I don't know. There is no reason BSN need to use PIDM logo to mislead people because it will be consider a "self downgrade" if they do that. Its full government guarantee is much more superior that PIDM insurance.

This post has been edited by aeiou228: Jul 24 2015, 12:52 PM

Can you share the link of that post?

I'm think cherroy was not refering to full sovereign guaranteed deposit taking financial institions.
Off hand, I can only think of three names ie. BSN, SSPN and KWSP are Di Jamin penuh oleh kerajaan Malaysia. Please add to the list if you can think of any other name.

Read here for the limitation of PIDM. (Of course, better than nothing la)
https://forum.lowyat.net/index.php?showtopi...post&p=75241935

And what do you reckon ?
Your FD receipt got stated Di Jamin or not ?

This post has been edited by aeiou228: Jul 24 2015, 06:28 PM

BSN proudly stated in black and white there are fully jamin by gomen. Not same with BR wor.

If it is officially declared and stated in their public domain or in the receipt that your money is fully guaranteed by the government, then you have a recourse.
If nothing black and white or just by hearsay and It goes under, the FD receipt is all your have. No recourse whatsoever. Unless gomen under no obligation decide to bail your banker out.

Fair enough.
Do update this forum if you found the BR's B/W. Will ask TS to list it in the first page as the 4th deposit taking financial institutions with sovereign guarantee after BSN, SSPN and KWSP.

Since the promo has ended, a better option would be RHB 12 mths quarterly step up FD at average rate of 4.20%, with flexibility to withdraw without penalty every rollover and interest payment every quarter.
From the RHB's book, the effective rate is slightly higher than 4.20% because of the payment of quarterly interest.

So buying banker's chq no need CASA ?

As for OCBC, I received an email recently that effective 1st June, premier customers can perform fund transfer, FD placement, renewal and withdrawals over the phone. Need to do a one time sign up at your premier centre.

yygo, I never thought by merely ignoring a troll question from you could have inflict such emotional distress to you.
Your question in post#854 to me was absurd and foolish thus I chose to ignore you in order to avoid unnecessary exchanges in this thread but unfortunately it made you even more agitated.
If you care to read all the past FD threads, we discussed about deposit placements in KWSP, BSN, SSPN at length.

Please behave maturely and stop making an up·roar out of small petty thing like what is to be listed in page 1.
Frankly, it doesn't really matter whether it get listed or not. It's entirely up to TS and I doubt TS has time for it.

BTW, I hardly see any valuable post from you pertaining to FD discussion since you active in this thread.
Looking forward to see more meaningful and constructive post from you.

Such trivial and petty, is that what you want to argue about ?
You are spamming this thread unnecessarily with foolish reply. I didn't see any post here claiming KWSP n SSPN are banks.
This thread existed long before you joined LYN. We discussed all things about savings and deposit placement and the interest rates. Savings n Deposit placements do not confine only to commercial banks only, non bank DFIs such as BR and BSN are deposit taking FI as well. KWSP n SSPN also taking contribution and deposit that yields returns, thus it is relevant to discuss and compare. Occasionally, we also discussed FD related matters such as priority banking, CASA, fund transfer, etc as and when we touched on these issues. This thread even discussed about bank's red packets designs during CNY season.

So what is your problem actually ?

Please help keep this thread clean from unconstructive spam postings.

Please go to /k, we don't debate in such manner in Finance, Business and Investemnt forum.

1. Still have some solutions like temporary credit facility pledged against FD if the FD placement is with the commercial banks. Splitting to several receipts with different deposit amount will also help to reduce premature withdrawal penalty.

2. One privilege that only available to PB customer is the Safe Deposit Box service. I'm sure a PB customer would have some valuables and important documents to be kept away from home. Only handful of banks in Klang valley have SDB service.

Not 100% safe but I can safely assumed that it will be more than 100% safer than keeping valiables at home.
If you have a choice, ( though in reality, you don't have much) choose a bank that occupy a standalone building. A fine example is OCBC bank in Puchong. The bank occupy the standalone building entirely, the reinforced vault is located at the upper floor, accessible only by a dedicated lift. Security guard 24/7. No way ordinary home can match this type of high security facility.

Sorry OT a bit.

I thought BSN gives half yearly interest, No ??
If compound half yearly interest, it's approx 5% total compound interest over 5 years. EIR remain at 4.5% p.a.

That's kind of weird though.
For shorter 15 mths FD placement, they give half yearly interest pulak.

Put shorter term la boom, any winter melon & tohu in the market, can straight away pack up.
I think Affin only pay interest upon completion of 15 months for this 4.33% promo. So if you discount the half yearly compound interest, the annualize EIR should be less than 4.33%.

Affin 4.33% 15mths FD without half yearly interest payout is the same as 4.26% 15mths FD with half yearly interest payout.
Not sure RHB 4.21% 15m step out FD still available or not, it offers quarterly interest crediting to your CASA on every roll over and that boast up the compounded interest rate to approx 4.25% to 4.26% and the bonus from RHB FD is that you have 4 withdrawals opportunities without penalty thru out the 15 months tenure.

You are right, 12 months FD.

Casa no TnC.
Sorry the RHD step up is 12m.

It goes without saying, with pidm is better than without pidm.
Gomen guarantee > pidm > non pidm.