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 Fixed Deposit Rates In Malaysia V. No.10, Please Read Post #1 & #2

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thingamagic
post Nov 5 2015, 01:55 PM

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Generally all FD early withdrawals would just waive the latest month interest if full month unfulfilled unless T&C practises prorated interest
cj7lee
post Nov 5 2015, 02:16 PM

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QUOTE(thingamagic @ Nov 5 2015, 01:55 PM)
Generally all FD early withdrawals would just waive the latest month interest if full month unfulfilled unless T&C practises prorated interest
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An article on this topic: What Happens When You Terminate A Fixed Deposit Early?
aeiou228
post Nov 5 2015, 02:28 PM

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QUOTE(thingamagic @ Nov 5 2015, 01:55 PM)
Generally all FD early withdrawals would just waive the latest month interest if full month unfulfilled unless T&C practises prorated interest
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Bro, I never heard of such gooding premature withdrawal policy. Your bank is indeed very generous.
Can share with us which bank is practising this type of policy ? brows.gif
harmonics3
post Nov 5 2015, 02:43 PM

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QUOTE(Ramjade @ Nov 5 2015, 10:45 AM)
Nope. Now for 6 months is ocbc at 4.3%
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oh no, just placed 4.25% 6-mth at ambank before reading this!!
was told no more luggage bag gift. still a lot of $$ floating around!!

This post has been edited by harmonics3: Nov 5 2015, 02:49 PM
familyfirst
post Nov 5 2015, 03:03 PM

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Has anyone done any research if the interest rates are better of at the beginning or end of the year for the past few years? Just curious.

FDs maturing Dec dunno wanna wait till Jan or just place with 4.5% in Dec.
thingamagic
post Nov 5 2015, 03:39 PM

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MBB GIA-I is one example

Perhaps its the islamic schemes



QUOTE(aeiou228 @ Nov 5 2015, 02:28 PM)
Bro, I never heard of such gooding premature withdrawal policy. Your bank is indeed very generous.
Can share with us which bank is practising this type of policy ?  brows.gif
*
wjchay
post Nov 5 2015, 04:32 PM

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i just got news fr OCBC RM, 4.5% for 12 mths FD until 31 dec 2015. Min 10k fresh funds.
cybpsych
post Nov 5 2015, 04:41 PM

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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.
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QUOTE(wjchay @ Nov 5 2015, 04:32 PM)
i just got news fr OCBC RM, 4.5% for 12 mths FD until 31 dec 2015. Min 10k fresh funds.
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we've gotten the news this morning biggrin.gif
wil-i-am
post Nov 5 2015, 05:00 PM

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QUOTE(wjchay @ Nov 5 2015, 04:32 PM)
i just got news fr OCBC RM, 4.5% for 12 mths FD until 31 dec 2015. Min 10k fresh funds.
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On paper is until 31/12
In reality, 1st come 1st basis
McFD2R
post Nov 5 2015, 05:03 PM

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Does this OCBC has maximum amount as well? My current OCBC 4.2% only allows max RM30k which sucks.
cybpsych
post Nov 5 2015, 05:06 PM

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QUOTE(McFD2R @ Nov 5 2015, 05:03 PM)
Does this OCBC has maximum amount as well? My current OCBC 4.2% only allows max RM30k which sucks.
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the previous ocbc 13mth 4.2% p.a. has max RM10mil per account wor. hmm.gif

http://www.ocbc.com.my/assets/pdf/Accounts...ingsDeal_en.pdf
McFD2R
post Nov 5 2015, 05:09 PM

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QUOTE(cybpsych @ Nov 5 2015, 05:06 PM)
the previous ocbc 13mth 4.2% p.a. has max RM10mil per account wor.  hmm.gif

http://www.ocbc.com.my/assets/pdf/Accounts...ingsDeal_en.pdf
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Mine was placed March this year, 12 months.
jusTinMM
post Nov 5 2015, 05:10 PM

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I got no account at OCBC. Mean i need to withdraw using banker cheque then go to OCBC for the FD?
cybpsych
post Nov 5 2015, 05:18 PM

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QUOTE(McFD2R @ Nov 5 2015, 05:09 PM)
Mine was placed March this year, 12 months.
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if March 2015, it could be OCBC Hugo Boss pen/Fresh Deal campaign. that one got RM5mil per account max limit.
cybpsych
post Nov 5 2015, 05:19 PM

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QUOTE(jusTinMM @ Nov 5 2015, 05:10 PM)
I got no account at OCBC. Mean i need to withdraw using banker cheque then go to OCBC for the FD?
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yes.

and most likely need to create a savings account for interest crediting purposes.
guitaristdavid
post Nov 5 2015, 05:20 PM

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Indonesian FD Rates is as high as 7%... and amount is higher can upto 9%...
aeiou228
post Nov 5 2015, 05:42 PM

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QUOTE(familyfirst @ Nov 5 2015, 03:03 PM)
Has anyone done any research if the interest rates are better of at the beginning or end of the year for the past few years?  Just curious.

FDs maturing Dec dunno wanna wait till Jan or just place with 4.5% in Dec.
*
Assuming if you waited 15 days for a 4.7% 12 months FD in 2016, then you are actually getting 4.51% in effective terms.
If there is no such 4.7% rate in 2016 and rates remain at 4.5%, then you are getting 4.32% for losing 15 days interest.

michaelho
post Nov 5 2015, 05:45 PM

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soli, double post.

This post has been edited by michaelho: Nov 5 2015, 05:46 PM
michaelho
post Nov 5 2015, 05:45 PM

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QUOTE(bbgoat @ Nov 5 2015, 09:12 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.  rclxms.gif Calculated for 31 days for/over Oct month.  nod.gif

Maybe others can check theirs later.  biggrin.gif

Now looks like can put in more eggs there !  rclxm9.gif
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Goat gorgor, will follow your lead and go for 4.5% MBB 12 months tomorrow. Will opt out of CIMB 3months because 6 Feb 2016 is weekend and then followed by CNY holidays . I know they will 'cheat' me of 1 day interest, I boh song tongue.gif .



cybpsych
post Nov 5 2015, 05:47 PM

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QUOTE(michaelho @ Nov 5 2015, 05:45 PM)
Goat gorgor, will follow your lead and go for 4.5% MBB 12 months tomorrow. Will opt out of CIMB 3months because 6 Feb 2016 is weekend and then followed by CNY holidays . I know they will 'cheat' me of 1 day interest, I boh song  tongue.gif .
*
just curious, why not OCBC's 12mth 4.5% pa?
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