1) Just wanna check... will step-up rates fd be affected by change in opr?
2) does citibank not offer promo fd? or just the lack of convenience due to limited branches?
Fixed Deposit Rates In Malaysia V. No.8, Please Read Post#1 and #2
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 May 19 2015, 11:55 AM
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4,724 posts Joined: Jul 2013  
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May 19 2015, 12:03 PM
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5,867 posts Joined: Feb 2006
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QUOTE RM0.00 Maybank Islamic:Convert to Mudarabah Investment Acc by 31/5 & get potential higher returns up to 4%,no lock-in period.Visit M2U/call 1800882028.T&C apply Received this sms just now. What promo is this ? Can't find it in this thread. |
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May 19 2015, 12:19 PM
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6,614 posts Joined: Mar 2011
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QUOTE(adele123 @ May 19 2015, 11:55 AM) 2) does citibank not offer promo fd? or just the lack of convenience due to limited branches? Have been with CB for years. No pure FD promo as far as I can recall. Only FD/UT bundle as far as I know. Have gone into some of them only.   CB more interested to promote UT products. Have the most RM in Penang chasing PB customers to review portfolio to buy /switch UT products !  This post has been edited by bbgoat: May 19 2015, 12:27 PM |
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May 19 2015, 12:55 PM
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25,802 posts Joined: Jan 2003 From: Penang 
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QUOTE(adele123 @ May 19 2015, 11:55 AM) 1) Just wanna check... will step-up rates fd be affected by change in opr? 1) yes, the next step up interest rate is not guaranteed to be as same. But current running rate is fixed. 2) does citibank not offer promo fd? or just the lack of convenience due to limited branches? 2) They seldom have FD promotion, only once or twice over the many years, but when they did, the rate was quite attractive. Their banking focus seems like not FD/deposit base area but more on credit card, housing loan or investment type of product |
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May 19 2015, 04:43 PM
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2,811 posts Joined: Jan 2003 From: Selayang 
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QUOTE(bbgoat @ May 18 2015, 05:25 PM) Yes, looks like same structure except today it is a stock, Las Vegas Sands Corp stock price. Auto call back at 105% of initial price. Looks even more volatile than the Callable Klibor that I bought from CIMB. Previous one lasted 1 year plus then called back by CIMB. Current one >2 years, not yet call back. Getting I think 5.x% (need to check document) interest. the callable klibor is 100% principal protection if held to maturity right ? sounds quite decent |
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May 19 2015, 04:56 PM
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2,337 posts Joined: Oct 2014
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QUOTE(aeiou228 @ May 19 2015, 12:03 PM) Received this sms just now. What promo is this ? Can't find it in this thread. Malaysian Islamic Banking has applied a new rule recently, making the Mudharabah accounts into real investment accounts, means that they are neither profit nor capital guaranteed under the new rules.But, the banks *promise* to invest your fund with minimum risk, generating higher profit than principal accounts |
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May 19 2015, 05:35 PM
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6,614 posts Joined: Mar 2011
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QUOTE(dEviLs @ May 19 2015, 04:43 PM) the callable klibor is 100% principal protection if held to maturity right ? sounds quite decent Yes, principal protected if held until maturity. But 10 years is too long. If the interest rate turns against me, then no interest to be paid. That could be for 7 or 8 years (remaining years until maturity) ! CIMB will only call back if they deem to be un-profitable for them to continue !  |
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May 19 2015, 10:26 PM
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#2228
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QUOTE(aeiou228 @ May 19 2015, 12:03 PM) Received this sms just now. What promo is this ? Can't find it in this thread. I rec'd too via official letter |
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May 20 2015, 06:17 AM
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766 posts Joined: Jul 2006
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hi, can anyone tell me which bank offers the current best FD rate for 1 year currently?
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May 20 2015, 06:32 AM
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24,339 posts Joined: Feb 2011
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QUOTE(vetkin_gray @ May 20 2015, 06:17 AM) hi, can anyone tell me which bank offers the current best FD rate for 1 year currently? Just refer post 1& 2This post has been edited by Ramjade: May 20 2015, 06:33 AM |
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May 20 2015, 11:57 AM
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765 posts Joined: Jun 2007
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anyone able to get into bank rakyat's fd rate webpage? look like they removed it
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May 20 2015, 12:04 PM
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6,614 posts Joined: Mar 2011
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QUOTE(culain99 @ May 20 2015, 11:57 AM) anyone able to get into bank rakyat's fd rate webpage? look like they removed it It is there:http://www.bankrakyat.com.my/term-deposit-account-i |
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May 20 2015, 12:08 PM
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765 posts Joined: Jun 2007
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QUOTE(bbgoat @ May 20 2015, 12:04 PM) thanks, could find a link from http://www.bankrakyat.com.my/my fd expiring 1st week of june in BR, for renewal at BR 12 months can we negotiate the rate? |
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May 20 2015, 12:10 PM
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6,614 posts Joined: Mar 2011
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QUOTE(culain99 @ May 20 2015, 12:08 PM) thanks, could find a link from http://www.bankrakyat.com.my/ You can, but depends on the amt. They may or may not agree based on your principal amt. my fd expiring 1st week of june in BR, for renewal at BR 12 months can we negotiate the rate? |
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May 20 2015, 12:15 PM
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Junior Member
765 posts Joined: Jun 2007
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QUOTE(bbgoat @ May 20 2015, 12:10 PM) You can, but depends on the amt. They may or may not agree based on your principal amt. :D OK, I try next month,1st year - negotiated 2nd year - too busy,missed - auto renew on standard rate 3rd/this year - set reminder - try to negotiate |
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May 20 2015, 12:22 PM
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6,614 posts Joined: Mar 2011
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QUOTE(culain99 @ May 20 2015, 12:15 PM) OK, I try next month, Call them few days before maturity. Depending on the amt, may need few levels of approval right up to their HQ. That was my experience with them. BM, division mgr then all the way to HQ. 1st year - negotiated 2nd year - too busy,missed - auto renew on standard rate 3rd/this year - set reminder - try to negotiate This post has been edited by bbgoat: May 20 2015, 12:22 PM |
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May 20 2015, 12:24 PM
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48,441 posts Joined: Sep 2014 From: REality
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QUOTE(bbgoat @ May 20 2015, 12:22 PM) Call them few days before maturity. Depending on the amt, may need few levels of approval right up to their HQ. That was my experience with them. BM, division mgr then all the way to HQ. they cannot do at Branch level.. need to get approval until HQ  |
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May 20 2015, 12:27 PM
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6,614 posts Joined: Mar 2011
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QUOTE(nexona88 @ May 20 2015, 12:24 PM) they cannot do at Branch level.. need to get approval until HQ Sure lah, if your amt is high and you asked for 0.5% more, branch level cannot approve. Haha ! |
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May 20 2015, 04:34 PM
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4,081 posts Joined: Aug 2005 
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is bank rakyat ok ka? y their FD acc can gib so good interest rate. not like other bank hoohaa hoohaa... haha... n also how much is their bankers cheque?issit standard price? tq... newbie looking to put good use my extra money..
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May 20 2015, 04:46 PM
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All Stars
48,441 posts Joined: Sep 2014 From: REality
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QUOTE(low yat 82 @ May 20 2015, 04:34 PM) is bank rakyat ok ka? y their FD acc can gib so good interest rate. not like other bank hoohaa hoohaa... haha... n also how much is their bankers cheque?issit standard price? tq... newbie looking to put good use my extra money.. Main question. No PIDM Protection okay or not for u? |
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