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

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Ramjade
post Aug 12 2015, 08:23 AM

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QUOTE(yygo @ Aug 12 2015, 08:12 AM)
come back to 3.3%?  tongue.gif maybe 5 years back to rm3.3.  laugh.gif

usd4000 for us education?  hmm.gif

pray for miracle icon_rolleyes.gif laugh.gif
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My fees.
Ramjade
post Aug 14 2015, 09:40 PM

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It would seems like all banks are having 9 months promo. No more 12 month
Ramjade
post Aug 18 2015, 08:53 AM

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Why does bank not give promo rates for existing funds which matured? Isn't it better to retain customer than lose customers like us (cause we all withdraw upon maturity and hunt for other banks with promo rates). By giving us promo rates, less likely we will withdraw those funds.

They won't lose customer and they will gain new customer (people come with fresh funds).
Ramjade
post Aug 18 2015, 09:05 AM

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QUOTE(pearl_white @ Aug 18 2015, 09:04 AM)
While you guys are running here and there for the best and/or promo rates by wasting petrol, time, parking and etc., which eventually depletes your interest income,

at BR, its 4.285% per annum.  Just ask over the counter for "special rate", and they give it to you.

There is no need to waste time buying newspapers, reading all the so called "promo" and what not with step up rates, existing funds, etc etc and end up getting mistreated and/or misinformed.

AT THE END OF THE DAY, 4.285% FROM BR IS STILL UN-BEATEABLE.
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Some of us don't trust banks without pidm
Ramjade
post Aug 19 2015, 02:45 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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Don't do that. Cause it will revert back to board rates

Ramjade
post Aug 19 2015, 11:05 PM

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QUOTE(eric84cool @ Aug 19 2015, 10:51 PM)
Hi guys, I saw there is FD promo from Maybank 3+3+3 but need to have CASA account?

I know CASA is current acc saving acc...but how does it works? I only have saving acc with MBB ......
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As long as have saving account, enough already. No need to open any new account some more.
Ramjade
post Aug 19 2015, 11:27 PM

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QUOTE(eric84cool @ Aug 19 2015, 11:23 PM)
Really? I read through their T&C, stated need to open CASA acc if don't have.  blink.gif  blink.gif
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CASA is current account/savings account. CASA is only needed in the following scenario :
1) Deposit of >12 month
2) FD promo which required you to put X% of your FD into CASA = lowering the original rates you are suppose to get = less profit from banks

This post has been edited by Ramjade: Aug 20 2015, 03:46 AM
Ramjade
post Aug 20 2015, 09:02 AM

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QUOTE(Gen-X @ Aug 20 2015, 08:40 AM)
As for the eFD you mentioned, i.e. MBB, HLB and CIMB, you telling me their eFD board rates higher than over the counter board rates?
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Actually someone posted a fee pages back, maybank eFD with acreenshot for Islamic fd 1 month is 3.25%. Board rate is only 3.15. So this eFD is higher by 0.1%
Ramjade
post Aug 20 2015, 09:11 AM

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QUOTE(Gen-X @ Aug 20 2015, 09:04 AM)
Bro, why don't you compile the eFD  notworthy.gif  notworthy.gif
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Compile? What do you mean?
Ramjade
post Aug 20 2015, 09:35 AM

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Gen-X

See Post 1063
Ramjade
post Aug 20 2015, 11:58 AM

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QUOTE(alexanderclz @ Aug 20 2015, 11:39 AM)
for me efd serves as a convenience i guess. especially for really short term deposits like 1 month or so. would like to know the options as well.
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For now, Maybank Islamic eFD offers the highest interest at 3.25%. Don't pick any one. Pick the one Islamic FD.

Ramjade
post Aug 20 2015, 12:12 PM

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QUOTE(ninjawin @ Aug 20 2015, 12:01 PM)
what is the difference between islamic and conventional?
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Difference. Name. How they use your money. Interest is not call interest in Islamic. But call profit. Cause they cannot have interest.

Who cares what they are call, as long as they give better interest than others.

If it looks like duck, walk like a duck and quack like a duck, then it's a duck despite being of different species. biggrin.gif
Ramjade
post Aug 20 2015, 06:57 PM

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Update page 1 regarding maybank Islamic 3.25%
Ramjade
post Aug 20 2015, 09:17 PM

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QUOTE(alexanderclz @ Aug 20 2015, 08:59 PM)
minimum 5k if i'm not mistaken for 1 month placement
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Nice. You can check out mach homepage. Minimum rm1k
Ramjade
post Aug 20 2015, 09:28 PM

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QUOTE(alexanderclz @ Aug 20 2015, 09:27 PM)
lol. minimum 1k for 2 months and above.

https://www.machbyhongleongbank.com/product...-fixed-deposit/

Clause 5b

The Customer shall place a minimum deposit of RM5,000 for fixed deposits with a one (1) month tenure and RM1,000 for fixed deposits with tenures of two (2) months or more per placement per Customer or any other amount to be determined by HLB at any time with prior notice.
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Oh I see. Someone told me before all one month fd in malaysia is rm5000. But then someone also told me one bank offer rm1000 for 1 month FD. Not sure which one.

This post has been edited by Ramjade: Aug 20 2015, 09:29 PM
Ramjade
post Aug 20 2015, 09:39 PM

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QUOTE(alexanderclz @ Aug 20 2015, 09:30 PM)
not really actually.

http://www.mybsn.com.my/content.xhtml?contentId=127

Minimum initial deposit of RM1,000  for  tenure of one (1) month for Individual Account .
Minimum initial deposit of RM500 for tenure of three (3) months and above for Individual Account.

but for efd i'm not too sure.
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Oh ok. Thanks what's the interest Rate?

Gen-X confirm maybank Islamic Fd 1 month interest is 3.25%. Best part is can apply via M2U
Source

Ramjade
post Aug 23 2015, 06:51 AM

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QUOTE(Vincent9696 @ Aug 23 2015, 12:34 AM)
Is affin FD require to open SA?
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Just open RM100 SA. After that withdraw out RM80. SA is for them to credit principle and interest upon maturity.
Ramjade
post Aug 23 2015, 10:26 PM

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QUOTE(kart @ Aug 23 2015, 10:15 PM)
So, we cannot be sure that we will get 3.25% p.a interest rate, until the day the eFD matures?
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Well it is listed on their website what.
Maybank Islamic FD

And banks usually honor what they write.
Ramjade
post Aug 24 2015, 10:43 PM

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QUOTE(Maxwell6635 @ Aug 24 2015, 10:39 PM)
Oh I see , is it can go to normal hl branch or need to mach branch to open moneybox? Thanks
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Mach branch
Ramjade
post Aug 25 2015, 10:15 PM

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Anyone think that the recent move by china could be move to prevent US from raising their rates? hmm.gif

This post has been edited by Ramjade: Aug 25 2015, 10:17 PM

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