bank rakyat told me they will hv 12mth promo rate 4.3% beginning nov & ending 31/12, mthly interest payment

also heard on bfm this morning, US looking at rate hike in dec. anyone got opinion on this?

Been out of touch for some time. Just went to maybank2u to check out mbb's GIA campaign. One thing I'm not sure of is the profit rate and the profit sharing ratio (PSR)



Do we get the 4% or our share only 70% of 4% ie 2.8% only ???

One good thing about this is that we can take out money anytime & they will pay "profit" up to the date we withdraw, no need to be mthly anniversary. Besides, they pay the "profit" to your nominated maybank account every month.

Anyone has experience with this GIA?

This post has been edited by okuribito: Oct 30 2015, 03:34 PM

hmmmm if add on to principal, will there be compounding? If got, then it's superb

... provided of course we get the full 4% lah

btw thx all who responded. pls let us know as soon as your first bunga is received

uh huh in cantonese to give a clock is "sung choong" which is also the same pronunciation for one of the last "sending off" rites during taoist funeral. can give wrist watch but never a clock ... for cantonese lah

One More Reason to forget about Bank Rakyat FD

With the trend towards 4.5% for 12mths FD, BR's recent 4.3% sucks. They used to give respectable rate to make up for the lack of PIDM... and they were also very nice to pay full nearest month board rates for premature withdrawals (iirc must have kept money for at least 1mth)

Just received letter from them about premature withdrawal policy wef 1 Dec 2015...

Basically, they're adopting commercial banks' policy. No more nice guy!

As with most commercial banks, your FD needs to have stayed with them min 3mths to qualify for any interest. If you meet that condition, they will pay you 50% of the board rate for the elapsed period.

Just like most commercial banks

Bye bye Bank Rakyat. Was nice meeting you