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 Fixed Deposit Rates in Malaysia V6.1, Please Read Post #1

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SUSlowya
post Jul 11 2014, 10:29 AM

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QUOTE(aeiou228 @ Jul 11 2014, 10:16 AM)
Hi, Which bank offer the highest 1 month FD right now ?
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very good question given current scenario.
SUSlowya
post Jul 11 2014, 10:53 AM

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is MBSB 4.7% comes with PIDM protection?

which one would you choose?

MBSB 4.7% 5 years
RHB 4.1% 15months (PIDM)

reason(s)?

This post has been edited by lowya: Jul 11 2014, 10:56 AM
SUSlowya
post Jul 11 2014, 11:11 AM

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QUOTE(bbgoat @ Jul 11 2014, 10:56 AM)
I hope so and will be very happy if that happens !!  rclxms.gif
MBSB no PIDM, same as BR.  smile.gif
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which FD without CASA?

Try 1 month.
SUSlowya
post Jul 11 2014, 11:13 AM

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QUOTE(aeiou228 @ Jul 11 2014, 10:16 AM)
Hi, Which bank offer the highest 1 month FD right now ?
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Perhaps 3.2% 1 mth by BR?
SUSlowya
post Jul 13 2014, 04:24 PM

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QUOTE(BoomChaCha @ Jul 13 2014, 04:13 PM)
I do not know whether the OPR will raise again or not in September, but I will place
the best 3 month FD now to see what will happen in September, at least this can
give myself a chance to plan for next step, furthermore the banks will not react fast
to offer new FD rates...  cheers.gif

But for BLR and other loan rates, banks will react like rocket speed..  biggrin.gif
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are you going for 3 months 3.6% from BR?
http://www.bankrakyat.com.my/deposits-account-i-

hard decision vs rhb and mbsb
http://www.rhb.com.my/Whats_New/deposits/s...D/#.U8JCOrGOMUG
http://www.mbsb.com.my/deposit_fixed.html

This post has been edited by lowya: Jul 13 2014, 04:30 PM
SUSlowya
post Jul 13 2014, 05:20 PM

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QUOTE(BoomChaCha @ Jul 13 2014, 05:02 PM)
Except MBSB's 5 years at 4.7%, RHB's 15 months FD offers a better FD rate than MBSB,
why so hard to make decision?  hmm.gif

RHB's 15 months FD effective rate:
http://www.rhb.com.my/Whats_New/deposits/step-up-FD/TnC.pdf
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how can rhb (4.1% p.a.) better than mbsb (4.7%)? are you sure u get it right?
SUSlowya
post Jul 14 2014, 02:23 PM

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The thing about MBSB is they will take back all interest paid to you if withdraw principal prematurely, and give you half entitled interest by the board rate.

So i have to agree that RHB is still best option.
SUSlowya
post Jul 17 2014, 10:19 AM

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All these folks who wanna go for high FD interest rates without protections should go for stocks dividend that pays > 7% out there, fits their risk profile better.

This post has been edited by lowya: Jul 17 2014, 10:21 AM
SUSlowya
post Jul 17 2014, 10:51 AM

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if you want partial withdrawal, simply buy smaller notes, like 10 pcs of 10k instead of 1 pc of 100k.
SUSlowya
post Jul 21 2014, 11:41 AM

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QUOTE(haur @ Jul 21 2014, 10:44 AM)
Hi taikos,

I would like to know how do we calculate the effective rate for the RHB 15 month promo? Sorry I'm confused with 15m. Please guide me. Thanks.
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Say you invest 180k, for 5 quarters, you get following interest:

1,566 1,656 1,746 1,836 2,421
3.48% 3.68% 3.88% 4.08% 5.38%

Total 9,225 for 15 months right?

So, 9,225/15*12/180000 = 4.1%
SUSlowya
post Jul 25 2014, 12:51 AM

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QUOTE(bbgoat @ Jul 22 2014, 06:29 PM)
But spent 1hr in RHB to open new accts, SA & FD.  shakehead.gif RHB SA must have yearly activity, if not charge RM10 per year. Are all banks doing that ?
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interest bank in to SA every 3 mths is activity already.
SUSlowya
post Aug 7 2014, 09:55 AM

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<4% effective p.a. don't even bother to look at it. No dilemma.

>4% effective p.a. only need to check PIDM coverage, % fund for CA/SA requirement, step-ups availability (for interim alternative exit strategy).

Constructive discussion would be to post future > 4.2% effective p.a. with PIDM, otherwise the choice is so clear.
SUSlowya
post Aug 17 2014, 12:42 PM

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QUOTE(MNet @ Aug 17 2014, 10:12 AM)
MBSB sucks la

emailed them since last week but nobody reply
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one thing you have to know, those run like a government body, their job function not include checking email.

on the side note, funny how people find opening a CASA so troublesome, u just sit there fill some form and done already, whats the big fuss?

also funny why many still interested to talk about <4% p.a. packages. rclxub.gif
SUSlowya
post Aug 29 2014, 05:57 PM

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QUOTE(kucingfight @ Aug 29 2014, 04:56 PM)
how about this from maybank?
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to lure auntie and uncle who dont understand effective interest rate p.a.
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