Fixed Deposit Rates In Malaysia V. No.8

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Fixed Deposit Rates In Malaysia V. No.8, Please Read Post#1 and #2

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okuribito	Feb 2 2015, 01:46 PM Return to original view \| Post #41
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(wkalvin @ Feb 2 2015, 10:35 AM) how come I call SCB but they mentioned 3.8% for 12 motnhs? anybody can share a contact person to get 4.25%, how about min saving, 10k or 50k ? TQVM promo is 9m 4.25%, 15m 4.5% ... 12m no promo. afaik 5000 oso can as long as fresh fund This post has been edited by okuribito: Feb 2 2015, 01:48 PM
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okuribito	Feb 4 2015, 01:54 PM Return to original view \| Post #42
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(nexona88 @ Feb 4 2015, 01:02 PM) Bank Negara Malaysia (BNM) is likely to maintain its overnight policy rate (OPR) at 3.25 per cent into 2016, said Standard & Poor’s (S&P) Ratings Services today. haha let's hope their prediction holds. put this way, chances of lowering rates is higher than of raising rates at the moment (imho, though we like it to go up, the majority will scream if it does)... therefore if they maintain rates is already "good" hmmmm now feel like frog in sauna, slowly boiled to death ps: nice avatars
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okuribito	Feb 5 2015, 12:09 AM Return to original view \| Post #43
Regular Senior Member 1,021 posts Joined: Mar 2010	PSA ... SCB 15m 4.5% promo last day this Friday! 2 days to go!
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okuribito	Feb 6 2015, 12:36 PM Return to original view \| Post #44
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(eleven dragon @ Feb 6 2015, 11:51 AM) Anyone has experience in premature withdrawal of FD, from BankRaykat? Mine at 3.95% last year, due in May this year. I was wondering if I take it out now, and put into higher FD promo, is it advisable? thanks all... Haven't premature withdraw from BR before BUT they have been telling me that you will get the rate for the mths completed... for example: your 12m 3.95% fd start may 2014 say you withdraw end Jan = 8.x mths = round down to 8 full mths rate for 8mths at the time your fd started ie the rate in May2014 if diff than current ... say 3.6% (you can check prev threads say V6 or V7) interest payable to you = princ x 3.6% x 8/12 There is no "50%" penalty AFAIK. Suggest you go to your branch & ask them to calculate ... show them above formula & ask for confirmation b4 you do anything. Go during off-peak hour la so they can entertain you better. Say you need money for emergency la Please report back with your experience
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okuribito	Feb 7 2015, 11:51 AM Return to original view \| Post #45
Regular Senior Member 1,021 posts Joined: Mar 2010	IMHO, you'll still be earning just short of 6.75%pa, the leakage being those few days your mthly payment sits there waiting for the next interest cycle.
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okuribito	Feb 7 2015, 12:36 PM Return to original view \| Post #46
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(bbgoat @ Feb 7 2015, 12:06 PM) Yes, that is true. But you still get higher rates than FD. Also longer term going into subsequent years if the trend holds. I think we are not talking about exactly 6.75%, anything above 6.35% is already higher than last year. Absolutely! no doubt about that just a thought... would you also delay your withdrawal? let's say if you can already withdraw 100% but outside fd still languishing ~ 4% while EPF still show ~6%... would you keep it there or take out? If keep it there: will they still pay you same interest as everybody else? can you withdraw anytime if you so feel like it? do they allow partial withdrawal thereafter or do they have some rule about how many times you can withdraw? I guess the answers are somewhere in the EPF website / pamphlets ... haha lazy to go dig... Anybody got quick answers at hand?
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okuribito	Feb 13 2015, 07:09 PM Return to original view \| Post #47
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(bbgoat @ Feb 13 2015, 07:03 PM) Oh, I did not ask if they give monthly interest for the 2 years 4.4% FD. That is a let down. Yeah, the SCB Islamic 15 mth 4.5% is really attractive ! But the hamper given by your BR branch looks better than mine. Previous years also the same. scb islamic 4.5% until when? any t&c?
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okuribito	Feb 14 2015, 08:22 PM Return to original view \| Post #48
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(bbgoat @ Feb 14 2015, 08:08 PM) Thanks, this confirms the info I got from the SCB leng lui 4 days ago. tq tq for link QUOTE “New to Bank Customers” mean applicants who do not hold any product with the Bank and/or Standard Chartered Bank Malaysia Berhad (“SCBMB”) prior to the start of the Campaign Period. campaign period feb 9 - Mar 31. wonder how strict they are about this condition. what if we already put money into the recent 4.5% conventional fd? This post has been edited by okuribito: Feb 14 2015, 08:23 PM
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okuribito	Feb 14 2015, 11:10 PM Return to original view \| Post #49
Regular Senior Member 1,021 posts Joined: Mar 2010	avfan and all, read today's Star Biz section... an article by smart cookie Andrew Sheng - he says go with usd, something about there are strong indications of interest rate hike. read it on paper, I'm sure you can find online. PS: here it is bbgoat, fingers crossed they will be accommodative... who knows This post has been edited by okuribito: Feb 14 2015, 11:37 PM
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okuribito	Feb 15 2015, 07:23 PM Return to original view \| Post #50
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(bbgoat @ Feb 15 2015, 07:43 AM) Why need "fingers crossed", if cannot put there, put elsewhere ! Or like some others, wait for interest rate to go up ! Need to put elsewhere, already too heavy loaded in SCB (more than BR, by the way while some of u think I am heavy loaded in BR ). Ha ha ha ! i think 4.5% 15m is the best at the moment. i got maturity coming up in early march lah. what's my alternatives ? even BR only 4.4% for 2 yrs. pbb step up also gonna end 28/2 hehe anyone else got love letter from BR to top up?? ask me to top up else kena charge "fi" hahaha frankly can give them back lah no biggie
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okuribito	Feb 16 2015, 05:08 PM Return to original view \| Post #51
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(Gen-X @ Feb 16 2015, 01:55 PM) » Click to show Spoiler - click again to hide... « Previously I mentioned to you guys about Maybank Q Cash if you need to park your funds for short period, i.e. days not months. I have a huge outstanding credit card bill due end of next month, So thought I use some of the standby funds for the CC bill by trying out MBB Q-Cash instead of going with 1 month FD. Here's what I found out: 1. "Interest" for Q cash will only be paid for working days. 2. If you "order" the Q-Cash before 10am, interest will be paid for that day too. 3. If you want to withdraw from Q Cash, you have to instruct before 10am so that the money will be credited into you account after 3pm. And best of all, you also get "interest" for that day too! Now, 19 and 20 Feb are public holidays. So I'll not be paid any interest. So this is what I did: Order Q-Cash today 16/2 and have it to be withdrawn on 18/2. -Therefore I should get 3 days "interest". The money will be credited into my M2U Savers Account on 18/2 and on 23/2 to be withdrawn again to place another order for Q Cash, this time for 30 days (I want to see how much interest from 1-Cash versus 1 month FD). So I will get 5 days interest up to 2.45% p.a. from my M2U Savers Account. Click here to my article The Best Savings Accounts in Malaysia to learn more about Maybank2U Savers and i-Savers Account which pays you reasonable interest rates compared to other savings account. FYI, minimum "deposit" for Q-Cash RM50K. However, My RM inform me if place RM250K with Q-Cash, the "interest" better. For more details you got to go find out yourself. And to maximize the returns from Q-Cash - better to wait after MBB to declare "extra" income distribution - once again you got to go find out about this. I can only tell you more end of next month. And I'll be flying off soon. So I take this opportunity to wish all who are celebrating CNY - Happy Chinese New Year AND and may all of us (including those not celebrating CNY) - HUAT AH! P.s. Click here to see the Chinese New Year Red Packets I collected from the banks. OT - And for those who have Maybank Credit Cards and Alliance Bank Platinum Credit Cards - click here to my facebook page for some very important announcement. You don't need to friend me to read my posts at facebook. And once again, I reiterated why you should sign up for Alliance Privilege Banking if you are using a Visa or MasterCard. Hi Gen-X, I was tracking the Q-Cash quotes a few weeks back. Based on their fact sheet, seems the return is 3.25%pa which imho is good given the flexibility. Is there a buy/sell spread or is it just one daily price? Since they make distributions every last day of the month, I'd assume that the daily price is reset to RM1.00 every first day of the month? Regarding interest for working days only, I'm sceptical ... one way to confirm is to compare the daily price on a Friday with the daily price the following Monday. Let's say the return is 3.65%pa (for ease of calculation), each day return =3.65%/365 = 0.01% or RM0.0001. If monday price is RM0.0003 more than friday price, then they pay for Sat & Sun. If not pay, then monday price s/be more by only RM0.0001 than Friday's ps: daily prices here QUOTE(nitehawk @ Feb 16 2015, 04:06 PM) What benefit does BR exclusive card provide? hahaha good question... afaik, they say they go to your house to pick up your transaction documents, free coffee, use of mtg room & free parking in their HQ (branches got how many parking slots??) and I dunno what else let's say the interest rate they giving is 0.2% less than other ppl's promos, what's the cost of these privileges? 300K x 0.2% = RM600 p.a. imho, not worth it. If they charge their "fi", then i'll give them back the card lah. Of course, your view may differ bbgoat hehe now BR is DMZ for me oredi. troops substantially redeployed to other hotspots. only small battalion of observers remaining till new positive devts emerge This post has been edited by okuribito: Feb 16 2015, 05:10 PM
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okuribito	Feb 19 2015, 04:55 PM Return to original view \| Post #52
Regular Senior Member 1,021 posts Joined: Mar 2010	Gong Xi Fa Cai!
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okuribito	Feb 25 2015, 04:08 PM Return to original view \| Post #53
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(bbgoat @ Feb 25 2015, 10:48 AM) Just talked to SCB RM: They have new FD promo for: Conventional FD: 9 mths 4.25% 15 mths 4.5% Conditions are single placement only, cannot split into multiple FD certs, min 5k to 1mil max. But I guess can get approval if needed. Until 31/3 or max 600 mil. Islamic FD 15 mth 4.5% promo for existing customer OK (fresh fund only) but need approval. Also need to wait for cheque to clear before effective. So might as well go for the conventional one. oh good, just in time for me thot of going to their saadiq branch for the islamic one. This means they did not meet quota the last round ending 28/2?? Or is this only for priority customer?
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okuribito	Feb 26 2015, 10:21 PM Return to original view \| Post #54
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(Human Nature @ Feb 26 2015, 08:47 PM) No need to record. The bank will conduct its own investigation. The main aim is to get BNM on the customer side regarding the chop/cross matter so that the dispute does not arise in future anymore. hsbc once photocopy our IC ... bloody enlarged double size. Then they stamp ... freaking tiny stamp in area with no details. I was like WTF??? So when the officer walked off somewhere I slashed my 2 strokes across the photocopy. When she came back, she said I cannot do that. i said wtf u mean i cannot do that. It's my IC, I can do what I like with it hahaha you have no right to enlarge double size... WTF LOL ... real a-holes these banks. We should all complain to BNM Btw, hv u all noticed a trend with new buildings? I was at Menara Hap Seng few mths back & the security/reception ask for my IC which i gave, maybe they just want to copy some details. But no! Bloody hell they put into reader & copy all the embedded info into their freaking security system. i looked at the screen - even my photo & fingerprint also copied. WTF!!! BR HQ also the same... but this time I refused to give. Know what they did? The asked me to smile at their camera... chik chak my mugshot into their hard disk. LOL another wtf moment
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okuribito	Mar 3 2015, 09:58 PM Return to original view \| Post #55
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(bbgoat @ Mar 3 2015, 08:21 PM) PBB extended their FD Xtra to end of June 12 mths effective rate of 4.18%. https://www.pbebank.com/Personal-Banking/Pr...A-Campaign.aspx hahaha I was just gonna post info on this extension. My friendly branch told me today went ambank to take care of a maturity today & found out just need to make a declaration for lost/misplaced cert, no charge or SD. Banker cheque 2.65rm regarding UTs, I know some ppl who w/drew from EPF to buy UT round about 2000 ... today still under water leh. Curse like hell pay upfront 5% & summore miss out epf 6%
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okuribito	Mar 5 2015, 11:50 AM Return to original view \| Post #56
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(bbgoat @ Mar 4 2015, 10:15 PM) Received SCB mailing of FD cert. Good, that saved me some time in the bank on Monday. The leng lui told me if I waited for the FD cert, it will be some time. Their system is kind of slow. Did notice a lot of customers in their normal banking area at that time. Regret did not join their PB earlier. slowest in the entire universe!!! I just wonder what they're doing in there my recent experience close to 2 freaking hours!!!
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okuribito	Mar 5 2015, 01:13 PM Return to original view \| Post #57
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(harmonics3 @ Mar 5 2015, 12:38 PM) SCB tends to cross sell other products like insurance and UT when you place FD promotion. BTW, anyone besides bbgoat manages to circumvent the "new to bank" requirement to open the 4.5% 15-mth FD? not in my case , no ... one look at me they know they will be wasting their time they're simply SLOW I think if you have OD account, you take out your money first in the morning eg using banker cheque (2.65 only) bank in to your OD acct immediately... then in the afternoon write a cheque from your OD acct to place the fresh fund FD?? Just thinking aloud, hv not tried myself
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okuribito	Mar 19 2015, 01:03 PM Return to original view \| Post #58
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(BoomChaCha @ Mar 19 2015, 11:01 AM) Ah Goat Sir, I just checked my SCB online banking, no interest is credited. Then I called to SCB Help Line at 1300 888 888, the leng chai asked me to check with the branch.. BoomChaCha I just had a look back at the T&C from the first campaign (ending Feb), it says "12.1 Campaign Bonus Interest Rate on the 9m or 15m fd's will be credited to ... nominated ...Account upon maturity" "Bonus Interest Rate" is defined as the 1.1% (for 9m) or 1.25%(15m) bonus over the board rates. No mention otherwise ie no restriction on the Board Rate interest. And note that "Total Interest rate" is also defined as Board rate + Bonus rate. So my interpretation is that the interest based on board rates should be credited 6 mthly according to the pre-printed notes we see on our certs. The bonus they will hold back & credit at maturity Let us know what their response to this is. Thanks
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okuribito	Mar 19 2015, 01:14 PM Return to original view \| Post #59
Regular Senior Member 1,021 posts Joined: Mar 2010	Boomchacha HumanNature gchowyh bbgoat ooops your SCB FDs weren't the recent 4.5% 15m deal, was it? That deal I referred to in prev post started only in Jan 2015 iirc. Since yours already 6m, means your deal was much earlier, right? This post has been edited by okuribito: Mar 19 2015, 01:15 PM
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okuribito	Mar 19 2015, 03:03 PM Return to original view \| Post #60
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(Human Nature @ Mar 19 2015, 02:25 PM) Hi, ours is the one ending on 19 sept, 2014. 4.25% for 15 months https://www.sc.com/my/campaign/special-rate...ampaign-tnc.pdf looks like they refined the tnc for the later campaign unfortunately i dun hv the link- just a hardcopy
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