Called MBB funding executive. The MBB 5+5 mth with 4.15% FD promo extended till next week.

Have FD maturing on 1/10 which was the one with interest paid upfront 4% promo last year. Nego with the funding exec for 4.2%. She need to get approval and will get back to me. If cannot get 4.2%, will pull out the FD.

Thanks. I think those getting the interest will have no more issues from now on. Touch wood !

The Penang branch told me extended to next week for the 5+5 mth FD.

No la. Not just BR, UOB, AmBank etc can ask for higher rate. Depends on amount and duration. To get on top of promo rate is more difficult.

This post has been edited by bbgoat: Sep 29 2015, 06:28 PM

Instead of the funding exec calling me, the MBB BM called me at 7pm.

MBB has a new FD promo, fresh from oven. He said it is a step up FD with average of 4.5% for 12 months.

Can only confirm it tomorrow with another MBB branch. But it sounded to be real as I asked him if it is pure FD. He said yes and asked me to see him in his office when I go to the branch.

This one is super good. I asked the MBB BM twice if there is any catch like CASA. He said no. So I am not going to ask for higher rate and will channel more funds to this FD promo.

He told me monthly interest some more !!

Anyway tomorrow I will try to verify it. My FD is only due on Oct 1st.

Update: I may update tomorrow quite late on this. Anyway some of you can call MBB to confirm this also.

This post has been edited by bbgoat: Sep 29 2015, 10:36 PM

OK, guys, the MBB 4.5% offer is NOT an FD product.

I was in a way bluffed by the MBB branch manager when he called me yesterday after 7pm. This guy has carefully used terms on step-up, monthly interest etc without saying it is FD. So the 4.5% is actually a general investment product NOT covered under PIDM. The principal is guaranteed by Maybank only. Profit rate is not guaranteed. Except they claim that they have been paying out as indicated.

I got the info from another MBB branch.

The MBB BM called me as he tried to get me to stayput my matured FD (large amount by MY Standard, sub sub sui for some )

So for me, I may put some amount there in this product but pull out majority of the FD from them tomorrow. Will try to get some brochure on
this if they give it out. Some of the banks do not give out the brochure on this type of products.

This post has been edited by bbgoat: Sep 30 2015, 07:12 PM

I looked at this again and this is the product that the MBB BM told me. Over the phone he said 1 to 6 mths 4%. Same as this one.

Heard some sort of under general investment product. Tomorrow will be going to MBB branch, need to run to few banks to dispose of the FD.

This looks like the 4.5% MBB offer that I described. Except yesterday the MBB branch claimed that MBB guarantee the capital. But looks like capital NOT guaranteed !!!

So this makes me hesitate and may pull out all my eggs in MBB and put else where. Ha ha ha !

I think the risk is HIGHER not slightly higher. If capital guaranteed, then I agree slightly high risk.

Also with 0.3% higher rate than 4.2% offered by some other banks, may not worth the risk. If say >0.5% to 4.7% or higher, then worth the risk.

This post has been edited by bbgoat: Oct 1 2015, 07:56 AM

I agreed to certain extent. But the profit rate of MBSB is more or less guaranteed. I said guaranteed as it is an Islamic product.

Both are NOT capital guaranteed.

Have already put in some eggs in MBSB, will be adding more soon.

Today went to MBB branch. The branch manager was on urgent leave and the Premier Centre Service Manager met with me for a discussion in his office. The 4.5% step-up one is an Islamic product investing solely on their Islamic branch.

It is NOT capital guaranteed. But then he said Maybank do NOT guarantee even FD, it is by PIDM. Also amount under PIDM is 250k per account holder only. He showed me the brochure and allowed me one of the page only. As usual most banks do not give out full brochure claiming that it is for internal use only. He then tried to get me on other products.

Anyway I still kind of thinking since capital and profit not guaranteed, not too comfortable with it.

MBB has another promo for 3 months. Effective date 5/10 to 31/10. Step up with eff. rate of 3.93%.

The 5 + 5 mth FD is extended till 6/10.

I then went to withdraw the FD. The counter girl informed him and he came out to talk to me again over the counter trying to ask me to stayput or keep certain amt there. I still went ahead to withdraw the FD.

Bankers cheque fee only RM0.53 cents. I split into 2 bankers cheque and paid RM0.53 X 2.

This post has been edited by bbgoat: Oct 1 2015, 05:49 PM

Part 2 coming ................................

Taking a break la

I did not ask but I think when the BM called me he said min 10k.

Part 2:

Went to PBB to withdraw the FD. Bankers cheque RM0.68 each. But has to be from the FD. So that causes the BC's amount to be RM0.32 at the back and some 999 number in front ! If I want to keep the nice principal intact, then have to pay RM6 for the BC.

Anyway, decided to save money and pay RM0.68 for the BC.

PBB has changed the second 6 mth step up to 4.28% (from earlier 4.08%). They honour'ed this one. Respect them on that. So received more from this FD. PBB paid interest direct to the SA.

Placed FD in AmBank for the 12 mth 4.2% promo. Received an umbrella and a mug.

Then placed FD in HL for the 15 mth step up with eff rate of 4.26%. HL branch claimed they just received the brochure TODAY while in the brochure it said start Sept 1st ! Weighted heavily on HL vs AmBank as the extra 0.06% is enough for a good dinner for 10.

I think so far for PIDM coverage, the HL 15 mth 4.26% is the best. Monthly interest payment some more.

OCBC 13 mth 4.2% still running but no more gift (called them to confirm).

Some more info on HL FD promo:

Actually we have called HL 3 times on the 4.2% FD promo but last 2 times, the branch said no such promo. They said it was released to them to do the promo only yesterday !! Interesting !! So don't be surprised if the HL branch said no such promo but you can print out the promo flyer shown before. Try other HL branch, they may have the promo.

Thanks to the forumer who posted the promo flyer 2 days ago (sorry have to check name of the forummer) !

This post has been edited by bbgoat: Oct 2 2015, 08:39 AM

Thanks to you & @liyrth, @nbi !!

By the way, the HL Bank branch told us that they heard news that OPR may come down soon. For me, just listen listen only. Hard to say. But it does cause me to put in more to HL Bank yesterday for the 0.06% more FD vs other banks 4.2%.

Ya received a gift from them but have not open up yet.

I called my RM yesterday. Still ongoing until end Nov. But no more gift.

Initially was thinking of moving some fund there to get the Sharp Air Purifier. Ai, no more !

Is UOB 12 mth 4.2% still ongoing ?