May i know what's the name of the FD?

5 years 4.55% + monthly interest means we can uplift anytime with very minimal loss on the interest (the most lose 1 month). This is better than SCB 4.5% promo!

If only 1 joint account holder is above 50 years old, still can get monthly interest?

Is the 5 years one for priority customer the rates?

Last week Thursday when I placed for the AmBank 12 mth 4.2%, the 5 yr 4.55% was not announced  yet. Last Dec to Jan 2015 I have already placed for their 3 years 4.5% FD.

Wonder if I should lock in for the 5 years one. So far do not have 5 yrs one. 

Wow, that is certainly one good deal for 5-year FD.

Surely will give BR a run for their money. But the promo runs until the end of October only, so probably won't do much damage to BR's ego

So, I assume BR will be a sitting duck until October ends & do nothing to counter AmBank's promo.

If only AmBank could extend the duration of its promo or make the 4.55% as its board rate, then we will have one mouthwatering duel

Will be penalized dy
https://forum.lowyat.net/index.php?showtopi...post&p=76763266

Have to consider back wanna commit 5 years or not

If we compound 4.2% yearly interest to 5 years, it will get around 4.55% (or slightly more). I think the 4.5% 3 years previously in AmBank is a better deal than the current 5 years 4.55%.

Also 5 years is a bit long. Unless the OPR goes down then it is good to lock down (at this moment)to 5 years.  But we cannot know how OPR will play out in the future.

Ha ha ha, my main point is just in case OPR goes up. If I go for 5 yrs, I would select MBSB 4.7% one.

Anyway I think it is good to spread out portfolio with short term, 1 yr, 3 yrs and 5 yrs one. So far I do not have 5 yrs one. It seems that only those non PIDM one are giving high (relatively speaking) rates for 5 years.

Well, life is NOT without risks, so take some risk ! 

Since you can withdraw EPF anytime, then AmBank one you sure will get monthly interest ?   

I prefer not to talk about figures in this forum unless it is 10k or so. 

I will keep the figure in my heart. 

I was still thinking of the avatar you used previously. The man who longs for the sui girl shown !!!   

If MBSB becomes a proper bank, likely they will be more conservative and lower the rates down. 

Very keen to investigate further on  5 years 4.55% with semi annual interest - end Oct

Capital guarantee and PIDM covered?

Seems better than MBSM..

Thanks for the comparison, but... very tough decision to make...

Tenkiu, tenkiu 

I'm convinved that after you deposit max amount into EPF, sure to have many cash left for FD la...

EPF's dividend rate post-2007 is on the upward trend. Last year shoot up to 6.75%   I set aside a portion of my $$$ in it too. Will monitor for a year or two to gauge how EPF perform during current economy environment. Hope it can prevail & declare another appealing skyward dividend rate.

When is your 5-year FD with BR & MBSB reaching their maturity? If I'm not mistaken, should be around 2017. So, you intend to place another round of 5-year FD (with the extra money after deposit to EPF)?

Fuh, banyak wealhty...can lock in $$$ in FDs for long tenure without worry

Yesterday I mentioned that UOB delayed one day give me interest and let my fund sit idle for few days (as I tot they are only giving on the 13 mth). 

Good thing is today decided to go for AmBank long term 5 years 4.55%. 

It is an Islamic one, called Term Deposit i. Have to sign a form "Anti Money Laundering Checklist for Acct Opening for Individual Customers".  Even a question like "is the customer name listed" something like that. Haha. Second page " is customer high risk .....".  Interesting !

Wow, 2017...almost cross the finish line. Mine is a year later than yours.

If based on write-ups & tales passed down from generation to generation, the 10-year cycle of stock market crash will be approaching around that time wor. By that time, I think almost everyone needs to do blood test to determine our health conditions. Not just you alone. Mana tau sekali market sink heavily   ... Mana ada urge want to put 5-year FD lagi

Maybe the best practice to ride out the hard times is to live the way of life of a monk

BCC memang ever so humble...

Ok la, not super duper filthy rich...but still wealthy la...ada PB status, higher FD rates, dandy gifts etc. compared to the masses.

Strictly place 5-year FD with extra money, then the woes of MBSB makan & merge with Muamalat or not, ada PIDM or not, market collapse or not; won't distress us much.

Malaysia boleh! Kau boleh! BCC boleh!

got ... bank of lowya

Affin kena beat liao.  Need high amount to get high interest.  Interest also not as high as Truesavers. Not worth.

Uncle boom also using Truesavers now.

Ambank 4.55% for 5 years. Exceed 4.5% with PIDM. combine with Truesavers for effective rates of >4.55%! Interest paid semi-annually if one is <50 years old and monthly if >50years old.

Hardly any atm in sight. I go for that only because of the 2.8%.If it doesn't offer 2.8%, I wouldn't even bother opening.  So when I want my money, plan in advance and ibg it out. Will reach maybank at 2pm. Then I withdraw. Ibg's free. Make use of every featured offered by the bank.

Any tips on how to nego for higher rates?

If we already passed the banker's cheque to the teller, he/she would know that most likely we will make placement there so less chance to nego.

No RM.

Don't think mbsb will win cause previously one guy showed a 4.2% FD if compounded yearly can win against bsn 4.5%. Differences between them are 0.3%. Here mbsb 4.7% vs ambank 4.55%,  differences is only 0.15 and one gets interest compounded monthly if one >50 years old. So if 4.2% can win against 4.5%, I don't see why 4.55% cannot win against 4.7%. Best is calculate ourself manually using pen and paper.

Since the interest you get monthly will be constant, you can create a new column to calculate that

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. 

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 !   

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.

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!

Back to the topic,
Bank Muamalat is having 3 month and 6 months Fixed Term Account-I (FTA-i) promo at 3.95% and 4.1% p.a respectively, minimum Fresh Fund: RM 5,000,000 (not kidding)

If you have no RM5,000,000, you can take their 6 month step up promo at effective rate of 3.95%p.a

[attachmentid=5131042]

T/C
http://www.muamalat.com.my/downloads/Wang_...r_2_English.pdf

PIDM register
http://www.muamalat.com.my/downloads/consu...10-july2015.pdf

Ladies and gentlemen, boys and girls

MBSB 4.7% + TS 2.8% vs AMB 4.55% +TS 2.8%   
Minimum amount here = RM10k



AMB = AMbank
TS 2.8 = Truesavers
EIR = Effective Interest rates

From here we can see that even with monthly interest, Ambank 4.55% still lose out to MBSB 4.7%.  MBSB is still the champ here.  However notice that the EIR of MBSB only increase 0.30943% while AMB increases by 0.32766% which shows that you could get more money if there is say a FD able to give you 4.7% monthly interest.  .

yygo is right. If we put 1 year FD with the interest, the EIR can go up further.  But that can only be done from 2nd year onwards (Starting amount of RM10k). Unless one starts off with RM100,000. 

I didn't include in the last month interest of TS of the 5th year as I assume the FD will pay the interest at the end of the month. So if we would like to see the last month interest, we need to go another year. I used 2016 as it is easier to count.

By the way, aeiou228 how come your EIR is 5.23% Vs 5.10 while mine is only 5.00943% vs 4.87766%?  Your method is add to principal to get the EIR of 5.23% Vs 5.10%?

This is the first time I am calculating this kind of things. Any mistakes please correct me.

For those who want to download my excel file, you can do so here.

http://www.solidfiles.com/d/d0e750317c/.

Click direct download and nothing else.

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.