehead.gif BSN Customer service (By Call) say can, BSN Malacca branches say can, just afraid BSN Sarawak branches there cannot~ cry.gif
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hmm.gif list of BSN branches contacts in Sarawak...call them? remember to get the name of the respondent that says ok...
call a few branches to confirm!
http://www.mybsn.com.my/mybsnweb/branch_sarawak.do

This post has been edited by yklooi: Oct 28 2013, 04:49 PM
SUSyklooi
post Oct 29 2013, 11:15 AM

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QUOTE(idoblu @ Oct 29 2013, 10:38 AM)
if i take a 6 months FD, they only calculate and add in interest payment at maturity date right?
if difference also not much I think compare with compounded monthly
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hmm.gif i am not good at this excel thing
i think this looks ok...confirm before use...if ok....you do the calculation and compare. ok?




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SUSyklooi
post Oct 29 2013, 11:36 AM

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QUOTE(idoblu @ Oct 29 2013, 11:32 AM)
Thanks.
In the end I get a bit more for 6 months. Just a bit.
With 1 month, I don't have to wait 6 months to withdraw
Hmmm.... hmm.gif
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premature withdrawal may not get the interest...i think
SUSyklooi
post Oct 29 2013, 12:05 PM

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QUOTE(DAViS @ Oct 29 2013, 12:02 PM)
Stagnant money has no value. 1 month FD is good if you are doing business, you can move the money any time you want.
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may lose out the interest?
for that, i think try Cash Management funds is better
SUSyklooi
post Oct 29 2013, 12:36 PM

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QUOTE(DAViS @ Oct 29 2013, 12:25 PM)
Anything to share for Cash Management fund?
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try this...this is just one of them...
http://www.fundsupermart.com.my/main/faq/faq.svdo?id=9718
SUSyklooi
post Nov 4 2013, 12:05 PM

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QUOTE(Ahkwang @ Nov 4 2013, 11:41 AM)
Hi, am planning to get an FD. 6 months tenure. Are recommendations which bank will be the best? Thanks! (Chinese here).
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how much is the sum? worth the effort to travel far and find parking space for it? hmm.gif
SUSyklooi
post Nov 4 2013, 12:33 PM

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QUOTE(Ahkwang @ Nov 4 2013, 12:13 PM)
Planning to put in about RM50k. Is that ok?  unsure.gif
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different of 0.5% for about 6 mths...RM 125
i think post 1 did have the info and links
SUSyklooi
post Dec 7 2013, 01:11 PM

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QUOTE(cherroy @ Dec 7 2013, 12:13 PM)
In good day, every bank make profit one.
As this difference only can be seen when bad time.
Typically history example would be 1997 crisis, only left one local bank was not making a loss during that time.
And a few banks or finance company that was making hundred million profit prior before crisis, were struggling due to rise in NPL, and short of liquidity, which poses risk of bank/finance company went under.
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Only when the tide goes out do you discover who's been swimming naked.....Warren Buffett
SUSyklooi
post Dec 11 2013, 01:25 PM

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QUOTE(mhspeng @ Dec 6 2013, 04:01 PM)
Hey guys...

latest news from AmBank.

They are launching their Top Rate promo starting 9 Dec with a rate of 4.12% for 36 months Tenure..  min 50k.
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any follow up on this?
has this promo being published to public info?
any link?
SUSyklooi
post Dec 12 2013, 07:54 PM

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QUOTE(kingofong @ Dec 12 2013, 07:42 PM)
i deposited 50 k today. this is t best so far. other banks might follow suit soon.
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hmm.gif i just went to ambank today.....
was told that the best is the FD for 50+ age.
3.25% I think that was what told
3.4% for 36 mths
(maybe the teller missed this promo detail?)

what is the name of your FD promo?
what is the FD rate did you get?
duration of deposit?


This post has been edited by yklooi: Dec 12 2013, 07:59 PM
SUSyklooi
post Dec 12 2013, 09:35 PM

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QUOTE(kingofong @ Dec 12 2013, 08:47 PM)
TOP RATE. 4.12 PA FOR 36 MTHS. ITS CONVENTIONAL, NOT AM 50+. MIN 50K
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Thanks for the info.... notworthy.gif
will try goto ambank again with this enquiry
SUSyklooi
post Dec 13 2013, 12:02 PM

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QUOTE(kingofong @ Dec 12 2013, 08:47 PM)
TOP RATE. 4.12 PA FOR 36 MTHS. ITS CONVENTIONAL, NOT AM 50+. MIN 50K
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just came back from ambank just now.
apparently the teller that i spoke to yesterday does not know about this promo.

i asked the the front desk customer service.
they say yes. "TOP RATE. 4.12 PA FOR 36 MTHS. ITS CONVENTIONAL, MIN 50K" just like forummer kingofong said.

ambank said "fresh" fund
as my FD with them happens to expire today,...
i cannot do direct transfer, cannot take out as cash and bank in.
they wanted their system to confirm that the fund are in from outside.
end up have to do transfer to another bank, wait until money is cleared (maybe next monday)
goto that bank buy cashier order....go back to ambank (next week) and buy into this promo.
(hopefully promo still available next week)

that was my experience with them today
SUSyklooi
post Dec 13 2013, 03:51 PM

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QUOTE(kingofong @ Dec 13 2013, 02:18 PM)
u shd have withdrawn in cash, walk out of the bank n come back, then its fresh fund oredi.
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ya-lor,..that is what i told them that i would do.
the mgr said "no" because their system would capture as
FD>CASH>TOP RATE...because my IC number was used.

thus FD>CASH into S/A>other bank is ok

just make a "bigger circle" in the fund movement
SUSyklooi
post Dec 17 2013, 09:35 PM

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QUOTE(HJebat @ Dec 17 2013, 08:57 PM)
When was that? Just recently?
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Bank Rakyat website still show 4.01% for 12 mth for Deposit A/c-i
http://www.bankrakyat.com.my/web/guest/mubeen
is this the one you r asking?
SUSyklooi
post Dec 30 2013, 10:42 PM

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QUOTE(1282009 @ Dec 30 2013, 09:58 PM)
Hi guys, for Am50Plus 12 mths 3.25%, can it apply to joined FD a/c wherein 1 of the applicants is <50?
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hmm.gif I think the ambank front line staff did told me ok...that's about 2 week ago.
I did not take that up...I took up the TOP RATE promo 4.12%
see page 40, post # 795 & 796 by forummers mhspeng & ronnie
SUSyklooi
post Dec 30 2013, 10:50 PM

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QUOTE(RO Player @ Dec 30 2013, 10:47 PM)
so so only...good is pidm covered...and bad is not monthly interest..rather yearly..int..
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hmm.gif if I am not mistaken..it is 6 month once
SUSyklooi
post Jan 2 2014, 03:52 PM

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QUOTE(lookie @ Jan 2 2014, 03:45 PM)
do we have to declare interest earned on FD (or for that matter, other types of investments like unit trusts, wealth management products etc) to IRD and are we subjected to pay income tax on this?
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found this on the web
# 9 & # 10
http://ehasil.blogspot.com/2009/02/tax-exe...ndividuals.html

need to confirm validity or latest status though... brows.gif
SUSyklooi
post Jan 3 2014, 07:46 AM

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QUOTE(tbheng @ Jan 3 2014, 01:54 AM)
Just a quick check... is the AmBank 4.12% FD insured by PIDM?
I believe it should be, but just don't see it being mentioned in their TnC.
Am considering to take this up after my HL Mach FD matured next week.
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check the words
"Conventional Fixed Deposit" at
http://www.ambankgroup.com/en/Promotions/D...FD36m2013-.aspx
against the listing of "Products eligible for protection by PIDM" at
http://www.ambankgroup.com/en/Personal/Dep...rWebpageEng.pdf
contact them to thru livechat, email or phone in to confirm
http://www.ambankgroup.com/en/Personal/Dep...Pages/PIDM.aspx
SUSyklooi
post Jan 10 2014, 12:58 PM

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deleted..double postings

This post has been edited by yklooi: Jan 10 2014, 12:59 PM
SUSyklooi
post Jan 10 2014, 12:58 PM

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QUOTE(plumberly @ Jan 10 2014, 12:49 PM)
Like to know whether there is an FD (or something similar to it) for 1-3 weeks instead of month.

Why? Sometimes I have FD maturing but don't need it till 1-3 weeks later.

Thanks.
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hmm.gif Cash Mgmt Fund?
tis is jus an example, there are others
http://www.fundsupermart.com.my/main/faq/faq.svdo?id=9718
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