my experience - date u deposit the check
Fixed Deposit Rates In Malaysia V. No.8, Please Read Post#1 and #2
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 Jan 18 2015, 06:50 AM
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Senior Member
1,021 posts Joined: Mar 2010 
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Jan 18 2015, 09:55 AM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(ikanbilis @ Jan 17 2015, 11:15 PM) I'm interested in the PBB FD promo. Anyone knows if I issue a personal check for the FD, is the FD effective date applicable on the date I deposit the check or the date when the personal check is cleared? Thanks Most banks FD same date as personal check deposit date for FD.   Encountered HL Islamic FD effective date 2 days later (for check to be cleared).  This post has been edited by bbgoat: Jan 18 2015, 09:56 AM |
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Jan 18 2015, 10:17 PM
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Junior Member
637 posts Joined: Jul 2012
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QUOTE(bbgoat @ Jan 18 2015, 09:55 AM) Most banks FD same date as personal check deposit date for FD. Experiences so far, Maybank islamic need to wait for cheque clearance, 1~2 days later, Ambank islamic on the day itself. Encountered HL Islamic FD effective date 2 days later (for check to be cleared). |
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Jan 19 2015, 09:41 AM
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Elite
8,601 posts Joined: Jan 2003 From: KL 
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QUOTE(harmonics3 @ Jan 18 2015, 10:17 PM) Experiences so far, Maybank islamic need to wait for cheque clearance, 1~2 days later, Ambank islamic on the day itself. Maybank - one may get the Cert one or day twos later after cheque clearance but the FD date starts from the day one went to deposit FD with the cheque. And it also matures on the date shown in the cert - i.e. you go can withdraw the money.This post has been edited by Gen-X: Jan 19 2015, 09:42 AM |
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Jan 19 2015, 11:41 AM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(harmonics3 @ Jan 18 2015, 10:17 PM) Experiences so far, Maybank islamic need to wait for cheque clearance, 1~2 days later, Ambank islamic on the day itself. QUOTE(Gen-X @ Jan 19 2015, 09:41 AM) Maybank - one may get the Cert one or day twos later after cheque clearance but the FD date starts from the day one went to deposit FD with the cheque. And it also matures on the date shown in the cert - i.e. you go can withdraw the money. Yes, agreed with Captain that MBB may get the cert 1 or 2 days later. Though one branch gave me the cert. the same day another branch have to wait 2 days later. But the start day still on the day I went to MBB.AmBank Islamic no issue. Only HL Islamic so far encountered have the issue of start day 2 days later but got the cert the same day. This post has been edited by bbgoat: Jan 19 2015, 11:42 AM |
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Jan 19 2015, 12:58 PM
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Elite
8,601 posts Joined: Jan 2003 From: KL
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QUOTE(bbgoat @ Jan 19 2015, 11:41 AM) Only HL Islamic so far encountered have the issue of start day 2 days later but got the cert the same day. 2 days interest gone for nothing and got to take into considerations when calculating effective interest rate, hahaI just updated Post#1 to include HLB, OCBC and UOB 12 months FD Promo valid until end 31 January 2015. Once gain, nomen reported OCBC 4.2% 12 Months minimum fresh fund only RM5K!!! Also, I just posted my article titeld My Credit Cards and Bragging Rights 2015. In this article I once again showed how I recycle my funds to qualify for Premier/Priority/Privilege Banking status, benefits of having PB status and what banks you should avoid. |
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Jan 19 2015, 01:55 PM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(Gen-X @ Jan 19 2015, 12:58 PM) 2 days interest gone for nothing and got to take into considerations when calculating effective interest rate, haha I was shocked initially. HL normal FD no such issue. Then calculated that though lose 2 days interest still better than the closest bank at that time.  |
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Jan 19 2015, 02:03 PM
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Senior Member
5,867 posts Joined: Feb 2006
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Any one has CHF deposit or account in Swiss bank ??
RM3.5m becomes RM4.1m instantly on 15 Jan 2015.  
Reason: Swiss Nationa Bank abandoning the Swiss franc's exchange rate floor of 1.20 francs to the euro. |
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Jan 19 2015, 02:28 PM
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Senior Member
2,811 posts Joined: Jan 2003 From: Selayang 
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sorry guys, the link below is in chinese, talking about banks competing for deposits
http://www.nanyang.com/node/676197?tid=460 but the main point is the article mention mbb offers a deal with 7.5% rate, but i cant seem to find any info..anyone can shed some light ? |
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Jan 19 2015, 02:38 PM
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Junior Member
20 posts Joined: Mar 2012 From: seri kembangan
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MBB 7.5% FD actually is a step-up FD:
1-3 mth 3.3% 4-6 mth 3.5% 7-10 mth 3.8% mth 11 5.7% mth 12 7.5% EIR:4.07% source: kwonghua Yitpoh This post has been edited by orangutan67: Jan 19 2015, 02:46 PM |
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Jan 19 2015, 02:44 PM
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Senior Member
2,811 posts Joined: Jan 2003 From: Selayang
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QUOTE(orangutan67 @ Jan 19 2015, 02:38 PM) MBB 7.5% FD actually is a step-up FD: thanks bro you are fast ! 1-3 mth 3.3% 4-6 mth 3.5% 7-10 mth 3.8% mth 11 5.7% mth 12 7.5% EIR:4.07% source: Kwonghua Yitpoh |
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Jan 19 2015, 03:37 PM
Show posts by this member only | IPv6 | Post
#312
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Senior Member
1,074 posts Joined: Sep 2013
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QUOTE(orangutan67 @ Jan 19 2015, 02:38 PM) MBB 7.5% FD actually is a step-up FD: My Premier Wealth RM gave me a different rate just today.1-3 mth 3.3% 4-6 mth 3.5% 7-10 mth 3.8% mth 11 5.7% mth 12 7.5% EIR:4.07% source: kwonghua Yitpoh  |
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Jan 19 2015, 04:46 PM
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Senior Member
4,821 posts Joined: Mar 2009
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QUOTE(orangutan67 @ Jan 19 2015, 02:38 PM) MBB 7.5% FD actually is a step-up FD: sure con a lot of aunty uncle with a big 7.5%.1-3 mth 3.3% 4-6 mth 3.5% 7-10 mth 3.8% mth 11 5.7% mth 12 7.5% EIR:4.07% source: kwonghua Yitpoh In other country, misleading advertisement would get fined. |
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Jan 19 2015, 04:56 PM
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All Stars
48,433 posts Joined: Sep 2014 From: REality
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-deleted-
 This post has been edited by nexona88: Jan 19 2015, 05:09 PM |
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Jan 19 2015, 05:04 PM
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Senior Member
1,021 posts Joined: Mar 2010
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why mbb no pidm??? wat's the catch?
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Jan 19 2015, 05:10 PM
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All Stars
48,433 posts Joined: Sep 2014 From: REality
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QUOTE(okuribito @ Jan 19 2015, 05:04 PM) why mbb no pidm??? wat's the catch? sorry. my mistake..Maybank got PIDM.. I tot MBSB  |
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Jan 20 2015, 09:40 AM
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Senior Member
1,021 posts Joined: Mar 2010
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QUOTE Under the Islamic Financial Services Act 2013, Islamic deposits will be reclassified as either principal guaranteed or investment accounts, and this could lead to a potential spike in operating costs and put further pressure on bank margins, they noted. .... Although some banks are still carrying out the reclassification of deposits to comply with the ruling, banking analysts feel the likely one would be the conversion of investment-based mudarabah (profit sharing) accounts to commodity murabahah (cost-plus). Anyone can elaborate what that means & what's the impact on FDMCGC players? Any impact on non-islamic FDs? Will Islamic FD or non-islamic FD five better rates? New rules may dampen prospects for banks This post has been edited by okuribito: Jan 20 2015, 09:43 AM |
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Jan 20 2015, 10:29 AM
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Senior Member
1,749 posts Joined: Oct 2007
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anyone placed the Maybank merdeka promo 6 months ago? If your FD matured already have you withdrawn it? i forgot how to count the interest already
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Jan 20 2015, 11:39 AM
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Senior Member
2,547 posts Joined: Jun 2008 From: KL
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QUOTE(lowya @ Jan 19 2015, 04:46 PM) sure con a lot of aunty uncle with a big 7.5%. Is this Step Up FD still available right now?In other country, misleading advertisement would get fined. |
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Jan 20 2015, 12:17 PM
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Junior Member
167 posts Joined: Oct 2009
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QUOTE(McFD2R @ Jan 19 2015, 03:37 PM) My Premier Wealth RM gave me a different rate just today. for premier customer only ? minimum amt ? |
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