Fixed Deposit Rates in Malaysia V6.1, Please Read Post #1
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 Jun 9 2014, 03:28 PM
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#1
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Senior Member
1,397 posts Joined: Jan 2009 From: Peaceful Island   
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Why less people here talking about BSN FD rates.
The rates are pretty high. 1 month 3.00% 3 months 3.00% 6 months 3.05% 9 months 3.10% 12 months 3.20% 15 months 3.30% 18 months 3.35% 24 months 3.40% 36 months 3.40% 48 months 3.50% 60 months 3.75% http://www.mybsn.com.my/content.xhtml?contentId=127 |
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Jun 9 2014, 03:31 PM
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#2
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Senior Member
1,397 posts Joined: Jan 2009 From: Peaceful Island
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QUOTE(bearbear @ Jun 9 2014, 03:29 PM) which 1 is 'high'? I mean the rate offered are equally high (above average) as compared to other banks.  It can even goes up to 3.75% upon 5 years deposit. |
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Jun 9 2014, 08:17 PM
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#3
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Senior Member
1,397 posts Joined: Jan 2009 From: Peaceful Island
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QUOTE(ikanbilis @ Jun 9 2014, 07:14 PM) 5 years is a long time, my friend. I have a FD account with AMbank but with interest rates 3.15%.Ambank is offering the same 3.75% for 15 months deposit and is guaranteed bu pidm. I will move my funds there where my existing fd expires. BR is offering 3.95% for 15 months, so the difference is rm250 for 100k placement. i think i will treat this opportunity loss of rm250 as an insurance for my fd. Any thoughts? Can i add additional cash into existing FD account or open a new one with 3.75% rates? |
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Jun 9 2014, 08:19 PM
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#4
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Senior Member
1,397 posts Joined: Jan 2009 From: Peaceful Island
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QUOTE(munkeyflo @ Jun 9 2014, 08:01 PM) Those rates sound like promo rates. I don't think you can nego up to those rates on board rates with 100k for 13 months. I have been locking my FD in BSN for 3 years now, with interest rates 3.3% initially the offer. Now I did not update the FD at all after 3 years, because normally FD will auto renewed right? believe the rate is still 3.3% as it was.Err, Affin Bank 12 months board rate already 3.6% wor. Lock up funds for 5 years for what.. |
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Jun 9 2014, 08:21 PM
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#5
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Senior Member
1,397 posts Joined: Jan 2009 From: Peaceful Island
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QUOTE(ikanbilis @ Jun 9 2014, 07:14 PM) 5 years is a long time, my friend. The only requirement for Ambank is RM 100,000 fresh funds as a minumum. Ambank is offering the same 3.75% for 15 months deposit and is guaranteed bu pidm. I will move my funds there where my existing fd expires. BR is offering 3.95% for 15 months, so the difference is rm250 for 100k placement. i think i will treat this opportunity loss of rm250 as an insurance for my fd. Any thoughts?  |
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Jun 9 2014, 08:30 PM
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#6
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Senior Member
1,397 posts Joined: Jan 2009 From: Peaceful Island
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QUOTE(ikanbilis @ Jun 9 2014, 08:22 PM) You need to bring in fresh fund of min 100k to take advantage of this promo rate of 3.75%. BR require minimum placement of 5k only right with 15 months of 3.95%?The other possible option is PB which need minimum 30k for 8.88%! Guess 100k is a way too impossible for me to have this fresh fund as a fresh grads. This post has been edited by OMG!: Jun 9 2014, 08:32 PM |
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Jun 9 2014, 08:33 PM
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#7
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Senior Member
1,397 posts Joined: Jan 2009 From: Peaceful Island
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QUOTE(bbgoat @ Jun 9 2014, 08:32 PM) The 5k and >6 months entitle you to monthly interest. With a 3.95% interest rates right? |
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Jun 9 2014, 08:37 PM
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#8
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Senior Member
1,397 posts Joined: Jan 2009 From: Peaceful Island
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QUOTE(munkeyflo @ Jun 9 2014, 08:35 PM) PB 8.88%? Please explain more. PB Step up FDCan't compare BR rates with other banks. I also close my Smartsavers already leh.  You dowan open there only haha. http://generationsxyz.blogspot.com/p/fixed-deposit.html |
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Jun 9 2014, 08:40 PM
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#9
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Senior Member
1,397 posts Joined: Jan 2009 From: Peaceful Island
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QUOTE(munkeyflo @ Jun 9 2014, 08:39 PM) https://www.pbebank.com/Personal-Banking/Pr...r-FD-Rates.aspxThis post has been edited by OMG!: Jun 9 2014, 08:41 PM |
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Jun 9 2014, 08:42 PM
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#10
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Senior Member
1,397 posts Joined: Jan 2009 From: Peaceful Island
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QUOTE(ikanbilis @ Jun 9 2014, 08:40 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.aspxBut the step by FD din specify min amount of placement.  |
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Jun 10 2014, 10:32 AM
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#11
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Senior Member
1,397 posts Joined: Jan 2009 From: Peaceful Island
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QUOTE(nsx88 @ Jun 9 2014, 11:23 PM) You guys did not survey enough. Is this more worth?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... https://www.pbebank.com/pdf/Promotions/tc_pbstepup.aspx |
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