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

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bbgoat
post Jun 2 2015, 01:36 PM

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QUOTE(Limmf77 @ Jun 2 2015, 12:32 PM)
No problem for me.. in fact i just use affin online to pay my credit card bill.
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QUOTE(bbgoat @ Jun 2 2015, 01:30 PM)
Did you login thru' the below link:

https://rib.affinonline.com/rib/pb/logon

Thanks !
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OK, found out the problem. Firefox was having problem with the link. Used IE and can go in. shakehead.gif

Thanks !
bbgoat
post Jun 3 2015, 08:23 AM

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QUOTE(esy @ Jun 3 2015, 12:29 AM)
... from what I understand Mubben is different from Berjanka. Mubben is sort of an Islamic Investment Deposit Account with a Timeline, and any Investment sort of Instrument does come with some level of risk. Berjangka is the normal Fix Deposit account. All are base on the Islamic principal. How did you end up opening this Mubben account? Like all sort of like Unit Trust or ASN Investment tools, they will need to send you a statement of how well or poorly your investment have done yearly. It is only my personal understanding, and I stand to be corrected ...  smile.gif  ...
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When you place the FD, there is no way to know what product you are getting at BR, unless you ask. Most customer just thought it is an FD. I also did not know until Ah Boom has problem then looked into the FD cert. biggrin.gif

QUOTE(gsc @ Jun 3 2015, 12:51 AM)
ocbc FD still the same. Just made a FD placement on 1 June, 180 days 4% and 180 days 4.4%. Islamc FD 12 months at 4.2%. I did not ask the promotion period. Guess it is till end June.
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OCBC FD 4.2x% promo until end of July. biggrin.gif

QUOTE(judehow @ Jun 3 2015, 04:04 AM)
Okay that means once I banking at slip they will print out 4.4% ?
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The cert will print 180 days/4%, 180 days/4.4%. biggrin.gif
bbgoat
post Jun 3 2015, 09:17 AM

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QUOTE(judehow @ Jun 3 2015, 08:31 AM)
But RHB got 6.86  for FD not sure which too choose?? Haiz
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This one likely to be a bundled product with UT or other CASA product. Is it with ASNB UT ? hmm.gif

This post has been edited by bbgoat: Jun 3 2015, 09:20 AM
bbgoat
post Jun 3 2015, 02:27 PM

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In AmBank around 11.30am. Uplift FD and do Rentas at RM4.24. But up to 2pm still fund not at CB ! So Rentas is not really immediate ?? shakehead.gif

AmBank FD promo 4 months at 4%, 9 months 4.15%. Until end of July. biggrin.gif

Update: The Rentas fund showed up at 2.40pm, about 3hrs after the OTC transaction. shakehead.gif So IBFT is immediate while Rentas do take "some" time ? Or is it depending on the banks involved ? hmm.gif

This post has been edited by bbgoat: Jun 3 2015, 02:41 PM
bbgoat
post Jun 3 2015, 05:27 PM

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QUOTE(gchowyh @ Jun 3 2015, 04:28 PM)
I just got my interest due today without issues, & it is berjangka
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Ah Boom have problem with BR. Hehe ! tongue.gif

QUOTE(dEviLs @ Jun 3 2015, 05:09 PM)
if not mistaken there are two types of it, instant interbank or Rentas
where Rentas runs batch twice a day..so urs should be waiting for the noon batch run

someone from bank industry can verifies this ?
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The OTC IBG cost RM2.12, Rentas RM4.24 in AmBank. So instant interbank & Rentas the same or like online IBFT ?

So far online IBFT is really INSTANT as far as I am concerned. biggrin.gif
bbgoat
post Jun 4 2015, 08:36 AM

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QUOTE(wil-i-am @ Jun 3 2015, 11:07 PM)
Any promo for 12 mths?
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AmBank seems to be trying to compete for <12 mths FD. They told me on 4 & 9 mths FD promo only. biggrin.gif

QUOTE(??!! @ Jun 4 2015, 12:09 AM)
Uplifted FD from BR last Fri. Despite whatever I read here, BR refused to issue BC and insisted the only cashless way I can get my money out was via Rentas. trans done at about 11.30 am. I split the amount to Alliance Band and CIMB. No show of funds at both banks until at about 11 pm  vmad.gif
Despite my frenly RM at both banks allowing me to pre sign forms for FD placement and waiting until 6 pm to effect the FD, it cannot be done until the foll Monday. Lost 3 days' interest there.

Wonder if I can lodge a complaint to BNM .. i thought the guideline says latest before 5 pm?

1 more cert maturing soon and will not step back into BR again.
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The BC talk is for the branch that I was in. It is also when we complained in the high tea session in a hotel. Also my branch last time said no Rentas except for business acct. So, each branch of BR is operating differently ! doh.gif

After dropping more than half of my deposits there, I am just maintaining my acct since Feb. Just renewing matured ones. But I really like their monthly interest and no issue for me, unlike Ah Boom ! tongue.gif

Surprised with your Rentas, worst than my experience. I remember I asked about it and few forummers said it is IMMEDIATE. But learned yesterday that banks run Rentas in batches. biggrin.gif

This post has been edited by bbgoat: Jun 4 2015, 08:38 AM
bbgoat
post Jun 4 2015, 09:48 AM

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QUOTE(magika @ Jun 4 2015, 09:13 AM)
There is a cutoff time for Rentas at around 11 am. After that might as well perform IBG. Rentas is for normal business use only.  tongue.gif
Usually it can be done individually or if they are lazy then in batches.
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For my yesterday's case, the Rentas did do the work. Though it is after 11.30am, still received by 2.40pm. Enough time for me to place FD. If use IBG which saves RM2, likely to be after 8pm. tongue.gif

But you big boss, BR do not allow for me to do Rentas, have to pay for their IBG. You, big boss, FOC for Rentas ! rclxms.gif notworthy.gif

This post has been edited by bbgoat: Jun 4 2015, 09:49 AM
bbgoat
post Jun 4 2015, 10:48 AM

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QUOTE(cybpsych @ Jun 4 2015, 10:16 AM)
when i opened mine (affin basic saving account), there is RM10 for ATM bankard (i refused to take debit card tongue.gif). not sure if this fee is recurring annually.
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When I opened FD acct and a SA with Affin last year August, no card was issued. For online banking they gave me a slip with some numbers for online acct opening. Unlike some banks that you need ATM/debit card for online acct opening. You have to pay the 1st year fee then cancel it after setting up online acct to avoid yearly fees. shakehead.gif So Affin wise, is good in that aspect ! rclxms.gif

This post has been edited by bbgoat: Jun 4 2015, 10:49 AM
bbgoat
post Jun 4 2015, 11:45 AM

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QUOTE(bbgoat @ Jun 3 2015, 02:27 PM)

AmBank FD promo 4 months at 4%, 9 months 4.15%. Until end of July.  biggrin.gif

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Received SMS from AmBank. The above promo min 20k for individual, 30k for non individual.

So far, good experience with AmBank on getting lottery prizes and gifts. BUT their system is slow ! biggrin.gif
bbgoat
post Jun 4 2015, 02:28 PM

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QUOTE(BoomChaCha @ Jun 4 2015, 12:45 PM)

"Wa Ka Lu Kong".. as long the FD cert is printed with 4.33% for 15 months, this is bound by law,
you have to honor it..  Don't play play with me..

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Ah Boom, interesting picture ! Now we know which side you are on. tongue.gif

This post has been edited by bbgoat: Jun 4 2015, 02:29 PM
bbgoat
post Jun 4 2015, 10:24 PM

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QUOTE(tonytyk @ Jun 4 2015, 08:17 PM)
Affin FD PROMO 4.33% since last year? Is the best rate compare to other banks, right?
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The 4.33% is recent promo. Depends on the tenure, check first page for the rate/tenure that suits you. biggrin.gif
bbgoat
post Jun 5 2015, 01:31 PM

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In HL to uplift FD. Paid RM0.68 for BC. They only have 3 mth FD promo at 3.80%, 3.85% for PB.

Went to Affin to go for their 15 mth 4.33% FD. This promo is until end of Dec 2015 or 200 mil target. biggrin.gif

Wanted to add to the BC's cheque using personal cheque, was told cannot do so. Some banks just "mix and match" between cash & cheques. But Affin Bank not allowed. shakehead.gif

This post has been edited by bbgoat: Jun 5 2015, 01:33 PM
bbgoat
post Jun 5 2015, 01:48 PM

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QUOTE(tonytyk @ Jun 5 2015, 01:34 PM)
First page shows OCBC 4.33% effective rate from what looks like a step up / roll over type of FD, but not really step up / roll over FD, ie you won't get the published interest rate, even if you keep the fund as per deposit period of 4 months, 8 months etc. NEED TO KEEP FUND FOR 15 months
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You mean Affin Bank ? hmm.gif

This post has been edited by bbgoat: Jun 5 2015, 02:28 PM
bbgoat
post Jun 6 2015, 10:18 AM

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QUOTE(Ancient-XinG- @ Jun 6 2015, 09:30 AM)
MBB FD JOY.

3.5 p/a

for 1 month only
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Long time no post. Lurking in this thread ? hmm.gif

Interested in short term FD then go for ASNB funds ? brows.gif tongue.gif
bbgoat
post Jun 6 2015, 12:02 PM

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QUOTE(BoomChaCha @ Jun 6 2015, 11:17 AM)
BR sent me the letter stated that the interest rate is lower that what they had offered me
(for example 4.2% instead of 4.3%), so maybe I will go to BR HQ to ask for their explanation.  sad.gif
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How long was the tenure for the BR FD ? hmm.gif
bbgoat
post Jun 6 2015, 01:54 PM

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QUOTE(BoomChaCha @ Jun 6 2015, 01:43 PM)
Ah Sir, I am talking about my 5 years FD.

This 5 years FD called Mubeen when I first placed this 5 years FD about 3 years ago.

Just last week, BR sent me a letter (see below attached letter) stated that BR is buying back my
old Mubeen and exchanged me with new Berjangka, (I guess that's why I have not received my interest)
but the interest rate stated on the letter for new Berjangka was lower by 0.1% if compared to old Mubeen.

So, I think maybe I have to go to BR HQ to get clarification; my BR branch officer I think is useless
and I do not think she can help me since this letter is sent by BR HQ.

I don't care how do they want to change the FD product, but the interest must be at least the same or
higher; but definitely cannot be lowered... bruce.gif

Another possibility is that it could be a typo error on the BR letter...

[attachmentid=4475685]
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Oh, I thought ur 5 yrs FD with BR over already. So you have few 5 yrs FD with BR ?

This reminds me that I read from somewhere that the FD rate is not guaranteed for Islamic FD. "Profit rates are not guaranteed" has been shown by some banks. hmm.gif

This post has been edited by bbgoat: Jun 6 2015, 02:17 PM
bbgoat
post Jun 6 2015, 05:26 PM

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QUOTE(BoomChaCha @ Jun 6 2015, 04:04 PM)
Ah Sir, my BR 5 year FD cert (Mubeen) is stated clearly that the
return of the FD is guaranteed.
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You can go and talk to BR HQ then !

From page 1:

"If you are willing to go deposit with a non PIDM member, then check out Bank Rakyat Deposit Account -i which is based on Islamic Principles and like all Islamic banks' products, the profit rate cannot be guaranteed."

I think there was discussion on this aspect 3 years or so ago. Anyway so far what I get from BR has been fixed per the FD cert. biggrin.gif

This post has been edited by bbgoat: Jun 6 2015, 05:27 PM
bbgoat
post Jun 6 2015, 10:05 PM

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QUOTE(magika @ Jun 6 2015, 08:31 PM)
Not Scxxed meh !,  tongue.gif
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Some one here teach me, no risk no gain. tongue.gif

Change of philosophy now ?? laugh.gif

This post has been edited by bbgoat: Jun 6 2015, 10:09 PM
bbgoat
post Jun 7 2015, 12:12 PM

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QUOTE(BoomChaCha @ Jun 7 2015, 10:48 AM)
Ah Goat Sir,
Affin bank allowed me to add cash together with banker's check when I placed 4.33% FD few days ago..
RHB also allows to add cash together with banker's check when want to place FD ...
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Ai, this small fish not allowed to mix and match. cry.gif

I wanted to add CB cheque but they said their system not allowing it as FD need to point to source of fund. Need to pull big fish like Ah Boom and Big Magician with me. tongue.gif

QUOTE(magika @ Jun 7 2015, 11:57 AM)
This one need to make big fuss at bank lah.  Demand to see manager or call hotline on the spot, or take money go back home and sleep. tongue.gif
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Should have pulled you along .......................... tongue.gif

Just small amt in CB cheque compared with the BC, so no big deal to me. May just move to OCBC combining with another HSBC's FD next week. biggrin.gif

QUOTE(magika @ Jun 7 2015, 11:57 AM)
Follow where the wind blow  laugh.gif
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sweat.gif Oh, oh ............................... sweat.gif
bbgoat
post Jun 7 2015, 01:18 PM

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QUOTE(gsc @ Jun 7 2015, 12:58 PM)
I am interested too especially on the daily interest caculation. I guess that applies only to UOB eAccount. But there is nothing mentioned on the detail on this eAccount. Anyone has place a FD on this ? I have received two gifts from Ringgitplus through Ocbc.
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It is for new to bank customer. You are UOB PB customer, right ? biggrin.gif

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