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 Fixed Deposit Rates in Malaysia V7, Please Read Post# 1 & 2

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okuribito
post Nov 7 2014, 02:08 PM

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QUOTE(Gen-X @ Nov 7 2014, 10:58 AM)
Bro, fantastic rates indeed. Actually too good to be true. I would appreciate if you could triple confirm with the RHB person that SMS you that there is no CASA requirement.

Updated above to Post#1 and also added BR new rates.
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hehehe told my fren about the promo. straightaway he went & got it done, no casa bs. straight fresh fund fd rclxm9.gif now i sitting with him at nasi kandar place waiting out the rain - he buy me lunch biggrin.gif
bbgoat
post Nov 7 2014, 02:09 PM

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QUOTE(okuribito @ Nov 7 2014, 02:08 PM)
hehehe told my fren about the promo. straightaway he went & got it done, no casa bs. straight fresh fund fd  rclxm9.gif now i sitting with him at nasi kandar place waiting out the rain - he buy me lunch  biggrin.gif
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Nothing for me ? drool.gif tongue.gif
aeiou228
post Nov 7 2014, 02:49 PM

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QUOTE(bbgoat @ Nov 6 2014, 08:30 PM)
Received SMS from RHB manager. New FD promo until Dec 5. 6 mths 4%. 9 mths 4.15%. Min 50k. Note separate FD promo of 6 mths and 9 mths, not step up like previously. Rather good rate.  rclxms.gif Both promo very good except min 50k required.  smile.gif
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One of the best updates so far. Thank you thumbup.gif

My RHB 15 mths Step up FD first Q (3.48%) due today. Thought want to switch over to this promo since RHB allow uplifting every 3 months without penalty. But after counting the remaining 4Q step up FD average yield (3.68+3.88+4.08+5.38), it is much higher at 4.255%. So tak jadi switch.

From this experience, we can see how effective it is a step up FD hold back depositors with gradual rate increase towards the end of FD tenure even though withdrawal without penalty is allow every quarter.

dEviLs
post Nov 7 2014, 02:53 PM

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QUOTE(okuribito @ Nov 7 2014, 02:01 PM)
actually me no experience with it. one day a bit back was at bank & this uncle started chatting , told me about diversifying, how he got 7% pa. Got me curious & he led me to his H private banking mgr. hahaha gave me coffee & started talking about these auto-callable foreign currency equity index linked structured deposit - damn, that's a freaking mouthful for my simple mind la  tongue.gif  Anyway, i ask what is auto-callable. Was told that if the idx went up beyond a certain threshold, the bank had the right to end your structured deposit ie give you your money back lah. So I asked, do we get to earn anything if the idx go up? Well, yes & no. Only little bit lah because beyond that threshold, they will call in your structured deposit. Long story short, you don't get to participate in the idx's upside & your deposit also finito like premature ejac before maturity. So I thot why so lousy one??? summore got foreign exchange risk. hahaha too complicated for me lah

how about you? what they try to sell u?
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ya thats the whole idea that the rm trying to sell me, for me its like a medium (slightly skewed to high) risk investment, high risk return is usually those naked outright investment
but again high risk high return

i am ok with this risk appetite cos i sought to diversify my portfolio, its medium for me cos it offers higher than the convention return plus certain protection to a level, it is like a short straddle strategy that bring yields in lacklustre market but i give this a pass simply becos i dont fancy the underlying tongue.gif
TSGen-X
post Nov 7 2014, 02:53 PM

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QUOTE(okuribito @ Nov 7 2014, 02:08 PM)
hehehe told my fren about the promo. straightaway he went & got it done, no casa bs. straight fresh fund fd  rclxm9.gif now i sitting with him at nasi kandar place waiting out the rain - he buy me lunch  biggrin.gif
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hahaha, reading this thread got side benefit also

QUOTE(bbgoat @ Nov 7 2014, 02:09 PM)
Nothing for me ?  drool.gif  tongue.gif
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Bro, sad to tell you we doing charity work to make other richer, hahahaha
chintmy
post Nov 7 2014, 03:03 PM

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I went to RHB bank during lunch asking about the 4% for 6 months. No such offer...
dagdag1
post Nov 7 2014, 03:23 PM

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RHB 4% for 6 month ongoing. Attached Image
dEviLs
post Nov 7 2014, 03:38 PM

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QUOTE(dagdag1 @ Nov 7 2014, 03:23 PM)
RHB 4% for 6 month ongoing. Attached Image
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oh need to open casa for interest crediting sleep.gif
dagdag1
post Nov 7 2014, 03:44 PM

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no need, it pure FD
dEviLs
post Nov 7 2014, 03:55 PM

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QUOTE(dagdag1 @ Nov 7 2014, 03:44 PM)
no need, it pure FD
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i know casa earmark is not required to qualify for the promo but need to hustle to open casa for interest crediting as i dont have any with them
bbgoat
post Nov 7 2014, 05:13 PM

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QUOTE(aeiou228 @ Nov 7 2014, 02:49 PM)
One of the best updates so far. Thank you  thumbup.gif

My RHB 15 mths Step up FD first Q (3.48%) due today. Thought want to switch over to this promo since RHB allow uplifting every 3 months without penalty. But after counting the remaining 4Q step up FD average yield (3.68+3.88+4.08+5.38), it is much higher at 4.255%. So tak jadi switch.

From this experience, we can see how effective it is a step up FD hold back depositors with gradual rate increase towards the end of FD tenure even though withdrawal without penalty is allow every quarter.
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Ya. I also have fund tie up by this 3 mth step up of RHB. They lure us to keep it until final 3 mth of 5.38% ! drool.gif

QUOTE(Gen-X @ Nov 7 2014, 02:53 PM)
Bro, sad to tell you we doing charity work to make other richer, hahahaha
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Ya lah. Before I post it, I even double checked with RHB manager as the deal is really sweet. The best so far for 6 and 9 mth FD deals !! drool.gif rclxms.gif

This post has been edited by bbgoat: Nov 7 2014, 05:14 PM
chintmy
post Nov 7 2014, 05:46 PM

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Will have to print this out and then go to the bank... I guess they didn't notify all their staffs on the promotions.
kyenli
post Nov 7 2014, 07:39 PM

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For fresh fund purpose, would bank accept if the cheque is under someone else's name? Or must the cheque name and fd account holder name be the same?
SUSDavid83
post Nov 7 2014, 08:02 PM

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QUOTE(kyenli @ Nov 7 2014, 07:39 PM)
For fresh fund purpose, would bank accept if the cheque is under someone else's name? Or must the cheque name and fd account holder name be the same?
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Of course, the name must be same. Otherwise, how to "cash" the cheque to your FD account which is under your name?
aeiou228
post Nov 7 2014, 08:24 PM

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QUOTE(kyenli @ Nov 7 2014, 07:39 PM)
For fresh fund purpose, would bank accept if the cheque is under someone else's name? Or must the cheque name and fd account holder name be the same?
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Someone else name also can, just open a joint FD account with that someone else.
TSGen-X
post Nov 7 2014, 09:18 PM

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QUOTE(dagdag1 @ Nov 7 2014, 03:23 PM)
RHB 4% for 6 month ongoing. Attached Image
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Thank you. You are now officially a Committee Member of FDMCGC tongue.gif

Will update Post#1 with photo.

dagdag1 - can I use your image for my FD Page at my blog and will give you credit - "Posted by dagdag1 at LYN".

This post has been edited by Gen-X: Nov 7 2014, 09:23 PM
SUSDavid83
post Nov 7 2014, 09:25 PM

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QUOTE(Gen-X @ Nov 7 2014, 09:18 PM)
Thank you. You are now officially a Committee Member of FDMCGC tongue.gif

Will update Post#1 with photo.

dagdag1 - can I use your image for my FD Page at my blog and will give you credit - "Posted by dagdag1 at LYN".
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What does FDMCGC stand for?

kyenli
post Nov 7 2014, 09:36 PM

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QUOTE(David83 @ Nov 7 2014, 08:02 PM)
Of course, the name must be same. Otherwise, how to "cash" the cheque to your FD account which is under your name?
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What I meant was the cheque is not issued by myself, but maybe a friend.
SUSDavid83
post Nov 7 2014, 09:40 PM

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QUOTE(kyenli @ Nov 7 2014, 09:36 PM)
What I meant was the cheque is not issued by myself, but maybe a friend.
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As long as the name of the cheque is you, doesn't matter who is the issuer. The issuer could be a bank in the case of banker's cheque.
nubJeff
post Nov 7 2014, 09:47 PM

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Hi all,

Just an update for UOB Fixed Deposits under COMPANY level, 3 months 3.80% P.A~

Do PM me if you need more informations smile.gif

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