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

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BoomChaCha
post Sep 11 2014, 05:44 PM

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QUOTE(bbgoat @ Sep 11 2014, 05:35 PM)
Ya, the RHB manager showed me that brochure and said 4.1%. I corrected him on the CASA requirement.  biggrin.gif

I told him we have this forum where we discussed on effective rate. I have to thank bearbear for showing an easy way of calculating the rates.  notworthy.gif
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So, you hurt the manager self-respect lah.. biggrin.gif

Actually RHB had extended their FD promo until 8 September; I only noticed this FD extension in the afternoon
on 8 September, so I did not mention about it..

So now, RHB extends one more time.. hmm.gif

Attached Image
BoomChaCha
post Sep 15 2014, 12:44 PM

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QUOTE(bearbear @ Sep 15 2014, 12:31 PM)
at scb now for 15m deal, Casa need rm 20. quite crowded due to the promo
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Can you ask SCB if any gift?
If it is inconvenience for you to ask then never mind..

About 2 years ago, SCB offered Philips 42" LCD TV for placing some big amount of FD
BoomChaCha
post Sep 15 2014, 10:23 PM

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QUOTE(bbgoat @ Sep 15 2014, 05:31 PM)
Ha ha, must be really BIG BIG amount !  drool.gif  drool.gif
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The minimum requirement was RM 1 M to get the free LCD TV.

The SCB "leng chai" customer service said he got 4 FD depositors under his own
customer base were entitled for the TV..of course excluding me..

QUOTE(Gen-X @ Sep 15 2014, 09:10 PM)
To get the FREE TV back in last quarter of 2011, must deposit RM1M or was it RM750K. But heck, what is the point of a LCD 42" TV which was outdated, if they offered LED and HD maybe I would have taken it. Instead I opted for 2 Nescafe coffee makers; but never used it once and I don't even know where they are now, haha. But what I really wanted was their Visa Infinite to add to My Credit Cards Collection in 2012  tongue.gif

Anyway, that time they offering 5% for 3 months only. After the 3 months (early January 2012), I moved my funds elsewhere (if not mistaken OCBC and got another 5% for 3 months). If SCB offering 5% again, then I will bank with them again. 

I will be flying off soon, so all of you please check Admiral BoomChaCha Post#2 for latest Fixed Deposit Promos.
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Captain, this Philips 42" LCD was selling for RM 16xx in Tesco at that time.
This TV had no problem to sell it for at least RM 1300 as extra bonus via Lowyat market place, Mudah or lelong.com.my.

You should sell your 2 Nescafe coffer makers fast before they get rusty.. biggrin.gif

Hah.. shocking.gif Admiral..?? I just need to copy and paste only.....
You have a nice trip..Captain.. Ha ha... cheers.gif

This post has been edited by BoomChaCha: Sep 16 2014, 01:32 PM
BoomChaCha
post Sep 16 2014, 02:04 PM

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QUOTE(Human Nature @ Sep 15 2014, 05:35 PM)
Managed to dig out 20k and placed at SCB, 15 months promo. Really crowded and took 1.25 hours but it is ok coz the staff is so  blush.gif

They really psuh hard their Just One account but I managed to open the basic SA, RM20 min deposit.

Forgot to ask about free gift at all but what i like is, they give your slip in a nice plastic slip.

If the OPR remains the same, i hope SCB extend this promo.
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Last time when I placed my FD in SCB, the SCB "Leng Chai" customer service "helped" me to open a lot of saving
accounts so he could make more incentives and to hit his sales target...really cannot "tahan" him.. doh.gif

QUOTE(nsx88 @ Sep 15 2014, 09:31 PM)
It all depends. I got a Priority Account with SCB... So placing any FD is just a call away and I go there after 5pm to get 2 pc document sign in 5mins... Done...

I did place some BIG amount, but still no freebies... they do have free Biscuits and Milo there in the Priority Lounge in Ipoh Branch.

Since Priority account only needed rm250k, i suspect a lot of customers can afford and open account in SCB instead of UOB, where min of 1m to become Priority account.
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UOB Privilege Banking requires minimum RM 500K to maintain the account, where got RM 1 M oh..? hmm.gif

http://www1.uob.com.my/privilege/about.html
BoomChaCha
post Sep 16 2014, 02:37 PM

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QUOTE(davinz18 @ Sep 15 2014, 11:27 PM)
Put 1mil in FD shocking.gif  better invest other places, can get more return with that kind of amount  tongue.gif
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Oh..
hmm.gif Can give some examples if for RM 200K..?

QUOTE(bbgoat @ Sep 11 2014, 07:52 AM)
Wow, 4.25% is very attractive ! I have BR FD maturing on 18th. If can do RENTAS than may be able to catch it on 18th. But again if the bank met the 300 mil target, this will be gone !  cry.gif
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Ah Goat... My FD will mature on 19th...

Now stucking in between SCB and MBSB, 4.25% for 15 months vs 4.7% for 5 years...how..? sweat.gif
Do you still want to go for SCB 4.25% for 15 months..? Or do you have any ideas..?
For me, I think I will probably go for SCB if this promo is still available.. hmm.gif
BoomChaCha
post Sep 16 2014, 03:21 PM

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QUOTE(bbgoat @ Sep 16 2014, 02:59 PM)
Ah ChaCha, my thinking is between 15 mths 4.25% and 5 yrs 4.7%, diff is 0.45%. Time lock in diff is 3 yrs and 9 mths. With impending OPR change, the 0.45% over nearly 4 yrs lock in is not that attractive. Unless MBSB revise the rate .................. hmm.gif That is just my opinion.  smile.gif

Ya loh.. Then I just go for SCB hopefully this promo is still available on 19th.. sweat.gif

QUOTE(bbgoat @ Sep 16 2014, 02:59 PM)
It would be interesting to see if US raise the interest rate this Wed (US date) and then BNM meeting this Thursday.  smile.gif
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Ha.. ha.. let's say if BNM makes announcement to raise the OPR on Thursday.. then how..? hmm.gif
If this happens, I think I still need to go for SCB on 19th because do not know when will other banks
to take action to react to this OPR change..?

Do you want to go for SCB 4.25% for 15 month?
Or 4.00% for 12 months?

I will go for 15 months..
BoomChaCha
post Sep 16 2014, 07:41 PM

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QUOTE(Human Nature @ Sep 16 2014, 04:26 PM)
What about putting 3 months, then wait for the Nov meeting. 6th Nov meeting, got 1 week for the banks to react.
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in my opinion, take 6 months FD is better than 3 months FD to cope with future OPR change..

This post has been edited by BoomChaCha: Sep 16 2014, 09:07 PM
BoomChaCha
post Sep 16 2014, 07:45 PM

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QUOTE(aeiou228 @ Sep 16 2014, 06:47 PM)
I'd share the same thought as you. We are expecting interest rate uptrend, better don't tight up money for 5 years.

Not sure about US interest rate but in UK, this Lloyd's bank letter shows a whooping 45% interest rate reduction letter for savings account effective from 25th Novmber 2014.
[attachmentid=4136013]
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Sorry...I do not understand...
you mean when UK interest goes down, then Malaysia interest rate will go up..? hmm.gif
BoomChaCha
post Sep 17 2014, 02:12 PM

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QUOTE(aeiou228 @ Sep 16 2014, 08:13 PM)
No Bro, it was just 2 separate answers to bbgoat post quoted.
My personal view on Malaysia's interest rate is uptrend.

As for the UK interest rate, I have no idea. But the letter I received stated savings interest rate across the UK marketplace have been going down for some time. As as result, Lloyd's bank is going to reduce savings interest rate from 1% to 0.55% effective November.
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Okay.. Ha ha.. I felt like my high blood pressure suddenly went up a bit last night.. sweat.gif

QUOTE(bbgoat @ Sep 16 2014, 05:16 PM)
I think the 4.25% 15 mths is good enough for me. Grab it before it goes.  biggrin.gif
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QUOTE(gchowyh @ Sep 17 2014, 12:04 PM)
Hope Standard Chartered extends their promo till Monday 22 Sep as I have no bullets at the moment.
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Just called to SCB, 4.25% promo is still available.

QUOTE(sandkoh @ Sep 17 2014, 08:03 AM)
unkle, tak susah lah.go for std charter 4.25% now.  rclxms.gif
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Okay lah.. I listen to you.. biggrin.gif
I will do it provided this promo is still available..
Today young men are getting smarter...
Thank you.. notworthy.gif
BoomChaCha
post Sep 17 2014, 02:44 PM

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QUOTE(HJebat @ Sep 16 2014, 11:25 PM)
I deposited in a few batches & harvested between 8-10%...wah, you accumulated your chips then lump sum place in EON bank for 1 year?
That time the OPR kena altered frequently...so I allocated & deployed small stake in various tenure.

Yes, I just accumulated all available funds and hit it at a time, this could save my time, money and energy.
I hate to go to bank many times..

QUOTE(HJebat @ Sep 16 2014, 11:25 PM)
So I kena deplete one kaki to place FD in MBSB this December sad.gif
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No really..let's see the "cuaca" first..
Many things can happen in 3 months time.. Relax first.. biggrin.gif

This post has been edited by BoomChaCha: Sep 17 2014, 03:24 PM
BoomChaCha
post Sep 17 2014, 02:58 PM

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QUOTE(matow @ Sep 17 2014, 02:53 PM)
After rushing the "Rentas" transfer, I went to SCB Saadiq after 2.00pm to apply for the FD and you know what, the bank officer says because the cut off time is 3.00pm for FD placement and they need to submit the FD application by 2.15 or 2.30pm, they are unable to process the FD application and advise me to come tomorrow morning instead. No matter what I say, they would not do the FD application for me  mad.gif  vmad.gif !!
It is fortunate that my office is just above the bank. Really frustrated with this bank, got money oso don't want.
Somemore the bank officer trying to tell me to put my money in their investment plan where 50% will be placed with Maybank FD and 50% for investment in sharemarket. Told her  a big NO!!.
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This does not make any sense at all... mad.gif
You should be able to get your FD done before 4.00pm..
Talk to the bank manager now...
BoomChaCha
post Sep 17 2014, 03:18 PM

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QUOTE(haur @ Sep 16 2014, 02:03 PM)
Had done the SCB 4.25% yesterday. Opened a SA with RM 0. Yes zero money. I don't know how the cs lady did it. As long as my FD is issued, I'm happy........ Hahaha
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Your FD is effective since yesterday?
I mean FD effective on the same day when you placed your FD, right?

Last time about 2 years ago, my SCB FD was only effective after my banker's check clearance,
and I lost 2 days interest sad.gif

This post has been edited by BoomChaCha: Sep 17 2014, 03:19 PM
BoomChaCha
post Sep 18 2014, 03:24 AM

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QUOTE(bbgoat @ Sep 17 2014, 07:30 PM)
Ah ChaCha, I placed one 3 mth FD in BR on 18/6 which is maturing tomorrow. That time already anticipating July OPR change. So now 3 mths up, time flies. To me, SCB 4.25% is really good offer. So I would just go for it. Except because of SCB 3pm may have problem as reported earlier by someone and BR have to do IBG (RENTAS may also have problem before 3pm ?), have to do it by Friday.

Except I may be able to see what BNM will do tomorrow if they change the OPR again.

So take it as it comes.  rclxms.gif
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Ah Goat,
Ah gchowyh mentioned that he did Rentas (for individual) and his
recipient bank received the fund on the same day.

Please read Post #69 on Page 4 which was posted by Ah gchowyh
https://forum.lowyat.net/topic/3341150/+60

I think you should be able to place your SCB FD on the same day if you can
go to BR at 9.30am.

If you want to wait for the result from BNM, then you will lose one day interest,
and you may lose the opportunity to place 4.25% in SCB.
Don't forget, we only know the BNM result in the late afternoon.

Even if BNM announces OPR increase on 18 September, then how?
Where do you want to put your FD for short term?
And how long do we need to wait for the new coming out fantastic FD promo..?

If you want to wait for other banks to react to OPR change to come out with new
FD promos, you have 2 options to place your 3 months FD:
(1) Am Bank 3.5%, 57 winners get 8.31% for 1 month, valid until 19 September
(2) UOB 3.7%, 92% in FD, 8% in CASA and hold for 3 months, valid until 30 Nov

I suggest like this:
(1) Go to BR first thing in the morning and do Rentas (Aiya..I forgot to ask you to open
one saving account first in SCB.. doh.gif )
(2) Call your SCB branch to inform the RM that you will be coming to place the FD,
and you insist your FD has to be placed on the same day, get the RM name and mobile phone
number so that the RM will scare you and hormat you.. brows.gif

Conclusion:
I think just go ahead to take this gamble to place the SCB 4.25% first, we have many members
here to accompany you, including me.

Just pull the net when can catch some fishes lah.. biggrin.gif
But if big fishes appear later, please do not blame me.. sweat.gif

Good Luck.. Ah Goat cheers.gif
BoomChaCha
post Sep 18 2014, 05:29 PM

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QUOTE(bbgoat @ Sep 18 2014, 02:00 PM)
Was in BR to IBG out matured 3 mth FD. Plan to go to SCB for the 4.25% FD.

Was there 3 weeks ago and the staff said BR is revising their FD. Asked today, answer becomes not sure. no idea.
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Ah Goat, Have you placed your 4.25% FD with SCB today? Or tomorrow? hmm.gif
BoomChaCha
post Sep 18 2014, 05:34 PM

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Affin Bank FD Promo, valid until 31 December
4.18% for 15 months, additional 20% in saving and hold for 15 months
4.10% for 12 months, additional 20% in saving and hold for 12 months

This post has been edited by BoomChaCha: Sep 18 2014, 06:03 PM
BoomChaCha
post Sep 18 2014, 05:42 PM

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QUOTE(bbgoat @ Sep 18 2014, 05:36 PM)
Plan to call tomorrow before I go. Hopefully still available. Really hate BR not issuing cheque. Lose 1 day interest and the inconvenience.  shakehead.gif
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Oh..Rentas could not wire fund on time meh..?
I think tomorrow should be available la..
RM 300 M is a very big amount, I doubt can hit this target within 9 working days? hmm.gif

BoomChaCha
post Sep 18 2014, 06:14 PM

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QUOTE(bbgoat @ Sep 18 2014, 05:57 PM)
For RHB, I have mentioned that it is until Dec 2014. You also have updated post 2. Uncle must have too many things in the mind ?  tongue.gif
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Ya loh.. I forgot about it.. Thanks for the correction.. notworthy.gif

QUOTE(bbgoat @ Sep 18 2014, 06:01 PM)
OPR maintained at 3.25%

http://www.bnm.gov.my/index.php?ch=en_pres...ess_all&ac=3067
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So you win... thumbup.gif

QUOTE(nexona88 @ Sep 18 2014, 06:04 PM)
so good news or not? hmm.gif
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This depends..but for FD depositors, it is not a good news.. sad.gif

QUOTE(pinksapphire @ Sep 18 2014, 05:56 PM)
Helllooo guys...I'm back after disappearing for some time, lol...haven't been much in touch with FD rates and promos of late. From what I've read in this thread so far, looks like Ambank's good for the short term placement (something that I'm looking for). Is 3.85% the highest one we have so far for short term? I thought last time the hype was about 4%.

Hope I can place some by tomorrow itself...headache looking at too many.
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Welcome back.. thumbup.gif

This post has been edited by BoomChaCha: Sep 18 2014, 06:26 PM
BoomChaCha
post Sep 18 2014, 06:27 PM

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QUOTE(sylille @ Sep 18 2014, 05:41 PM)
Affin Islamic offering special FD rates (not publicised) until further notice (no cut-off date).

1 mth - 3.42% p.a
3 mths - 3.65% p.a.

Forgot to ask if new fund and min deposit required, but the last time in July they asked for min fresh fund of RM10K.

Be careful when you rentas out of SCB.  Money supposed to reach recipient bank within the same working day if applied before 2 pm but my money did not reach the recipient bank until two days later and only after I followed up with them. I complained to the manager but no apologies or explanation nor refund of the RM9 rentas fee.  On top of that I 'lost' two days interest with the recipientnbank. This happened about two years back. After that I closed all my SCB accounts including the very many Savings Accounts the 'lengchai' Sales Exec instructed us to open (we found out later it was done to meet his target) during SCB's last big FD campaign.
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So are these 2 FD promos available now officially..?
I was in Affin 3 hours ago, but Affin staff did not tell me about these 2 promos..

BoomChaCha
post Sep 18 2014, 06:37 PM

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QUOTE(nexona88 @ Sep 18 2014, 06:31 PM)
u went Affin Bank or Affin Islamic Bank branch?

Normally Affin Bank Branch don't actively promo their Islamic products, they're more into conventional products  nod.gif
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I went to Affin Bank in Taman Maluri..I think it was Affin Islamic Bank, but not so sure..
Usually Islamic products can earn slightly better profit, agree..?
BoomChaCha
post Sep 18 2014, 07:17 PM

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QUOTE(wil-i-am @ Sep 18 2014, 02:03 PM)
Sh*t
Just placed 9 mths @ 3.85 with AmBank tis Mon  cry.gif
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Not really Sh*t la.. 9 moths tenure could be a good timing to catch with next OPR raise..
I had placed 6 months with Am Bank before SCB launched its FD promos.. Ai.. real unexpected.. sad.gif

QUOTE(nexona88 @ Sep 18 2014, 06:42 PM)
it's Affin Bank. Affin Islamic Bank only have single branch in KL, that's in Fraser Business Park icon_rolleyes.gif

I'm not sure, but looks like better rate than conventional one hmm.gif
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Fraser Business Park..?
Is it easy to find parking there?
Can find parking on the street?
Preferable free parking

QUOTE(bbgoat @ Sep 18 2014, 06:01 PM)
OPR maintained at 3.25%

http://www.bnm.gov.my/index.php?ch=en_pres...ess_all&ac=3067
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Banks' FD war will stop for a short while... sad.gif
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