Good find Bro PBB really go all out to fight for deposit.

But must bear in mind that this special entitlement for the higher rate is only available thru special ac-hoc announcement as a result of stiff competition in the market. Also, PBB can only announce entitlement for higher interest rate and not the other way round otherwise no point making the announcement. Therefore this special entitlement for higher rate on next roll-over is discretionary and very different from "Rate subject to OPR changes"

Here is the formula for you to find out worth or not to uplift 3.95% and re-deposit into 4.15%. You sendiri kira.
(4.15 x 730) / (730 + no of days without interest)= x%
Then compare x% with 3.95%.

For 12 mth FD, simply replace 730 with 365.

This formula can also be used to calculate you actual yield if you park your fund day after day in low yield CASA waiting for higher promotional FD rate to announce.

This post has been edited by aeiou228: Oct 28 2014, 06:45 PM

I'm not sure what do you mean by fixed transaction costs. Can you add those suggested by you into the equation and let us see your improved formula ?
By the way, care to explain why size of deposit got to do with effective yield?

Eh ? 180 degree U turn pulak? You post#1296 said want to factor in this and that, now want to keep it simple pulak ?
For your info, size of deposit has no relation whatsoever to calculation of FD effective yield.

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

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.

Fresh fund methods and ways to get around it had been discussed at length in this thread previously.
For your case, If you don't have checking a/c, withdraw by banker's chq from MBB then bring the chq to Alliance. BTW, MBB BC is not cheap. You need to weight the transfer cost against the RM10k interest earned to see if it is worth it or not.


Add on.
Ops ! just noted it's eFD, banker's chq may not be applicable in this case.

This post has been edited by aeiou228: Oct 31 2014, 01:41 PM

Of course you can't instruct the bank to credit the FD interest from a joint FD to an individual SA without consent from all the the joint FD holders.
For RHB, it requires all joint holders of the FD account to present and sign an authorisation/consent form for the interest to be credited to an individual SA of any one of the joint FD account holders. Not necessary to open a new join account SA.
I bet PBB should be the same, otherwise a lot of administrative work for PBB to keep opening and close joint SA just for interest crediting only.

Like I said RHB can, PBB and Alliance should be the same too.
You went placing the FD with your wife, I'm sure Alliance bank had both of you signed and authorised the interest crediting option already.
Unless you didn't go and din't sign any authorisation and yet Alliance bank allow the interest crediting to your joint holder individual SA.
But come to think of it, why so troublesome and need authorisation from all joint holders for the crediting of the interest to one of the joint holders SA ? Aren't we already given the instruction "Any one to sign" ??

This post has been edited by aeiou228: Oct 31 2014, 06:30 PM

Ringgit closed today at RM3.34 to 1USD, close to 4 years low. 6% GST.... Inflation is imminent ? FD rate upward pressure ? Come come, economy expert of FD thread, please give your point of view.

One of the best updates so far. Thank you

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.

Someone else name also can, just open a joint FD account with that someone else.

Congrat !! first valuable post from you and one of the latest best deal posts
Where is the link ?

The 24months is one of the best. Correct me if there any other better 24 mths FD with PIDM.

This post has been edited by aeiou228: Nov 11 2014, 07:21 PM

I never deal with BR before but if BR can Interbank Giro, then BR is either the member bank of Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) or MEPS IBG payment system. The timing of fund clearance should be the same as other member banks.
You can go to BR in the morning opening hour to do the OTC IBG to your other bank's current account, the fund should be good in the afternoon. Then write a chq and bring to RHB for FD placement on Friday itself.

This post has been edited by aeiou228: Nov 12 2014, 12:29 PM

For those who want to know about Interbank Giro fund transfer timing.

The first character of Rentas R stand for Real-time. So it suppose to be immediate.

Pls take note that the chart I posted was for OTC and ATM. Not online IBG, but I guess it should be the same.

This post has been edited by aeiou228: Nov 13 2014, 08:38 PM

RM1m is the highest limit allowed by IBG system but most banks set the upper limit for OTC IBG to RM500k. If want to transfer say RM700k, must IBG two times.
As for Rentas, my experience was almost immediately remitted. Not really real time. Maybe due to bank officer processes.

By the way, orang kaya detected. OTC IBG limit can not meet his remittance requirement.

If I'm not wrong, HLB Rentas fee is RM5.
What's is the UOB TnC for 3mths 3.80 as advertised in your signature ??

This post has been edited by aeiou228: Nov 14 2014, 04:48 PM

RHB online has this Online IBFT @ 80sen only for real time immediate interbank fund transfer.
The cheapest real time online interbank fund transfer as far as I'm concerned.

For those who placed extra money in KWSP.
KWSP proposed that that eligibility to withdraw at age 55 to be extended until age 60.
According to deputy CEO of KWSP, this is in line with the gov policy of new retirement age of 60.
It was in the news since 2012 but now in the news again.