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 Fixed Deposit Rates in Malaysia V6.1, Please Read Post #1

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munkeyflo
post Apr 16 2014, 07:25 AM

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Updates from OCBC staff this morning

🎉OCBC FD Promotion🎉

*MUST be Fresh Fund*
*Promo until 31 July 2014*
*T&C applied*

A. Pure FD (18m = 3.87%)
B. 50% Saving + 50% FD (3m = 4.30%)
C. New Premier (3m=5.50%)
D. Invesmt Deal (3m=5%)
munkeyflo
post Apr 18 2014, 05:33 PM

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QUOTE(tifosi @ Apr 18 2014, 12:14 AM)
Other banks beside Affin should be able to do so I guess?
*
No such issue with UOB or OCBC so far.

QUOTE(tpooyee @ Apr 18 2014, 08:00 AM)
New premier refer to newly join premier member or existing premier member put new fund?
*
I'm quite sure it's referring to newly join premier member.
munkeyflo
post May 26 2014, 11:00 AM

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Maybank FD promo effective rate 3.55% for 6 months. Tiered up to 5.6% I think. Minimum 10k for individual account. Valid from 23/5 to 30/6.
munkeyflo
post May 26 2014, 12:35 PM

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QUOTE(bbgoat @ May 26 2014, 12:27 PM)
Thanks Top Flo, did not hear from you for a while. Counting $$ like BCC ?  tongue.gif

Any link to the MBB promotion ?  Thanks notworthy.gif
*
Haha. No la. Have been traveling and busy for the past few months so didn't check out the FD promo/rates also.

Unfortunately, I don't have the link. Received call from one of the Maybank officer this morning to inform me about this. Maybe someone else can provide the link or leaflet to it.
munkeyflo
post May 26 2014, 12:52 PM

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QUOTE(faradie @ May 26 2014, 12:48 PM)
Called MBB Branch and details are:

Promotion period: 23/5/-30/6
Min funds: $10,000
Interest: Paid on maturity
Period: 6 months
Interest average is 3.55% based on flg:
1-2 months  3.1%
2-4 months  3.15%
5th month    3.2%
6th month    5.6%
*
Yes, that's the same one. Thanks for sharing. smile.gif
munkeyflo
post May 26 2014, 08:18 PM

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QUOTE(cybpsych @ May 26 2014, 03:05 PM)
ahh dang, i put my fund to maybank's 6-mth eFD (about 3.14% pa, indicative) in March, maturing on Sep.

based on this promo rate of 3.55% pa, difference with eFD is just about ~RM20.
*
~RM20 or so. Save the hassle la. Wait for next promo. biggrin.gif
At least it's not a difference by the thousands.
munkeyflo
post May 26 2014, 10:29 PM

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QUOTE(bbgoat @ May 26 2014, 10:06 PM)
Only Top Flo will bother with thousands .................... drool.gif

People like us bother with much smaller sums, tens, hundreds ...................... tongue.gif
*
Haha. No la. Now the more convenient the better. laugh.gif

FD promos like very quiet these days.
munkeyflo
post May 29 2014, 12:45 PM

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QUOTE(BATMAN99 @ May 29 2014, 12:41 AM)
Hi everyone, I'd like to ask a question here.

I am a Maybank user, currently already have a fixed deposit account created under my name (with physical FD certificate).

If now I were to create a eFD at m2u, will it affect my existing fixed deposit account (such as will it pandai-pandai debit from my certificate balance and disturb the maturity)? And how do I make the initial placement to my eFD?

Secondly, if I convert my existing ATM card to Debit card, will the balance shown in my account at ATM inclusive of my eFD balance?

Thank you.
*
eFD and physical FD is separate accounts. It will not affect each other and the amount will not be lump up with each other. Each FD placement is separated from another. Say you have 3 physical FDs, each amount and maturity date is independent from the other. It could be placed under the same account number but each FD is different.

Just create an eFD account and start placing eFDs on M2U, very simple only.

FD or eFD amount will be in your FD account, not in your debit/ATM card. Debit/ATM card only shows available balances.
munkeyflo
post May 30 2014, 03:41 PM

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QUOTE(BoomChaCha @ May 30 2014, 03:40 PM)
OCBC 18 Months FD Promo - Effective from 30 May to 31 July 2014

First 12 months: 3.6%
Subsequent 6 months: 4.00%

Effective rate: 3.73%

Minimum fresh fund: RM 10K
Maximum fresh fund: RM 5 Mil
*
That's the same as the combat inflation deal as above right? So it's for all branches? Looks good.
munkeyflo
post May 30 2014, 03:49 PM

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QUOTE(BoomChaCha @ May 30 2014, 03:46 PM)
No, they are different. Last promo is better.

Last time it called Combat Inflation Deal.

Last time 18  Month FDs promo (this promo is still available in Ampang Branch only I guess):
First 6 months: 3.6%
Subsequent 12 months: 4.00%

Effective rate: 3.87%
*
Ahh. the 6 and 12 months is the other way round. Miss out on that. Tricky. So it's slightly lower now, but still alright la I guess.
munkeyflo
post May 30 2014, 04:02 PM

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QUOTE(faradie @ May 30 2014, 03:47 PM)
Only thing I dislike is you don't get paid interest until after 545 days. Ok for small investment but a no no to me for large sum
*
Suitable for those who are able to put away the funds for a long period of time and don't wanna think about it until 18 months later. laugh.gif
munkeyflo
post May 30 2014, 04:08 PM

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QUOTE(bearbear @ May 30 2014, 04:05 PM)
First 12 months interest will be included for 4% on subsequent 6 months?
*
Yea, this one got? If not mistaken, previous promo will include the first 6 months interest for the next 12 months right?

QUOTE(bbgoat @ May 30 2014, 04:06 PM)
Tricky, OCBC reversed their promotion rates. Anyway OCBC location NG for me.
Suitable for people like BCC (has 5 yrs FD in BR) and others like Millionaire Guy .................. tongue.gif
*
BR still will give monthly interest right? laugh.gif
munkeyflo
post May 30 2014, 05:12 PM

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QUOTE(Human Nature @ May 30 2014, 04:44 PM)
Just obtained feedback from OCBC. They have corrected the online banking page and it now shows the correct tenor: 545 days  smile.gif
*
6540 months?? Lol. Won't be able to live that long also haha
munkeyflo
post Jun 3 2014, 02:08 PM

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QUOTE(wingchan12 @ Jun 2 2014, 08:33 PM)
From T&C:

"Only new placement of fresh funds (funds from other banks) during the Campaign Period shall be entitled to the promotional rates during the Campaign Period."

Newbie here. Hope to get clarification from the statement above. Does that mean the fresh funds cannot be from existing MBB saving a/c?
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Fresh funds means funds from any other bank/sources other than that own bank. You will have to take out the funds from your MBB account and put it into another bank then take it out again to put in FD as fresh funds.
munkeyflo
post Jun 3 2014, 04:42 PM

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QUOTE(davinz18 @ Jun 3 2014, 04:27 PM)
Can do it on same day or need to wait next day?  hmm.gif
*
If you rentas then yes can do it same day. If you GIRO or use cheque then need to wait for it to clear lor.
munkeyflo
post Jun 3 2014, 04:43 PM

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QUOTE(Archer17 @ Jun 3 2014, 03:42 PM)
thank you. i will read 1st page again
banker' cheque as in cheque you mean?
sorry i still not know in financial or bank as this is first time i wan to in fd  hmm.gif
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Banker's cheque is obtain over the counter from the bank. Money will be deducted from your account and a cheque will be given to you in whoever name you want it to put.
munkeyflo
post Jun 4 2014, 12:01 PM

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QUOTE(harmonics3 @ Jun 3 2014, 11:45 PM)
Is e-FD entitled to this?
*
Doubt so. e-FD and over the counter FD usually have different promo rates.
munkeyflo
post Jun 4 2014, 02:38 PM

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That Maybank 6 months promo.

Promotion period: 23/5/-30/6
Min funds: $10,000
Interest: Paid on maturity
Period: 6 months
Interest average is 3.55% based on flg:
1-2 months 3.1%
2-4 months 3.15%
5th month 3.2%
6th month 5.6%

Anyone knows does this need fresh funds or not?

Edit: Called the bank already. No need fresh funds and can deduct from my CA directly.

This post has been edited by munkeyflo: Jun 4 2014, 03:18 PM
munkeyflo
post Jun 5 2014, 12:19 AM

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QUOTE(oneeleven @ Jun 4 2014, 09:25 PM)
What if you uplift an FD in cash, then re-deposit?

111
*
Depends. Last time OCBC told me got people do that, but then apparently they don't allow already now. You can try and let us know which bank if they allow you to.

QUOTE(philipcs @ Jun 4 2014, 10:52 PM)
Hi, besides Affin and Alliance Bank, any other bank pay the interest in monthly basis for 12 months tenure and pay back to Account?
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I think Bank Rakyat does.

QUOTE(harmonics3 @ Jun 5 2014, 12:13 AM)
Thanks for the info, must we go to counter to place the FD or can it be done online?
*
Have to go counter.
munkeyflo
post Jun 5 2014, 09:29 AM

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QUOTE(bbgoat @ Jun 5 2014, 07:54 AM)
There are talks of withdrawing the FD in cash, go for lunch, come back and re-deposit as new fund.  tongue.gif
Bank Rakyat will allow monthly interest for 6 months and above FD. Other banks do but with some conditions like senior FD etc.

Top Flo so active, good Flo (lo) !  rclxms.gif  tongue.gif
*
Lol laugh.gif

Last time OCBC told me got one guy withdraw from one counter in cash, take another number and go to another counter to deposit. But I think a few people have been doing that so maybe they don't allow it edi after few months when I asked them about it again. laugh.gif

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