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Fixed Deposit Rates In Malaysia V. No.8, Please Read Post#1 and #2
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Ramjade
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 May 30 2015, 02:10 PM
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QUOTE(cybpsych @ May 30 2015, 02:02 PM) assumptions for simulation-sake: 1) 1 month = 30 days, 3 months = 90 days, 12 months = 360 days 2) "withdraw and put it in again" = fund only, excluding interest gained from 1st-3rd placement then, the interest gained from 4X 3mth @ 4.5% p.a. = 1X 12mth @ 4.5% p.a. if include interest, you'll gain few ringgit more. Thank you for your explanation |
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Ramjade
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May 31 2015, 08:03 AM
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QUOTE(alvinkhorfire @ May 31 2015, 07:53 AM) No offense intended, Bro. Thanks for sharing the info with us.  So, our best guess that is that Affin will only credit the interest to us, after 15 months. The thing is that I want to be armed with the complete information here, so that we can get the maximum benefit out of placing the FD. Sometimes, some clueless bank officers may give us the wrong information, and thus we may miss out some benefits. Good thing is that we have this forum thread to know about the latest FD promotions.  None taken. I never have the need to ask them to give me my interest monthly. I ikan bilis only. If want monthy interest, maybe RMxx only. No point. |
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Ramjade
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May 31 2015, 08:42 AM
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QUOTE(wil-i-am @ May 31 2015, 08:40 AM) Affin 15 mths FD promotion is until when? End of the year |
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Ramjade
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May 31 2015, 07:58 PM
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QUOTE(bbgoat @ May 31 2015, 07:47 PM) I have mentioned on this before. You probably missed out on this. In April I went in on this UT/FD bundle of RHB.  I thought the ASG return is 5% to 6% range ?  Most likely is for the first year. As some said, you need to hold this for at least 2 years to make profit. 1st year, they charge you 5% upfront tax. Which effectively lowers your dividend/interest to 1-2% for that year. But we need to factor in the NAV as well. |
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Ramjade
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Jun 1 2015, 04:40 PM
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QUOTE(lowya @ Jun 1 2015, 04:32 PM) which bank/promo have you decided based on your criteria? Affin bank. 4.33% 15 months. Rm10k fresh funds. No stupid CASA. Just normal SA so that they can deposit interest + principal upon maturity. |
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Ramjade
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Jun 2 2015, 08:27 AM
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QUOTE(M3L7991 @ Jun 2 2015, 12:06 AM) Guys,i have around 25k in hand now. Where shud i put?looking for the short period fd or best option u guys can give..kinda blur now.. I'm not quite understand about the 3 month,6 month,9 month,12 month period. If i put the money for 3 months,what about the 6 months?shud i put new fresh fund or continuesly from the existing fund? What it means is the promo is ONLY valid for 3 months/6 months/9 months/12 months placement. If you want to enjoy promo rates for 3 months, then apply for the 3 months. However after 3 months, your FD will revert back to board rartes if don't withdraw and put into another bank. Same goes for 6/9/12 months. That is what this forum is here for. Showing the best rates for 3/6/9/12/15 months placement. So say you put for 3 months, after 3 months if you still need FD, you can refer to the forum for best rates. I don't think that there is a promo for 1 month. So if you are planning to go for 1 month, the best bank would be affin. Their board rates are the highest compare to the other banks in Malaysia. This post has been edited by Ramjade: Jun 2 2015, 08:28 AM |
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Ramjade
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Jun 2 2015, 10:15 AM
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QUOTE(M3L7991 @ Jun 2 2015, 10:02 AM) now i got the picture..thanks buddy for the clarification...so just took the promo chance and after the period end, take out the money and put into other promo fd..yeah But also have to depend on OPR. If OPR is cut, most likely promo rates will be cut. That's why I go for long term. At least won't be affected by OPR cuts.  |
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Ramjade
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Jun 2 2015, 10:29 AM
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QUOTE(M3L7991 @ Jun 2 2015, 10:22 AM) it seems like the short term period give more profit than the long one..and i don't quite understand about the OPR.. well, for the long term, which fd u suggest of a newbie? Not true. The only true one is HSBC 5% for 3 months. The rest are like 3.9%. Generally the longer you keep in the bank, the better the interest rates. Affin 4.33% for 15 months if you want to PIDM protection. If not, and you are lazy to go withdraw every year, go with MBSB 4.7% for 5 years. That one have no PIDM protection. |
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Ramjade
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Jun 2 2015, 10:59 AM
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QUOTE(M3L7991 @ Jun 2 2015, 10:35 AM) the HSBC offer sounds interesting...but.. i run through BSN CM Deposit-i. deposit minimum 1000 for 1 month tenure and get 3.15%. after 1 month i can auto renew the certificate and put again into 1 month tenure right?or am i wrong? HSBC only valid for new member. If you previosuly opened any account with them, you are not eligible. Min is RM5k and max Rm30k/person. One way around it is opening joint accounts to get 5% for 12 months. QUOTE ExampleA (you) - RM30k B (wife/husband) -RM30k A+B (joint) - Rm30k A+C (joint with relatives) - RM30k By opening 4 accounts with RM120k, you are getting "essentially" getting 5%/year (4x3=12)  But it is troublesome. You need to close accounts after 3 months. QUOTE(M3L7991 @ Jun 2 2015, 10:35 AM) i run through BSN CM Deposit-i. deposit minimum 1000 for 1 month tenure and get 3.15%. after 1 month i can auto renew the certificate and put again into 1 month tenure right?or am i wrong? For what you want to open BSN at 3.15%/month when affin gives you 3.25%/month? |
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Ramjade
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Jun 2 2015, 11:17 AM
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QUOTE(M3L7991 @ Jun 2 2015, 11:10 AM) BSN because it hassle free (got an account and my saving is there) now, what i don't quite understand is the tenure. tempoh 1 bulan dengan kadar keuntungan 3.15. or as u said earlier, affin bank give 3.25% per month. so the profit will be counted per month or per annum? let say, if i put 15k into Affin Bank, how about the tenure? but if i'm not mistake the Bank Rakyat offer quite high.. QUOTE Example
BSN
10k x 0.0315 x (1/12) =RM26.25
Affin
10k x 0.0325 x (1/12) = RM27.08 |
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Ramjade
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Jun 2 2015, 01:44 PM
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By the way, how much is affin interest rates? Is it as high as M2U savers?
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Ramjade
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Jun 2 2015, 02:06 PM
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QUOTE(ivzh @ Jun 2 2015, 01:58 PM) Thanks for the suggestion, i m interest to put my fd in HSBC for the 5%PA interest if i m going to have 4 FD account FD A (mine) - 30k FD B (mine + mother) - 30k FD C (Wife) - 30k FD D (mine + wife) - 30k after 3 month, i should gain 120000x5%= 6000 am i correct? Did some google but couldn't find the T&C for the FD promotion. So the promotion end on 30th june 2015? anyone have the link? TQ Yes. You are right. But make sure you close account after 3 months or else the rates will revert back to board rates. |
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Ramjade
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Jun 2 2015, 03:56 PM
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Sorry. My calculations were wrong
This post has been edited by Ramjade: Jun 2 2015, 04:24 PM
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Ramjade
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Jun 2 2015, 03:58 PM
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sorry. Calculations wrong
This post has been edited by Ramjade: Jun 2 2015, 04:23 PM
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Ramjade
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Jun 4 2015, 02:09 AM
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QUOTE(kyenli @ Jun 4 2015, 01:47 AM) But Affin's long term FD also they will reduce the rate if OPR reduce. Huh? Since when? Once you put for that specific term, the bank will honour the rate when you put regardless whether OPR goes up or down |
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Ramjade
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Jun 4 2015, 11:08 AM
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QUOTE(yao_mou_gao_cho @ Jun 4 2015, 10:45 AM) I believe the terms 'subject to OPR" is referring to the promotional rate. Since the promotion period is long (until 31 Dec 2015), there might be changes of OPR in between. Lets say the OPR reduced by 0.25% on July 2015, those who place the deposit after the changes will get the effective rate of 4.08%. But those who place the deposit before the OPR reduction will still get 4.33%. Correct me if I am wrong.  Any ideas sifu? |
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Ramjade
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Jun 8 2015, 05:38 PM
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BoomChaCha
What happen? You are not leaving for good right? Are you going on holiday? (refering to captain's post)
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Ramjade
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Jun 9 2015, 12:20 AM
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QUOTE(BoomChaCha @ Jun 8 2015, 11:38 PM) Property market will collapse for sure.. Good. Then I can buy house. House is damn freaking expensive. Rm500k+ for double storey house in klang valley. Last time was just RM300k+. Still can afford. |
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Ramjade
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Jun 9 2015, 06:26 AM
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QUOTE(Gen-X @ Jun 9 2015, 01:41 AM) And if we do face another Recession, Cash Is King! But if it reached the level of Japanese Banana money of WW2 or Argentina peso, cash is no king then.  |
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Ramjade
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Jun 9 2015, 09:00 AM
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QUOTE(wil-i-am @ Jun 9 2015, 08:38 AM) I never look at price of house anymore. Cannot afford. But I know definitely >rm500k for a double storey house. >rm500k can also >rm1m. Hehe... Klang area. Bukit tinggi, botanic all >rm750k already This post has been edited by Ramjade: Jun 9 2015, 09:01 AM |
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