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

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cherroy
post Sep 18 2014, 09:25 AM

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QUOTE(aeiou228 @ Sep 18 2014, 07:14 AM)
Thanks for the confirmation.

So for RM100k deposit @ 5.31%, one will get RM6,637.50 interest after 15 mths right ?  hmm.gif
But I'm still confused, why SCB advertised 4.25% leh ?  rclxub.gif  why don't SCB advertise the hidden 5.31% as you pointed out to attract more depositors ?
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You still don't get it? laugh.gif

4.25% pa

A total 5.31% interest payout after 15 months (pa missing)
A total 8.5% interest payout after 24 months (pa missing)

They are the same.

Learn new creative marketing.

This post has been edited by cherroy: Sep 18 2014, 09:26 AM
aeiou228
post Sep 18 2014, 09:29 AM

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QUOTE(cherroy @ Sep 18 2014, 09:25 AM)
You still don't get it?  laugh.gif

4.25% pa

A total 5.31% interest payout after 15 months (pa missing)
A total 8.5% interest payout after 24 months (pa missing)

They are the same.

Learn new creative marketing.
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Hai ya...!! The fun is about to begin and you guys really potong steam one mad.gif

This post has been edited by aeiou228: Sep 18 2014, 09:36 AM
bearbear
post Sep 18 2014, 09:35 AM

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like i said, stop giving bank new idea to con mad.gif tongue.gif
aeiou228
post Sep 18 2014, 09:41 AM

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QUOTE(bearbear @ Sep 18 2014, 09:35 AM)
like i said, stop giving bank new idea to con mad.gif  tongue.gif
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It's not new, I've seen in the past some structured financial products claiming 30% return over 5 years period. But never seen such claim on FD la.
michaelho
post Sep 18 2014, 10:02 AM

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latest from Ambank - 5months @3.85% . Straightforward, no CASA

according to branch, promo started yesterday and will run for a month. No brochure sad.gifAttached Image

This post has been edited by michaelho: Sep 18 2014, 12:17 PM
yygo
post Sep 18 2014, 10:13 AM

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QUOTE(aeiou228 @ Sep 18 2014, 09:29 AM)
Hai ya...!! The fun is about to begin and you guys really potong steam one  mad.gif
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I already say joke la, you guys!
bearbear
post Sep 18 2014, 10:20 AM

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QUOTE(michaelho @ Sep 18 2014, 10:02 AM)
latest from Ambank - 5months @3.85% . Straighforward, no CASA

according to branch, promo started yesterday and will run for a month. No brochure sad.gifAttached Image
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Very good deal for short term biggrin.gif
yygo
post Sep 18 2014, 10:23 AM

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QUOTE(michaelho @ Sep 18 2014, 10:02 AM)
latest from Ambank - 5months @3.85% . Straighforward, no CASA

according to branch, promo started yesterday and will run for a month. No brochure sad.gifAttached Image
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Good, put there wait for FD rate to go up!
raptar_eric
post Sep 18 2014, 11:11 AM

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maybank new promo

http://www.maybank2u.com.my/mbb_info/m2u/p.../PRO-Promotions
matow
post Sep 18 2014, 11:17 AM

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QUOTE(bbgoat @ Sep 17 2014, 06:48 PM)
What lah, so even if I IBG from BR out before 9.30am, the fund may only appear around 3pm or so. Then cannot go to SCB to do the FD. RENTAS wise I think the timing is also the same ??  hmm.gif  The BR branch told me cannot do RENTAS for individual account though someone said he did that in Klang valley.

So have to go on the next day to be on the safe side.  shakehead.gif
Oh boy, the effective rate is still 4.25%, cannot add up like that.  shakehead.gif  biggrin.gif
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Hi bbgoat,

I'm the one who did the RENTAS transfer yesterday from Kuwait Finance House to my SCB account. It was about 12.45pm when I did the transfer at KFH, they told me that it will take about an hour. So when I went into SCB at 2.15pm to check, the money was already in my SCB account. Cost of transfer was RM8.00.

This morning went to SCB for the FD placement, it really took the service officer about half an hour or more to process the FD.

SUSSarah Jessica
post Sep 18 2014, 11:46 AM

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QUOTE(michaelho @ Sep 18 2014, 10:02 AM)
latest from Ambank - 5months @3.85% . Straighforward, no CASA

according to branch, promo started yesterday and will run for a month. No brochure sad.gifAttached Image
*
Good for short term rclxms.gif
bbgoat
post Sep 18 2014, 01:48 PM

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QUOTE(matow @ Sep 18 2014, 11:17 AM)
Hi bbgoat,

I'm the one who did the RENTAS transfer yesterday from Kuwait Finance House to my SCB account. It was about 12.45pm when I did the transfer at KFH, they told me that it will take about an hour. So when I went into SCB at 2.15pm to check, the money was already in my SCB account. Cost of transfer was RM8.00.

This morning went to SCB for the FD placement, it really took the service officer about half an hour or more to process the FD.
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Interesting to note one hour for the RENTAS to be completed the xfer ! rclxms.gif

How much did you put in for the SA ? Some say RM20, one even say 0. My sis told me she put in RM10 for the SA. smile.gif
matow
post Sep 18 2014, 01:58 PM

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QUOTE(bbgoat @ Sep 18 2014, 01:48 PM)
Interesting to note one hour for the RENTAS to be completed the xfer !  rclxms.gif

How much did you put in for the SA ? Some say RM20, one even say 0. My sis told me she put in RM10 for the SA.  smile.gif
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I have an existing SA with SCB Saadiq. But when I first open a SA with them, it was RM200, if I'm not mistaken hmm.gif.
bbgoat
post Sep 18 2014, 02:00 PM

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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.
wil-i-am
post Sep 18 2014, 02:03 PM

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QUOTE(michaelho @ Sep 18 2014, 10:02 AM)
latest from Ambank - 5months @3.85% . Straightforward, no CASA
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Sh*t
Just placed 9 mths @ 3.85 with AmBank tis Mon cry.gif
nexona88
post Sep 18 2014, 03:16 PM

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QUOTE(michaelho @ Sep 18 2014, 10:02 AM)
latest from Ambank - 5months @3.85% . Straightforward, no CASA

according to branch, promo started yesterday and will run for a month. No brochure sad.gifAttached Image
*
veli gud yo biggrin.gif
leo_kiatez
post Sep 18 2014, 03:57 PM

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QUOTE(michaelho @ Sep 18 2014, 10:02 AM)
latest from Ambank - 5months @3.85% . Straightforward, no CASA

according to branch, promo started yesterday and will run for a month. No brochure sad.gifAttached Image
*
How much Min? Need fresh fund? smile.gif
nexona88
post Sep 18 2014, 03:59 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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why suddenly not sure? hmm.gif rclxub.gif
TANjb
post Sep 18 2014, 04:20 PM

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QUOTE(leo_kiatez @ Sep 18 2014, 03:57 PM)
How much Min? Need fresh fund? smile.gif
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Called up Am Bank JB branch a while ago, min 20k fresh fund, promotion till 15thh Oct 2014.

Correct me if I am wrong smile.gif
nexona88
post Sep 18 2014, 04:42 PM

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RHB Research Institute expects the overnight policy rate (OPR) to be kept at 3.25% for the rest of the year given the sharp slowdown in July's exports and industrial production numbers.

The research house said it believes there is no urgency for the central bank to tighten its monetary policy further although the OPR could still be raised by another 25 basis points in the first half of 2015.

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