Yup, i deposit fd amount + RM20 for SA. Walk away with FD cert only and a SA number.

If OPR increase by another 0.25%, likely for MBSB to increase, if they still exist as an entity. Meaning they have not merged with CIMB.

Ai, hopefully there is no merging so that they can still offer the high 5 yrs FD rate.

5.5% ! I missed that !

You cant get back the same rate after maturity unless the bank still continue with the promotion. You have to follow bank new promotion policy.

Probably the requirements that I've mentioned are meant for the FD promo only.


Did you try to be thick skin & request for a gift?

Affin Master debit card?
Last year Affin offered no annual fee for 5 years, but I did not apply.

Affin is quite stingy..
Last year when I placed my RM 60K FD for 1 year in Affin, I smiled to the female teller and
asked for gift gently, but she replied to me that only FD amount more than RM 100K would be
given 1 umbrella... Then I turned to embarrassed smile and kept quiet loh...

This post has been edited by BoomChaCha: Aug 3 2014, 01:03 AM

Attached thumbnail(s)

Since all my. FD is auto renewal upon maturity period, so the bank will automatically adjust the fd rate accordingly right due to OPR increase right?

Bank will auto renew to the board rate, it will be the higher rate if they adjust it. But some bank may not adjust it in relation to OPR increase or late in doing so.

Maybe you put up a hopeful smile to her, so she played hard-to-give with you

Next time try to exhibit the megawatt smile like Tom Cruise, sure can melt her heart & put forth an effort to grant your wish...on the condition that your next visit to Affin is attended by a female staff la

I remember reading here that some forumers think/expect the MBSB FD will automatically become PIDM protected once MBSB merged with CIMB.
My thinking is... it may not necessarily be the case.
A financial institution whom is a member of PIDM does not mean all their products are PIDM protected.
They can likely left MBSB FD stay as-is, i.e. non-PIDM protected post-merger.
I have seen (based on my experience) banks that have non-PIDM protected products though they are a member of PIDM. For example this MBB investment acct is not PIDM protected.
Just my 2 cents.

This post has been edited by tbheng: Aug 3 2014, 09:31 AM

Quite excited to see so many FD promo lately...
Most of my "long-range missiles" have been deployed, can't take anything > 6-mth.

Due to conveniences, I have tried the MBB 3+3 merdeka promo with effective rate of 3.73%.
I visited the counter and transferred fund from my other mbb acct.

At first was happy that the form has the option to indicate transfer to mbb acct upon maturity. So no need to re-visit the branch to uplift the FD upon maturity. But it was a short-lived joy as the teller say NO, I have to select auto renewal and need to come back to same branch to uplift. Reason was it is a 3+3 FD and not 6-mth FD. Tricky MBB...

The back of the cert did printed the interest rates for the first 3-mth, the next 3-mth will need to be printed 3 month later.

Gold investment account doesn't fall under the scope of PIDM, which only covers certain type of deposits.

http://www.pidm.gov.my/About-Deposit-Insurance/Coverage.aspx

I think what you meant is the the PIDM protection might not apply retrospectively on deposits placed before the merger?

This post has been edited by Okina: Aug 3 2014, 09:47 AM

good point.may still bee like other investment product.non pidm.

good point but will pidm protection matters after the merger? surely cimb won't allow non-pidm products to fail while under its watch, would they?

a failure here may cause a run on the bank, or maybe on the whole entire banking system!

methinks that the merger between cimb-rhb-mbsb won't materialise; however a merger between rhb & mbsb is a better bet... just my 2sen...

My POV, it is better to maintain the status quo as premerger.

I'm more concerned with how much do MBSB has to pay for the PIDM service & will the fee affect its FD rates

It seems that OCBC's 24-month 4.20% FD is a step up deal (as per attached by gsc)

An effective 4.00% rate is still very good nonetheless...

better no merging for them.we enjoy high rates!

oo so the 2 yrs is not 4.2%

affin and rhb still best i guess.

UOB Mid Year FD Promo - 1 July to 30 August

OCBC 2 years FD's effective rate is 4.00%, not 4.2% as previously mentioned..

Check out OCBC FD flyer on post #1835 on page #92 which contributed by gsc
https://forum.lowyat.net/topic/3190807/+1820

I think Affin 4.05% for 15 months pure FD is the best so far...
But do not know this FD promo valid until when..?

This post has been edited by BoomChaCha: Aug 3 2014, 11:51 AM