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

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Bonescythe
post Oct 21 2014, 02:01 PM

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QUOTE(kinabalu @ Oct 21 2014, 12:34 PM)
"In accordance with Unclaimed moneys Act 1965 (revised 2002), the moneys in FD/GIA under Automatic Renewal shall be classified as Unclaimed Money if the FD/GIA is not operated  for a period of seven (7) years from date of deposit or date of last transaction, which ever is later"
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So the money dissappear ? Dun belong to the owner ad ?
Bonescythe
post Oct 21 2014, 02:36 PM

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Ok.. THanks for info. biggrin.gif
Bonescythe
post Nov 18 2014, 11:55 AM

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I got mine latest at hong leong bank at 3.85% for 1 year.

Not bad a rate i think
Bonescythe
post Nov 18 2014, 03:41 PM

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QUOTE(magika @ Nov 18 2014, 11:57 AM)
For last year rate its not bad. I thought you dump all in stocks.. biggrin.gif
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Haha.. No la..

Been reducing a lot in equities exposure.

And I had took 2 months of FD interest from PBB before going to HLB.

And I just found out that their MACH is even better.

Saving Account also can offer 1.8% per annum, daily interest... biggrin.gif biggrin.gif biggrin.gif

And FD is 3.7 for 6mths and 3.85 for 12 mths, but payable monthly.. Wad a good thing
Bonescythe
post Nov 20 2014, 11:40 AM

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Just wondering..

Does the bank officer get some sort of commission for FD processed by them?

Lets say "ABC bank officer" able to get RM 10 million worth of FD processed by him.. Bank will reward him anot?
Bonescythe
post Dec 18 2014, 09:27 PM

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Dam bank.. keep revising up the FD rate slowly.. Grrr..

If keep jumping here n there wanting to get the best rate, might end up loss 2 to 3 months due to the jumping around..

I lock at hong leong 3.85%, now tell me offer 4% ! I think I better wait next year only jump. Got news from bank staff that BNM gonna revise OPR next year again biggrin.gif

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