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

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Ramjade
post Sep 3 2015, 01:48 PM

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- Double post -

This post has been edited by Ramjade: Sep 3 2015, 01:49 PM
Ramjade
post Sep 3 2015, 01:58 PM

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QUOTE(yygo @ Sep 3 2015, 01:56 PM)
4 posts in a row, spamming!  mad.gif
more like triple posts! brows.gif spamming. mad.gif
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My Internet is really bad. I in a rural area. Only edge here.
Ramjade
post Sep 3 2015, 02:04 PM

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QUOTE(wil-i-am @ Sep 3 2015, 02:02 PM)
Any idea tis promo until when?
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This offer have been ongoing for I think 1 year +.
Ramjade
post Sep 5 2015, 10:45 AM

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What's the deal with receiving interest earlier then upon maturity? Unless your sum is very big.
Ramjade
post Sep 5 2015, 11:52 AM

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QUOTE(BoomChaCha @ Sep 5 2015, 11:42 AM)
I placed my less than  RM 20K FD for 5 month tenure in UOB yesterday, I got 4.00% rate, no extra 0.05% wor...  hmm.gif
Receiving interest earlier than upon maturity can plan ahead to make payments to utility bills and loan payments,
and can plan ahead to place next FD, ; and for Ah Goat Sir, he can plan ahead to buy US$ bank draft, and many more of
financial planning. A good example is BR's 5 year FD with monthly interest.  thumbup.gif

Yes, the FD deposit must be large enough in amount so can feel the useful and powerful of interest payment  biggrin.gif
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Cause if FD only rm10k, early interest not worth wei. Then upon maturity, feel sad that interest earned so little (interest paid earlier already) sad.gif

This post has been edited by Ramjade: Sep 5 2015, 11:52 AM
Ramjade
post Sep 5 2015, 12:05 PM

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So BoomChaCha, by receiving interest earlier, (in bank rakyat case) and putting it into say m2savers/ambank Truesavers, (cause the sum not big enough to put fd), the effective interest rate will be more than what BR offered right?
Ramjade
post Sep 5 2015, 02:00 PM

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BoomChaCha, you can use ambank 1 month Islamic efd. 3.15%. Min is rm1k. Not many bank allow you to put rm1k as fd for 1 month. There was a list but I forgot which bank allow 1 month fd with rm1k.

Only maybank Islamic efd give the highest interest for 1 month. 3.25% But not sure what is the minimum.

Why use affin and not m2savers? M2savers earn more than affin.

This post has been edited by Ramjade: Sep 5 2015, 02:05 PM
Ramjade
post Sep 5 2015, 02:57 PM

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QUOTE(Vincent9696 @ Sep 5 2015, 02:52 PM)
It stated in their website is 5k for 1 month.
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Which one? Maybank Islamic Fd? If ambank Islamic fd 1 month minimum is rm1k.
Ramjade
post Sep 5 2015, 03:20 PM

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QUOTE(Lord_Penguin @ Sep 5 2015, 03:07 PM)
Both MBB conventional and islamic eFD are minimum RM5k for 1 month.
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Yup. That I know. That's why I said the bank's which allow you rm1k fd is ambank islamix, bsn.
Ramjade
post Sep 5 2015, 07:33 PM

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QUOTE(sandkoh @ Sep 5 2015, 05:52 PM)
for a student, dare question people? oic have fd everywhere one. how do you know if the sum is not big?  laugh.gif

also if bank is suppose to give interest but do not give, are you just going to sit still?  mad.gif
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Not dare. Just curious. tongue.gif

1) One must know whether there will be interest paid monthly or not when place FD with a bank. And how do we know? Half the time counter staff won't know all this kind of stuff.
2) If you are not a priority customer and your amount is small say rm10k, are you willing to drive to the bank to demand the payment? (you are not even sure if will succeed) - waste petrol and time. If got RM, different story. Just give a call.
Ramjade
post Sep 5 2015, 08:30 PM

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QUOTE(wil-i-am @ Sep 5 2015, 08:25 PM)
Int earned is negligible plus not worthwhile taking into a/c time spent at Bank
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That's why we use eFD for that. biggrin.gif brows.gif Rather than parking at Ambank Trusavers and earning only 2.8%, at least park in one month eFD can get 3.15-3.25% (depend on which bank you use)
Ramjade
post Sep 5 2015, 08:41 PM

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QUOTE(wil-i-am @ Sep 5 2015, 08:35 PM)
Even int @ 3.25%, it's still not worthwhile to place RM1k FD for 1 mth
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Then what you recommend? hmm.gif I am open to suggestions.
Ramjade
post Sep 5 2015, 10:05 PM

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QUOTE(Human Nature @ Sep 5 2015, 09:29 PM)
no need to be a priority customer or have RM or spend money to drive/park/phone. if the T&C is valid, just an email will do.
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This is malaysia we are talking about. Do they read our emails? That efficient? shocking.gif I thought the email was just for show.
Ramjade
post Sep 6 2015, 12:05 AM

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QUOTE(BoomChaCha @ Sep 5 2015, 11:52 PM)
I cannot put all my monies in FD for in case of an emergency.
Especially for an uncle like me who has high blood pressure.

For example, if suddenly I have a heart attack and need to be sent to a hospital,
(we do not want to talk about expensive private hospital lah), let's say if send me to a
government hospital, government hospital will also need me to put some deposit before
I can be admitted to ICU, right..?

So, uncle's situation is different from a young student which is much more tahan lasak like you.

But thanks for sharing about Am Bank 1 month Islamic FD at 3.15%, I will go to check it out
as well as May Bank m2savers. Learning things everyday in this thread..  thumbup.gif

By the way, when I wanted to open my Am Bank True Saver account 2 days ago, the Am Bank staff
was trying hard to convince me to place 1 month FD rather than to open True Saver account..

I suspect she wanted to hit FD quota..?  hmm.gif
hmm.gif
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Unkle, govt hospital cheap cheap only. I think less than RM1k, you can get admitted already. They will bring you to ER first. Govt hospital is treat first, pay later. Not pay first only treat if emergency.

M2savers only earn you 2.25% but must have min RM2000. Below that no interest. mad.gif vmad.gif. That's why I combine both M2savers with Ambank True savers. Ambank truesavers no minimum amount. Even RM100 also get interest. rclxms.gif

By the way, there is this BSN GIRO eSavers claiming interest + 5% bonus if one maintain RM5000. I don't know how they calculate the 5%. If really 5% p.a given monthly if maintain RM5k, this will be the best savings account in malaysia. Which savings account in Malaysia can give 5%+? Even FD max also 4.7% only. I cannot find much info about this account. Maybe you can look into it? hmm.gif
https://ringgitplus.com/en/savings-account/...IRO-eSaver.html
Ramjade
post Sep 6 2015, 12:08 AM

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BNM will decrease OPR? hmm.gif
http://www.astroawani.com/video-malaysia/b...september-62537

Better lock in long term FD while still got time.

This post has been edited by Ramjade: Sep 6 2015, 12:08 AM
Ramjade
post Sep 6 2015, 12:13 AM

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QUOTE(Vincent9696 @ Sep 6 2015, 12:09 AM)
Bro, the 5% meaning the said given interest amount add another 5% to you , don't confuse it..correct me if I'm make mistake
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So is interest + 5% of the interest? hmm.gif Really need to go to BSN and ask about this. If is 5% of the amount... laugh.gif rclxms.gif
Ramjade
post Sep 6 2015, 12:25 AM

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QUOTE(BoomChaCha @ Sep 6 2015, 12:20 AM)
But this is July's news..  hmm.gif
I think this is the typo error from Ringgit Plus website.
It is supposed to be 0.5% rather than 5%
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Actaully if you go to BSN page, they also listed 5%.
Ramjade
post Sep 6 2015, 12:44 AM

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QUOTE(BoomChaCha @ Sep 6 2015, 12:34 AM)
Can you tell me where?
I cannot find it on BSN website..

http://www.mybsn.com.my/content.xhtml?contentId=122
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QUOTE
Features & Benefits

»  Internet based savings account with online convenience.
»  High multi-tiered interest rates.
»  Enjoy 5% bonus interest on the interest for minimum monthly balance of RM5,000 and above.
»  Instant issuance of GIRO eSaver VISA Debit Card.
»  Convenient access to BSN ATM, MEPS ATM and ATM abroad with PLUS logo.
»  No monthly maintenance fee.
»  Waiver on annual card fee.
»  Transactions made can be viewed online.
»  Counter Priority service.


Does this mean interest + 5% of the interest?
Ramjade
post Sep 6 2015, 12:56 AM

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QUOTE(BoomChaCha @ Sep 6 2015, 12:50 AM)
Oh...  hmm.gif You are right..
It must have some catch.. hmm.gif 

I think not that easy to get 5%

Anybody who speaks good bahasa can volunteer to call or visit BSN to check out this..?
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If 5% of interest not worth it. Ambank truesavers effective rates is still higher anyway. However if is 5% of the amount, then we are talking. drool.gif
Ramjade
post Sep 6 2015, 07:30 AM

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QUOTE(Vincent9696 @ Sep 6 2015, 01:48 AM)
Yes, it's true ... But then , why you are so concerning in saving account? If uncle have children below 18 years old , use their account to put the money is one of the choice u can make , why? Because many bank offer similar interest compare with fd rate.
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If kids are big already, cannot use those account. So need to find account which give high interest. smile.gif

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