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

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BoomChaCha
post Sep 10 2014, 11:20 PM

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QUOTE(nsx88 @ Sep 10 2014, 10:55 PM)
15mths 4.25% at Standard Chartered before 19th September.
12mths 4.0 %.

These must be the highest RATES offer at this time for PIDM Bank Deposits.
*
Aiyo...!!!... thumbup.gif
This FD promo is really "gao lat" this time... drool.gif

Link:
https://www.sc.com/my/campaign/special-rate-td/

Terms & Conditions:
https://www.sc.com/my/campaign/special-rate...ampaign-tnc.pdf

Thanks so much for this FD info..
I am updating this promo on Post #2 now...
davinz18
post Sep 10 2014, 11:25 PM

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QUOTE(BoomChaCha @ Sep 10 2014, 11:20 PM)
Aiyo...!!!...  thumbup.gif 
This FD promo is really "gao lat" this time...  drool.gif

Link:
https://www.sc.com/my/campaign/special-rate-td/

Terms & Conditions:
https://www.sc.com/my/campaign/special-rate...ampaign-tnc.pdf

Thanks so much for this FD info..
I am updating this promo on Post #2 now...
*
This promotion will automatically end before 19 September 2014 if the Bank and/or Standard Chartered Saadiq Berhad received RM300mil in total deposits whistling.gif


BoomChaCha
post Sep 10 2014, 11:35 PM

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QUOTE(davinz18 @ Sep 10 2014, 11:25 PM)
This promotion will automatically end before 19 September 2014 if the Bank and/or Standard Chartered Saadiq Berhad received RM300mil in total deposits  whistling.gif
*
Ya loh.. This promo is only available for 10 days only wor..

It seems to be a pure FD but just need to open a saving or current account
for the purpose to deposit the FD interest..

Oh..This is the best FD promo so far.. thumbup.gif
davinz18
post Sep 10 2014, 11:39 PM

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QUOTE(BoomChaCha @ Sep 10 2014, 11:35 PM)
Ya loh.. This promo is only available for 10 days only wor..

It seems to be a pure FD but just need to open a saving or current account
for the purpose to deposit the FD interest..

Oh..This is the best FD promo so far..  thumbup.gif
*
main point is RM300mil in total deposits which could be earlier than closing date on 19Sept nod.gif
BoomChaCha
post Sep 10 2014, 11:47 PM

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QUOTE(davinz18 @ Sep 10 2014, 11:39 PM)
main point is RM300mil in total deposits which could be earlier than closing date on 19Sept  nod.gif
*
This is true.Ai...This is what I am worried about also.. sad.gif

If Standard & Chartered Bank can extend this promo, it can create a big FD war
for all banks.. rclxms.gif And this is what we would like to see...
eddie2020
post Sep 10 2014, 11:49 PM

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aww... but working during these day.. u guys take leave do fd? haha
wil-i-am
post Sep 10 2014, 11:49 PM

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QUOTE(BoomChaCha @ Sep 10 2014, 11:47 PM)
This is true.Ai...This is what I am worried about also.. sad.gif

If Standard & Chartered Bank can extend this promo, it can create a big FD war
for all banks..  rclxms.gif And this is what we would like to see...
*
Gud for depositors rclxms.gif
nsx88
post Sep 11 2014, 12:05 AM

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Standard Chartered have no CASA and min is RM5000

Best deal in town

QUOTE(davinz18 @ Sep 10 2014, 11:20 PM)
T&C? CASA requirement?  hmm.gif
*
gchowyh
post Sep 11 2014, 12:16 AM

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QUOTE(bbgoat @ Sep 10 2014, 08:20 PM)
BR has RENTAS but only for corporate or company account user.  sad.gif
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QUOTE(Gen-X @ Sep 10 2014, 04:57 PM)
Bro, thanks for reading my articles smile.gif

Oh, I am sure you also read about RENTAS in my article, which cost more than GIRO over the counter. RENTAS allow more to be transferred. I wonder if BR have RENTAS facility?
Yes, the UOB 13 months promo is Pure FD. And interest will be paid semi-annually into a CASA account. So, if you have a CASA account then no issue. However if you don't have a UOB Savings or Current Account, you need to open one. AND most UOB CASA account have some fees! If you going for the UOB 13 months FD Promo and need to open CASA, check out their eAccount which is FREE (no monthly fees) but you got to pay for the ATM card I think.
Bro, if no need CASA, why does the interest go into?
AVFAN - last year we discussion at V4 about AUD. AUD/MYR exchange rate about 3.2 then. Well, AUD/MYR is now below 2.9 again smile.gif USA/MYR strengthen but AUD is weakening like hell against USD (AUD/USD down 0.83% as of now). Time to start monitoring AUD/MYR smile.gif

3.2 -- > 2.9, that's 9.375%. Whomever deposited in AUD Term Deposit back in May 2013 had wish they have deposited in RM instead.
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QUOTE(giko @ Sep 9 2014, 08:11 PM)
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? sad.gif
*
Guys, Bank Rakyat does have RENTAS for individuals. I just did it last month for RM 5 over the counter. By the time I reached RHB on the same day, the funds were already there.


QUOTE(nsx88 @ Sep 10 2014, 10:55 PM)
15mths 4.25% at Standard Chartered before 19th September.
12mths 4.0 %.

These must be the highest RATES offer at this time for PIDM Bank Deposits.
*
Nice promo but I just closed my account last month! Too short duration also, just a week and a half.

This post has been edited by gchowyh: Sep 11 2014, 12:20 AM
BoomChaCha
post Sep 11 2014, 12:21 AM

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QUOTE(gchowyh @ Sep 11 2014, 12:16 AM)
Guys, Bank Rakyat does have RENTAS for individuals. I just did it last month for RM 5 over the counter. By the time I reached RHB on the same day, the funds were already there.
*
If you want to place FD in RHB, Rentas to RHB saving account can be accepted as fresh fund
for RHB or for other banks or not..?
gchowyh
post Sep 11 2014, 12:23 AM

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QUOTE(BoomChaCha @ Sep 11 2014, 12:21 AM)
If you want to place FD in RHB, Rentas to RHB saving account can be accepted as fresh fund
for RHB or for other banks or not..?
*
Yes can. The officer told me within 3 or 5 working days of transfering the funds to RHB bank savings/current account is still considered fresh funds. Can't remember.

This post has been edited by gchowyh: Sep 11 2014, 12:24 AM
BoomChaCha
post Sep 11 2014, 12:28 AM

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QUOTE(gchowyh @ Sep 11 2014, 12:16 AM)
Guys, Bank Rakyat does have RENTAS for individuals. I just did it last month for RM 5 over the counter. By the time I reached RHB on the same day, the funds were already there.

Thanks for the info.. thumbup.gif I will do the same way next time

QUOTE(gchowyh @ Sep 11 2014, 12:16 AM)
Nice promo but I just closed my account last month! Too short duration also, just a week and a half.
*
You can always re-open your saving account, I do not think this is the problem.
The only problem is the promo duration is too short..

QUOTE(gchowyh @ Sep 11 2014, 12:23 AM)
Yes can. The officer told me within 3 or 5 working days of transfering the funds to RHB bank savings/current account is still considered fresh funds. Can't remember.
*
Thanks again.. notworthy.gif
BoomChaCha
post Sep 11 2014, 12:34 AM

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QUOTE(wil-i-am @ Sep 10 2014, 11:49 PM)
Gud for depositors  rclxms.gif
*
Whether can manage to place this FD or not, this depends on FD maturity timing
and also the extra fund available for this FD ..
gchowyh
post Sep 11 2014, 12:49 AM

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QUOTE(BoomChaCha @ Sep 11 2014, 12:28 AM)
Thanks for the info.. thumbup.gif  I will do the same way next time
You can always re-open your saving account, I do not think this is the problem.
The only problem is the promo duration is too short..
Thanks again..  notworthy.gif
*
No probs. Problem also, no bullets at the moment till end of the month tongue.gif
TSGen-X
post Sep 11 2014, 01:37 AM

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QUOTE(nsx88 @ Sep 10 2014, 10:55 PM)
15mths 4.25% at Standard Chartered before 19th September.
12mths 4.0 %.

These must be the highest RATES offer at this time for PIDM Bank Deposits.
*
Thank you Bro for the info. This is great, more banks are then pressured to offer higher FD promo rates to be competitive. Looks like we are heading back to 2011-2012 where we can get FD Promos offering 5% smile.gif

QUOTE(davinz18 @ Sep 10 2014, 11:20 PM)
T&C? CASA requirement?  hmm.gif
*
No need to deposit x% into CASA, however, like all previous SCB FD Promo, need to have CASA because interest is deposited into it. So if you don't have a CASA with SCB, you need to open one.

Updated Post#1 and my Fixed Deposit Page.


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siew14
post Sep 11 2014, 02:38 AM

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guys, how much does it cost to open a saving account actually? for instance, i do not have any bank account with standard chartered, even i proceed to place rm5000 fd with them, and assuming it charge me rm20 open account, the return is like 3.6% instead of 4% as indicated.
bbgoat
post Sep 11 2014, 07:45 AM

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QUOTE(gchowyh @ Sep 11 2014, 12:16 AM)
Guys, Bank Rakyat does have RENTAS for individuals. I just did it last month for RM 5 over the counter. By the time I reached RHB on the same day, the funds were already there.
*
Ha, I was in BR about 2 weeks ago to uplift my FD. I asked for RENTAS, but the counter girl said only for company account.

Was your RENTAS done recently ? Other than individual account, do you also have company account ? Need to query BR girl on this as I lose out 1 day to place my FD. Unless this again is another BR branch policy implementation issue. smile.gif
bbgoat
post Sep 11 2014, 07:52 AM

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QUOTE(davinz18 @ Sep 10 2014, 11:39 PM)
main point is RM300mil in total deposits which could be earlier than closing date on 19Sept  nod.gif
*
QUOTE(BoomChaCha @ Sep 10 2014, 11:47 PM)
This is true.Ai...This is what I am worried about also.. sad.gif

If Standard & Chartered Bank can extend this promo, it can create a big FD war
for all banks..  rclxms.gif And this is what we would like to see...
*
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
giko
post Sep 11 2014, 08:31 AM

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QUOTE(Gen-X @ Sep 11 2014, 01:37 AM)
No need to deposit x% into CASA, however, like all previous SCB FD Promo, need to have CASA because interest is deposited into it. So if you don't have a CASA with SCB, you need to open one.
Clever of SC to "force" us to open CASA as MBSB allows us to credit the interest into our CASA in other banks. hmm.gif

bearbear
post Sep 11 2014, 08:55 AM

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Hopefully when i am back 300 Mil not accomplished yet sweat.gif

Otherwise, brilliant deal thumbup.gif

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