Because I notice this time UOB offers 3 months FD..
I think 3 months FD should be hot now just like what Ah Goat mentioned as below..

Ha ha.. You read my mind ah..
But to place 3 months FD is taking a big risk that maybe I will miss the last train to MBSB 4.7% wor..
Very headache now...

These were quite rampant in the Klang Valley in 2010/11. My misfortune happened on the 8th day on CNY2011 (10 Feb 2011) - maybe the robbers thought that we were taking out monies from the bank!!!

After this incident, I'm doing solo banking runs so as to not involve my lovely wife, and dealing with banks near my office or home, with car parked a distance from the bank.

Also, cross & re-cross the roads looking to see if I'm being followed. Entering another bank to sidestep suspicious looking strangers...

Looking at "Last Train to MBSB" ?? Ha ha. I have changed my mind and hoping that MBSB will raise their rate before I commit to 5 years FD there. With another OPR rate hike soon, FD rates should go up higher.

Thanks Bro for the update and updated Post#1 to include above.

However, I would like to advise all that you should always check with UOB on their latest FD Promo. Last month, I was told UOB revised their promo rates 3 times.

I also just updated my Fixed Deposit Page where I stated Alliance Bank FD promo rates which are not competitive compared to AmBank and UOB.

For Maybank Fans - where their FD Promos are also opened to SME, be quick as two FD Promos are ending mid September. But then again, Maybank new FD Promos may offer better rates

This post has been edited by Gen-X: Sep 2 2014, 08:39 PM

Really? u know the reason?

mbsb ioi mall dont have free gift

My pleasure, Captain..

Ah Goat & Warrior, I just called to MBSB, the person said like this:

MBSB, RHB and CIMB are in the middle of negotiation, once they come out with the conclusion
and agreement to merge, it will take another 3 to 4 years for them to officially merge to form a
new bank, but they will not officially merge in next year January that was previously discussed.

The person said it is impossible to get 3 financial institutions to merge in short period of time.
This sounds logical to me, just imagine, they have many financial products, many accounts,
many branches and many employees..and etc, how can 3 banks to officially merge in few months time?

So, MBSB 5 years FD should available in next 3 to 4 years until they officially merge.
The person also said the change to increase 4.7% is slim even OPR increase, but I think this is hard to
say based on MBSB pattern and historical data.

MBSB FD promotion is still active in FD market, MBSB is in the middle of discussion to come out with
a FD promo soon maybe in next month, this FD promo is like this:
4.15% for 6 months, but 20% needs to put in saving account (I think the saving rate is 2.25%, need
to double check). Based on this FD promo from MBSB, MBSB obviously is not sleeping.. I guess the raise
of 4.7% is possible if next OPR increase again.. But I could be wrong la.. Ai.. quite headache..

I want to re-plan my strategy..

Just called to BR, FD rates are still the same and no change..

You placed 4.7% for 5 years..?

With the OPR increase of 0.25% + 0.25% soon, hopefully MBSB will adjust their 5 yrs FD rate. It is really a headache to decide whether to put it now, wait but will it be gone ?

Well, for me, I will just wait and put in 1 year FD first.

The branch manager told me in their Raya Open House that they are reviewing their rates. Their staff told me that may be early Sept they will revise their rate. At that time I was withdrawing my 3 months FD (which was placed anticipating an OPR change about 3 months ago).

Ha ha.. you are so certain that OPR will increase again soon?
I think most likely it will, but just do not know when..?
I am thinking to place 6 months FD with UOB..

BR is very slow to react..., I do not like they are no longer issuing check..

By the way, RHB does not have any FD promo now.

I thought you are voting for OPR increase in Sept, while my vote is for Nov increase.

BR wise, I still like their monthly interest payment. Still like clock work despite the issue few months ago where they change to 1st of month for some of the FD's. I know some of us are concerned with them due to certain issues lately.

1. I want to ask you sifus MBSB FD 4.7% have no PIDM protection. Is it safe?

2. Will one get 4.7% pa for 5 years Or you will get 4.7% at the end of 5 years? regardless OPR increase or decrease?

Accroding to MBSB site, there is no 4.7% except for retail. Do you guys mean that?

http://www.mbsb.com.my/deposit_fixed.html

3. How to become open a FD retail with them? I am sure not for normal people like me right?

Thanks


This post has been edited by Ramjade: Sep 3 2014, 08:56 PM

Okay..let's see in Sept and Nov
Very exciting...

Yes, agree, BR monthly interest payment is NO. 1.. Really can't live without it now..

1.
Of course it is always better to have PIDM protection.
To answer your question about is it safe or not? I just make it a simple answer like this:
Low risk low return; high risk high return.

2.
Regardless OPR increase or decrease, you will be paid 4.7% p.a. for 5 years.
You will receive interest every 6 months, this means MBSB will pay you 10 payments of interest during 5 years time.

Retail means individuals.

3.
You can always use your IC to open a FD account with MBSB.
If you are a foreigner, then you can use your passport.

You are very alert & cautious of the surrouding eventhough you are not doing money transaction ...still able to convey a crystal clear description of the whole episode

Perhaps your automobile or your wife's attire & accesories are a magnet to them?

Why you didn’t place for the 5% FD + 3% SA? Really good deal wor…


Can expect a different open house by HLB vs BR (not to say makan is main priority la).

BR – sure to have food to satisfy your Malay cuisine cravings

HLB – sure to have mooncakes on display but need to purchase to fulfill your yearning

*Based on my experience…might be branch related affair*


I’m leaning toward that person that you have spoken with...it is unlikely that MBSB will raise its 4.70% rate. There is simply no other intitutions that offer rate that can compete with it. MBSB’s main rival should be BR’s 5-year 4.40%.

So there is nothing to incite MBSB to increase the 4.70%...my POV la…could be way off the mark

It was the courier bag used by my wife that attracted their attention, and the 8th day of CNY2011!

I was told that their modus operandi was to place a lookout in the bank to alert others of who's carrying out cash from the bank BUT it was not cash that was carried out in the bag but just banking documents!

Maybe my training as a bank internal auditor did help but I'm always alert especially at banks! We all should too...

OPR just increased and you guys expecting it to increase again? My bet is on next year And to justify my prediction, here is Public Bank FD Promo until end 2014:



For more FD and Term Deposit Promos, please visit my Fixed Deposit at my blog periodically where I update latest FD Promos, that's is if I am around, haha.

This post has been edited by Gen-X: Sep 4 2014, 08:27 AM

any person can open retail account there.

next year? hope this year.

Is there a minimum ammount? Does one require CASA?