Fixed Deposit Rates In Malaysia V. No.10, Please Read Post #1 & #2
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 Nov 5 2015, 09:21 AM
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Senior Member
10,001 posts Joined: May 2013 
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QUOTE(poor man @ Nov 5 2015, 08:42 AM) new bank in malaysia ? AFB have been here since 2005Asian Finance Bank fd with pidm.. https://ringgitplus.com/en/fixed-deposit/As...-Deposit-i.html  They r one of the foreign Islamic Bank |
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Nov 5 2015, 09:23 AM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(cklimm @ Nov 5 2015, 09:04 AM) wow, i've never seen their branch Their HQ @ Kenanga International, Jln Sultan Ismail n have a branch in JB |
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Nov 5 2015, 09:23 AM
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All Stars
65,306 posts Joined: Jan 2003
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QUOTE(bbgoat @ Nov 5 2015, 08:12 AM) OK, checked MBB online. The "profit" is in, shown as "Credit FD Int". I calculated the amt given, it is 4%, as declared for first 6 mths. fuhhhhh that's awesome!! still waiting mine in coming days  Calculated for 31 days for/over Oct month.  Maybe others can check theirs later.  Now looks like can put in more eggs there !   |
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Nov 5 2015, 09:31 AM
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Senior Member
2,337 posts Joined: Oct 2014 
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QUOTE(poor man @ Nov 5 2015, 08:30 AM) Bank Rakyat Term Deposit Account-i it is Islamic Term-deposit, religiously, it is not FD as they are sharing profit, not giving riba (evil interest)more than RM20000 12 months - 4.3% p.a. https://ringgitplus.com/en/fixed-deposit/Ba...-Deposit-Accoun anyone can comfire this fd ? i ask banker is no this fd ? |
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Nov 5 2015, 09:56 AM
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Senior Member
5,272 posts Joined: Jun 2008
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question. I am parking my FD in CIMB unfixed deposit. Question is should i put it for 12 months to enjoy the 4.30% or put it in 4.2% for 6 months and go to another round of musical chairs?
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Nov 5 2015, 10:14 AM
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Senior Member
5,272 posts Joined: Jun 2008
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This was sent to me by a friend.
What do you guys think? |
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Nov 5 2015, 10:28 AM
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Senior Member
1,311 posts Joined: Oct 2012
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Super deal from OCBC. Pure FD. No string attached and no investment linked.
6m @ 4.3% 12m @ 4.5% !!!! Valid for fresh funds min 10k. Valid till 31 Dec or when quota reached. Please guys, keep some quota for me cos I will only have fresh funds early Dec. Hope got chance then. But good news have to share here. Now go run there everyone. Got this info thru the RM via whatsapp. This post has been edited by familyfirst: Nov 5 2015, 10:28 AM |
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Nov 5 2015, 10:29 AM
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Junior Member
83 posts Joined: Jul 2013
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That's good to hear.  Actually islamic schemes are in actual fact FD despite some opinions, it's just part of religion not to guarantee interest, but call it profit sharing. QUOTE(bbgoat @ Nov 5 2015, 08:12 AM) OK, checked MBB online. The "profit" is in, shown as "Credit FD Int". I calculated the amt given, it is 4%, as declared for first 6 mths. Calculated for 31 days for/over Oct month. Maybe others can check theirs later. Now looks like can put in more eggs there ! |
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Nov 5 2015, 10:33 AM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(familyfirst @ Nov 5 2015, 10:28 AM) Super deal from OCBC. Pure FD. No string attached and no investment linked. Thanks for the update6m @ 4.3% 12m @ 4.5% !!!! Valid for fresh funds min 10k. Valid till 31 Dec or when quota reached. Please guys, keep some quota for me cos I will only have fresh funds early Dec. Hope got chance then. But good news have to share here. Now go run there everyone. Got this info thru the RM via whatsapp. The 12 mths FD is very attractive for me  |
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Nov 5 2015, 10:33 AM
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Senior Member
5,272 posts Joined: Jun 2008
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QUOTE(familyfirst @ Nov 5 2015, 10:28 AM) Super deal from OCBC. Pure FD. No string attached and no investment linked. i will call them. thanks6m @ 4.3% 12m @ 4.5% !!!! Valid for fresh funds min 10k. Valid till 31 Dec or when quota reached. Please guys, keep some quota for me cos I will only have fresh funds early Dec. Hope got chance then. But good news have to share here. Now go run there everyone. Got this info thru the RM via whatsapp. |
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Nov 5 2015, 10:34 AM
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Junior Member
569 posts Joined: Jul 2007
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QUOTE(Ramjade @ Nov 5 2015, 08:34 AM) I will show you some calculations and let you decide whether it is worth it or not. OIC I though the note 5 is come with FD account. My bad didn't read carefully.Samsung malaysia official Note 5 price = RM2699 Public Bank SA interest = 0.6% (220000 x 0.006 x 182)/366 = RM656.39 assuming you put this month Total amount earned = RM2699 + RM656.39 = RM3355.39 If you put at ambank 6 months 4.25% (220000 x 0.0425 x 182)/366 = RM4649.45 Directd price = RM2499 (Samsung malaysia warranty) Savings = RM4649.45 - RM2499 = RM2150.45 So if you put ambank 6 months at 4.25% and you buy a note 5 after 6 months with the interest, you still have leftover of RM2150.45 instead of only RM656.39 if you put at public bank savings account. What if I don't like ambank? I would like to go for other banks 6 months promo. Be my guest. Just use my calculations and substitute 0.0425 with whatever interest that bank is giving you. And check out for yourself if is still worth it putting at pbb sa. Keep in mind that after 6 months, the Note 5 price will drop further. So far Ambank still give the best FD interest? This post has been edited by keyser soze: Nov 5 2015, 10:36 AM |
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Nov 5 2015, 10:36 AM
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Junior Member
83 posts Joined: Jul 2013
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Good effort there
To put it into perspective, the difference between ambank and PBB is RM1294.06 (RM4649.45 - RM3355.39) PBB advantage is enjoy the Note 5 immediately (depend on delivery or stock availability) instead of waiting for 6 months interest to buy, so it all depends on phone urgency. To add more reality to the comparison, Note 5 can get cheaper than retail price in the market eg. 1800+ so that's more difference comparing with Ambank  QUOTE(Ramjade @ Nov 5 2015, 08:34 AM) I will show you some calculations and let you decide whether it is worth it or not. This post has been edited by thingamagic: Nov 5 2015, 10:37 AMSamsung malaysia official Note 5 price = RM2699 Public Bank SA interest = 0.6% (220000 x 0.006 x 182)/366 = RM656.39 assuming you put this month Total amount earned = RM2699 + RM656.39 = RM3355.39 If you put at ambank 6 months 4.25% (220000 x 0.0425 x 182)/366 = RM4649.45 Directd price = RM2499 (Samsung malaysia warranty) Savings = RM4649.45 - RM2499 = RM2150.45 So if you put ambank 6 months at 4.25% and you buy a note 5 after 6 months with the interest, you still have leftover of RM2150.45 instead of only RM656.39 if you put at public bank savings account. What if I don't like ambank? I would like to go for other banks 6 months promo. Be my guest. Just use my calculations and substitute 0.0425 with whatever interest that bank is giving you. And check out for yourself if is still worth it putting at pbb sa. Keep in mind that after 6 months, the Note 5 price will drop further. |
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Nov 5 2015, 10:37 AM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(familyfirst @ Nov 5 2015, 10:28 AM) Super deal from OCBC. Pure FD. No string attached and no investment linked. 6m @ 4.3% 12m @ 4.5% !!!! Valid for fresh funds min 10k. Valid till 31 Dec or when quota reached. Please guys, keep some quota for me cos I will only have fresh funds early Dec. Hope got chance then. But good news have to share here. Now go run there everyone. Got this info thru the RM via whatsapp. Called OCBC PB centre, confirmed the FD promo !! No cap to it yet. So no worry that we will take it away from you !  Monday going there !! |
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Nov 5 2015, 10:38 AM
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Senior Member
5,272 posts Joined: Jun 2008
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QUOTE(bbgoat @ Nov 5 2015, 10:37 AM) Called OCBC PB centre, confirmed the FD promo !! No cap to it yet. So no worry that we will take it away from you ! Monday going there !! |
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Nov 5 2015, 10:39 AM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(Avangelice @ Nov 5 2015, 10:38 AM) i am not a PB member. I need help. The promo is for all. I called PB centre to confirm the rate. Go for it ! |
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Nov 5 2015, 10:41 AM
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Senior Member
5,272 posts Joined: Jun 2008
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QUOTE(bbgoat @ Nov 5 2015, 10:39 AM) The promo is for all. I called PB centre to confirm the rate. Go for it ! thank you. i will call them to park in terus. |
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Nov 5 2015, 10:42 AM
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Junior Member
83 posts Joined: Jul 2013
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BSN having promo now ... 12 months FD 4% get free ipod shuffle, min. 50k |
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Nov 5 2015, 10:43 AM
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All Stars
24,354 posts Joined: Feb 2011
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QUOTE(thingamagic @ Nov 5 2015, 10:36 AM) Good effort there If no stock? To put it into perspective, the difference between ambank and PBB is RM1294.06 (RM4649.45 - RM3355.39) PBB advantage is enjoy the Note 5 immediately (depend on delivery or stock availability) instead of waiting for 6 months interest to buy, so it all depends on phone urgency. To add more reality to the comparison, Note 5 can get cheaper than retail price in the market eg. 1800+ so that's more difference comparing with Ambank  then you don't get anything by putting there?  |
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Nov 5 2015, 10:45 AM
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All Stars
24,354 posts Joined: Feb 2011
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QUOTE(keyser soze @ Nov 5 2015, 10:34 AM) OIC I though the note 5 is come with FD account. My bad didn't read carefully. Nope. Now for 6 months is ocbc at 4.3%So far Ambank still give the best FD interest? |
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Nov 5 2015, 10:46 AM
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Senior Member
5,272 posts Joined: Jun 2008
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just called Kuching OCBC. woo hoo! Thank you guys.
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