if i'm not mistaken, Bank Rakyat declared 15pc dividend recently.

this explains why only one-time hibah given and coincide with their recent 2013 financial performance announcement.



Sources:
http://www.nst.com.my/business/latest/bank...vidend-1.511068
http://www.thesundaily.my/news/985893

Updated 1st post, more like deleting expired promos. HLB and UOB both have extended last month promos. And new promos to report?

In my Fixed Deposit Page, I posted that UOB is offering 3.6% 12 months FD; BUT you got to go open a eAccount Savings Account (no passbook) where you only start earning meaningful interest rate for deposit above RM15K. And the other condition is the deposit ratio must be 30%:70% and minimum RM50K with eAccount. I guess you regulars here know it's not even worth calculating the effective interest ratewith 30% into eAccount, hahaha.

You have 10 certs, then you should received 10 interest for your 10 certs.
If your FD due date is 4th, then you should received 27 days interest for April.

So you should see 10 of this S20 009 INTER-A/C TRANSFER on your iRakyat
That is abnormal if you do not see 10 interest..

Around RM 10 cents per day la if put in Affin Saving account at 2.8%.
Not interested to have meal with her la. ...I would rather to have meal all by myself..

Checked again today, both accounts have interest credited as normal for FD due the last 2 days !!

So will just monitor and add up by end of the month to see if all certs received the correct interest.

Funny !

As to the Hibah, as I have records of the previous months transaction history, saw that in fact every month they give out Hibah. But only small, small amount.

I heard 3 different version of explanations about this early profit payment:

(1) At first I called to BR Customer Service at 1-300-88-12265 yesterday, the BR female rep said this early profit payment was only available for 1st of May only.
She is sending me a letter to explain all about this early profit payment, once I receive it, I will post it here.

(2) Then I called to BR branch yesterday, the staff said BR has started to pay FD profit during 1st day of the month..

(3) I called again to BR Customer Service at 1-300-88-12265 at 7.30pm this evening. The male rep said some customers received early profit but some did not. He said: this is BR system error to pay early profit to FD depositors, and BR is still in the process of investigating this issue...

I believe (3) should be correct. I guess BR system has infected by virus, or attacked by hackers, or maybe a careless mistake has done by BR human error..

I have also received Hibah, but the amount is so small that almost unnoticeable..I guess it is
small interest gains from BR saving account...

So I am not going to touch the profit which BR credited to my saving account by their "error"
until I receive BR final notice..

I do tend to agree there is some glitch somewhere for BR. As the month progress, those FD due one can proof to that effect. 2 of my FD due this month received normal FD for the last 30 days (April 30 days only). Some more FD due 2, 3 days later.

Not sure of other BR regulars.

This post has been edited by bbgoat: May 5 2014, 09:02 PM

HSBC does not seem to have good FD promotion ?

They seem to have good security for online banking. They have changed their old security device (generating random PIN). Just activated their new security device. Seem to be more complicated procedure.

Anyway, still waiting for their FD promotion, if any, to top up FD there.

This post has been edited by bbgoat: May 6 2014, 09:49 AM

Tried uplifting a 20k BR FD last week in another state but the BR staff told me the limit for withdrawing FD at another branch is 10k...
Today made new FD deposit with personal cheque at the usual branch and was immediately issued the sijil which was a surprise, last time got to wait 1~2 days for the personal cheque to clear... complaint to the counter officer about not being able to withdraw FD at another branch but was told that the new limit is 50k, and 10k limit was old one...
looks like every BR branch has its own rules

Mine seems not impacted...still credited on the dot as before. Just IBG out as usual.

Further confirms that BR diff branch has its own "policies" . Personal cheque based on past experience need clearance before FD cert issued, unless it is banker's cheque. Lucky you !

Ya, it further confirms the glitch that they have. It would be a nightmare for them to check out why some of us received the interest unless they can find out the cause and then deduct out the paid interest. Ha ha ha.

hi guys,

if i wan to put 5-10k as fd. which bank u guys suggest or any bank got promotion recently?

as i refer from the 1st page, i able to know the rate / dividend. but however, i want to get ppl's opinion before i proceed to the next because all the rate just among the same

If you don't need the fund for years to come and for less than 10K, I suggest you go with Affin Bank Board Rate at 3.6% for 12 months tenure which is higher than most straight forward FD Promos (no stupid CASA condition). Come next year, it will be auto renewed at board rate (Affin's board rate has been the highest for the last few years compared to any other commercial bank). You can also look into Bank Rakyat's Islamic Banking Products which are Non PIDM insured where they currently offer higher "profit sharing" rate (please educate yourself difference between Fixed Deposit and Islamic Banking Products).

And to note - most FD promo minimum fresh fund starts at RM10K.

My 1 year FD that requires manually credit dividend has been credited based on the traditional FD maturity date.

While the rest of FDs that used auto credit system were credited with the interest based on the reaming days after the
maturity date until the end of April.

So I guess it should be BR's auto credit system error..

I think yours does not have problem..

Captain, I think most banks are waiting for the result of Bank Negara meeting tomorrow..
Hopefully we will hear good news tomorrow since we have had many bad economic news since this year..

I heard a rumor, car loan interest will go up again in June..

I sure hope there is some "good" news though it may be bad news for others as interest rate for loans will go up.

Also BCC, buy me lunch or dinner if the news turns out to be what was predicted before ??

This post has been edited by bbgoat: May 7 2014, 04:58 PM

I bet you guys are hoping banks' deposit interest rates will go up with BNM increasing OPR. But I'm going to dash your hopes.... OPR will maintain as it is. And my prediction is based on tomatoes, hahahaha. Price of tomatoes has dropped more than 50% compared to 2 months ago and yet there is no substantial increase in demand.

If you guys had read BNM recent statements for this year, there is no indication interest rates will go higher ... actually in the last MPS (march 2014), "moderate domestic demand" was mentioned twice. And as for CPI, click here to latest report and see the chart and you will note CPI increase last few months are roughly same as in most of 2013. The last time BNM increase OPR was in 2011, see the CPI increase then.

This post has been edited by Gen-X: May 7 2014, 08:24 PM

hello there,,im a freshie who just started working(3 month already) n im seriously wanna start saving money n probably invest into something later..can anyone suggest what should i do? FD is good for freshie like me?

-double post -

This post has been edited by ahchat: May 7 2014, 10:26 PM

yes because u wont lose any money with this until you figure out what to do with your savings.

Thanks for the insight!

So have to wait for Q3 and beyond ................................

There's a limit of 10K to withdraw from different BR branch?

Which BR branch staff told you that?

I've posted in FD thread before, the limit is 50K & I know for sure that this limit is in force since early last year. So, 50K is not a new limit.

Tarak quality & inadequate knowledge punya staff...