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 Fixed Deposit Rates In Malaysia V. No.9, Please Read Post#1 and #3

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wil-i-am
post Aug 14 2015, 05:49 PM

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QUOTE(BaDKiDz @ Aug 14 2015, 01:03 PM)
Let's say Jan to nx yr Jan, every month with same day should be same amount?
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Assume every mth in a yr have 31 days
Yo int is Principal x 3% (assume) x (31*12)/365

wil-i-am
post Aug 14 2015, 05:56 PM

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QUOTE(Vincent9696 @ Aug 14 2015, 03:59 PM)
I heard that , customer can request another bonus rate of 0.185 from the prevailing rate of 1 year...I just need clarification whether it is true or not.
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I suppose u bring cheq book to enquire on the spot
If rate is gud, immediate placement

wil-i-am
post Aug 18 2015, 08:47 AM

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QUOTE(kyenli @ Aug 18 2015, 01:56 AM)
Just placed my eggs in RHB. I actually banked in using a RHB cheque and there was no questions asked...so I guess their definition of fresh fund is pretty much 'flexible'.
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Pleasant surprise Rhb allow tis as most Banks will say No
wil-i-am
post Aug 18 2015, 09:23 AM

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QUOTE(pearl_white @ Aug 18 2015, 09:04 AM)
at BR, its 4.285% per annum.  Just ask over the counter for "special rate", and they give it to you.
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The default rate is 4.1%
Mind to share how much u place to ntitle for 4.285%?
wil-i-am
post Aug 18 2015, 09:27 AM

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QUOTE(pearl_white @ Aug 18 2015, 09:12 AM)
Really? Because I have BR FD @ 5.0%  for 12 months.
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I wud reckon u got gud rate from BR
Mind to share when u got 5% n how much was the placement?
wil-i-am
post Aug 18 2015, 04:43 PM

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QUOTE(BoomChaCha @ Aug 18 2015, 04:24 PM)
So, any kind of protection for BR and MBSB's depositors?  hmm.gif
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Nope
wil-i-am
post Aug 18 2015, 08:50 PM

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QUOTE(aeiou228 @ Aug 18 2015, 07:38 PM)
Sifu,

From my limited understanding, I don't think deposits in BR and MBSB has any protection or guarantee written in black and white. But there is a "feel good" factor about these two DFIs because both BR and MBSB are government owned. If anything goes wrong, very likely Gomen will bail them out but under no obligation whatsoever.
Therefore, if you were to ask me to rate deposit protection like rating agency style, I would rate BSN's simpanan dijamin kerajaan as A+, commercial banks with PIDM as A and government linked DFIs as A-.
No right or wrong.  biggrin.gif
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Incorrect
In fact, both BR n BSN is DFI whereas MBSB is an exempt finance co
I wud assign 'top' protection to BSN (g'tee by Gomen), follow by BR n MBSB
wil-i-am
post Aug 18 2015, 10:14 PM

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QUOTE(aeiou228 @ Aug 18 2015, 10:05 PM)
Thanks for the correction.
You missed out commercial banks with PIDM, Whats PIDM rating in your opinion?
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I wud opined that depositors shld recover bal deposits sum from the Bank 1st during bankruptcy before trigger the guarantor, PIDM


wil-i-am
post Aug 19 2015, 05:14 PM

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Difference between nominal/real/effective interest rate
http://www.investopedia.com/articles/inves...d-effective.asp
wil-i-am
post Aug 19 2015, 09:07 PM

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QUOTE(guy3288 @ Aug 19 2015, 06:22 PM)
Ada kemaluan kah??
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Bro, kemaluan means private p**t
wil-i-am
post Aug 20 2015, 06:31 AM

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QUOTE(BoomChaCha @ Aug 20 2015, 12:28 AM)
So, since both BR and BSN are Development Financial Institutions,
why you rated BSN is number 1 and BR is number 2..?  hmm.gif
I guess BR and MBSB cannot be the same category in term of "protection"; as what aeiou228 mentioned,
BR is under Kementerian Perdagangan Dalam Negeri, Koperasi, dan Kepenggunaa; whereas the only advantage
of MBSB is that EPF owns more than 60% of MBSB share.
If I am not mistaken, KWSP is only a semi government organization..
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BSN specifically mentioned 'guaranteed by M'sia' whereas BR none
In additional, protection shld follow specific order namely banks 1st n so forth
When comes to bankruptcy, limited liability rules in which case the parents have no obligation to meet demands
wil-i-am
post Aug 20 2015, 10:43 AM

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QUOTE(ninjawin @ Aug 20 2015, 10:36 AM)
Dear sifus, i got 300k to 400k. anyway to get these money to generate more interest ?
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Read page 1
wil-i-am
post Aug 20 2015, 10:59 AM

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QUOTE(ninjawin @ Aug 20 2015, 10:54 AM)
thumbup.gif  Best way to transfer fresh funds is via cheque or bank draft right? Since the amount very high. Dont think can transfer IBG 300k
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Cheq as the charges is cheaper unless some Banks issue bank draft on FOC basis
wil-i-am
post Aug 20 2015, 09:34 PM

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QUOTE(alexanderclz @ Aug 20 2015, 09:30 PM)
not really actually.

http://www.mybsn.com.my/content.xhtml?contentId=127

Minimum initial deposit of RM1,000  for  tenure of one (1) month for Individual Account .
Minimum initial deposit of RM500 for tenure of three (3) months and above for Individual Account.

but for efd i'm not too sure.
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BSN is exception
wil-i-am
post Aug 21 2015, 03:55 PM

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QUOTE(pearl_white @ Aug 21 2015, 03:47 PM)
I did that, and got a good deal.  tongue.gif
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Mind to share the attributes of charm?
wil-i-am
post Aug 22 2015, 12:37 PM

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QUOTE(Vincent9696 @ Aug 22 2015, 11:50 AM)
CIMB 3 months 3.95% p.a.
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Any T&C?
wil-i-am
post Aug 23 2015, 07:26 AM

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QUOTE(lowya @ Aug 23 2015, 12:20 AM)
any deal better than Affin Bank 4.33% for 15 Months currently?
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Yes, Mbsb offer 4.50% for 18 mths
wil-i-am
post Aug 25 2015, 10:28 PM

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QUOTE(Ramjade @ Aug 25 2015, 10:15 PM)
Anyone think that the recent move by china could be move to prevent US from raising their rates? hmm.gif
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Janet caught in a catch 22 situation
wil-i-am
post Aug 27 2015, 02:56 PM

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Maybank Merdeka promotion will end on 28/8
wil-i-am
post Aug 27 2015, 09:41 PM

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QUOTE(Human Nature @ Aug 27 2015, 05:44 PM)
New ocbc promo. 4.3% 9 months. 1 week only. Starts today.
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Any T&C?

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