That is their board rate for 15 months.

PB 8.88%? Please explain more.

Can't compare BR rates with other banks.

I also close my Smartsavers already leh.

You dowan open there only haha.

PB Step up FD

http://generationsxyz.blogspot.com/p/fixed-deposit.html

http://3.bp.blogspot.com/-A2uxYpHUgjg/U5Gj...ember+2014e.jpg

This one? 8.88%?

https://www.pbebank.com/Personal-Banking/Pr...r-FD-Rates.aspx

This post has been edited by OMG!: Jun 9 2014, 08:41 PM

Dont be conned by the 8.88%. It's a step up rate and i believe the effective rate would be much less than 3.75%

I am referring to https://www.pbebank.com/Personal-Banking/Pr...r-FD-Rates.aspx

But the step by FD din specify min amount of placement.

I just calculated the other one that did not show any 8.88% earlier, effective rate if I didn't calculate wrongly is around 3.53%.

As for this one, effective rate is 4.33% for FD as advertised but 20% in SA. So if SA got no interest and if I calculate correctly, effective rate is actually 3.46%.

Minimum and maximum placement is clearly stated there ma.
Minimum 24k in FD, 6k in SA.
Maximum 2.4m in FD, 600k in SA.

It's a way to complicate matters by the bank. i did a brief calculation, i dunno the prevailing SA rate, but even if the 20% SA gives 1% interest pa, the effective rate is less than 3.7%

PBB Plus SA Interest Rates

PLUS SAVINGS ACCOUNT - effective 1 March 2014
Range Nominal Interest Rate (% p.a.) Effective Interest Rate (% p.a.)
First RM3,000-00 0.00 0.00
Next RM7,000-00 0.10 0.10
Next RM40,000-00 0.20 0.20
Next RM50,000-00 0.50 0.50
Next RM400,000-00 0.70 0.70
Next RM500,000-00 1.00 1.00
Above RM1,000,000-00 1.20 1.20

Less than 1%, hardly anything lol. OCBC Smartsavers better.

Haha! So i think the effective rate would be less than 3.5% actually. Perhaps many people dont understand this and would be attracted by the 8.88%....

Yea, say based on the minimum amount of 30k. 6k is put into SA.
First 3k no interest, 2nd 3k is at 0.1% p.a. That's like RM3 per year. Based on my previous calculation, add in the RM3 makes out an effective rate is 3.47% p.a.

I always prefer straight FD promotion. Those step up rates and those FD/SA tie up, the rates are normally lower than most people perceived it to be.

You guys did not survey enough.

Best EVER Savings account is Maybank eSaver-i,
Interest of 0.4% less than 2k,
2.1% for less than 20k.... or
2.3% more than 20k...


Best FD at the Moment. (ALL are PIDM insured)
1. Maybank 1mth FD is 3.20%PA
2. Short Term is Standard Chartered is giving 3.5%PA for 6mths.
3. HLBB is giving 3.63%PA effective for 12mths. Min 10k.

Calculate the effective rates.. not the Stupid Promo rates of 8.88% for certain conditions & months.... when effective/average rates turn out to be 3.0%...

BLR is going up next month perhaps 0.25% ... That's why, don't place long term yet... I place a few hundred K in Maybank 1mth FD of 3.20%, to be move to another higher level next month.

Good Luck...

Ha ha..Sorry for my late reply.. too much work recently
Yes, I received all mubeen's dividends on 1st of June.
I noticed BR credited in between 6.45am to 7.00am on 1st June

Don't forget to get the BR's ATM COOP card, you just need to pay one time fee RM 8.00;
and you can put joint name on the ATM card if you wish.

With this ATM card, you can access to iRakyat.com.my internet banking to view all your
accounts and all transactions, and you can IBG fund from irakyat which cost you only 10
cent per IBG, but limit to RM 5000 per day.

Can share which branch offers better FD rate?
The gifts are not so valuable la, I suggest to go for the better rate..

Hu... very good deal, but the down side is that it limits to RM 50K.

Affin Saving Account Interest Rates
http://www.affinbank.com.my/General/Rates/...rest-Rates.aspx

Affin Gold Saving Account Interest Rates
http://www.affinbank.com.my/Consumer-Banki.../AFFINGOLD.aspx

In between RM 20K to RM99,999.99, Affin saving account offers 2.8%

Affin Saving Account Interest Rates
http://www.affinbank.com.my/General/Rates/...rest-Rates.aspx

You missed OCBC's 3 months FD:

Option 1: - Effective rate maximum 3.6% (But usually should be slightly less than 3.6%)
50% put to FD at 4.3%
+
50% put to Smart Savers to get maximum 2.9%


Option 2 - Effective rate 3.67% (approximately)
50% put to FD at 4.3%
+
50% to Premier Save Gold to get 3.0x%

Note:
Premier Save Gold is a saving account, it requires minimum RM 200K to open and
minimum RM 100K to maintain in the account.

This post has been edited by BoomChaCha: Jun 10 2014, 12:07 AM

Is this more worth?

https://www.pbebank.com/pdf/Promotions/tc_pbstepup.aspx

I remember a while back there's a new saying bnm gonna revise the blr by at least 0.25% in June/July right?
Hmm.. This make me think that interest rate for FD gonna up a little.
How do u view on this matter? Perhaps bank might revise the effective rate to 4.0%?

I got a few maturing this month. Was with affin normal fd @3.6%

Was thinking same as u, put one month fd in maybank and see how's the promotion/rates gonna take.

Imo, current best for 12 month is HLBB.

As usual.. I like Maybank because I transfer a lot to other MBB accounts holders. So its faster and free. The amount of cash sitting in the account is less than 50k... Anything more will be in FD... So MBB savers will serve me well. You can even do eFD online.

Affin pays slightly more, but in my case, the 10cents per GIRO and waiting time for others to received the money is not acceptable.

PBB effective rates are a JOKE.... Best place in OCBC or HLBB.

If u want the best rates for long term... PUT into KWSP... Max is RM60,000 per year at 6%, no one can beat that.. Its guaranteed also by the Government...

No all can put fund to EPF via self contribution.