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Fixed Deposit Rates in Malaysia V6.1, Please Read Post #1
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Human Nature
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 May 22 2014, 10:39 AM
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QUOTE Several economists have reportedly stated that they expect that the Central Bank to raise the OPR by 25 basis points to 3.2 per cent by the next MPC meeting in view of the strong economic growth of 6.2 per cent in the first quarter of this year.
The country's OPR now stands at 3 per cent. Let's say the OPR increases by 25 points to 3.2 % as speculated above. How much increase can we expect / estimate / guess for the FD interest rate? Will it shoot up from 3.6% @ 12 months to a figure like 4.0% @ 12 months? Small leap or big leap |
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Human Nature
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May 30 2014, 04:44 PM
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QUOTE(Human Nature @ Apr 30 2014, 03:53 PM) I am abit concern because when I check OCBC online, it shows (see image): 6540 months tenor and 3.6% rate? Just obtained feedback from OCBC. They have corrected the online banking page and it now shows the correct tenor: 545 days  |
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Human Nature
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Jun 2 2014, 08:43 PM
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Finally a nice FD promo from Ambank. No Step-up and no CASA. QUOTE “AmSignature Priority Banking Customer” means an individual who shall maintain at all times the
minimum balance in an active account in respect of each of the following category:
a) a minimum aggregated total deposit of RM200,000.00 maintained under the account or joint
account where the accountholder is the primary accountholder in any one/more of deposit
account(s) with the Bank, OR
b) a minimum aggregated total investment/deposit of RM200,000.00 shall be deposited in any
investment and deposit account of the Bank or made with the Bank under the account or a
joint account where accountholder is the primary accountholder. Meaning if a person has a current FD of total RM200,000 in multiples slips (more than 10), he can apply for AmSignature Priority Banking Customer and get the extra 0.10%, correct? If during the 15 month period, he withdraw the sum to below RM200,000, the bank will revised the rate back to 3.75%? Also, if a person deposit RM100,000 (the min amount), can he request for multiple certs and still enjoy the rate? This post has been edited by Human Nature: Jun 2 2014, 08:44 PM |
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Human Nature
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Jun 2 2014, 10:34 PM
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QUOTE(gchowyh @ Jun 2 2014, 10:28 PM) Fees and Charges Half yearly service fee of RM100 will be charged if the account minimum monthly average balance (deposits and/or investments) fall below RM200,000. Thank you for spotting this. 3.75% is still okay i guess. With OCBC and Ambank offering promo with longer period (15 months tenure) to lock down the fund, I wonder whether the 'anticipated' hike in FD rate is substantial  |
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Human Nature
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Jun 3 2014, 03:00 PM
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QUOTE(Archer17 @ Jun 3 2014, 11:35 AM) hey guys, newbie here. i wan put in FD what should i do and what is the best rate?  the rate and promo can be obtained at 1st page. as for how to put in FD, just go to the bank and say you wanna do FD. they will assist you. remember not to carry too many cash on hand. use banker's cheque. |
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Human Nature
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Jun 3 2014, 05:42 PM
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QUOTE(Archer17 @ Jun 3 2014, 03:42 PM) thank you. i will read 1st page again banker' cheque as in cheque you mean? sorry i still not know in financial or bank as this is first time i wan to in fd usually people will withdraw money from bank A to place FD in bank B. in this case, it may not be a good idea to carry cash on hand, so you can request bank A to issue a banker's cheque (fee applies). then you bring the cheque to bank B to be deposited as FD This post has been edited by Human Nature: Jun 3 2014, 05:43 PM |
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Human Nature
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Jun 6 2014, 04:09 PM
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QUOTE(pinpinmiao @ Jun 6 2014, 01:57 PM) RHB Islamic FD 12 Month 3.7% HI, any further info on this? Better option than UOB or Ambank promo |
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Human Nature
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Jun 6 2014, 05:32 PM
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CIMB is charging RM5.15 too. There is a list of the fee according to bank at the 1st page of previous version
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Human Nature
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Jun 18 2014, 09:06 PM
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QUOTE(bbgoat @ Jun 18 2014, 04:40 PM) UOB RM0.15 as usual for banker's cheque. BR, got a Parker pen (cheaper version, they used to have 2 types, one better looking). But their gift is now more limited as compared to 2 years ago.  Just holding out for better rates. Than will move out some funds to minimize risks (spread out your eggs). Ha ha.  Do you have any PB account or other special account with UOB? The manager of the UOB branch at my place was very adamant that the banker's cheque fee is RM2.15. Even after my request to contact HQ, she said that the RM0.15 charge is only for certain branch promo. |
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Human Nature
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Jun 19 2014, 11:51 PM
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wah! 4.0%..the temptation..
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Human Nature
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Jun 19 2014, 11:51 PM
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wah! 4.0%..the temptation..
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Human Nature
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Jun 20 2014, 10:49 AM
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If Bank Negara revises the rate upward, the banks will revise:
(A) The FD board rate upward, followed by FD promotion
OR
(B) The FD board rate remains the same, but better FD promotion
?
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Human Nature
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Jun 20 2014, 04:50 PM
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From 1st post, OCBC promo:
Existing Funds - No need stupid CASA thingy.
3 Months - 3.2%
I will have some FD at OCBC maturing this 28th, a Saturday and the branch at my place is open. Accept existing fund some more.
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Human Nature
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Jun 22 2014, 11:03 PM
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Anyone of you know whether Maybank is open on Saturday?
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Human Nature
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Jun 24 2014, 06:35 PM
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Those who are getting RM0.15 for UOB banker's check, do you mind sharing the location of the branch? Thanks  |
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Human Nature
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Jun 25 2014, 09:55 PM
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QUOTE(BoomChaCha @ Jun 25 2014, 09:46 PM) As long as you get the same FD name(s) printed on the banker's check, it will cost you RM 0.15. For example, if your FD is only under your name, when you request the check payable to your name, then it cost you RM 0.15. Another example, if your FD is joint name with your father, when you request the check payable to both your name and your father name, then it cost you RM 0.15. 3rd example, if your FD is only under your name, when you request the check payable to your father name, then it cost you RM 2.15. I wished that's the case but no matter what I argue, the manager insisted that it is a branch-specified promo  This Saturday, will go to OCBC for the 3 months promo..if the OPR is changed on the September meeting, just nice the date This post has been edited by Human Nature: Jun 25 2014, 10:08 PM |
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Human Nature
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Jun 27 2014, 12:11 PM
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QUOTE(lowya @ Jun 27 2014, 09:35 AM) I have a questions worth pondering, instead of focus on interest rate too much, the following questions could be a good decision making for FD... Question 1: which bank would you invest FD in if hypothetical they all offer same competitive rates? Question 2: why would you choose this bank? Any bank as long as it has a branch near to my location, no parking issue, low banker's cheque cost...free gift, nice bank staff would be a bonus |
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Human Nature
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Jun 27 2014, 03:06 PM
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QUOTE(joeaverage @ Jun 27 2014, 12:43 PM) can i ask a noob question - must you always have a savings account with a bank before you open an FD account with them? Lets say i have a MBB account and since the rate is crappy - i want to put FD in UOB.. must I first open a UOB savings acc? if so, what happens after the 1 year that i place the FD - my UOB acc just remains or can i opt to close it? No, not necessary to have current or saving account (CASA). However, some may require you to open CASA for interest debit purposes or some promo may require you to deposit some % into CASA. |
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Human Nature
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Jun 27 2014, 03:09 PM
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Additional info for the QUOTE Existing Funds - No need stupid CASA thingy.
3 Months - 3.2%
12 Months 3.4% It is open till end of next month |
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Human Nature
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Jun 28 2014, 11:21 PM
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Went to OCBC today for the 3 months @ 3.20% promo. I really hate their system. First you need to go to the customer financial service side to open/uplift FD account, and then they will submit the document to the teller (counter) side to prepare the certificates. No issue with the customer financial service side but the teller side is one of the worst banking service that I've ever experienced. When the certificates are ready, they don't bother to call you for collection but continue to talk with their colleagues or doing other stuffs. The bank was not even pack with customers. You will wait for a long period like a fool and when you approached them to ask, they said the certs are ready! This is the second time I faced the exact same incident. I made a complaint for the first occasion and the manager already assured me that it was a one off incident  |
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