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Fixed Deposit Rates In Malaysia V. No.10, Please Read Post #1 & #2
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SUSlowya
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 Oct 20 2015, 10:07 PM
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QUOTE(BoomChaCha @ Oct 20 2015, 10:04 PM) No, no penalty, but just no interest for 4.55% FD if you placed it less than 3 months. Consider fresh fund..?  Am Bank Maluri said if use existing fund, just need to top up RM 10K fresh fund, or top-up 20% fresh fund... When did you placed your 4.55% FD? For my case, I can change because I just placed my 4.55% yesterday. i also place it yesterday.. we are in same boat same time, just different branch i guess.. haha. |
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SUSlowya
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Oct 20 2015, 10:17 PM
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QUOTE(BoomChaCha @ Oct 20 2015, 10:13 PM) Ha... Really..?  I called Am Bank where I placed my 4.55% FD, the staff who picked-up the call said I could only go back tomorrow to change the FD to 2 years 4.6%. because need 2 days to clear my banker's check. So I will lose 2 days interest. If I use cash to place 4.55% FD, then I can change to 2 years 4.6% immediately, no need to wait until tomorrow. Are you sure you will change to 4.6% tomorrow?  0.05% extra means only RM50 extra for a 100k fd? |
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SUSlowya
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Oct 20 2015, 10:45 PM
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QUOTE(BoomChaCha @ Oct 20 2015, 10:28 PM) Yes.. RM 50 extra for RM 100K. But the main issue is the tenure, why I wanted to place in AM Bank for 5 years because I was greedy for the 4.55%. Now since we can get 4.6% for 2 years, it is no longer necessary to lock for 5 years.. My opinion only.. Oh.. Then you can call Am Bank in your town first before you go there. I think 99.99% of change AM Bank in your town has this 4.6% promo available.. sure will report back here tmr, only make a trip cause its nearby my place. but lock in 5 years could be good in case year 3-5 opr drops? |
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SUSlowya
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Oct 20 2015, 10:48 PM
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QUOTE(BoomChaCha @ Oct 20 2015, 10:38 PM) I just did an analysis: (1) if we let it be to keep our 4.55% for 5 years, the maturity date is Monday, 19 Oct 2020. Monday is perfect to uplift the FD. (2) If we change to 4.6% for 2 years tomorrow , the maturity date will be Saturday 21 October 2017, we will lose interest on Sunday (22 Oct 2017), and also 2 days interest for yesterday and today..Total will lose 3 days interest. ah.. this is pro level of analysis...  but in few hours time action (or not action) need to be taken. whats the conclusion bro? |
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SUSlowya
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Oct 20 2015, 11:02 PM
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no gift given by ambank, a bit stingy isnt it?
if u have view that opr will go up in 5 years time, that is the right move to go for shorter term with high rate. (logical thinking)
but i have zero prediction ability of opr in 5 years time, so i guess 0.05% is small unless u got 1 mil in there then it's worth the effort or parking, queuing waiting..
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SUSlowya
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Oct 21 2015, 01:33 PM
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QUOTE(BoomChaCha @ Oct 21 2015, 10:52 AM) I called to Am Bank Raja Chulan again, a leng lui staff confirmed and said Yes, if FD matures on Saturday, interest will be paid for Sunday... have u cancel the 4.55% for 4.6%? |
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SUSlowya
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Oct 21 2015, 05:21 PM
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QUOTE(BoomChaCha @ Oct 21 2015, 04:53 PM) Yes, I changed to 4.6% 2 years already. I think you maintain your 5 years 4.55%..? no, i just changed to same as you 4.6%, without fresh fund added, approved by branch manager. in 2 years time, we shall discuss this again haha.. |
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SUSlowya
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Oct 27 2015, 10:32 PM
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QUOTE(ivanchin99 @ Oct 26 2015, 06:26 PM) I just put in Maybank today and guess what, I see this : [attachmentid=5190467] Public Bank 4 Monthi didnt read the fine prints, but very certain all maybank promo are all bs, nothing is effective p.a. in their advertising. |
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SUSlowya
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Dec 1 2015, 11:12 AM
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a quick check is the maybank 6% p.a. deal still on?
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SUSlowya
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Dec 1 2015, 11:25 AM
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QUOTE(ohcipala @ Dec 1 2015, 11:18 AM) yes the effective 6% p.a. one, still available? |
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