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Fixed Deposit Rates in Malaysia V6.1, Please Read Post #1
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munkeyflo
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 Jul 6 2014, 02:39 AM
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Blooop bloop bloop
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QUOTE(aeiou228 @ Jul 5 2014, 08:03 PM) I believe If bankers chq can then giro sure can as long as it's not cash withdrawal. I remember I read the TnC before that money box can't do any other OTC transactions except OTC deposit. When my Mach FD matures then I'll go HL bank and see what they say. Seems to have different response on this. QUOTE(davinz18 @ Jul 5 2014, 08:16 PM) Rich Gal spotted  I never done GIRO of 100k before  Aiyo. Not my money laa. I office boy help run company errands only. |
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bbgoat
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Jul 6 2014, 08:31 AM
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QUOTE(munkeyflo @ Jul 6 2014, 02:39 AM) Aiyo. Not my money laa. I office boy help run company errands only. You office gal/dir running around with >100k money doing FD deposits, counting money at 2.39am ..................  Still have not finish counting at 2.39am ?  Please shout out if help needed.  This post has been edited by bbgoat: Jul 6 2014, 08:52 AM |
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TSGen-X
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Jul 7 2014, 02:59 PM
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Lifetime LYN Member
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QUOTE(Gen-X @ Jul 4 2014, 08:52 AM) Feeling sick, having the flu so went to bed early and yet to update Post#1. However, this morning I did receive a message from an "online friend" at my facebook account that HLB Islamic Bank offering some Term Deposit Promo that pays up to 3.8% But when I checked I only found their Junior Term Deposit i promo. Previously I have mentioned that HLB Junior FD is great because the interest from the FD are credited monthly into a Junior Savings Account that also pays interest (near to 1 month board rate) monthly. And I am pleased to inform you that this is also the case for HLB Islamic Junior Term Deposit i.  Updated above into My Fixed Deposit Page. I thought I share with you guys - My "online friend" did reconfirm with me she managed to get 3.8% for 13 months with HLB Term Deposit i this month. On top of this very good rate, interest is credited monthly! And you can either add it to principle and continuing earning 3.8% or add it to a savings account. However, max placement per cert is RM200K but you can always open more cert(s). And of course HLB products are PIDM insured. |
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bearbear
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Jul 7 2014, 03:09 PM
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seems like RHB has improved their 15 months promo; http://www.rhb.com.my/Whats_New/deposits/s...D/#.U7pHrZSSzyQ((3.48/1.05) + 3.68 + 3.88 + 4.08 + 5.38))/5 = 4.067% First FD promo to breach 4% mark but 5% have to maintain in CASA for 90 days This post has been edited by bearbear: Jul 7 2014, 03:10 PM |
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Human Nature
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Jul 7 2014, 03:16 PM
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For these kind of promo, for example, where we need to maintain 5% in CASA for 90 days, do we need to manually go to the branch after 90 days to arrange transfer from CASA to FD or it is automatically done?
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bbgoat
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Jul 7 2014, 03:17 PM
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QUOTE(bearbear @ Jul 7 2014, 03:09 PM) seems like RHB has improved their 15 months promo; http://www.rhb.com.my/Whats_New/deposits/s...D/#.U7pHrZSSzyQ((3.48/1.05) + 3.68 + 3.88 + 4.08 + 5.38))/5 = 4.067% First FD promo to breach 4% mark but 5% have to maintain in CASA for 90 days Thanks for calculating the effective rate !   Wow, RHB FD is even better than BR's 15 month's 3.95%. Some more with PIDM.  BR cannot cliaim to have the highest FD rate. |
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bearbear
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Jul 7 2014, 03:23 PM
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QUOTE(Human Nature @ Jul 7 2014, 03:16 PM) For these kind of promo, for example, where we need to maintain 5% in CASA for 90 days, do we need to manually go to the branch after 90 days to arrange transfer from CASA to FD or it is automatically done? I think cannot transfer from CASA to FD, the 5% can only withdraw? Easiest account to maintain should be as below; http://www.rhb.com.my/deposits/savings-acc...basic_main.htmlQUOTE(bbgoat @ Jul 7 2014, 03:17 PM) Thanks for calculating the effective rate ! Wow, RHB FD is even better than BR's 15 month's 3.95%. Some more with PIDM. BR cannot cliaim to have the highest FD rate. regulars here can go challenge BR liao This post has been edited by bearbear: Jul 7 2014, 03:30 PM |
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davinz18
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Jul 7 2014, 03:55 PM
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QUOTE(bbgoat @ Jul 7 2014, 03:17 PM) Thanks for calculating the effective rate ! Wow, RHB FD is even better than BR's 15 month's 3.95%. Some more with PIDM. BR cannot cliaim to have the highest FD rate. Why not some of you visit BR & tell them about tis RHB offer. Confirm they would do "something" about it |
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TSGen-X
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Jul 7 2014, 04:57 PM
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Lifetime LYN Member
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QUOTE(Human Nature @ Jul 7 2014, 03:16 PM) For these kind of promo, for example, where we need to maintain 5% in CASA for 90 days, do we need to manually go to the branch after 90 days to arrange transfer from CASA to FD or it is automatically done? Since the money is in your CASA account, you can do anything with it after the earmarked period. If you want FD promo rate, then you got to perform over the counter transaction. However, if you okay with board rate, you can always do eFD anywhere. |
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Human Nature
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Jul 7 2014, 05:02 PM
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I see, thanks. So for RM10000, only RM9500 will go to FD. The remaining RM500 cannot be added up to the same FD account after the 90 days period.
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bearbear
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Jul 7 2014, 05:14 PM
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QUOTE(Human Nature @ Jul 7 2014, 05:02 PM) I see, thanks. So for RM10000, only RM9500 will go to FD. The remaining RM500 cannot be added up to the same FD account after the 90 days period. i think they don't split in 95:5 ratio; so to deposit 9.5k into FD, you need 475 in saving account. But ya, whatever in the CASA can't go back into your FD from what i understand. |
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Human Nature
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Jul 7 2014, 05:17 PM
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QUOTE(bearbear @ Jul 7 2014, 05:14 PM) i think they don't split in 95:5 ratio; so to deposit 9.5k into FD, you need 475 in saving account. But ya, whatever in the CASA can't go back into your FD from what i understand. Oh okay. So since the min placement is RM10000 to FD alone, i will need to bring another RM500 for the CASA. Man, I hate this CASA thingy |
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bbgoat
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Jul 7 2014, 05:30 PM
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QUOTE(bearbear @ Jul 7 2014, 03:23 PM) regulars here can go challenge BR liao QUOTE(davinz18 @ Jul 7 2014, 03:55 PM) Why not some of you visit BR & tell them about tis RHB offer. Confirm they would do "something" about it Ha ha, 1 or 2 months ago they still advertise having the highest FD rate in Star. Did not see the ad recently. My BR regulars have left and replaced with new BM and ABM. Have not even met them yet. Wait till my FD mature and go to the branch. Ha ha. |
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MGM
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Jul 7 2014, 05:42 PM
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QUOTE(Human Nature @ Jul 7 2014, 05:17 PM) Oh okay. So since the min placement is RM10000 to FD alone, i will need to bring another RM500 for the CASA. Man, I hate this CASA thingy If possible, use the RHB Junior Saving Acc(3% int) for the 5% CASA portion to maximise returns. Wonder whether can use this as a joint acc? After 90 days transfer this amount to other FD on Promo. I think this RHB Stepup FD has the advantage of early withdrawal btw cycles, in case of other better investment. This post has been edited by MGM: Jul 7 2014, 05:53 PM |
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giko
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Jul 7 2014, 06:06 PM
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QUOTE(MGM @ Jul 7 2014, 05:42 PM) If possible, use the RHB Junior Saving Acc(3% int) for the 5% CASA portion to maximise returns. good idea!  |
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bearbear
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Jul 7 2014, 06:08 PM
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The FD accountholder and the CASA accountholder must be of the same party or in the case of joint account,
the FD and CASA primary accountholder must be of the same party as well.
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besiegetank
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Jul 7 2014, 07:57 PM
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4% for 15 months seems a good deal for PIDM protected FD, time to open new account in RHB |
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Pewufod
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Jul 7 2014, 09:04 PM
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hello fellow sifus here
i have a question i hope sifus can help answering
im planning to withdraw my FD which has matured in the month of June 1st
can i know what are the consequences of doing this ?
am i really just losing the interest of June or are there other penalties ?
or is it better to wait for my FD to mature ? do i have to call them to stop renewing upon maturing ?
my FD placement is on 6 months auto renewal basis with public bank
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zenwell
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Jul 7 2014, 10:12 PM
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QUOTE(besiegetank @ Jul 7 2014, 07:57 PM) 4% for 15 months seems a good deal for PIDM protected FD, time to open new account in RHB the promo starts today right? seems quite good and can withdraw at every cycle of 3 months. Luckily my cash are not in RHB currently |
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giko
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Jul 7 2014, 10:29 PM
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from this article = http://www.themalaysianinsider.com/busines...debt-risk-grows , looks like there'll be 2 increases = "Most economists expect a 0.25% hike when the central bank meets on Thursday, followed by another as early as September." |
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