BCC,
My place tarak KFH branch

Finally BR has revised its FD rates...surely will raise some excitement in the FD scene. You sudah pumped up or not?

IBG is for transfer between saving accounts.. If it works, that would save the hassle to issue cheque/bank draft for FD deposit & wait for cheque clearance. Transfer fund over counter is called RENTAS, if I am not wrong & the charges are diff.

This post has been edited by leo_kiatez: Oct 28 2014, 10:50 PM

You can perform GIRO over the counter too and same time schedule as per online applies.

For online transfers, only RM10K.

Thanks. But what is "Musical Chair"? Haha..new to this post, no idea all those terms..

I disagree. Those (like me) placing minimum amount of RM10k, the petrol and time we spent is a significant percentage of the returns, while those placing RM100k or above, those concerns much less.

Oic, thanks.. 1.) Do the same charges RM0.10 applied? 2.) Do without having a Saving Acc at the Giro Bank also can perform "Giro Over the Counter" to the recipient Bank? 3.) Can perform Giro >RM10k/ per day at counter?

This post has been edited by leo_kiatez: Oct 29 2014, 09:39 AM

I agree with you about traveling cost but put it this way Bro, when CALCULATING the BASIC FD effective yield, amount of FD is not needed.
After you get the effective rate, only then you compare your traveling cost against the interest earned to check whether if is worth it.
I don't know how to form an extended formula which include traveling cost and amount of FD. Perhaps you can help to put in the two variables in the formula I suggested earlier and see if we can improve it further.

This post has been edited by aeiou228: Oct 29 2014, 09:44 AM

haha, click here to FD Tread V3 and see post#3.

Haven't been updating the member list for a long time.

Basically the members who contribute valuable information here can be classified into 2 categories:

1. FDMCGC - Fixed Deposit Musical Chair Gamers Club - go see the member list and you will note some familiar names who have been contributing to this thread for years, e.g. gchowyh, aeiou228, MGM, gsc, BoomChaCha, Kaka23, nomen, sylille, bearbear, David83, magika, AVFAN, bbgoat, Human Nature etc.

As for BoomChaCha's hard work - he shall be rewarded/elevated to Deputy President/COO of this thread (Admiral of this Thread), only below Cherroy (Honorary Advisor), MilesAndMore (President) and our newly appointed MOD the darling and ever helpful munkeyflo (newly appointed Advisor).

I must go update the list.

So basically, Fixed Deposit Musical Chair Gamers Club members are FD Promotions Chasers where it is like playing musical chair, Our funds will go round and round (bank to bank) and when the music stops (FD maturing or new funds to deposit), we try to grab a seat (FD Promotion) before someone else (quota finished/promotion habis).

2. FRMONBWFDP - Freaking Rich Members Or Not Bothered With FD Promotions but contributors to FD Thread.

This post has been edited by Gen-X: Oct 29 2014, 09:46 AM

Good jobs guys..really appreciate the effort that contribute those info..really save a lot of times to travel to each bank to find out the latest promotion..

Captain, I thought there was one or two listed in FRMONBWFDP previously ? Can't recall who already.

BoomChaCha memang cucuk for Admiral rank in this thread.

Thanks for the interesting formula to calculate the effective rate.

The individual need to factor in other factors like FD amt, lost of interest, efforts needed etc to decide for themselves if it is worth it to terminate the FD.

Below are the 3 names in FRMONBWFDP back in 2012:

gark - major contributor to FD Thread rclxms.gif
guy3288 - the smartest of all, lock in long term at high interest rate
BboyDora

I only know guy3288 well enough to comment that this is a big investor, active in other financial threads like ASNB fund (which I just join in recently).

Now I understand the meaning of "Freaking Rich Members Or Not Bothered With FD Promotions but contributors to FD Thread" !


This post has been edited by bbgoat: Oct 29 2014, 10:41 AM

Thanks for all the advice given. But I was hoping to get the 1 month FD interests first before withdrawing and re-deposit it.

From what I recall, HLB Junior FD is allow to perform partial withdrawal which I believe includes full withdrawal without penalty?

Called to MBB asking about FD promo.

For previous 3 mth 3.87% promo, this is over. Only left 3 mth 3.7% promo.

12 mth 4% upfront interest FD still available but better hurry before it close shop. Min 25k.

Another FD promo is 6+9 mths with 3.85%+4% interest. Did not ask more details as not interested in this one.

Going for the 12 mth 4% upfront interest one as it can give effective rate of 4.16% if you make use of the upfront interest into another FD of about 4%.

I missed above the above post earlier.

Over the Counter charges varies but it is about RM2 per transactions. As to your question - "If you don't have Savings Account (or Current Account) can perform GIRO" - I don't know. And yes you can transfer RMXXX,XXX.00 and if not mistaken someone mentioned before more than this via GIRO over the counter. We have in the passed talke about GIRO and RENTAS.

Once again, click here to my article A Little Bit Of This and A Little Bit Of That Vol.1 Chapter IV and scroll down to sub section "InterBank GIRO or IBG Transfer via Over The Counter" to learn more about my experience with GIRO over the counter. See, that is why I published articles relating to credit cards and FD so that I can easily provide in depth info over and over again without me need do explain the same thing over and over again, hahaha.

This post has been edited by Gen-X: Oct 29 2014, 11:51 AM

Unfortunately noticed some prominent members have not post for quite some time.

Then Gen-X be General X, match with his "Gen"-X !

Is everyone eligible to be part of the musical chair member?

Haha.. Thanks alot for the fruitful info, Captain.. ^^

RHB has this 50k FD placement which gives gold plated goat figurine.
Ok ar?

Need to put same amount of FD into CASA.

means the 50k minimum must be put into my current account?
Or I need to put 50k in FD and another 50k into current account?