Yup, I know that feeling...have been & will be shifting $$$ from BR to other "tin biskut" as well...but that tin comes with even higher rates

Are you sure it's alarm bells ringing, not wedding bells, christmas bells or Taco Bell? Each serve different purposes...salah dengar nanti can make a wrong move...


Let me know the time, date, location & blueprint...I'll bring a K9 dog as my partner in crime

Some banks will send remainder if inactive for long time. Hong Leong bank does that. Worst is Bank Simpanan. No news about your account until you go to check it out. My B Simpanan money was sent to BNM and with the help of the bank, I managed to get back the money without interest. It is not troublesome and BNM quite efficient.
Every country has its own system on unclaimed money. If your money is in US and inactive, the bank or financial institutions will send to the unclaimed money section, can't remember the exact name. You can check your unclaimed money at the website. Many Malaysian and Singaporean left a lot of unclaimed money, not big amount in the US

Oh..I heard if more than 7 years no active, banks will send the money
to BN. Is you SA more than 7 years no active?

I think our ancestors must have some valuable things hidden in some where
that we are still not aware of. For examples like FD cert, cash, jewelry, SA book,
property title, share cert..

I believe nobody can inherit 100% of their ancestors' money, some money will be missing
in somewhere; unless our ancestors can plan and manage well and pass the money to the next generations..

agreed with you

Then start from this generation onwards to avod the decendents airing the frustration in Lowyat Fixed Deposit Rate in Malaysia Vn....

The first page mentioned Ocbc existing fund 3.2% is not automatic when the existing FD is matured. The person must drop by bank to sign up for existing fund promotion, if not renew at board rate...

Money in dormant account more than 7 years will be sent to BNM under unclaimed money pool.

But it is not considered "gone", as account holder still can claim back the money via BNM.

The total of unclaimed money based on the news amounted about 4 billion.
http://www.thestar.com.my/Story/?file=%2F2...ation%2F8106014

OMG! 4bil $$. Why no one claim back the money



This post has been edited by davinz18: Aug 1 2014, 10:39 PM

Do anyone have OCBC offer flyer? What is the last promo day?

thanks for confirming, weird i don't get an ATM card. Maybe i told him i don't need, the amount of ATM card is bothering me.

UOB also cheap, not sure for groupon deal only or what. It is not even a proper cert for me.

Then can i get back the same rate after maturity (e.g higher than new rate today) or have to follow the new FD rate offered by bank?

My fren informed tat they issue cheq to Akauntan Negara M'sia n send to Putrajaya

? their atm card costs rm10 a year (unlimited withdrawals)

their debit card, yes, rm20 a year. but first year free and can cancel before 2nd year.

passbook rm100? affin cekik darah ni

Reasons:
(1) Did not write a will (but this can be settled in Amanah Raya and local Land office)
(2) Argument of family members (inheritors)
(3) No descendant
(4) Descendant or inheritor migrated
(5) Cannot find one of the inheritors (could be missing or died in some where)
(6) Missing some legal documents like IC, property title, death certificate

I thought MBSB and BR would revise their FD rates after Hari Raya, but they did not..
When are they going to revise..?

This post has been edited by BoomChaCha: Aug 2 2014, 12:23 AM

As it is small amount and have to pay to get signature (Commissioner for Oath), found not worth the effort to claim back the money.

The SA is >7 years. It was in MBB's branch which at that time I did not visit for a long long time.

For those of us who have accounts outside of M'sia ( US, UK, Australia etc), need to make sure someone know about them. If you are called away and no one knows about it, nothing can be done.

I am also waiting for them to change especially MBSB. So that means for those banks that offer "promo" rates, with OPR increase they may not increase their FD rate. Or will it be later ?

With 4.7% rate in hand, you cannot lose out even with any increase offered by any bank ......how much extra can they offer? who can offer higher than 4.7% rate?

Waiting will only keep your money half work half sleep, i put mine to work at maximum level........get to that higher rate (if there is any) with your next FD when it matures...

I did not disagree with your point. I am waiting for FD maturity, then target to put in Affin 15 months and then MBSB. Hopefully for MBSB, before the CIMB merger !

You didn't get an ATM card means :
1. you've placed a FD with Affin
2. deposited RM20
3. but tarak ATM card?

Like that ka?

I think if banks want their FD promo rates to be competitive, they will offer new
higher FD promo rates.

If banks think their existing FD promo rates are still competitive even with the
increase of 2nd OPR or if they are no longer needing any new funds, they will
continue with their existing FD promo rates.

It is possible that MBSB 4.7% will revise to higher rate if 2nd OPR increase.
But they might not revise if they think their 4.7% is still attractive.
In my opinion, if 2nd OPR increase, most likely MBSB 4.7% will increase, maybe
up to 4.8% or 4.85%?

If I can recall it right, the lowest rate of MBSB's 5 years FD was around 4.2 or 4.3%,
the highest was 5.5% few years ago.

In my opinion again about your will it be later?, I think yes, banks will react
to revise later, unless if they are not aggressive in FD promo like Citibank.

So we are waiting for 3 results:
(1) Will MBSB merge with other 2 banks or not?
(2) Will 2nd OPR increase or not?
(3) If 2nd OPR will increase, then when..?

This post has been edited by BoomChaCha: Aug 2 2014, 11:32 AM

Ha ha..when seeing a target and without a delay.. our Top Guy will use his bazooka
to shoot to maximum level..

It seems MBSB is better since MBSB has no scandals so far..