Happy New Year 2015

We are now on Version No.8. Let's see which bank is to be the first to offer 4.8% for 12 months FD Promo

Previous Threads

Original FD Thread
Fixed Deposit Rates in Malaysia V2
Fixed Deposits Rates in Malaysia V3
Fixed Deposit Rates in Malaysia V4
Fixed Deposits Rates in Malaysia V5
Fixed Deposits Rates in Malaysia V6.1
Fixed Deposit Rates In Malaysia V.7

Note: Please refer to Post#2 for latest FD Promos by BoomChaCha

Notice / Disclaimer:-
Call & Visit the respective banks for confirmation & latest promotion.
We are not liable to any misinformation which might cause any financial or opportunity loss (which include FD rates & any others information).

Malaysia Major Commercial Banks and Foreign Banks Fixed Deposit / Time Deposit Rates as of 18 October 2014.

Bank - FD rates for 1 month, 3 months, 6 months and 12 months.


Affin Bank - 3.25%, 3.3%, 3.40% and 3.7% (Revised 18/7/14)

Alliance Bank - 3.15%, 3.2%, 3.25% and 3.3% (Revised 21/7/14). FD Gold 12 months 3.40% (Interest paid monthly).

AmBank - 3.15, 3.2%, 3.25% and 3.35% (Revised 18/7/14)

Citibank - 2.95%, 3.10%, 3.10% and 3.20% (Revised 17/7/14)

CIMB Bank - 3.15%, 3.2%, 3.25% and 3.30% (Revised down 7/10/14)

Hong Leong Bank - 3.05%, 3.1%, 3.2% and 3.30% (Revised 16/7/14)

HSBC Bank - 2.90%, 3.10%, 3.15% and 3.25% (Revised 16/7/14)

Maybank - 3.15%, 3.20%, 3.25% and 3.30% (Revised 16/7/14)

OCBC Bank - 2.75%, 2.85%, 2.9% and 3.05%

RHB Bank - 3.15%, 3.20%, 3.25% and 3.45% (Revised 18/7/14)

Public Bank - 3.15%, 3.20%, 3.30% and 3.35%. PB Golden 50 Plus 12 months 3.45% (Revised 16/7/14)

Standard Chartered Bank - 2.95%, 3.10%, 3.15% and 3.25% (Revised 23/7/14)

UOB Bank - 3.05%, 3.10%, 3.10% and 3.30% (Revised 18/7/14)

Fixed / Time Deposit and Savings Account Promotions April, May, June and July 2015.
Please call the nearest bank to reconfirm the rates (go to the bank website for bank contact number where you can also get the contact number of the branch nearest to you) before going to the bank to check if promotions are still valid.


ALLIANCE BANK - Valid until 31 May April 2015.

Check with them if they are still offering FD Gold 4.2% for 12 months tenure. Minimum RM30K and for those above age 40 only.

For those who are into online banking, Alliance Bank offering 4.1% for 12 months - extended until 31 May 2015.


*
CIMB - Valid until 31 May 2015.

3 months 3.9%
12 months 4.2%

*
HONG LEONG BANK Islamic- Valid until 31 May



*
HONG LEONG BANK - Valid until 30 June. Contributed by cybpsych

3-month @ 3.80% p.a. (3.85% p.a. for Priority Banking), min. RM10k fresh fund



*
MACH by HLB - MACH 4% for their 9 Months FD online interest rates.



*

OCBC BANK - Minimum Fresh Fund RM5K. Valid until 31 July 2015.

6 months - 4.0% NO stupid CASA thingy.
12 months - 4.2% NO stupid CASA thingy.

UOB BANK - Minimum Fresh Fund RM10K. Valid until 30 June 2015.
No Stupid CASA Requirements, No Step Up Rubbish and No need to have Savings or Current Account!

3 Months - 3.85% NO stupid CASA thingy.
6 Months - 4.05% NO stupid CASA thingy.
12 Months - 4.2% NO stupid CASA thingy.

*

PUBLIC BANK - 2 Step Up Promos until 30 June 2015.
Please read the fine prints and understand them and do not complainif you get lower interest rates for subsequent rool over. However if the interest rate goes up, you'll be happy.





*

BANK RAKYAT - NOT Eligible for PIDM

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.



Thanks to all members who highlighted that deposit more than RM5K with BR is now eligible for monthly dividend. However, please note that many members here reported that their monthly dividends were not be credited monthly but they have to call up BR staff to have it done manually every month!!!
Special thanks to bbgoat for reporting the tenure to be eligible for monthly dividend:
**



For more Fixed Deposit Promotions and my comments on them, please click here to my FD Page. In my FD Page I also touched on Maybank Q-Cash where you can deposit your money short term ( minimum 1 day up to 29 days or more and earn "interest rate" similar to 1 Months FD's rate.

If you are new to Fixed Deposit or even a serious FD fan, click here to my article Get More FREE MONEY With The Right Fixed Deposit Promotions.

And if you want to know the quickest way get Fresh Fund to be eligible for Fixed Deposit Promotion without even leaving the bank where you are withdrawing your matured FD; click here to my article titled A Little Bit Of This and A Little Bit of That - Vol.1, Chapter IV. In this article I will show you how to be eligible for FD Promo with fresh fund using GIRO plus Current Account with Over Draft Facility (to be on the safe side). And the transfer fee may cost less than what your bank impose for a Banker's Cheque. Updated timetable for GIRO cut off time for same day transfer.

If you want to know more about the pros and cons of Statement Based FD versus Cert Type click here to my article A Little Bit Of This and A Little Bit Of That - Volume 1, Chapter VII. And the flip side of me telling you the pros and cons of Statement Based FD is that I have unintentionally taught an evil person how to con his parent(s) off their hard earned money! Plus why you should have money in FD, lots of it actually; instead of having so many properties which are not liquid and can't assist you to prolong your life. I will tell you how to get funds to pay for the mountain high hospital bills while your liveless body lay in the Intensive Care Unit.

This post has been edited by Gen-X: May 21 2015, 09:28 AM

FD Promo

Hot FD Promo Rates
(1) HSBC 5% for 3 Months, valid until 30 June 2015
(2) MBSB (No PIDM) 4.3% for 12 Months, valid until 31 July 2015
(3) Affin Bank 4.33% for 15 Months

Maybank 3 + 3 + 3, valid until 18th June 2015 - New added by adele on 8 June 2015
First 3 months 3.70%
Next 3 months 4.20%
Next 3 months 4.55%
Effective rate 4.15%. Subject to OPR changes. min10k

OCBC, Free Sony Powerbank from Ringgit Plus, valid until 30 June - New added by cybpsych on 4 June 2015
Exclusive RinggitPlus-OCBC Start Saving Deal
4.8% p.a. @ 3 months, free Sony Powerbank, min RM20k, equivalent amount to CASA

More info: RinggitPlus | Free Sony Powerbank - T & Cs | OCBC Start Saving Deal: Double Savings Deal II - T & Cs
----> RM 20k in FD at 4.8% and RM 20 k in smart saver at 3.05%(provided deposit RM1000 every month), equivalent interest is about 3.9-3.92%.
Alternatively, deposit RM300k will get a 20000 mAH for free. - Updated by gsc on 5 June 2015

CIMB, valid from 1st June until 30 June - New added by cklimm on 3 June 2015
(1) 3.9% for 3 months,
(2) 4.0% for 1 year
minimum 50K

CIMB Link

Am Bank, valid until end of July - New added by bbgoat on 3 June 2015
(1) 4 months at 4.00%,
(2) 9 months at 4.15%
Minimum 20k for individual, 30k for non individual

May Bank - New added by cklimm on 3 June 2015
Maybank is giving 3.5% pa for 1 month FD, minimum 25K
Source: Maybank MidValley

Hong Leong Bank Business Flexi FD, valid until 31 August - New added by cybpsych on 2 June 2015

Hong Leong Bank Link

Bank Rakyat, valid from 1st until 30th June - New added by bbgoat on 1 June 2015
12 month at 4.25%, min 25k. Have monthly interest as usual

UOB, valid from 16 May until 30 June 2015 - New added by Bonescythe on 29 May 2015


UOB FD with Ringgit Plus - New added by Kelv on 27 May 2015
"RinggitPlus is running an exclusive UOB Fixed Deposit with high 5-month 3.9% p.a. interest rate and exclusive gift. To get a Dyson Air Multiplier fan, all you need to prepare is RM35,000 deposit or RM10,000 to get yourself a brand new Huawei Media Tablet."

BUT

"To enjoy this high promotional FD interest rate, 70% of your deposit will go into your new UOB eAccount and the remaining 30% will be kept in your UOB Fixed Deposit account."
Ringgit Plus Link
Note: This promo is for new UOB customer only.

Affin Bank - New added by Ramjade on 26 May 2015
(1) Effective rate 4.20% for 13 months FD - Updated on 4 June 2015
(2) Effective rate 4.33% for 15 months FD
Minimum RM10k
Interest will pay to SA upon FD maturity


Hong Leong Bank “Family Day Campaign - 12-month FD Step Up Rates Promotion - New added by cybpsych on 26 May 2015
29 May 2015 - 26 June 2015, 9:15:00 hours (9.30 a.m.) to 16:30:00 hours (4.30 p.m.)

1st – 4th month @ 3.80% p.a.
5th – 8th month @ 4.00% p.a.
9th – 12th month @ 4.50% p.a.
Effective FD Rates @ 4.10%p.a.
min RM10k Fresh Fund

Priority Banking Premium FD: +0.05% p.a. rate, min RM100k Fresh Fund
The FD interest shall be credited into CASA on monthly basis.
HLB Link



HLB, valid from 25 May until 30 June 2015 - New added by cklimm on 23 May 2015
- Free Tupperware for HLB premium saving account
- 2.8%p.a, earmark 122days


Bank Rakyat - New added by cybpsych on 13 May 2015
4.05% for 9 months (was 4.25% in April)
https://www.facebook.com/myBANKRAKYAT/photo...?type=1&theater

MACH by HONG LEONG + Earn Air Asia Big Point - New added by cklimm & cybpsych on 8 May 2015
Promotion Period: 9 May 2015 - 31 July 2015
Minimum Placement: RM1,000
(1) 6 months-3.85%pa
(2) 9 months-4.00%pa

Mach Bank FD


May Bank - New added by cybpsych on 28 April 2015
9 Months at effective rate 4.15%
Min : RM10k - Updated by wil-i-am on 25 May 2015
T&C : Subject to OPR changes

May Bank T&C

HSBC 5% for 3 Months FD has extended to 30 June 2015 - New added on 27 April 2015
Minimum RM 5K, maximum RM 30K
Min RM 5 to open a current account (Advance)
Free Umbrella while stock last


Kuwait Finance House, valid until 30 June - New added on 24 April 2015


Hong Leong Bank Ends 30 June 2015 - New added by michaelho on 21 April 2015
Promo for Priority Customers - min 50K (source : Received call from RM)
6mth - 4.18% pa
Ends 30 June 2015

OCBC updated their Start Saving Deals again - Updated by cybpsych on 21 April 2015
valid until 31 July 2015

(1) Double Savings Deal: 3-month @ 4.50% p.a. + equal amount in CASA (earmarked 3 months), min RM5k fresh fund

(2) Fresh Deal: 6-month @ 4.00% p.a., 12-month @ 4.20% p.a., min RM5k fresh fund

(3) Fresh Deal: Tiered interest rates - First 6 month (180 Days) @ 4.00% p.a. & subsequent 6 month (180 Days) @ 4.40% p.a., min RM5k fresh fund

Full tenure of the promo FD tenure of 360 days must be completed.
Interest earned in the first term of 180 days will be automatically added onto the principal and rolled over to the second term of 180 days.
Interest for this Promotion is payable at the end of the second term.

Updated T&Cs: http://www.ocbc.com.my/assets/pdf/Accounts...eal_general.pdf

....Another one is double saving deal 3 months 4.3% pa and must deposit into saving, ratio 1:1. Saving portion earmark 3 months. Current smart saver interest 3.05%, mathematical effective rate is 3.675%.

Just in case a person kept the Smart Saver after the 3 months binding periods, Account closure of Smart Saver will be considered as a withdrawal and the interest rate of 0.5% pa will applied. Thus, the effective could even be lower than 3.675%....a bad deal -- Updated by gsc on 3 April 2015

May Bank - New added by cybpsych on 19 April 2015
Maybank Fixed Deposit (FD) JOY 3 Campaign
5 March 2015 - 31 May 2015

1-2 months @ 3.55% p.a., 3rd month @ 4.55% p.a, effective 3.88% p.a. | RM25k fresh fund

May Bank Link


May Bank - New added by cybpsych on 18 April 2015
Maybank Fixed Deposit (FD) "Double 4 (4+4)" Campaign
5 March 2015 - 24 April 2015

1st 4 Months @ 4.00% p.a., Next 4 Months @ 4.28% p.a. | RM10k (individual) fresh fund | Over-the-Counter placement | open to Maybank and Maybank Islamic Banking customers

May Bank Link


Maybank electronic Fixed Deposit (eFD) 2015 Gold Pendant Campaign - New added by cybpsych on 18 April 2015
17 April 2015 - 16 July 2015

eFD Tenure: For 2 months to 11 months ONLY, Conventional scheme only

1st Reward System : Campaign Interest Rate
RM250k and above @ additional of 0.30% p.a. above the prevailing board rate

2nd Reward System: Prizes
Gold Pendant @ random draw of 50 winners at the end of the campaign period
1X entry for every RM50k, 2X entries for all new eFD account opened during the campaign period
Note: Every multiple of RM50,000 is equivalent to 1entry, e.g. RM250,000=5 entries; RM330,000=6 entries

May Bank Link

MBSB Islamic (No PIDM), valid until 31 July 2015 - New added by Bonescythe on 17 April 2015
4.3% for 1 year
Min RM 1K

Hong Leong Bank, valid from 8 April until 30 June 2015 - New added by cybpsych on 15 April 2015
HLB 3-month Fixed Deposit Promotion
8 April 2015 - 30 June 2015
3-month @ 3.80% p.a. (3.85% p.a. for Priority Banking), min. RM10k fresh fund
HLB Link


HLB Islamic FD Promo, valid until 31 May 2015 - New added on 2 April 2015
4% for 6 months
Min RM 10K fresh fund
FD can effective on the same day, no need to wait for check clearance

RHB, valid until June 2015 - New added on 1 April 2015
12-Month Step up. Effective rate is 4.21%
Will credit interest to RHB saving account as per step-up maturity.
Can uplift FD as per step-up maturity.


Public Bank, valid until 30 June 2015 - New added by dEviLs on 18 March 2015
3.98% + 4.28% + 4.38% for 1 year tenure


Hong Leong Bank, valid from 1 Dec 2014 until 30 June 2015 - New added by Bonescythe and cybpsych on 3 January 2015
6.98% for 2 months FD. Requirement is to invest 50k in unit trust.


Bank Rakyat introduces Xclusive membership card - New added by okuribito on 20 November


Hong Leong Bank's Member-Get-Member Programme
Received sms...bring a family or friend to open Hong Leong Saving account with RM5k deposit, both get gifts. Valid until 30 June 2015- by gsc & HJebat

FD Market News
Bank Negara likely to cut OPR in 2015 - New added by spikeman on 19 December 2014
http://www.thestar.com.my/Business/Busines...-UBS/?style=biz


Banks that pay interest for non-working days - Last update by ??!! on 22 January 2015
OCBC
Bank Rakyat
UOB
May Bank (Need to remind May bank staff to add interest)
Affin Bank - updated by cybpscyh on 12 Dec 2014
Alliance Bank - updated by ??!! on 22 January 2015
Kuwait Finance House - updated by ??!! on 22 January 2015

Banks that do not pay interest for non-working days
Am Bank
RHB
Standard & Chartered Bank

Bank that non-voluntary credit interest unless appeal
Public Bank (Need to complain to BNM then only pay interest)


New IBG Transfer Timing - Updated by gchowyh on 16 December 2014



Old IBG Transfer Timing



List Of Banks With Survivorship Clause - Updated by magika on 16 November 2014
1. OCBC
2. RHB
3. Alliance
4. Ambank
5. Cimb
6. Hlb
7. Affin
8. MBB


a simple FD calculator to help you - by Human Nature on 13 January 2015
http://www.miniwebtool.com/fixed-deposit-calculator/

Thanks so much to below Contributors:
cherroy
Gen-X
munkeyflo
McFD2R - 4 contributions (Last update: 20 January 2015)
pinpinmiao - 2 contributions
gsc - 11 contributions (Last update: 5 June 2015)
cybpscyh - 31 contributions (Last update: 4 June 2015)
kingofong
FDInvestor - 2 contributions
michaelho - 5 contributions (Last update: 21 April 2015)
wil-i-am - 3 contributions (Last update: 25 May 2015)
X_hunter
HJebat
guy3288 - 2 contributions (Last update: 13 February 2015)
bbgoat - 23 contributions (Last update: 3 June 2015)
giko - 4 contributions
nsx88
raptar_eric - 2 contributions
sylille
harmonics3 - 3 contributions (Last update: 20 January 2015)
xcxa23
RO Player - 3 contributions
Styrroyds
yklooi - 2 contributions
haur
netbuzzchin
nomen
Human Nature
MGM
kinabalu
kwokwah
bearbear
gchowyh - 2 contributions
AVFAN
wr6969
kimmo88
cklimm - 11 contributions (Last update: 3 June 2015)
Lineage
dEviLs - 8 contributions (Last update: 18 March 2015)
Mansamune - 4 contributions
robert82
dagdag1 - 2 contributions (Last update:11 May 2015)
Ramjade - 2 contributions (Last update:26 May 2015)
leo_kiatez
okuribito - 3 contributions
magika - 2 contributions
byshierly
BartS
hcolin
almeizer
munnie
kyenli
Bonescythe - 3 contributions (Last update: 29 May 2015)
??!! (Last Update: 22 January 2015)
muncee (Last Update: 22 January 2015)
adele123 - 2 contributions (Last Update: 8 June 2015)
cj7lee (Last Update: 14 February 2015)
pisces88 (Last Update: 17 February 2015)
eddie2020 (Last Update: 3 March 2015)
zenquix (Last Update: 12 March 2015)
ftan (Last Update: 15 March 2015)
kykit (Last Update: 17 April 2015)
Bonescythe (Last Update: 17 April 2015)
iamkid (Last Update: 17 April 2015)
Dkck (Last Update: 21 April 2015)
familyfirst (Last Update: 21 April 2015)
smas (Last update: 8 May 2015)
Kelv (Last update: 27 May 2015)

This post has been edited by BoomChaCha: Jun 8 2015, 04:13 PM

FDMCGC - Fixed Deposit Musical Chair Gamers Club



FRMONBWFDP - Freaking Rich Members Or Not Bothered With FD Promotions but contributors to FD Thread

Happy new Year 2015

Happy New Year! FD investors!

Yes, let's hope that we can gain more from our fixed deposits.

@Admiral BoomChaCha

Could you place a list of best fixed deposit, based on the tenure? I believe that you did compile such list in the previous thread.

Example:

Best 1-month FD: AAA bank (A%), BBB bank (B%)

Best 3-month FD: CCC bank (C%), DDD bank (D%)

and so on.

Thanks for your effort.

HSBC Advance Account for 3 Months @ 5% p.a. now extended to 31 March 2015 (originally to end 18-Dec, then extended to 31-Dec)

https://www.hsbc.com.my/1/2/hsbcadvance/pre...ement-promotion

Bro, there are few set backs of HSBC Term Deposit Promo if purely to chase after FD Promo:

1. In order to enjoy HSBC TErmi Deposit Promos, usually need to open either HSBC Advance or Premier Banking Accounts.

2. One needs to maintain minimum AUM or else will be penalized. So got to waste time closing account after Term Deposit Promo ends. Make sure you don't get their FREE Premier Banking credit card as waste of time need to cancel also.

3. Most importantly, HSBC Term Deposit only applies to NEW customer(s). They never offer Term Deposit Promos to their existing customers.


To ALL:

I just published my article titled A Little Bit Of This and A Little Bit Of That - Volume 1, Chapter VII. As usual in my series of This and That, I cover many subjects and one of them this time around is about Statement Based Fixed Deposit versus Certificate Type Fixed Deposit. I will present to you the pros and cons of Statement Based FD (e.g. OCBC and UOB) versus Certificate Type FD (e.g. HLB and Maybank) and why the piece of paper given to you upon placement of a Statement Based FD is useless. How you may be “conned” of your hard earned money by someone you think you can trust. And the flip side of me telling you the pros and cons of Statement Based FD is that I have unintentionally taught an evil person how to con his parent(s) off their hard earned money! Plus why you should have money in FD, lots of it actually; instead of having so many properties which are not liquid and can't assist you to prolong your life. I will tell you how to get funds to pay for the mountain high hospital bills while your liveless body lay in the Intensive Care Unit.

Happy New Year !!!

Thanks to Captain & Admiral Ah Boom for the FD thread & compilation of FD promo's !!

Hopefully a Magical Year for us all ! FD rate up, up and away !!

Happy New Year to all. Invaluable thread here.

Opened fd at alliance yerterday. Glad I did coz the rate went down today.

If the 4.8% for the 12 mths FD materialises, then MBSB's 4.7% 60 mths is a goner!

Happy New Year, and happy investing...

Cheers

Happy New Year 2015

Thanks to Gen-X & BoomChaCha for the FD thread & compilation of FD promo

I think this is not accurate, as far as I understand, this 5% p.a. promo is valid for both new and existing Advance customers; however, is a one-time-off offer (we can only utilize it once).

I myself is a HSBC customer before I applied for Advance, and still, I'm entitled the chance to participate in this promotion.

hehehe thanks for risking carpal tunnel syndrome to give us the latest instalment of your freaaaking looooonnnnngg articles

Happy New Year to you and everybody else here!!!

ps: as usual it was a good read

Glad to see 8 on 1st day

Happy new year all, gonna be an inactive year for me as I've committed to >12m tenure FD in 2014

Happy new year all, wish everyone and family good health always.

V8....huat aaa...happy new year everyone

Are Hsbc Advance customers entitled for the special lounge and free kopi?

I have a 2 year fixed posit with a bank. I recently found out that they are not paying me any interest until maturity. Is this legal? I am thinking of withdrawing and suffering the penalty

if u read the main page of hsbc, it says advance customers of less than 3 months are eligible for this promo.
i am an advance account holder for 5 years already. dont think i can apply for this fd promo

check back the original T&Cs for that particular FD campaign.

each FD campaign from different banks has different T&Cs on the interests.

I recently placed 2yr FD with Affin, also credit the interest upon maturity. I was fully aware of this condition when signing the placement.


Is it legal? since you've signed the FD placement, liability is on you, not the bank.

This afternoon when to HLB. Have a FD maturing on the 29/1. But I won't be in malaysia on 29/1. Ask can I transfer money to my mother's account upon maturity so she can put affin 4.38 for me as we have a joint account. HLB said cannot. Then asked how much if I were to remove the FD, they are going to only give me say 3 months interest despite the FD have been put for almost 11 months already. This FD, the interest is credited monthly into my SA. So what happen is they are deducting 8 months of interest from the principal if I withdraw today.

Asked the officer in charge (behind the desk, not counter workers), apparently you can write a letter of authorization and upon maturity, the money will follow your instructions. So in this case, I can transfer the principle upon maturity to my mother's SA despite not being in Malaysia at that time.

By writing a letter of authorization, I won't forfeit my 11 months of interest and still able to uplift it upon maturity even though I am not in Malaysia

Just want to report the above incident. Could be useful for some.

You are normal HSBC customer and join Advance recently yo entile the 5% FD promotion?
If u are new to advance, iu should be still able to entitle for the promotion.

no, i have been advance saving from last year..
i did get sms notification to promote their 5%..

Never heard of that before

I'm not sure about it.


I was a normal HSBC customer, and I just applied Advance last month during December (qualified via Perks@Works for 2 years, since my company is one of HSBC's client).

And yes, I am qualified for the promotion, I however only put some of the funds, since they require "Fresh Funds"

Will be too obvious if I move out everything, then transfer it back

Tuan Alvin.. you can do it also ma since you know the format..
After you did it, then I will post it on Post #2, we bergotong-royong lah just like wikipedia..

Last time I asked for a favor from Double Magic to compile all FD info on Excel, but
no news from him at all.. Don't know if he is in the middle of doing it? Or he does not
want to do it..?

The only negative side I can notice is that HSBC needs 2 days to clear the check, this means we will lose 2 days interest.
Unless if we bring cash then can get the FD effective on the same day, who dares to bring cash..?

May Bank FD Promo, valid until 31 December 2015 until further notice
4.12% for 1 year tenure
Min RM 25K

Quite strange May Bank offers this FD promo last for 1 year period this time..

This post has been edited by BoomChaCha: Jan 3 2015, 10:42 AM

Actually I didn't use cheque, I used Inter-bank GIRO to bring in "not-so-fresh" funds

Does anyone know any bank that offers Junior SA with access to online banking portal?

Thank you for her help!

my 16 yo brother did that with CIMB Youth

this is so nice.
I been loyal to MB for years and I think this 4.12 conventional is far more better thn others. Waiting for my merdeka 3.88 to mature and start accumulate others to be mature just for this

Interesting... FD promo for 4.12% for 1 year?
I can't find this in the eFixed Deposit.. can open via online?

Only got my fund on 1st Jan, missed the OCBC/UOB 12month FD @ 4.2%...
Went for AmBank 3year FD @ 4.5% instead yesterday.
The whole process was unexpectedly fast, done in 15min. I was loading up my parking for 1.5hr...
I have existing FD and SA account there, they say existing SA can be used for interest crediting but FD will be new acct.
Interest is every 6mth, if depositor is 50yo and above can opt for monthly interest. A plus point for those who are in the age range.
After I got home.... Alas, forgot to ask for free gift. The whole process was just too fast.

This post has been edited by tbheng: Jan 3 2015, 08:58 AM

Yeah I also want to know can we do it online?

If do it over the counter will have free gift?

Usually these promo has to be over the counter, I think I am right to say the only bank that offer FD promo rate over ebanking is MACH by Hong Leong.

Usually MBB FD Promos are over the counter. MBB eFD maybe like extra 0.1% sometimes.

And very seldom does MBB advertised their FD Promo at M2U because their Promo usually reach quota very fast and ends before the scheduled dateline.

So for all MBB fans, go check out the FD Promo at the bank or call the branch (and don't be surprised that many MBB staff are not aware of their own FD promos).

Bro, since last quarter, Alliance Bank also offering eFD Promo similar to over the counter.

You have an existing conventional or islamic SA account?

Besides tbheng post above, bbgoat in V7 also mentioned interest credited into non-Islamic SA.

If any bank offer 4.8%, for 12 months then MBSB will be offering 5.8% for 60 months

Wah, many regulars here going for AmBank 3 years promo.

To ALL:

We are now in a similar position to that in 2008/2009 where we had a slow-down.

In mid 2008, banks were still offering FD about 4% interest rate (like what we have now). USD/MYR went above 3.5 (same thing now) and petrol went below USD60/barrel in 2009 (like what is happening now).

But by mid 2009, interest rates went below 2%!!!!

Below is what was posted by our President/CEO of FDMCGC MilesAndMore:



You can check FD interest rates between 2008 and 2011 at Original FD Thread.

Of course the plus side of having a recession/slow down for people with cash in FD is - opportunity to accumulate twice as much Maybank Shares (from previous high) at RM4. The last time MBB dropped to below RM4 was in 1999 (recession) and 2009 (slowdown)! Note - 10 years cycle to make 100% from MBB shares.

And if MBB does drop to below RM4, I will uplift/withdraw all my FD (well maybe not all but a substantial sum) and lose the miserable 4% interest rate and hope to earn 100% in few years time, orl maybe lose all

This post has been edited by Gen-X: Jan 3 2015, 01:07 PM

gen-x wow, didn't realise conditions are same as 2008! few thoughts come to mind reading your post...

klse started decline in dec 2007 from 1440s all the way down to 860s before starting its rise in iirc jan 2009. I suspect the low fd rates probly motivated locals to buy into the market then? Of some significance, I think looking back, that was also when the US started its QE program. I think read somewhere they have officially ended QE and the Fed chairwoman talk about possibility of upping interest rates later this year? Salvador Dali on BFM radio show mentioned the real KLSE market ie ex-index stocks probly lost 50-60% already, index stocks GLC "cornered" ... will MBB ever go down?

But locally, petrol prices also go down upon free-floating, property market losing steam, looks like BNM got no motivation to raise interest rates

hahaha I so confused ... lock in 3 years or not? If lock in, and KLSE reveals opportunities, premature w/drawal & forego interest earned? If don't lock in, and KLSE languishes neither here nor there, & interest rates get slashed like in 2008/9?

helppp

Aiya, I was given wrong info by CS . She said I need to open an Islamic SA.

Bro, I also thinking if should go for more than 12 months. But thinking about it, nothing to be confused.

1. Lock in rates now. If rate go lower you'll be happy you did so.

2. If got opportunity to buy MBB at RM4, what the 4% penalty for premature withdrawal compare to the potential 100% gain

this is very interesting. never considered that... but was thinking what else happened in 2008-2009...

with all those troubles in 2008, what did "they" do to get rates down to 2% by 2009 so that people continued to spend n consume?

i m not well not versed with the subject but i do think that has to do with a major change in policy in 2008/2009 - gates of debt opened, hence continued consumption/gdp growth while gomen n domestic debt started to climb dramatically since 2009.

question is... is there capacity now for same debt recipe to get us thru this time? if no, what will happen to int rates, bond rates and rm exchange rates?

Yes, initially I thought need to open Islamic SA, then the ABM (asst BM) said can use existing conventional SA for interest crediting. Also interest payment can be monthly for those >50 yrs old or semi annually for youngsters (like us, ha ha ha ).

For me, I normally take the middle road. My plan is still some 3 years, 2 yrs (Affin 4.38%) and mostly 1 yr FD. Last year 2014 have put in 3 mths and 5 mths FD. Starting to mature now and can take advantage of recent 4.12%, 4.38%, 4.5% rates. So if KLSE show downside, can terminate yearly FD for minimum lost to gain 100% (as Captain said) in short period of time !

This post has been edited by bbgoat: Jan 3 2015, 03:00 PM

Bro, with crude oil price below USD60/barrel now, you think our debt going to increase or government going to revise the budget? Debt is suppose to be good to boost the economy

To ALL:

Anyway, I just updated my Fixed Deposit Page to include Hong Leong Bank Junior FD which actually cybpsych reported back in V7.



Hong Leong Bank Junior FD is supposed to be for kids. But the fact is that it is good for adults who are parents and even grandparents.

Click here to read my article The Best Savings Account in Malaysia for Children, Adults, Parents and Grandparents. In this article I mentioned that the Hong Leong Bank Junior FD is fantastic for seniors who have grandchildren. This is because HLB Junior FD offers better interest rates compared to their Senior FD Promo!!! And best of all, HLB Junior FD credit the interest monthly.

Hong leong offering 6.98% for 2 months FD..
Requirement is to invest 50k in unit trust

max cap ratio
1 to 2

This post has been edited by Bonescythe: Jan 3 2015, 04:09 PM

Long time no buy UT. Just to update my own knowledge, wat's the front-end, annual mgt & switching fees nowadays? Sorry if OT. Wanna get info for when the time comes ... not now la ... but why do the banks think it's a good time for us to buy UT now?


lemme guess, probly increase? less oil revenue

This post has been edited by okuribito: Jan 3 2015, 04:44 PM

Did u put a FD and get the promotion rate?
Received sms is not confirm u are entitled.
Some bank even send sms even uou terminate the credit card or close the bank acc.

i wasn't really expecting much response to my question as this is fd n that is a much bigger issue...

anyway, with all this debt/crude-commodity low price/bigspender-allisgud-gomen, i will be the last one to think fd rates will go lower in the next 12-36 months.

i just hope depositors give a little thought if 2%, 6% or 10% fd is on the way or not... n why.

i dun remember much about 2008-2009 but more about 1998.

This post has been edited by AVFAN: Jan 3 2015, 06:04 PM

Do you by any chance happen to know the SA rate?

Can't seem to find it from CIMB website...

2 months 6.98% compared to board rate FD 3.15%,
extra Rm320 can be earned for 50K.

50K unit trust, front charges 5% = Rm2500...

try this microsite http://www.cimbyouth.com.my/

accounts http://cb.cimbislamic.com/index.php?ch=ci_...pt=cimb_islamic

rates http://cb.cimbislamic.com/index.php?ch=gen..._rates&recId=90

Hong Leong Bank Priority Banking Enhance PowerLink 6.98% Promotion

More info: HLB | T&Cs (EN) | T&Cs (CN)

hehehe in my books that's a water fish deal... in my books only lah. Still 5% frontend meh?

3% only. Hehe

so 50k, 3% is 1.5k

100k 6.98% for 2 mths is rm1163.

So is waterfish deal?

Share market already very low low ? Good time to lock in position for UT ? Hmm.. is tat wad the bank thinks ? Haha

I thought I have seen before in this thread mentioning grandparents can place Junior FD. Last Dec I went to HL and the counter staff said no. Ended up get my daughter to sign up Junior FD for my granddaughter. I am still interested in the 4.28% with monthly interest credited.

You need to count against the board rate, aka how many "extra" interest earned, not the total FD interest.
100K 6.98% vs board rate 3.25% is extra RM640, as without need to invest in UT, you still easily can get 3.25% 2 months FD out there.

You get extra Rm640 by going into the deal, while incurred front charge of 1.5K (if it is 3%).

I never said it is a waterfish deal, it is a good deal is one original wanted to buy the UT in the first place.

But if one never interest in UT, and solely want the higher FD rate, then it is a different story.

I agreed that the FD promotion should only be an extra incentive for the UT investment. In the first place, we have to be already looking to buy UT. Then the extra incentive just made the deal. Should not be because of the FD promotion, then go into the UT/FD bundle.

Bro, I was the one that mentioned it in 2012 when I published my article The Best Savings Account in Malaysia so that grandparents can get better interest rates compared to HLB Senior FD!!!.

II you had read my article, here's the link once again just in case you may want to waste your time- The Best Savings Account in Malaysia I mentioned my experience on what is needed for a grandpa to open a HLB Junior Account with his son and grandson/granddaughter (all surname the same). FYI, my dad opened a HLB Junior FD with me and my son AND it was addition to another two existing HLB Junior FDs I already had, i.e. one with the same branch (my money) and another one in a separate branch (my son's money).

However, I did highlight that I got no idea if HLB allows a grandpa to open a HLB Junior FD with his daughter and granddaughter (since surname not the same). Then again, I see no reason why it cannot be done since a grandpa can open joint account with the son and grandson/granddaughter.

Next time you go to HLB, talk to the service manager or branch manager. And if they still say cannot, ask them to check with HQ. Another tip- terminate the Junior Debit Card on the spot. If they say the debit card auto issued with the account, well let them issue and then you have the right to terminate it after they issue (but out of courtesy inform them in advance).


This post has been edited by Gen-X: Jan 4 2015, 11:28 AM

Yea u are right..

good for those with priority on investing in UT first.. then FD is a bonus.

else might not suit the objective

i discovered that Premier Mudharabah Account-i gives 3.15% pa, FD rate for balance more than 50k,
can anyone tell me that the interest is for the full 50k balance or only the amount above 50k?


SOS

For now, AmBank 3 yrs 4.5% with monthly interest is even better ?

Bones cashing out from KLSE and moving to FD/UT ar?

Ambank 4.1% pa need to open casa or need to keep % of FD in casa like affin?

Guys, do you need to open a PLUS Saving Account with PBB for PB Step Up FD or a Basic Saving Account will suffice?

UT then no thank you la
FD ok

Well.. just came across such offer ma.. so share here lo since 6.98% for 2 mth is very high indeed..

Brw.. i think around march will see opr hike again

Let's see

1st 50k ony

Straight forward deal

I think the Step-up FD comes in handy for your situation cos it gives reasonably high interest plus u can cash out during the rollover to take opportunity of the stockmarket downturn without forgoing all the interest earned. I am in this situation and considering those Step up FD from PBB.
Yes condition now similar to 2008, except in US interest then was going downwards but now interest should be moving upwards.

This post has been edited by MGM: Jan 4 2015, 06:15 PM

hey guys i've been keeping my FD with PB for quite some years cant really rmb whats the rate, would like to ask, what does the following statement refers to? do i need to check with them? how is it possible for me to check whether interest is paid to my account?

"Bank that non-voluntary credit interest unless appeal
Public Bank (Need to complain to BNM then only pay interest)"

and also seems like ambank is having a very attractive rate for FD, is it wise to change over? ( i do not have any accounts with ambank at the moment)

I think it means you need to ask PB for the interest than only they will give you the interest. Not sure. Wait for other people to comment.

Well if you don't keep your options open, you will not be able to get the best rates just by sticking with just one bank. Hence this FD promos are called musical chairs because you move your funds from one bank to another to get the best rates.

Any saving/current account will do as long as can credit in the interest.

But the account name needs to be same with FD account name as far as I was told by the cashier.

Step Up FD is the good option for one that money is intended for temporarily parking before invest elsewhere.

Bro, whenever you do post, I learn something from you

Yeah, you are right about PBB Step Up. I think MBB step up promos also same but their initial month(s) interest rates kind of low.

However, there is also a risk of getting lower interest rate in the case of PBB Step Up where it did mentioned in T&C that future rates are dependent on BLR (now is BR effective 1st January).

Anyway, with USD strengthening, gold price in terms of RM has increased 1% since 2nd Jan.

Rate normally won't have drastic move one, while those step up just 3 months, 6 months for each step, it is unlikely for interest rate to have some significant change within the short tenure that result the step up interest rate is significant difference compared to original stated.

Ah Goat Sir, monthly interest is for 50 years old and above..
For below 50 years old, they can get semi yearly interest.

RHB branch manager also said the same thing..

Called to Maybank on FD promo, only one is still as reported 1 year 4.12% (step-up). The step up rate is moving slowly, similar to RHB one last year, slowly moving up until final months.

PBB new step up FD of 3.88% for first 3 months is rather attractive. Option to drop out if KLSE goes down, other FD promo etc.

Ah Boom Sir, I replied to gsc as he has grandson, so assuming that he is eligible for the monthly interest lah. Unless he is a young grand father <50 yrs old.

Really, I will be very happy. Some gloomy news that OPR will stay flat for this year.

Thats why I am eyeing 3 yrs 4.5% of AmBank & 2 yrs 4.38% of Affin. My earlier 3 mth & 5 mth FD are maturing now so I can go for the >4% FD's !!

This post has been edited by bbgoat: Jan 5 2015, 03:13 PM