MBSB 4.15% 6 months FD Promo, valid from 7 Oct to 31 Dec 2014

80% to FD, 20% to Mudharabah General Investment Account-I : Saving-i.
Min RM 10K



This post has been edited by BoomChaCha: Oct 30 2014, 12:01 AM

Banks have the right to ask for the source of money, if:
(1) Deposit cash more than RM 50K
(2) Deposit check more than RM 100K

If cannot answer or explain the source of money, then bank will send the money to Bank Negara..

6 months.

http://www.mbsb.com.my/misc/TnC_SuperbDeal.pdf

I suggest to forget about this promo..
Usually MBSB FD promos are very lousy..

Thanks for the latest OCBC FD info...
It has updated on Post #2

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No harm to have a look..

Ah Sir.. .. Why this time you did not negotiate with BR to get a better rate..?

I think you need to request BR to pay you up-front interest (instead of monthly interest) as posted by leo_kiatez..

Thanks for the info..
So this should be called "The Return of BR"...

This time BR comes back to hit the FD market with a tornado..
Just offers up-front interest strategy then "Gao Dim".. Really steady..!!

This post has been edited by BoomChaCha: Nov 12 2014, 08:00 PM

Yes, now I remember you said about no nego last time..


This question needs to check with BR...

Yes.. I remember

Oh.. If only pay up to 6 months up-front interest..then BR is not sincere to offer this promo..
Then BR strikes back with small rain only, but not tornado..

My BR FD will mature on 6 Dec (Saturday), but the maturity date is printed as 8 Dec (Monday) under Tarikh Matang on
my FD cert.

Boss, this "revised" promo is the same FD promo like you had reported on 29 October..
Last time you also mentioned: Effective rate is 4.06%. Min Rm 10k ..

I think this promo is standardized for all branches since it is posted on BR website.
Where did you find the promo link? I cannot find it from BR website..?

I think no need to waste time on this emas promo since the FD rates are not attractive..

This post has been edited by BoomChaCha: Nov 13 2014, 01:36 AM

Oh.. now only noticed that need to scroll down the BR main page then can see more info..Thanks..

Thanks for calculating the effective rate.. really steady..

More than a month ago, I requested SCB to change my Instruction 1 to 3 just by signing a request form.
SCB said this whole process would take about a month to complete.

Then one month later, I went to SCB and I was hoping that to get a new FD cert with Instruction 3 printed on it,
but when I arrived there, the FD cert was not updated, SCB promised would do it in 2 days time.

2 days later, I called the SCB leng lui to make sure if the new FD cert can be picked-up or not, she did not answer
to my phone, then sms her also no reply. Then I went to the SCB on the same day to find out the answer.
When I reached SCB, SCB still has not updated my FD to Instruction 3, I was quite mad and I requested to see the
branch manager.

Branch manager came out with blue dress suit, he promised this could be done within 2 days. I said I gave him one week
to do it. So let's see if I can get it next week or not...

Captain.. what is AWOL..?
What proposal..? Please don't scare me lah... I am just a village old man..

Aiyo..
Yes Sir, Five Stars Admiral..
Under your command, I will do my best job to update FD info on Post #2..

okuribito's idea is a good idea..

Let's start from here now, will post it on front page...

Banks that pay interest for non-working days
OCBC
Bank Rakyat
UOB

Banks that do not pay interest for non-working days
May Bank
Ambank
RHB

Thanks for checking it out..
Only limit to 6 months tenure at 3.65% has no meaning lah..

SCB service is normal.
Next time better to place FD in regular counter rather than RM will make life easier.

This post has been edited by BoomChaCha: Nov 14 2014, 12:01 AM

I think this depends on which staff serves you, some are professional and some are bad.
I do not like the service in one particular AM Bank branch and another RHB branch.

About OCBC, I had an experience that when I wanted to close my Premier Save Gold account,
the customer service leng chai with nice blue dress suit was grumbling to me and he said like this to
me: "You opened this account only 3 months? Now you want to close it? You give me work to do..?"
---- Was he Rude or not..?

Affin Bank charge RM 5 for Rentas (was RM 9 not long ago), and charge RM 2 for IBG.

I guess Rentas fee is RM 5 standard for all banks now.

This post has been edited by BoomChaCha: Nov 14 2014, 08:34 PM

Welcome back again to this forum.. .Jeff

Yes, 3.80% for 3 months is quite competitive, but it ranks second best lah so far.. .. because
RHB offers up to 3.95% for 3 months as just reported by our 5 Stars Admiral & Captain...

Banks that pay interest for non-working days
OCBC
Bank Rakyat
UOB
May Bank (Need to remind May bank staff to add interest)

Banks that do not pay interest for non-working days
Am Bank
RHB
Standard & Chartered Bank

Bank that non-voluntary credit interest unless appeal
Public Bank (Need to complain to BNM then only pay interest)

This post has been edited by BoomChaCha: Nov 14 2014, 08:55 PM

Thanks for the info. Quite surprise Public Bank does thing like this, very unprofessional.
Next time we just need to becareful when placing FD with Public Bank.

Yes, can.
Can withdraw the FD before maturity or even upon maturity if one person is pass away, but provided
banks do not know the death news.

If banks know one person is pass away, banks will freeze all this dead person accounts, including
joint account with another person that who is still alive.

So, if one person is dead, never inform the banks that the person is pass away before
all his (dead person) money is fully withdrawn.

And don't advertise the condolence message on the newspaper. I know May Bank is working hard every
day to check on the condolence messages on all newspapers.

This post has been edited by BoomChaCha: Nov 16 2014, 12:53 AM

Currently the Births & Deaths Department does not link to the banks, so once
they do this in the future, all deceased individual bank accounts (including joint accounts)
will be frozen immediately.

So the best and proper way is to prepare a will. But this except KWSP, KWSP
does not honor or recognize will. KWSP only recognizes when we put down the list of
beneficiary in our EPF accounts/records.

If no will is prepared, then go to Amanah Raya (cost about from 1% to 4% fee of the total
value of assets), or Pusaka Land Office which will charge less than Amanah Raya.

In conclusion, it is better to put our FDs in joint accounts with either one to sign.

Yes..I know..

Now our society has changed... Banks hire many fresh graduates that do not know how to communicate with
customers effectively.
Bank staffs during 1950 & 1960 were more professional and polite..


Yes, Ah Sir Young Magic (Instead of Uncle Magic for temporary). Will post it on Post #2.
Version 8 is your turn to take care of Post #2

MBSB FD promo are usually "Lao Kiap"..

Yes, I can log-in irakyat..You can try now and see..

Ya loh.. I think it is better to place not more 1 year tenure now unless if the FD promotion is very fantastic..
I am still hoping there is another OPR increase soon..
Economists said next OPR hike should be in between June to December of 2015..


I do not know yet lah.. Warrior..
We still have 2 weeks to observe the FD market.
I have headache every time when FD maturity date is approaching

Yes, BR irakyat is very convenience to use.
Last time BR credited FD monthly interest right after 12.00am; but now they credited monthly interest at around
7.00am.

Warrior, you can get joint account for Coop card.
My Coop card is joint account, it cost me RM 8 for one time fee.
I think if your FD is joint account then you should be able to get your Coop card in joint account.

Ah Sir Ah Goat's BR Coop card is also joint account, Ah Sir Goat..can you confirm?

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Michael, Thanks for the latest AM Bank FD info

Do you have any idea what a AmSignature is..?

Many FD promo lately..Really kepala pening...

This post has been edited by BoomChaCha: Nov 18 2014, 02:37 PM

Ha..?
Am Bank in Sri Petaling did not give me anything when I placed my FD there about 2 months ago,
even I asked for it more than 2 times..

And the service there is not professional nor friendly, next time I will not place FD in Sri Petaling branch anymore..

This post has been edited by BoomChaCha: Nov 18 2014, 03:10 PM

Last time a leng lui (I think a Sabahan) who in charged of the FD teller counter in Sri Petaling branch was very nice and polite.
Since she left, the service is getting worst.

I signed a lot of forms when I placed FD there, but forgot did I sign any AmSignature form or not?
But I got extra 0.05% at that time.

What Deputy TS..? No such title lah...
Please get yourself ready to in charge Post #2 in Version 8, Young Magic..
Can you use Excel spreadsheet to make a FD summary..?