hi guys, would like to seek opinion from you all, if I have 15k on hands, which bank should i go? I don wish to go for bank without PIDM, and also the interest bank into saving/current account of thr bank. Wish to keep the money rolling. Thanks ya.

Wow this looks good ... especially when it says the eff rate is 4.09% for 6mths as stated in the English T&C which said it is based on the Premium savings acct (PSA).

The interest rates table for the PSA says 2.4% for 91-150 days. Unfortunately, i tried & tried calculating but just could not get any effective rate more than 4%.

Can someone else try to verify the 4.09% ?

Yah, beats me how HLB works out the effective interest rate. I guess what you can do is for the remaining last 2 months (for the 20%) just use their board rates and see what you get and I don't think you will get close to 4%

This is how HLB calculated the 4.09%:-
80% @ 4.35% x 6 mths
20% @ 2.40% x 4 mths and 4.35% x 2 mths

But in real life, depositor can never gain 4.09% effective because the 20% yields only 2.25% if withdraw from premium SA after 120 days.
Also, HLB is assuming the last 2 months of the 20%, depositor gets 4.35% which is not possible.

Premium SA rates:
https://www.hlb.com.my/main/info-centre/per.../interest-rates

This post has been edited by aeiou228: Jan 15 2015, 05:51 PM

Hi guys, new to this whole FD thing. i have 30k in hand. If want to get 3 months FD from public or maybank, can i apply online?

This post has been edited by shetty: Jan 15 2015, 05:35 PM

just being called by UOB, their current FD promotion is:
3 months - 3.85%
12 months - 4.1%

You can do e-FD with Maybank (not sure on Public Bank) but it is usually according to the board rate (non-promo rate)

yea, but jz normal board rate..
if mbb, u can place online, they will call ur phone to confirm..
pbb u need go their branch collect the fd cert i think..

Yes, for PBB can also place online.

PBB will print the FD cert out and hold for you. Years ago, I collected it almost 2 months later as I was out of the country.

This post has been edited by bbgoat: Jan 15 2015, 06:37 PM

btw, mach fd the interest is pay monthly? the monthly they count by?
for example 1k fd,
each month they pay out 4% of 1k= 40 / 12 = the fd interest?

i placed some fd on 4th week of dec, then 31st dec i get interest, but i not sure the interest is from FD or from moneybox.. i place a few fd, but the interest only 1 time.

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BEST MEME EVER !!! lol

Hi, Just want to ask the following case (example only):

FD placement 10k for 3 years, rate at 4%. Interest paid every 6 months.

The clause said: For early withdrawals after 3 months from placement date, the profit payable will be half (50%) of the contracted rate based on completed months.

After 1 year, the total interest received rm 400, deposited to saving account.
If let's say i terminate my FD earlier, at after 1 year 1 months, how much will i get then?

does it mean that they will minus rm 200 (50% rate as the clause said) from my saving account?

Heard over BFM today that bank rakyat is going to offer personal loan for flood victim at 3.x% . guess they will be needing more deposit soon

Thanks for the update. This makes Ocbc is slightly better with 12 months at 4.2%

Yeah, get the 3.x% from BR, put it into 4.x% fd, extra pocket $ yo

Well, like I reported earlier UOB Christmas Promo extended and they are offering 4.2% 12 Months too but min RM50K and not RM50 I mentioned earlier, hahaha

To ALL:

Once again, check my Fixed Deposit Page for latest FD Promo.

Reason why I have been checking bank's latest FD rates recently is because I have funds due next week and so have updating my FD Page whenever I have new info.

This post has been edited by Gen-X: Jan 16 2015, 09:15 AM

I think we need to encourage people to refer to Captain's blog, this thread's post 1 & 2. Some of the promo's has been reported or ongoing for some time.

I was just at UOB yesterday & confirmed FD promo 4.2% is still on but not applicable for the gold gift though.

Side tracking a bit, I was introduced to Pru Retire Guard & was wondering if anyone participated in it before.
The attractive point is that it can be withdrawn anytime after the first year & 6th - 20th year it will provide 7% guaranteed interest.

The only -ve is 1st - 5th year, there is no guaranteed income but 1st year there is potential of getting 5% interest.
It seems to have been in the market since 2012 (https://forum.lowyat.net/topic/2497079/all) so wondered if anyone has gone into it before & gained some good interest out of it.

4.5% for 1 year

4.75% for 2 years

5% for 3 years..

promos like these, we are anticipating patiently...