Fixed Deposit Rates In Malaysia V. No.9, Please Read Post#1 and #3
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 Jun 17 2015, 06:43 PM
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Senior Member
2,337 posts Joined: Oct 2014  
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QUOTE(dEviLs @ Jun 17 2015, 06:23 PM) Received a call from pbb setapak branch. They told me this coming Saturday they are having some sort of appreciation event and is offering 4.38% 12m fd promo. No casa requirement and min fund only 10. Anyone get similar offer from other branch ? its "up to" 4.38% p.a, or flat rate 4.38% pa? |
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Jun 17 2015, 07:33 PM
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Junior Member
257 posts Joined: Nov 2009
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Sorry noob question here, 1st time fixed deposit user here, what is per annum means?
For CIMB latest fixed deposit 3.9% 3 months thingy, it stated 3.9% 3 months per annum. So eg: if I put RM50k in it for 3 months, after 3 months I would get extra of 50x0.039= RM1950 right? And after 3 months I can withdraw all of it out right? |
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Jun 17 2015, 07:38 PM
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All Stars
24,334 posts Joined: Feb 2011
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QUOTE(ONGEDWIN @ Jun 17 2015, 07:33 PM) Sorry noob question here, 1st time fixed deposit user here, what is per annum means? RM50k x 0.039 x 3 /12 = RM487.5 after 3 months For CIMB latest fixed deposit 3.9% 3 months thingy, it stated 3.9% 3 months per annum. So eg: if I put RM50k in it for 3 months, after 3 months I would get extra of 50x0.039= RM1950 right? And after 3 months I can withdraw all of it out right?  |
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Jun 17 2015, 07:44 PM
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Junior Member
257 posts Joined: Nov 2009
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QUOTE(Ramjade @ Jun 17 2015, 07:38 PM) RM50k x 0.039 x 3 /12 = RM487.5 after 3 months Oh I see, understand now d  |
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Jun 17 2015, 09:50 PM
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Senior Member
2,811 posts Joined: Jan 2003 From: Selayang 
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QUOTE(Gen-X @ Jun 17 2015, 06:41 PM) Bro, 4.38% Effective Interest Rate or as per their current promo 4.38% for the 3rd roll over - refer post#1. Lol I shared on that previously and even placed twice fd for this promo but didn't think of it |
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Jun 17 2015, 10:40 PM
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Senior Member
2,337 posts Joined: Oct 2014
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QUOTE(dEviLs @ Jun 17 2015, 09:50 PM) Lol I shared on that previously and even placed twice fd for this promo but didn't think of it Its not a bad deal actually, effective rate like 4.21%p.a |
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Jun 18 2015, 01:15 AM
Show posts by this member only | IPv6 | Post
#167
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Senior Member
1,624 posts Joined: Apr 2011
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QUOTE(nitehawk @ Jun 17 2015, 08:12 AM) In your case, did you withdraw cash from the saving account and open the FD or did the bank made transfer from your saving and open the FD? Bank cant make the transfer without account holder approval or signature. I withdrew from my saving account. |
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Jun 18 2015, 08:13 AM
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Junior Member
11 posts Joined: Dec 2010
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Public bank 3months 3.93%
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Jun 18 2015, 09:28 AM
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Senior Member
2,811 posts Joined: Jan 2003 From: Selayang
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QUOTE(cklimm @ Jun 17 2015, 10:40 PM) Its not a bad deal actually, effective rate like 4.21%p.a ya if not i wouldn't have placed twice with them under this promo  |
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Jun 18 2015, 10:29 AM
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All Stars
65,273 posts Joined: Jan 2003
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QUOTE(cklimm @ Jun 16 2015, 07:48 PM) Public Bank FD rush 3month 3.93%pa, min 20k QUOTE(Castor Troy @ Jun 18 2015, 08:13 AM) Public bank 3months 3.93%
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Jun 19 2015, 02:15 PM
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Junior Member
277 posts Joined: Jan 2010
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can someone explain in greater detail what does fresh fund typically mean? lets say i have 2 bank accounts - mbb and uob. i do an online transfer of $ from mbb to uob and get uob to issue me a banker's cheque and which i go present to mbb. all this done in a span of 3 days. will mbb consider it as fresh fund or certain amount of time needs to lapse first? if so, how long usually?
does it make a difference if instead of banker's cheque - i re-transfer online to maybank after a week from uob. and then go to counter to use it as fresh fund for fd placement. would this also work? thanks! |
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Jun 19 2015, 02:19 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(joeaverage @ Jun 19 2015, 02:15 PM) can someone explain in greater detail what does fresh fund typically mean? lets say i have 2 bank accounts - mbb and uob. i do an online transfer of $ from mbb to uob and get uob to issue me a banker's cheque and which i go present to mbb. all this done in a span of 3 days. will mbb consider it as fresh fund or certain amount of time needs to lapse first? if so, how long usually? Fresh funds = Funds from Bank A move/transfer to Bank B either via cheq/bankers cheq/onlinedoes it make a difference if instead of banker's cheque - i re-transfer online to maybank after a week from uob. and then go to counter to use it as fresh fund for fd placement. would this also work? thanks! |
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Jun 19 2015, 02:32 PM
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All Stars
24,334 posts Joined: Feb 2011
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QUOTE(wil-i-am @ Jun 19 2015, 02:19 PM) Fresh funds = Funds from Bank A move/transfer to Bank B either via cheq/bankers cheq/online Wait. So if I ibg from.bank A to bank B then ibft back to bank A, does that count as fresh funds? |
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Jun 19 2015, 02:35 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(Ramjade @ Jun 19 2015, 02:32 PM) Wait. So if I ibg from.bank A to bank B then ibft back to bank A, does that count as fresh funds? YesBtw, y u need to conduct IBFT twice? |
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Jun 19 2015, 02:42 PM
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Senior Member
817 posts Joined: Mar 2014
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QUOTE(Ramjade @ Jun 19 2015, 02:32 PM) Wait. So if I ibg from.bank A to bank B then ibft back to bank A, does that count as fresh funds? maximise $$$ from bankss,learn from you!  heehee  |
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Jun 19 2015, 02:42 PM
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All Stars
24,334 posts Joined: Feb 2011
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QUOTE(wil-i-am @ Jun 19 2015, 02:35 PM) Yes Who knows bank A got better deal than bank B and one does not want to use banker's cheque or cash. So one needs to transfer money back to bank A so it is "fresh funds"Btw, y u need to conduct IBFT twice? |
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Jun 19 2015, 02:56 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(Ramjade @ Jun 19 2015, 02:42 PM) Who knows bank A got better deal than bank B and one does not want to use banker's cheque or cash. So one needs to transfer money back to bank A so it is "fresh funds" If I were u, I will perform:-a. Bank A FD due b. Instruct Bank A to conduct Rentas from Bank A to Bank B c. Issue personal cheq from Bank B for FD placement at Bank A |
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Jun 19 2015, 03:11 PM
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All Stars
24,334 posts Joined: Feb 2011
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QUOTE(wil-i-am @ Jun 19 2015, 02:56 PM) If I were u, I will perform:- By using cheque, it cost about Rm5/cheque. Why pay Rm5 if RM0.50 for ibft can do the job?a. Bank A FD due b. Instruct Bank A to conduct Rentas from Bank A to Bank B c. Issue personal cheq from Bank B for FD placement at Bank A |
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Jun 19 2015, 03:45 PM
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur 
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is RENTAS same as IBFT ?
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Jun 19 2015, 04:17 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(Ramjade @ Jun 19 2015, 03:11 PM) By using cheque, it cost about Rm5/cheque. Why pay Rm5 if RM0.50 for ibft can do the job? If use personal cheq, just pay xtra RM0.53 |
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