then it is a norm among local banks then, with a few exceptions

have not heard of this before. could be some freak issue. anyone else has this issue?

The root cause for the non interest payment over FD due date fall on non business day is due to the some bank's FD system treated this type of withdrawal as premature withdrawal for the renewed placement from the due date to the next business day (day of withdrawal). The FD system has no provision to cater for such situation.
Maybe there is no rules from BNM or not many depositors complain about it to push the banks to upgrade to smarter FD system similar to that of OCBC.

This post has been edited by aeiou228: Oct 17 2015, 12:13 PM

UOB FD system will automatically makes it mature on week day. Wonder is it a Singapore central bank policy since both are from Singapore.

My UOB placement was on 17/10/2014, the maturity date is 19/10/2015 which is a Monday.

Another FD placement on 29/10/2014, maturity date 29/10/2015

Checked my FD, OCBC and SCB have FD matured on Sat ! UOB system will auto adjust to next working day (that fact has been known for some time).

Despite all that have been said about BR, their system, same as CB, will adj to next working day. Not even MBB is doing that, but you have to ask them (MBB) to pay you for those FD that matured on non working days.

This post has been edited by bbgoat: Oct 18 2015, 10:35 AM

maybank 4.5%pa

had been discussed. not fd, gia-i type. no pidm.

For the 60 months 4.5%,

Min deposit 5K.
Interest paid half yearly.
If above 50 years old, interest paid every 4 months.
If above 50 years old and deposit exceed 50K, interest paid monthly.
Deposit guaranteed by the Malaysian Government.
Effective yield for interest paid monthly is 5.04%
Comparing just yield and risk only, BSN is currently slight better yield than PAV Reit @ RM1.52 now.

You are deserved to be called Dr. Ram

Wah..

5 Years FD Comparisons

The Best Return:
(No. 1) MBSB 4.7% with interest paid every 6 months
(No. 2) Am Bank 4.55% with interest paid monthly if 50 years old and above
(No. 3) BSN 4.5% with interest paid monthly if above 50 years old and FD deposit exceed RM 50K

The Most Secured:
(No. 1) BSN 4.5%, no PIDM but FD deposit guaranteed by the Malaysian Government. I think this is good for deposit amount larger than RM 250K since PIDM protection limit is RM 250K.
(No. 2) Am Bank 4.55% with PIDM
(No. 3) MBSB 4.7% without PIDM, EPF holds more than 60% shares of MBSB

This post has been edited by BoomChaCha: Oct 18 2015, 02:42 PM

Ah Boom Ah Sir, have you deposit in BSN before ? I have heard of their service .....................

But saw they advertise in China Press FULL page advert yesterday. Are they trying to get more Chinese customer ?

Nevel lah.. Ah Sir..
2 days ago when I was in BSN to pay bills, the staffs were very slow
but luckily I saw 2 sexy young girl customers in good shape that made
me awake..

I am not interested in placing FD with BSN, I do not like the staffs slow working
behaviors.

FD depositors are usually Chinese because Bumi do not need FD since they
can get other Government "Kang Tao" that non-bumi are not entitled.

This post has been edited by BoomChaCha: Oct 18 2015, 02:53 PM

Hahaha, seeing the leng lui made you feel "good" !

When I was in KFH they told me the same thing. Most of their customer also Chinese. BR Penang same as well but their PR is good giving CNY hampers (cheap cheap), high tea etc.

This post has been edited by bbgoat: Oct 18 2015, 02:59 PM

Hu.. one of the leng lui was sibeh sexy, I was thinking to take picture,
but noticed there was a sticker attached on the BSN glass door stating
not allowed to take picture...

In most banks, I guess more than 70% of FD depositors are Chinese lah..
Bumi can get 7%xx from Pos office, but I do not know what kind of saving account
it is..

When I look at BSN staffs slow working progress, I feel like I do not have confidence
in this bank..They give me an impression that they are not efficient..

This post has been edited by BoomChaCha: Oct 18 2015, 03:22 PM

For banks require fresh funds for fd promo, is this consider fresh funds?

BankA fd matured, withdraw and put in bankB for 3mths fd. After 3 mths, put back in bankA.

Yes, this can consider as fresh fund

Oh.. Where are you going to place your next FD tomorrow (after UOB FD)..??
How about to place 5 years FD gao gao lat this time..?

My OCBC FD (3.87% effective rate ) will mature tomorrow too..
Now do not know should I go for MBSB 5 years or AM Bank 5 years? Very headache..


This post has been edited by BoomChaCha: Oct 18 2015, 03:51 PM

Bro, can't compare FD with Reits as the later is exposed to capital upside or downside

The advertisement is a new branding for BSN

Can compare. If one wants to compare and there is nothing wrong to compare.
Even Apples and Oranges also we can compare the differences.
Men and women also we can compare.
Singapore can compare to Malaysia too.
ROI in property investment also can compare with ROI in Gold investment, ROI in FD, ROI in ASX etc etc.
There is no right or wrong to compare. Any thing also can compare.

ur 7% is mean amanah saham?quite interesting to know thats saving account although im not bumi. Hehe

This post has been edited by Vincent9696: Oct 18 2015, 04:44 PM

Few years ago I saw a bumi holding a small book like a saving account book
in a post office, he told me he could get more than 7% of interest of his saving
account in post office.

I did not ask him further lah otherwise he thought I wanted to rob him, then how..??

Bumi got a lot of Kang Tao lah...

Last time a bank manager told me Bumi can make 4% free money by borrowing
personal loan from bank at 5% rate, then use this money to buy a government bond
to make 9% profit, but this will take several years to generate the profit.

Bank manger told me that this bumi rejected bank manager idea, because this
bumi wanted to make fast money..