So fast show hand?

Uncle do not know how to use the Excel formula lah..

But if for my diversification, AM Bank is suitable for me..
Recently learning to split my eggs from Ah Goat Sir..

This post has been edited by BoomChaCha: Oct 14 2015, 07:58 PM

After becoming PB of SCB, I missed going to a wine tasting function and dinner for UT introduction. Go go and join them.

Oh, BR got the highest FD amt for you. So now I know we have a quiet BR kaki.

I put in to MBSB's 18 mth 4.5% recently. But still have not put in to their 5 yr 4.7%. Maybe I should do that before they merge with another bank.

But 5 yrs is a bit long. I dived in the AmBank's 5 years FD last week. Still kind of trust AmBank more than MBSB. But may still go for MBSB 4.7% later.

Splitting eggs is just for security. But once over 250k in one acct, that may not mean much already.

Few weeks ago when i went to MBSB to pick-up my FD interest, MBSB staffs tried to convinced me
to put in 18 months 4.5%.

In between MBSB 5 years and Am Bank 5 years, and MBSB 18 months 4.5%, very hard to make decision lah.

Most likely I will go for AM bank lah....I think I still can tahan another 6-7 years wah..?

Nowadays if suspect have problem, go for check up and treatment. High blood pressure can be controlled. So 6-7 years ? 16-17 years also sub sub suai !

Unker correct. Don't smoke, drink, exercise everyday, eat medicine everyday can tahan. Unker can help calculations for mbsb vs ambank 5 years with additional Truesavers 2.8% for both? I count until pening.

This post has been edited by Ramjade: Oct 14 2015, 08:34 PM

Actually me too would have placed some fund with Ambank 5 years. Save time and cost to play musical chair in 5 years and yet gain a good rate. Monthly interest for above 50 yrs some more but too bad final decision not mine.

My calculation shows 5.23% Vs 5.10 in favour of MBSB.
I think it's worth to "pay" 0.13% to AMbank as a premium for PIDM protection unless the deposit amount is very large.
But for such long term deposit, I would suggest 4.5% BSN with gomen guaranty for the entire deposit amount.

Wow. 4.7% and 4.55% balloon up to 5.23% and 5.10% just because of a 2.8% SA!!!

4.5% compare to 5.10% and 5.23% is a very big difference!

Well one could always split 2xRM250k between wifey and oneself rather than going for 4.5%

This post has been edited by Ramjade: Oct 14 2015, 09:02 PM

For apple to apple effective interest rate comparison, the compound interest calculation is assumed at 4.7 and 4.55 respectively.

BSN 4.5% is p.a. rate, yet to be compounded. You need to find out BSN interest payment policy for 5 year FD before you can calculate the compounded interest rate.

They said that bsn only pay upon maturity. If that's the case, we tend to lose here.

Have the 5.10% and 5.23% calculations taken into consideration of monthly interest compounding into 2.8% of Truesavers sa (ambank fd) and half yearly interest for compounding into 2.8% of Truesavers sa (mbsb fd)?

For BSN 5 Years FD, if I'm not mistaken is half yearly.

The 5.10% and 5.23% already a compounded interest calculated based on the assumption that "interest added to principle" for Apple to Apple comparison.

If you bring in Thruesaver 2.8% into the equation, then the argument can be never ending, coz one can argue that half yearly interest earned from MBSB FD and place it in ASX for 6.4% compounding interest.

Let's not bring ASX into the equation. The question here is maximising returns from this 2 FD if you are above 50. One can use Truesavers to maximise the interest earns. So if mbsb with 4.7% interest given half yearly and added into Truesavers compare with ambank with 4.55% interest given monthly (above 50 years old) and added into Truesavers, which one is able to give a higher returns after 5 years?

Ambank share price drop from rm8 to rm 4.xx..

If ambank continue to giv higher fd rates, probably will see their margin cutting deeper thru a higher cost of financing. maybe will be rm3 soon..

Haha

same tenure, i will go for the highest rate, 4.7% anytime better.
Extra RM2000 every year for 1M, multiply that amount and time, can be a lot in due course.
mbsb , br , amb, to me all the same.

4.5% pays monthly cant beat 4.7% pays 6 monthly.
In that RM1M eg, every month u take RM3750 put in FD also cannot earn the additional RM2000
in a year.


MBSB can bank in the interest into your bank.
Mine is always banked into my CIMB, can see online same day. very convenient.

For now i think MBB GIA-i is the best, 1 yr FD 4.5%pa , monthly interest!

Thinking of eFD/eTD @ CIMB 3 months@4.0%

I do not have CIMB a/c which means I have to walk-in to open a savings account first and then apply CIMB clicks online account before I can start applying for eFD/eTD 3mths@4.0%? I read somewhere in this forum, this has to be applied/placement online as well.

Assuming TD/FD amt is 10k, after 3 mths I get 10,100 correct?

It's the highest eTD/eFD among all the banks and I like the convenience of applying and uplift online!

This post has been edited by kimmo88: Oct 14 2015, 11:53 PM

Yes to all

Anyone on UOB FD? Once the FD reaching maturity, do I have inform the bank prior to the maturity date? I cannot seem to do anything on their online banking website. Do I have to go to the branch on the 'exact day' of maturity date to uplift the FD? Do I have to bring the FD statement issued (no cert given) to me when I apply/placement for the FD or my IC will do? How much do they charge for the bankers cheque(bc)? UOB is not on the MEPs list for free instant bank transfer so I would need a bc.

Anyone using CIMB 'kwik' account for the purpose of eFD placement online? CIMB 'kwik' account can be applied online!

Anyone can share their experience - CIMB 'kwik' account vs basic savings account I esp. hidden charges/annual fees?


This post has been edited by kimmo88: Oct 15 2015, 02:02 AM

1.yes
2.no, FD funds has to be deducted from savings, not kwik
3.kwik has one time charge rm10.60 on the card, basic savings 2 can be free, but staffs will be reluctant to open for u

well, i hate to haggling, just deal or no deal