Fixed Deposit Rates In Malaysia V. No.9, Please Read Post#1 and #3
|
|
 Jun 19 2015, 10:04 PM
Return to original view | Post
#1
|
 
Senior Member
743 posts Joined: May 2014 
|
QUOTE(magika @ Jun 19 2015, 04:34 PM) RENTAS is a different system from IBFT. Correct, to add on, rentas is used when the amount couldn't be handled by IBFT. That's why rentas charges is way higher than IBFT. |
|
|
|
|
|
Jul 30 2015, 07:39 PM
Return to original view | Post
#2
|
|
Senior Member
743 posts Joined: May 2014
|
QUOTE(bbgoat @ Jul 30 2015, 05:29 PM) Received SMS on this from UOB. Min. 10k as usual. Need to open CASA? |
|
|
Aug 3 2015, 10:00 PM
Return to original view | Post
#3
|
|
Senior Member
743 posts Joined: May 2014
|
I may go for PB FDXTRA 12 months effective rate of 4.175% p.a. with individual min placement of RM20k promotion end 30 Sept.
|
|
|
Aug 18 2015, 11:43 PM
Return to original view | Post
#4
|
|
Senior Member
743 posts Joined: May 2014
|
QUOTE(TheAccountant @ Aug 18 2015, 11:21 PM) That's the thing. It is the duty of the bank officers to tell me that I am going to have to pay for the debit card. I think the motivation for them is to give the debit card to the customer unknowingly and then charge them the next day without the customer knowing. I made it obvious that i was going to use that account as a Fixed Deposit. They told me that creating the account was free and yet charge me RM8 for the debit card. That is very dishonest actually. If they told me that there is charges for the debit card, I may not even open the Fixed D account with them. That's why I'm hesitate to place a FD with open CASA condition.They already made from my Fixed D and yet they want to charge me for this. At least ocbc told you upfront about the charges. |
|
|
Sep 28 2015, 11:33 PM
Return to original view | Post
#5
|
|
Senior Member
743 posts Joined: May 2014
|
QUOTE(McFD2R @ Sep 28 2015, 05:48 PM) Just uplifted my 1 year FD 4% @ SCB. And as expected, while doing so, RM came out to try to convince me to continue leaving my money with them. Was approached with a capital guaranteed bond, with a yearly interest of 4.7xx% and no lock in period. If place today or tomorrow, they will pro-rate by end of this year and transfer interest into existing CASA. And if redeem any time next year, will also pro-rate. Another bond was giving 4.6xx% ... Both with no sales charge or fees involved. capital guaranteed provided investor hold it until maturity which most bonds have a term of up to 30 years. So, if I can't think of any other offer, I might opt for this tomorrow. This was at Bandar Puteri Puchong branch. I Rentas'ed transfer my money out any way. The RM says he will come see me in my office if I decide to take up that offer. I can only see 4% FD but with a 1:1 in CASA. Didn't ask if there was any current FD promos. Maybe will ask when he calls tomorrow. Bond prices will move towards par as they approach maturity (if the market expects the maturity payment to be made in full and on time) as this is the price the issuer will pay to redeem the bond. Some bonds are callable, meaning that even though the company has agreed to make payments plus interest towards the debt for a certain period of time, the company can choose to pay off the bond early. This creates reinvestment risk, meaning the investor is forced to find a new place for his money, and the investor might not be able to find as good a deal, especially because this usually happens when interest rates are falling. In the bond market, when an investor buys or sells a bond, the counterparty to the trade is almost always a bank (in your case, SCB) or securities firm acting as a dealer. In some cases, when a dealer buys a bond from an investor, the dealer carries the bond "in inventory", i.e. holds it for his own account. The dealer is then subject to risks of price fluctuation. In other cases, the dealer immediately resells the bond to another investor. |
|
|
Oct 2 2015, 10:25 PM
Return to original view | Post
#6
|
|
Senior Member
743 posts Joined: May 2014
|
QUOTE(Plutoman @ Oct 2 2015, 09:53 PM) Guys, is it true that HLB is not issuing saving passbook anymore for new saving account opening?? Tried to open saving account for fd placement but was told now they only give debit card and we have to use their internet banking to check our account. I believe is quite common now a days most of the bank don't have pass book anymore. We are forced to get a debit card and be charged min RM8 per annum.Super weird to me. First time hearing bank not issuing saving passbook anymore. As far as I know Public Bank still able to issue a pass book. |
|
Topic ClosedOptions
|
| Change to: |  0.0388sec
 0.33
 7 queries
 GZIP Disabled
Time is now: 1st December 2025 - 07:42 AM |
Quote