How do i eligible to entitle for 6% rate?

The 6% p.a rate is only applicable for the 12th month. It's just a marketing gimmick.

The overall effective (average) interest rate for the programme is 3.85% as stated clearly.

Ya loh.. .. Warrior..
At that time worried this and worried that... ...But the 2 primary reasons were the 5 year tenure and no guts loh..

Oh..you answered it right to your question..
If I can remember correctly, the MBSB 5 years rate was quite fluctuating at that time..

If we place at 4.7% now, it could raise to at least 4.8% next year.. I think this is possible if based on MBSB's style and old
data.. Ha ha...

Ai yah.. one of the reasons is I cannot get leave to go lah.. Warrior..

Out of curiosity, during the 97-98 financial crisis, did you lump sum show hand into FD or buy stock?

During that spell, banks offered high FD rates yo...


I do not have the exact chronicle of MBSB's 5-year FD rate, so can't comment on the fluactuation part.

However, I do know that I will not hold my $$$ to wait for a hike in IR from MBSB. MBSB can take its sweet candy time to revise the rate wor & the longer we wait, we squander more on our $$$. There will be hits & misses. Can't have perfect timing everytime lo My way of play la...not to say is perfect, just sharing Your money, you call the shot...

So, when do you intend to place your FD? Wait until next year or this December?


Oww...no wonder la

6% is only for one month. I dunno how they market that promo but most of this "Step Up FDs" will say that you can get UP TO highest % p.a. to trick people into thinking theirs is the best.

It comes with Terms and Conditions and the T&C for this is that you will have to lock up your funds for 12 months. It will be given the interest rate as stated and only the last month will be entitled to 6%. After you complete the 12 months, the average interest rate you will be getting is 3.85%.

So that mean if i deposit 10k and let it running to complete 12 months than i end up getting fully paid of 3.85% rate which is rm385 right? So when the 6% rate come in action??

Yes, you will get average rate of 3.85%.

The 6% is for the 12th month of that 12 months. Only that month you get 6% per annum.

i want to ask, i am chinese.. those like maybank got online efixdeposit..
if apply those got islamic n conventional..
islamic 1 higher a little.. 3.4 and convention 3.3..
can i apply islamic?

1more thing, pbb got 4% now.. abit tempting..
other bank higher but lazy open an acc in other bank.

This post has been edited by eddie2020: Sep 9 2014, 05:53 PM

yes, chinese can apply for islamic fd too

Since BR stopped issuing banker's cheques, they did an IBG transfer for my matured FD to my CA in another bank but the monies cannot be used until after 6pm today - so cannot placed new FD for today!

Why does it take so long (945am till 6.00pm) to credit the monies?

I got 11% p.a. for 1 year FD from EON bank during that time, .. but did not buy any stocks at all..
How about you..?

This is true, nothing is perfect.
You still have at least 3 months time to observe and decide..

I am thinking to wait for 6 months from now.. So this means I am hoping MBSB
will revise their 5 years rate within 6 months; if the 4.7% no raise within 6 months, then
I will just go ahead to place 4.7% in 6 months later.. I am going to take this gamble..Warrior..

This post has been edited by BoomChaCha: Sep 9 2014, 09:12 PM

This is too bad..

IBG transfer time. Please double click to enlarge the picture:


From CIMB website:
https://www.cimbclicks.com.my/transfer-funds.html

This post has been edited by BoomChaCha: Sep 9 2014, 09:04 PM

Meaning from month 1 to month 12, i will get 6% rate at month 12 right? Together with 3.85%? I still dont get it

TQ. Next time have to be very early, before 930am, assuming banks open at 9am???

This post has been edited by giko: Sep 9 2014, 09:44 PM

mind asking, if non-islam can apply, what is so islamic about this fd?

something like this:
http://en.wikipedia.org/wiki/Islamic_banking

All banks open at 9.30am, I have never heard of any banks open at 9.00am...
So it seems no way to receive money via IBG on the same day...??

But please try to look at CIMB table one more time, take a look at the top
side of the below picture, it stated Instant Transfer from
all savings & current accounts, does it mean that we can deposit the money
from matured FD to our Bank Rakyat saving account, then use Instant Transfer
feature to TT money from our BR saving account to our recipient bank accounts
so that our recipient bank accounts can receive the money on the spot?
But not sure if BR has this feature or not..?

Public Bank Saving Account Extra 1% Promo - Valid from 1 Sept until 30 Nov 2014



This post has been edited by BoomChaCha: Sep 9 2014, 11:54 PM

Why not you go to Maybank and ask the staff to explain to you? I don't think you will get it no matter how we try to explain.

from month 1 - 11 you get lower rate. ONLY on the 12th month you get 6% Per ANNUM/YEAR.

EFFECTIVE RATE (which is average of all interest from the 12 months) is 3.85% PA.

in short, if you put 10k, you get Rm385 interest Per ANNUM/YEAR. Forget about the 6% thing if it confuses you.