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Fixed Deposit Rates In Malaysia V. No.11, Strictly for FD Discussion Only
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TOMEI-R
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 Jan 25 2016, 01:52 PM
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QUOTE(wu ming @ Jan 24 2016, 07:33 PM) Deposits must be in Ringgit denomination when you place a foreign deposit within banks in Malaysia. Banks would then convert your Ringgit according to the exchange rate + their premium before placing the deposits in your preferred currency. Their premiums are usually very high so you loose out instantaneously. This I agree. Before you even start to earn you already lose in exchange rates because banks exchange rates for foreign currencies are shitty. That is why a lot of Malaysians bring over cash to neighbouring Singapore to bank in. Bear in mind Singapore banks dont give interests for deposits. |
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hcolin
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Jan 25 2016, 02:50 PM
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Getting Started
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QUOTE(supersound @ Jan 25 2016, 10:20 AM) Ok, just wait and see his reply  Maybe it was issueing a cheque coz when i withdraw my FD, they tell me there are charges. Not sure if it is coz of the cheque But they say transferring to HLB account, there is no charge. Then I say no need since I got a HLB account. Hey other banks dun charge me to issue a cheque... This post has been edited by hcolin: Jan 25 2016, 02:52 PM |
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SUSintrepidity85
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Jan 25 2016, 02:55 PM
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QUOTE(TOMEI-R @ Jan 25 2016, 01:49 PM) I'd say this will depend on their collection for all loans, credit cards etc. If NPL keeps going up this year, Im sure they will come up with better rates for fd. But do bear in mind, when banks give out higher rates for FD, so do they charge more interests for loans.  those who have big cash in their hand sure enjoy to max those who loan ... facepalm lor |
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SUSsupersound
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Jan 25 2016, 04:49 PM
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QUOTE(hcolin @ Jan 25 2016, 02:50 PM) Maybe it was issueing a cheque coz when i withdraw my FD, they tell me there are charges. Not sure if it is coz of the cheque But they say transferring to HLB account, there is no charge. Then I say no need since I got a HLB account. Hey other banks dun charge me to issue a cheque... Yeah, I think is cheque issuance that cost you. Anyway, I only can confirm on this when I withdraw my FD from HLB  |
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yygo
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Jan 25 2016, 05:30 PM
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QUOTE(hcolin @ Jan 25 2016, 02:50 PM) Maybe it was issueing a cheque coz when i withdraw my FD, they tell me there are charges. Not sure if it is coz of the cheque But they say transferring to HLB account, there is no charge. Then I say no need since I got a HLB account. Hey other banks dun charge me to issue a cheque... QUOTE(supersound @ Jan 25 2016, 04:49 PM) Yeah, I think is cheque issuance that cost you. Anyway, I only can confirm on this when I withdraw my FD from HLB hl never charge any fees for fd. only for withdrawal using cheque, ibg. |
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SUSsupersound
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Jan 25 2016, 05:39 PM
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QUOTE(yygo @ Jan 25 2016, 05:30 PM) hl never charge any fees for fd. only for withdrawal using cheque, ibg. Ok, thanks mate for the clarification  |
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Vio
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Jan 25 2016, 06:13 PM
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hello guys, would like to inform all that the HLB 4.5@6 months is still available . also is there anyway to make them suspend my debit/atm card? im not using. also i was told that min balance in current acc must be at least 200 or they will charge Rm5, is this common with all banks?
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Ramjade
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Jan 25 2016, 06:19 PM
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QUOTE(Vio @ Jan 25 2016, 06:13 PM) hello guys, would like to inform all that the HLB 4.5@6 months is still available . also is there anyway to make them suspend my debit/atm card? im not using. also i was told that min balance in current acc must be at least 200 or they will charge Rm5, is this common with all banks? What account is that? Mine was rm19.xx also no charge. In the end I close my account. Ask to do a BSA. That's the account without charge |
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Vio
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Jan 25 2016, 06:27 PM
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QUOTE(Ramjade @ Jan 25 2016, 06:19 PM) What account is that? Mine was rm19.xx also no charge. In the end I close my account. Ask to do a BSA. That's the account without charge its a PAY AND SAVE account. i told the bank officer that i only want to open and account for the fd. is it the same? |
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Human Nature
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Jan 25 2016, 06:31 PM
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QUOTE(Vio @ Jan 25 2016, 06:27 PM) its a PAY AND SAVE account. i told the bank officer that i only want to open and account for the fd. is it the same? Different product will have different terms. Better find out the name of the account and find the T&C from its website. |
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SUSsupersound
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Jan 25 2016, 06:50 PM
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QUOTE(Vio @ Jan 25 2016, 06:27 PM) its a PAY AND SAVE account. i told the bank officer that i only want to open and account for the fd. is it the same? Well, I have credit cards with them, so I'll just bank in money in this account each month and pay it left with rm10, then bank in again. What you required to do is make sure there's rm200 carry forward to next month. |
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Ramjade
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Jan 25 2016, 06:52 PM
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QUOTE(Vio @ Jan 25 2016, 06:27 PM) its a PAY AND SAVE account. i told the bank officer that i only want to open and account for the fd. is it the same? Is a bad account. Interest also not high. https://ringgitplus.com/en/current-account/...ve-Account.html. If you don't need that account, close it, and open just a normal BSA. |
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TOMEI-R
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Jan 25 2016, 07:39 PM
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QUOTE(intrepidity85 @ Jan 25 2016, 02:55 PM) those who have big cash in their hand sure enjoy to max those who loan ... facepalm lor Well this only applies to those buying property when/if property prices drop. For those who keep cash in FDs, when the country's economy worsens, so does the value of our currency. |
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Vio
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Jan 25 2016, 08:00 PM
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thank you all sifu. will try to check with them again tmr. if worst come to worst will just leave it be, not planning to use for any transaction. just for fd purposes
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SUSintrepidity85
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Jan 25 2016, 08:27 PM
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QUOTE(TOMEI-R @ Jan 25 2016, 07:39 PM) Well this only applies to those buying property when/if property prices drop. For those who keep cash in FDs, when the country's economy worsens, so does the value of our currency. the best way is to change into USD or SGD? |
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Ramjade
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Jan 25 2016, 08:39 PM
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QUOTE(intrepidity85 @ Jan 25 2016, 08:27 PM) the best way is to change into USD or SGD? Money changer but it's off topic. Would suggest you to visit the USD/myr thread. |
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mamamia
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Jan 25 2016, 08:58 PM
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QUOTE(Vio @ Jan 25 2016, 06:13 PM) hello guys, would like to inform all that the HLB 4.5@6 months is still available . also is there anyway to make them suspend my debit/atm card? im not using. also i was told that min balance in current acc must be at least 200 or they will charge Rm5, is this common with all banks? I've cancel my debit card with them. U can try to walk in n tell them u want to cancel the card. For me, they gave me a form to fill in n cancel immediately |
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coolstore
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Jan 25 2016, 09:33 PM
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fd rate may drop in 2nd half, better lock in the 4.5% 12 mth
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SUSintrepidity85
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Jan 25 2016, 11:02 PM
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QUOTE(coolstore @ Jan 25 2016, 09:33 PM) fd rate may drop in 2nd half, better lock in the 4.5% 12 mth kindly explain |
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TOMEI-R
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Jan 26 2016, 12:16 AM
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QUOTE(intrepidity85 @ Jan 25 2016, 08:27 PM) the best way is to change into USD or SGD? Well both are good if you ask me. But then again, this is another topic.  QUOTE(coolstore @ Jan 25 2016, 09:33 PM) fd rate may drop in 2nd half, better lock in the 4.5% 12 mth I hope to see it happening too, though I dont think possible. Its means the economy and market is improving. |
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