Is there any catch on the 4.5% mbb?

Capital and returns not guaranteed

The rate is very competitive
Wat is yo concern?

It is in a way similar to MBSB's 18 mth 4.5%. Both are GIA i type, not FD. Capital & returns not guaranteed. But you can terminate it before end of 12 mth with no penalty and with monthly interest.

Risk wise I think it is lower than MBSB. I have the MBSB 18 mth 4.5% which pays at end of 18 mth.

Anyway it depends on the person to decide and assess his risk/return appetite, same as going into ASNB funds.

This post has been edited by bbgoat: Oct 5 2015, 10:20 AM

after reading your attachment earlier, and this comment above, seems to be ok to put some eggs in mbb 12mth GIA

btw, casa requirement, does it need islamic casa? i got Wadiah Savings and M2U Savers.

MBB Islamic 4.5% Effective Rate Promo is no different from Public Bank Term Deposit-i Promo where many here have signed up for; both these Islamic Banking promos' "interest" rates are subjected to OPR.

And it was mentioned before, PIDM's current fund is not even enough to cover a single bank; and as such, banks advertising that your deposit is covered under PIDM is just to give you some psychological comfort

This thread will be closed 11.18am today as it has surpassed the usual normal number of posts for a new thread to be started. As such, someone please go start new thread V.10

This post has been edited by Gen-X: Oct 5 2015, 09:46 AM

Wa 11.18am some more !

So today if I did open the MBB GIA i 4.5%, may not have anywhere to update.

Ha ha ha ! Someone ??

tun ram, start one lah!

Meaning same risk as asnb... Lol.

No point la. Better I inejct to asm or asw. Since now is good opportunity:hehe:

Cannot be. ASNB risk is MUCH higher !

I supposed the downside is limited too as it carry Maybank brand
If Maybank kaput, all local Banks will go bust too

Wadiah Savings is Islamic CASA

yeah, i was thinking if MBB allow M2U Savers to be used for interest crediting for this GIA

I foresee the downside likely depends on OPR. But if OPR moves up, the return will increase based on what the MBB manager told me.

But the risk should be low. Even FD also carry risk. It is a matter of how low and how high.

I wud reckon ASNB FP risk is lower than Maybank 12 mths

aint all FD have this OPR disclaimer in their T&Cs?

The clause is to protect Banks so tat they can revised promo rate

yes, that's their SOP in all the FDs T&Cs

anyone know how to view maybank e fix deposit statement?

no such statement.

it's a simple page, location is where you put the eFD.