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

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bbgoat
post Aug 14 2015, 11:24 AM

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Ah Boom, still tracking USD rate ?

Just now saw CB TT rate of USD RM 4.1565 !!!! Sharp rise today for USD vs RM !!!

My UT in CB lose 4% over 2 weeks, may be even more later on ! sad.gif


bbgoat
post Aug 14 2015, 12:15 PM

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QUOTE(BoomChaCha @ Aug 14 2015, 12:09 PM)
Sorry to hear you lose 4%... sad.gif
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With the RM down even more today, if KLCI down also, my UT loss will be more the coming days ! sweat.gif sad.gif

This post has been edited by bbgoat: Aug 14 2015, 12:17 PM
bbgoat
post Aug 14 2015, 12:20 PM

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QUOTE(BoomChaCha @ Aug 14 2015, 12:17 PM)
Oh...Can you cut lost now..?
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Actually UT acct has been volatile over the last one year. Have to treat it as paper loss at the moment. Have been swinging quite wildly, unlike FD. tongue.gif

So just have to stay put for the moment. biggrin.gif
bbgoat
post Aug 15 2015, 12:59 PM

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QUOTE(Gen-X @ Aug 15 2015, 12:20 PM)
Updated Post#1. Not many new straight forward FD Promo except those reported by magika and cybpsych.
That's why I never promote FD that is bundled with UT, If one loose money, will curse me like hell, hahaha.
Better go burn your Ringgit fast before you get less for the same Ringgit now, e.g. Cordon Bleu and Rolex (with the weak Ringgit, best place to buy a Rolex now is Malaysia).

Bro, you bought your son ticket to US? If you following him - check out my article Visa Buy 1 Ticket and get the Second Ticket 50% Off for Malaysia Airlines, China Airlines, British Airways and Singapore Airlines. And if you are following your son to his Uni and then want to visit other US destination, go to United Airlines website and choose Multi-City option and you may save some money on US domestic flights. Example, You flying with him to LA and then to the city where his Uni is and then you want to go to Vegas and San Francisco before flying back to KL. Click here to learn more about United Airlines Multi-City where I gave step by step instructions. And another tip - go google for United Airlines Malaysia, they use to have an office in KL where I bought the Multi City ticket 6 years ago when my son went to US and maybe can be cheaper since paying in RM.
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I have no one to curse except myself. biggrin.gif Have been buying UT for years and on maintenance mode for last few years. Except bought some ASNB funds recently with FD promo from RHB. biggrin.gif

Thanks for your info on buying bank draft, I have taken the same way to pay for my son's fees in U.S. But the way the rate is going up is scary. cry.gif Have to bite the bullet. sad.gif

I did not go with him as wanted him to experience and tough him up. Have been to various places in US esp SFO, LA, Las Vegas, Puerto Rico, Seattle, New York, Phoenix, Hawaii etc. Have to go more to the east coast including Washington DC.

Read your blog and UA Multi-City option looks interesting. May do this maybe 2 years time as will let my son back next year and visit him 2 years later. smile.gif

This post has been edited by bbgoat: Aug 15 2015, 01:08 PM
bbgoat
post Aug 15 2015, 03:17 PM

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QUOTE(Vincent9696 @ Aug 15 2015, 02:48 PM)
Last month I put 65k , bank teller didn't give me extra also...swt

Mind to share if above 50k can gv extra of how many %?
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Hard to say, you have to negotiate with them. BR keeps on changing the so called nego rate threshold limit between 50k and 100k. Different branch may tell you differently. Talk/call to them. biggrin.gif

For 50k, may just get 0.05% extra. But may not get also. 100k higher chances of getting. Nego with them. biggrin.gif

This post has been edited by bbgoat: Aug 15 2015, 03:19 PM
bbgoat
post Aug 18 2015, 10:07 AM

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QUOTE(sandkoh @ Aug 18 2015, 10:04 AM)
wa cool2.gif 1k pun can get 4.285%?how many fd u placed, mana br branch? hmm.gif
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Ah Boom & Big Magician, have u guys called BR to confirm even 1k can get 4.285% in Klang Valley ? For Penang, I don't think for 1k can get that. biggrin.gif
bbgoat
post Aug 18 2015, 10:25 AM

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QUOTE(magika @ Aug 18 2015, 10:11 AM)
Last week placed 2 joint FD much more that <100k  but did not ask for nego got 4.1% 12 months only. shakehead.gif
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doh.gif You missed the boat (chance) for a good free lunch. 100k will be RM185 add'l ! tongue.gif
bbgoat
post Aug 18 2015, 10:40 AM

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QUOTE(magika @ Aug 18 2015, 10:34 AM)
There comes  a time when time constraint at the moment and lazy to nego. Its part of the reason why removing most of my BR Fd's for other promos. Main reason is Not Scaxxx meh !  tongue.gif
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When one has enough, one do not want to nego ! notworthy.gif notworthy.gif

I have not placed any new FD in BR for >1 year already. Just maintain some amount there. biggrin.gif
bbgoat
post Aug 18 2015, 11:58 AM

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QUOTE(Human Nature @ Aug 18 2015, 11:49 AM)
When nego with BR, you nego with the manager or counter staff?
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Counter staff cannot make decision or may give you lower rate. Have to be at least ABM or BM level for bigger amounts of 100k upwards. biggrin.gif
bbgoat
post Aug 18 2015, 04:23 PM

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QUOTE(BoomChaCha @ Aug 18 2015, 03:52 PM)
Ah Sir, I did not call.
But based on my experience with BR, I think to get extra 0.5% is possible lah but the FD amount has to be more than
RM 50K.

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0.5% extra for 1 year placement ? I manage to get I think extra 0.2% for amt >100k 12 mth FD about 2 years ago only. You are referring to 61 mth deal to get 0.5% ?? hmm.gif

QUOTE(BoomChaCha @ Aug 18 2015, 03:52 PM)
Ya loh.. 1k can get 4.285% sounds not possible.. hmm.gif

Well...this is possible only if he is related to carpet man lah..  biggrin.gif
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laugh.gif

This post has been edited by bbgoat: Aug 18 2015, 04:24 PM
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post Aug 18 2015, 04:51 PM

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QUOTE(BoomChaCha @ Aug 18 2015, 04:28 PM)
Oh..  doh.gif  Sorry typo error..
What I meant was 0.05%...not 0.5%  Ha ha..  biggrin.gif
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sweat.gif I thought the ABM "cheated" me. laugh.gif Ya, as I know it, the BM can give 0.05%, division manager can give 0.1%, HQ beyond that. Unless they changed the rule now. biggrin.gif

But nego rate has to be 50k onwards. Changed to 1k ? Proof needed. biggrin.gif

This post has been edited by bbgoat: Aug 18 2015, 04:54 PM
bbgoat
post Aug 18 2015, 08:04 PM

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QUOTE(Human Nature @ Aug 18 2015, 07:41 PM)
So basically at the counter, I request the counter staff about this and get him to speak to the manager? Small people only take queue number, no direct access to manager wor.
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Small people with Big Money !! tongue.gif notworthy.gif

Tell them the eggs you have and ask for the rate you want. The bigger the egg the higher % you can ask ! tongue.gif

Let us know your result. Since 1k can get 0.185% extra, with more eggs, tell us the % you can get. biggrin.gif

This post has been edited by bbgoat: Aug 18 2015, 08:22 PM
bbgoat
post Aug 19 2015, 10:26 AM

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Chased my SCB RM on the late interest for the 15 mth 4.5% FD. He apologized and said already submitted for "manual interest calculation". Why take so long ?

Not all foreign banks have good system in place. doh.gif First similar FD received interest then why second one cannot ? shakehead.gif

This post has been edited by bbgoat: Aug 19 2015, 10:27 AM
bbgoat
post Aug 19 2015, 12:05 PM

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QUOTE(bbgoat @ Aug 19 2015, 10:26 AM)
Chased my SCB RM on the late interest for the 15 mth 4.5% FD. He apologized and said already submitted for "manual interest calculation". Why take so long ?

Not all foreign banks have good system in place.  doh.gif First similar FD received interest then why second one cannot ?  shakehead.gif
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My RM replied again saying need HQ to do the manual adjustment. shakehead.gif

I do not want to reply on the 3.6% effective rate ! doh.gif It is still 4.5%, hahaha ! biggrin.gif
bbgoat
post Aug 19 2015, 02:05 PM

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QUOTE(kyenli @ Aug 19 2015, 01:51 PM)
Adoi. Why your RM layan but this is the reply I got from my complaint letter to them. Why different standard?
Dear XXX,

Thank you for your message dated 13th August 2015 with regards to the FD.

Please be advised that the Interest will only be credited on the 15th month upon renewal.

We hope the above clarifies.

Should you require further assistance, you may contact us via our 24-hour customer service line at 1300 888 888 or 03-7711 8888.

We are pleased to be of service.

Thank you for banking with us, and have a pleasant day.

Warm regards,                                 
Latha Maleni Kanniasen
Standard Chartered Bank Malaysia
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Hahaha, good and bad points of joining their PB. Have an RM to contact and complain. biggrin.gif

Which option did you choose for the interest crediting( indicated in the FD cert )? But for SCB, >12 mths FD, interest is paid every 6 mths. biggrin.gif
bbgoat
post Aug 19 2015, 04:35 PM

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QUOTE(kyenli @ Aug 19 2015, 02:41 PM)
Mine is (2) Renew principal at prevailing rate for same term, credit interest to same currency account number . Is there a difference arr? What's yours?
Small potato they don't want to layan me haha.
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Mine is also 2. Anyway the first one for the 4.5% received interest but the second one did not. So looks like their system got problem.

So you would have to raise your voice up one way or another. The previous 15 mth 4.25% also have problem. It was resolved later. doh.gif This does not inspire people on their system. shakehead.gif
bbgoat
post Aug 19 2015, 09:31 PM

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Me too. One of the sour grapes. brows.gif

Instead of talking about boring FD rates, no exciting promo, cursing SCB, a refreshing look at life and at interest rates from a top notch Guru (who just joined us in this thread). laugh.gif tongue.gif

This post has been edited by bbgoat: Aug 19 2015, 09:35 PM
bbgoat
post Aug 20 2015, 09:26 AM

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QUOTE(BoomChaCha @ Aug 20 2015, 12:37 AM)
Last time the SCB Service Manager told me this is the first time SCB runs FD promo longer than 12 months tenure,
so probably SCB system cannot generate auto credit interest to saving account for FD more than 12 months.  sweat.gif
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Lousy lah, no excuses for them this time especially after fixing the 15 mth 4.25% issue. shakehead.gif

Then for this 15 mth 4.5%, my 1st one on 23/7 (placed on Jan 23) received interest, then 2nd one did not. Funny ! Or they are meddling with their system to delay the interest, something fishy ? hmm.gif

Yours one coming up in early Sept, right ? biggrin.gif

This post has been edited by bbgoat: Aug 20 2015, 09:29 AM
bbgoat
post Aug 20 2015, 10:34 AM

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QUOTE(gchowyh @ Aug 20 2015, 10:27 AM)
Try complaining on their Facebook page, then make sure other people like your posting tongue.gif
All of a sudden you will no longer hear system problem, lol!

My case for the first round of interest was never solved even after all of you got your interest as they closed it on the basis of system problem due to the issue that they chose the option (which is transparent to customer) payment of interest upon maturity after 15 mth. All I got was an apology until I wrote the formal complaint on Facebook.
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I just blow steam here. Since my RM said already submitted the claim, just waiting for it to be resolved. biggrin.gif Last time also the same. Just a matter of time. Hahaha. tongue.gif
bbgoat
post Aug 20 2015, 05:03 PM

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QUOTE(Nom-el @ Aug 20 2015, 02:56 PM)
Banks that offer true eFD (can do placement & uplift online)
i) AmBank
ii) RHB
iii) Maybank
iv) CIMB
v) Alliance Bank
vi) Hong Leong
vii) UOB
viii) OCBC
Banks that offer online FD placement (cannot uplift online)
i) Affin
ii) Public Bank

I think HSBC can do online placement too but not sure if can uplift online or not.
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Add CB into below:

Banks that offer online FD placement (cannot uplift online)
i) Affin
ii) Public Bank
iii) Citibank

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