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

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bearbear
post Nov 17 2014, 09:39 PM

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some funds avail and I went for affin 2 years @ 4.38%

no auto renewal instruction for this promo, upon maturity all fund automatically transfer to your casa.
bearbear
post Nov 17 2014, 11:17 PM

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QUOTE(harmonics3 @ Nov 17 2014, 11:09 PM)
good, any min. amount and CASA requirements?
*
min. 10k, refer front page.

you do need a CASA for them to transfer to your acc upon maturity. I had earlier already open one with RM20 for their 15m promo so hassle free for me.
bearbear
post Nov 18 2014, 11:33 AM

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QUOTE(magika @ Nov 18 2014, 09:57 AM)
RM20 for CASA then should be Basic Saving Account, just make sure its Option 1 meaning without yearly ATM fees.  notworthy.gif
In my opinion going long term for 2 years and above is good decision.

So the basic guide should be RM20 opening deposit for Basic Saving Account.
*
No ATM card or bank book, safe to assume it is Option 1?

I originally wanted to go to RHB for 9m but since i was in Affin and thinking why not, lazy to move around so much since amount is not huge. Might as well go for the best now blush.gif

I think they name it CNY promo and they run the promo till April 2015, seems like they are quite confident the rate is attractive enough till then. Or they are playing mind game with us laugh.gif

QUOTE(bbgoat @ Nov 18 2014, 10:07 AM)
Agreed that Affin 2 years 4.38% is the best deal so far, after that RHB 9 mths 4.15%. May have to go the 2 years route at 4.38% for now until a better one comes up. Just early this year was putting in BR for 2 years at 4.25%, then to 4.2%. So Affin 4.38% is GOOD !

Young Magic is a sifu in SA. Learned on the BSA with option 1 from him. Never know about this until now.  notworthy.gif
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i asked my partner to put into Ambank 3 years @ 4.18 or something back in January; now can only console that it's giving interest every 6 months.

This post has been edited by bearbear: Nov 18 2014, 11:47 AM
bearbear
post Nov 18 2014, 12:01 PM

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QUOTE(magika @ Nov 18 2014, 11:35 AM)
Why no ATM/ Debit card ? Then not true Option 1 , i think ... shakehead.gif
Someone posted open CASA at RHB also no ATM card no charges but not BSA.
No ATM card passbookless then how to check balance or perform transaction over the counter only is a hassle.
*
Affin quite empty, no issue tongue.gif

but need to check waive annual fee or not sweat.gif
bearbear
post Nov 18 2014, 03:02 PM

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QUOTE(Koshka @ Nov 18 2014, 02:45 PM)
Hi, i have few hundred thousand cash which i want to place for fixed deposit. May i have an advise on which bank is the best in my case ?
Is there anyone who can intro me to the bank ?
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read post 2, give the guys abit of respect by reading first.

QUOTE
(1) RHB 6 months - 4.00% p.a.
(2) RHB 9 months - 4.15% p.a.
(3) OCBC Pure FD for 12 Months - 4.10% p.a. (Free Medklin Assens Air Steriliser plus a chance to win a 916 Gold Coin - RinggitPlus only)
(4) OCBC Pure FD for 3 Months - 3.80% p.a. (Free Medklin Assens Air Steriliser plus a chance to win a 916 Gold Coin - RinggitPlus only)
(5) UOB Pure FD for 12 Months - 4.05% p.a.
(6) UOB Pure FD for 3 Months - 3.80% p.a.
(7) May Bank upfront interest for 12 months - 4.00% p.a.
(8) Penang OCBC for 6 Months - 4.00% p.a.
(9) Affin for 24 Months - 4.38% p.a.


This post has been edited by bearbear: Nov 18 2014, 03:02 PM
bearbear
post Nov 24 2014, 05:49 PM

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QUOTE(jason_168 @ Nov 24 2014, 04:12 PM)
So for current offer, would RHB 4.15% for 9 Months be the best offer ?
*
Yes, long term affin 4.38% for 24 months
bearbear
post Nov 25 2014, 03:00 PM

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QUOTE(imoloq @ Nov 25 2014, 02:20 PM)
guys. im new here.

just a little confused. why would people put fixed deposit in Singapore when the rates are around 1%+ compared to Malaysia's 3%+?

why dont they convert to MYR and put as fixed deposit here? am i missing something here?

thanks in advance guys.
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They prefer SGD than MYR, in long term which currency between the two has better prospect?
bearbear
post Nov 30 2014, 04:17 PM

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QUOTE(practcmksperfct1 @ Nov 30 2014, 03:04 PM)
Aaah...understand. Thanks a lot for the clear explanation!
*
Other to consider;

Is the short term worth the effort of going around every few months? The effort and time might not worth the hassle. unless it is a huge sum then might be a different story.

I would say if you can leave it aside for few years, go for long term.
bearbear
post Nov 30 2014, 05:24 PM

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I think you are referring to pbb right? The effective is 4.05%?

Say compare to affin 2 years at 4.38%, you are already 0.33% behind after 1 year, you will need a deal of 4.71% to catch up.

I am not active in market trend thus I go for the best possible deal at the time, if market really goes down worst case scenario I can just withdraw and re-deposit at higher rate, if the new interest is worthy of doing so.
bearbear
post Dec 6 2014, 10:06 AM

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And MACH is 100% online banking, don't need to queue or wait biggrin.gif
bearbear
post Dec 7 2014, 02:45 AM

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If you want board rate, any bank can do that. If I am not mistaken for 1k the minimum tenure is 3 months.

Also the amount is not worth the trip to bank just do it online with maybank2u or cimb or whatever online banking facility you have.
bearbear
post Dec 7 2014, 07:52 PM

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QUOTE(kart @ Dec 7 2014, 09:34 AM)
Of course, if there is a FD promo that can accept RM 1000, I would take the promo instead. But, I will skip this idea, since most promo will require huge amount of money.  blush.gif

Since the FD tenure is 1-year, it is okay for me to go to the bank once a year to make the deposit.
Thanks, I will just follow your idea of splitting the FD into multiple accounts.

Since Mach by Hong Leong offers 4% for 1-year tenure, I am trying to decide between Mach and Affin bank.
Regarding Mach Fixed Deposit Money Box Campaign:

1. I have a saving account (with an ATM card) in Hong Leong Bank. Still, do I have to open Money Box Deposit Account, before I can open Mach Fixed Deposit online?

2. Can I open the Money Box Deposit Account in Hong Leong branch?

3. Also, I have to consider the cost of the saving account (minimum account opening amount is RM50; debit card annual fee is RM8.00). Is it worthwhile for my case?

Thank again for your advice.  thumbup.gif
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2000 a year at Mach get you 80 bucks while affin will give you 74 bucks.

You look worse off taking Mach considering you need to pay rm8 a year but Mach open till night time (convenient) and once you have an account with them, you can place FD at promo rate via online whish save you the hassle of running around.

As I understand the money box account is a must and can only be applied with a Mach branch. Eve though you will be able to bank in to your Mach account at HLB CDM and etc.

bearbear
post Dec 8 2014, 01:28 AM

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I also noticed that omg campaign when placing some fund at affin back in July. That CLA poster really make me dream tongue.gif
bearbear
post Dec 11 2014, 08:23 PM

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look at RM against SGD want to cry

look at SGD FD rate also want to cry

24m promo - 1.55% doh.gif
bearbear
post Dec 26 2014, 05:03 PM

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QUOTE(Gen-X @ Dec 26 2014, 04:43 PM)
UOB Christmas Promo 12 months 4.2% extended until 31 December 2014. Click here to my Fixed Deposit Page for more FD Promos.

I tell you, nowadays I don't really have to move my funds here and there to satisfy the big hassle fresh fund requirement. Today and back in November, UOB PB staff got approval for me to have my matured FD renewed at Promo rates. But of course I'm a humble and nice guy where I begged nicely, hahaha. Like I mentioned before, most RM don't get any commission from our FD deposits and it is not in their scope of works to go get HQ approval for "special" FD rates requested from their customers. They do it out of goodwill, and of course once a while show your appreciation, e.g. like sylille mentioned, she was willing to take an Affin staff out for lunch because he/she was so helpful. And being nice to the bank staff also got other perks, like they will not be stingy in giving you Ang Pows packets  tongue.gif
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i can accept lower rate if the SC RM is willing to go lunch with me wub.gif

tongue.gif

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