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Fixed Deposit Rates in Malaysia V6.1, Please Read Post #1
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idoblu
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 Jun 20 2014, 10:08 AM
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I have a few 12 months FD maturing in July. According to the bank, after they are automatically renewed, I can withdraw them after 3 months without any penalty. Just not sure after 3 months is the pro-rated 12-months rate or dropped to 1-month rate.
With the OPR going up, I wonder if I should convert them to 1-month FD or let them renew another 12 months?
Thanks in advance for your advise
This post has been edited by idoblu: Jun 20 2014, 10:15 AM
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idoblu
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Jun 20 2014, 10:29 AM
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plumberlybbgoat
thanks for your insight
I will go check it and probably convert them all to 1-month
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idoblu
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Jun 20 2014, 11:32 AM
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munkeyflo thank you aunty flo 
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idoblu
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Jun 20 2014, 12:19 PM
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QUOTE(bbgoat @ Jun 20 2014, 11:54 AM) Watchout the way you address our Top Flo !   Oops....Aunty Flo does sound a bit .....nevermind.....  A thousand apologies to munkeyflo  |
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idoblu
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Jul 10 2014, 07:33 PM
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If rate increase, will they automatically give me more interest when it's auto-renewed?
Summoning sexpert munkeyflo
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idoblu
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Jul 10 2014, 07:38 PM
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Meaning yes? Sapport BLR increase !!  |
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idoblu
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Jul 10 2014, 09:20 PM
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QUOTE(bbgoat @ Jul 10 2014, 08:51 PM) The auto renew will be at board rate at the time of renewal. By the way, you are calling sexpert munkeyflo ....................Typo or .............. I no typo typo wan |
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idoblu
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Jul 10 2014, 09:27 PM
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QUOTE(bbgoat @ Jul 10 2014, 09:25 PM) I guess so .......................... you sexist robot. FD rate going up soon ..................  Yay! But like you'd said, usually for FD they slow slow increase. If loan, tomorrow naik |
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idoblu
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Jul 11 2014, 04:03 PM
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QUOTE(aeiou228 @ Jul 11 2014, 04:01 PM) You r so happy for OPR increase  But house owner with housing loan and business owner with business loan are not so happy wor. I think my car loan is fixed....so pls increase more Just came back from bank converting my 12m FD to 1m. Sigh.....still 3.05%  |
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idoblu
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Jul 11 2014, 04:15 PM
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QUOTE(bbgoat @ Jul 11 2014, 04:11 PM) Last month I did 1 month in CB at 2.8% ................... Why so low?  |
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idoblu
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Jul 11 2014, 06:04 PM
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QUOTE(BoomChaCha @ Jul 11 2014, 05:59 PM) Why you support BLR increase leh?  Hoping that FD rates increase too |
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idoblu
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Jul 18 2014, 05:06 PM
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QUOTE(davinz18 @ Jul 17 2014, 08:24 PM) Affin Bank Fixed Deposit Interest Rates (Counter w.e.f 18/07/2014)1 month 3.25% 3 month 3.30% 6 month 3.40% 9 month 3.50% 12 month 3.70% http://www.affinbank.com.my/General/Rates/...osit-Rates.aspxRHB Bank Fixed Deposit Interest Rates (Counter w.e.f 18/07/2014)1 Month 3.15% 3 Months 3.20% 6 Months 3.25% 9 Months 3.35% 12Months 3.45% 18Months 3.55% 60 Months 3.60% Yippy 3.25%  |
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idoblu
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Aug 1 2014, 04:56 PM
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guys and aunties sekalian, I noticed that the bank always gives me 1 cent less in interest. For eg. Let's say my 1 year FD is 3.6% and the amount deposited is 5k. At the end of the term, If I withdraw cash, they will give me 5180.00 but if the amount is transfer to my savings acct, it shows 5179.99 why liddat har? |
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idoblu
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Aug 1 2014, 05:07 PM
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QUOTE(BoomChaCha @ Aug 1 2014, 05:03 PM) I think the correct interest payment is 5179.99. Bank pays you cash 5180.00 because it round up from 5179.99. So you untung extra 1 cent when withdraw cash.. Is it? Is it because my calculator not enough decimal or anything? Sorry I failed maths |
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idoblu
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Aug 1 2014, 05:15 PM
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QUOTE(munkeyflo @ Aug 1 2014, 05:10 PM) Unker, 1 cent only laaa.  Withdraw cash 10 times then can untung 10 cents edi Serious note: I dunno. They calculate by days wan. Or yea maybe your calculator need to set to unlimited decimal. Where got calculate by days? Depends on how many months ma.... I know 1 sen, I just curious only.....  |
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idoblu
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Aug 1 2014, 05:26 PM
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QUOTE(BoomChaCha @ Aug 1 2014, 05:16 PM) Ha ha... I am pretty sure it is a round up to even cash 5180.00. You expect bank to give you 9 cent coins from 5179.99? Firstly, is the interest 180 or 179.99? All my calculators including my fingers and toes shows 180 wor... |
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idoblu
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Aug 1 2014, 05:28 PM
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QUOTE(munkeyflo @ Aug 1 2014, 05:17 PM) Each month got different number of days ma. I usually just agak, roughly the same can already. But this is a one year FD...is this a leap year? |
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idoblu
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Aug 1 2014, 05:39 PM
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QUOTE(munkeyflo @ Aug 1 2014, 05:34 PM) Err. One year then is straightforward wor. Like that I also dunno liao. I think your calculator not enough decimals. Can lend me your calculator? The other day I went to redeemed another 1 year FD to change to 1 month period, the one cent less thingy also came out. But when they gave me the new 1 month FD, they added back the one cent so it's not only cash that you get the one cent..... |
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idoblu
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Aug 1 2014, 05:42 PM
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QUOTE(BoomChaCha @ Aug 1 2014, 05:40 PM) Rm 5000 /100 x 3.6% = RM 180 RM 180 / 365 days = RM 0.493 interest per day # RM 0.493 x 365 days = RM 179.99 total interest Niasing lah, that means the bank's calculator got not enough decimals, not mine!  Where can liddat? 180 / 365 is 0.49315068 This post has been edited by idoblu: Aug 1 2014, 05:43 PM |
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idoblu
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Aug 1 2014, 05:54 PM
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The other day I was at CIMB, I look thru their TV screen for their latest FD rates. It says 1m=3%. Now I found out it is 3.25%
So what reasons do I have to move my money to Affin? Same rates now....
I do hate how CIMB's FD cert is tissue thin.....hmmm...
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