Just a note .

Am in CIMB now, the counter staff says now all FD deposit must open CASA for upliftment as is Bank Negara requirement for anti laundering paper trail. 26 billion then only no need

Just a note .

Am in CIMB now, the counter staff says now all FD deposit must open CASA for upliftment as is Bank Negara requirement for anti laundering paper trail. 26 billion then only no need

For the <12 mths FD, no issue. UOB previous 13 mth FD need CASA to credit the interest.

This SCB, really have issue. My RM is now checking for me on the issue I mentioned yesterday. 

I am watching very closely. Regret did not take action last week.   

Dont know lah, sometimes counter staff say all sort of things just to convince their action. Like how almost all banks RM used to say rate will go down since a few years ago.

RinggitPlus: Get a Free 2GB iPod Shuffle with Bank Simpanan Nasional (BSN) Fixed Deposit [ RinggitPlus | T&Cs ]
5 August 2015 - 5 October 2015

5-Year @ 4.50%, min. RM15k fresh fund

Limited to the first 200 (two hundred) accountholders

The issue is I have 3 of the same type. First received the interest 2 weeks ago. Second one due 2 days ago. 

You think I am a trader ? 

As to the SCB 15 mth 4.5% interest crediting issue, my RM updated me that they are doing manual crediting for me. As mentioned before, I have 3 FD for this promo. First one got the interest credited, but 2nd one is not. 3rd one next month.

This sound similar to the previous 15 mth 4.25% interest crediting issue that Ah Boom and others (including me) faced Feb/March this year (FD placed Aug/Sept last year).  How SCB keeps on having this type of issue is 

Those that have this FD promo need to check when the 6 mth is up. 

I sure hope they have fixed the issue. My next batch is the same date as yours.

Do you have the SCB 15 mth 4.5% one placed ? 

I bought bank draft of USD at 3.9590 at CB today.  Got some cash at 3.93 from money changers.

Evening news said RM is heading to 4.05 level !! 

Bank draft for school fees and living expenses. CD going to U.S. and subsidize them ?  Maybe only if I am going with them. 

If the USD rate goes to 4.05 or beyond, deep shxx lah ! 

OCBC new promo 6 months 4.00% 13 months 4.20% interest credit into CASA at interval 6+6+1 months.

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 ! 

With the RM down even more today, if KLCI down also, my UT lose will be more the coming days !   

4.285%.  RM1k BR will also entertain!!! 

If you cannot get, I really donno what to say.  Maybe the counter staff couldn't understand. 

Last week placed 2 joint FD much more that <100k  but did not ask for nego got 4.1% 12 months only.

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. 

1k to get extra 0.185%, br that hard up??  cannot believe. that guy has to show proof.
12 month 5%, ridiculous. he simply quote only. show proof please.

Hello, BR has nothing to do with MOF.
BR is a cooperative bank under KPDNKK.

It's very wrong and misleading to equate  "Only if there is bailout." as a same protection as PIDM. You are literally saying no protection = with protection.

bailout is not capital guarantee, capital guarantee is this:

Just placed my eggs in RHB. I actually banked in using a RHB cheque and there was no questions asked...so I guess their definition of fresh fund is pretty much 'flexible'.

All company are limited, aka Berhad.

Why it called limited or Berhad?
Because liabilities stay within the company, aka limited within the company, it doesn't go beyond shareholders.

Owner of company or shareholders of company do not bare the company liabilities.
So it is same with banks (as banks also a Berhad entity).

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% ?? 

The issue "berhad" I brought up is about the liabilities doesn't go beyond shareholders.
Those PIDM guaranteed amount is not from banks' shareholders.
So no contraction.

If BR is owned by MoF, and if the bank deposit is not stated "guaranteed by Malaysia gov" just like BSN, we cannot say it is guaranteed, even though in the most worst circumstance, there may be bail out by gov that resulted liabilities of bank is fulfilled.

Even though at the end of day it may looks the same (deposit still intact), but when there is no clause or any law stated the deposit is guaranteed, then it is not guaranteed. As simple as that.

Nope

I thought the ABM "cheated" me.  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. 

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

Alliance Bank 4.08% , 9 months

http://www.allianceislamicbank.com.my/eATDiPromo

Sifu,

From my limited understanding, I don't think deposits in BR and MBSB has any protection or guarantee written in black and white. But there is a "feel good" factor about these two DFIs because both BR and MBSB are government owned. If anything goes wrong, very likely Gomen will bail them out but under no obligation whatsoever.
Therefore, if you were to ask me to rate deposit protection like rating agency style, I would rate BSN's simpanan dijamin kerajaan as A+, commercial banks with PIDM as A and government linked DFIs as A-.
No right or wrong. 

Incorrect
In fact, both BR n BSN is DFI whereas MBSB is an exempt finance co
I wud assign 'top' protection to BSN (g'tee by Gomen), follow by BR n MBSB

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.  First similar FD received interest then why second one cannot ? 

If ppl take up BR's 4.285% p.a., the rate for 15 months would be 5.356%.

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.