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

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cj7lee
post Jan 24 2015, 08:47 AM

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Does anyone know whether Bank Rakyat can issue banker's cheque for matured FD ?
cj7lee
post Jan 24 2015, 04:42 PM

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QUOTE(bbgoat @ Jan 24 2015, 08:50 AM)
Since Jan 2014, no more issuing banker's cheque.  only IBG to other banks or cash maybe.  smile.gif
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thanks for the info, bbgoat!
cj7lee
post Feb 4 2015, 04:24 PM

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QUOTE(bbgoat @ Feb 2 2015, 08:06 PM)
Today was in MBB to uplift FD. Have to pay 50 cent for the processing fee for banker's cheque. Used to be free. Was told bank absolve the RM5 cheque fee and customer pay 50 cent for processing fee.

But found that MBB do pay the additional interest over Sat/Sunday. As the FD matured on Saturday, they paid me 2 add'l days of interest.  rclxms.gif
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Regarding the waiver of RM 5 cheque fee, is this applicable to every customer? I could not find this info in MBB website...
cj7lee
post Feb 4 2015, 04:27 PM

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QUOTE(bbgoat @ Feb 4 2015, 01:57 PM)
In BR today to uplift FD to move to SCB tomorrow. Despite Exclusive card, still charged RM2 IBG charge.  shakehead.gif  Admire magika able to get free RENTAS  some more.  thumbup.gif

But must admire the speed that the transaction was done, all within 10 minutes !  rclxms.gif Though the counter lady covered her face upon seeing me  tongue.gif (as she knows it is for withdrawal).  Ha ha ha.
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Do you know what is the interest rate for premature withdrawal?
cj7lee
post Feb 5 2015, 09:15 AM

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QUOTE(bbgoat @ Feb 4 2015, 06:11 PM)

You mean SCB or in general ?
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I meant the BR, for other banks I understand they follow the ABM rules (though I do not know the details).
cj7lee
post Feb 14 2015, 08:01 PM

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QUOTE(okuribito @ Feb 13 2015, 07:09 PM)
rclxms.gif  rclxms.gif  scb islamic 4.5% until when? any t&c?
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For the SCB Saadiq Term Deposit-i, interest rate for 9M is 4.25% and for 15M is 4.50%. This promo is until 31 Mar.

The info and T&C can be found HERE
cj7lee
post Feb 24 2015, 11:12 PM

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For 5 years FD, MBSB offers 4.7% pa
cj7lee
post Mar 4 2015, 12:52 PM

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Quote from UOB Privilege Banking website:

To qualify for UOB Privilege Banking, clients need to maintain a minimum balance of MYR500,000 in deposits and/or investment with us.
cj7lee
post Mar 5 2015, 08:06 AM

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QUOTE(Human Nature @ Mar 4 2015, 11:01 PM)
this is only for upliftment on working/non-working days, correct?
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I think it is also relevant when the FD maturity date is fallen on non-working days.
cj7lee
post Mar 5 2015, 11:13 AM

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My personal experience with Bank Rakyat:

my FD matured on 28/2/2015 (Saturday), but the bank system has automatically extend the FD maturity to 2/3/2015 (Monday). Then the bank paid me additional interest for the 1/3 (Sunday) and 2/3 (Monday).
cj7lee
post Mar 13 2015, 05:36 AM

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Went to BR last Monday, was told no Banker's Cheque, only IBG available.

This post has been edited by cj7lee: Mar 13 2015, 05:36 AM
cj7lee
post Apr 20 2015, 07:26 AM

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QUOTE(kykit @ Apr 17 2015, 05:37 PM)
have placed SCB Saadiq (Islamic) 15 Months - 4.5%

- interest will be paid every 6 months
- open a RM20 Basic Savings Account-i (BSA) for interest to be credited
- BSA Hibah (interest) for upto RM100k - 0.02% (based on historically)
- ATM/Debit Card cost RM8
- ATM withdrawal from SCB - FOC
- ATM withdrawal from HSBC/OCBC/UOB - RM1.00
- ATM withdrawal from local bank (MEPS) - RM4.00 (FOC if convert BSA into salary a/c)
For BSA, the ATM/Debit Card should be free, quoted the following from Saadiq's Fees and Charges Schedule

Basic Savings Account-i & Saadiq JustOne Savings Account-i
Free Debit Card with unlimited ATM and over the counter access
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