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 Fixed Deposit Rates In Malaysia V. No.11, Strictly for FD Discussion Only

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cherroy
post Jan 31 2016, 10:07 PM

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QUOTE(lamode @ Jan 31 2016, 10:00 PM)
has anyone tried to use single cheque (so consider as fresh fund) for multiple FDs?

like a piece of 50k cheque, then split to 3 FDs.

FD 1 15k - 3 months.
FD 2 15k - 6 months.
FD 3 20k - 12 months.
*
It is doable at least from my experience with banks I encountered.

But some need 20K as min for their promo FD, please be reminded.
lamode
post Jan 31 2016, 10:08 PM

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QUOTE(cherroy @ Jan 31 2016, 10:07 PM)
It is doable at least from my experience with banks I encountered.

But some need 20K as min for their promo FD, please be reminded.
*
thanks nod.gif nod.gif nod.gif
cherroy
post Jan 31 2016, 10:10 PM

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QUOTE(Ramjade @ Jan 31 2016, 08:25 PM)
2) banks need money (target). If target not reach, banks extend deadline.

*
QUOTE(intrepidity85 @ Jan 31 2016, 08:26 PM)
based on point no.2 - it's hearsay
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It is not hearday.

The stat or data has showed some banks loan to deposit ratio has gone beyond 90%, which is rare in a normal circumstances or based on last 10 years of history.
Human Nature
post Jan 31 2016, 11:55 PM

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QUOTE(lamode @ Jan 31 2016, 10:00 PM)
has anyone tried to use single cheque (so consider as fresh fund) for multiple FDs?

like a piece of 50k cheque, then split to 3 FDs.

FD 1 15k - 3 months.
FD 2 15k - 6 months.
FD 3 20k - 12 months.
*
the cheque is from the same bank?
Ramjade
post Feb 1 2016, 12:09 AM

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QUOTE(lamode @ Jan 31 2016, 10:00 PM)
has anyone tried to use single cheque (so consider as fresh fund) for multiple FDs?

like a piece of 50k cheque, then split to 3 FDs.

FD 1 15k - 3 months.
FD 2 15k - 6 months.
FD 3 20k - 12 months.
*
Should be doable.

This post has been edited by Ramjade: Feb 1 2016, 12:47 AM
Human Nature
post Feb 1 2016, 12:41 AM

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QUOTE(Ramjade @ Feb 1 2016, 12:09 AM)
Keep in mind that by splitting the banker's cheque, some banks will charge you 3x instead of just 1x (I am assuming you are going to take banker's cheque)
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i think he wants to separate a single BC to multiple FD certs here
Ramjade
post Feb 1 2016, 12:47 AM

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QUOTE(Human Nature @ Feb 1 2016, 12:41 AM)
i think he wants to separate a single BC to multiple FD certs here
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Ok. Sorry. My mistake. Thanks.
wjchay
post Feb 1 2016, 07:41 AM

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No more HLB Mach 6 mths @4.5%
SUSintrepidity85
post Feb 1 2016, 08:06 AM

HOORAY!
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QUOTE(wjchay @ Feb 1 2016, 07:41 AM)
No more HLB Mach 6 mths @4.5%
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how do you know that?
wjchay
post Feb 1 2016, 08:45 AM

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I logged in to check, no more 4.5% option.
yygo
post Feb 1 2016, 09:15 AM

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QUOTE(wjchay @ Feb 1 2016, 08:45 AM)
I logged in to check, no more 4.5% option.
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today checked, no more 4.5% option. shakehead.gif

This post has been edited by yygo: Feb 1 2016, 10:24 AM
cybpsych
post Feb 1 2016, 09:38 AM

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QUOTE(yygo @ Feb 1 2016, 09:15 AM)
dr big bones, are u sure money box free ibg 5 times a mth? tried today, still got charges for ibg and ibft!
today checked, no more 4.5% option. shakehead.gif
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the "free" is not directly free upfront. read the t&c
TOMEI-R
post Feb 1 2016, 09:47 AM

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QUOTE(intrepidity85 @ Jan 31 2016, 04:48 PM)
saw somewhere they say extend to feb? correct me if im wrong
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Just login to my MACH account. The promotion 4.5% for six months FD has ended. It is not the on pull down list anymore. Too bad for those who missed the boat.


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TOMEI-R
post Feb 1 2016, 09:48 AM

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QUOTE(lamode @ Jan 31 2016, 10:00 PM)
has anyone tried to use single cheque (so consider as fresh fund) for multiple FDs?

like a piece of 50k cheque, then split to 3 FDs.

FD 1 15k - 3 months.
FD 2 15k - 6 months.
FD 3 20k - 12 months.
*
Of course you can. This will be done by the bank you are putting your FD in. Don't split the banker cheque into 3 or you will end up paying for 3 banker cheques. laugh.gif
TOMEI-R
post Feb 1 2016, 09:51 AM

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QUOTE(intrepidity85 @ Jan 31 2016, 06:48 PM)
lol.. nowadays looks like not many ppl keen to put on FD liao .. cause of bad depreciation RM

else the bank won't extend the deadline?
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People are still keen to put fd. Issue is whenever banks have promotional rates. people rush to transfer over their fds from other banks. So their quotas fills up very quickly. That's what the HL Mach officer told me. laugh.gif
babysiew
post Feb 1 2016, 10:14 AM

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Hi guys, best rate right now would be OCBC? Appreciate advice. Thanks

OCBC Bank Fixed Deposit Deals. Minimum Fresh Fund RM10K. Valid until 30 April 2016 - Contributed by cybpsych

T&C Fixed Deposit Deals | T&C Fixed Deposit-i Deals

9 months - 4.15%p.a.
15 months - 4.30%p.a.
babysiew
post Feb 1 2016, 10:15 AM

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I miss the PBB promo sad.gif
yygo
post Feb 1 2016, 10:23 AM

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QUOTE(babysiew @ Feb 1 2016, 10:14 AM)
Hi guys, best rate right now would be OCBC? Appreciate advice. Thanks

OCBC Bank Fixed Deposit Deals. Minimum Fresh Fund RM10K. Valid until 30 April 2016 - Contributed by cybpsych

T&C Fixed Deposit Deals | T&C Fixed Deposit-i Deals

9 months - 4.15%p.a.
15 months - 4.30%p.a.
*
affin 4.5% 12 mth reported last week by someone. anyone confirmed that?

other than bsn 4.5%, next one is rhb 4.4%.
yygo
post Feb 1 2016, 10:26 AM

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QUOTE(cybpsych @ Feb 1 2016, 09:38 AM)
the "free" is not directly free upfront. read the t&c
*
ok. i am out. aint keeping 1k there every mth. tongue.gif

Free IBG Transfers
You are entitled to five (5) free Inter-Bank GIRO (IBG) transactions performed via Hong Leong Connect per month, subject to a minimum monthly average balance of RM1000.00.
babysiew
post Feb 1 2016, 10:36 AM

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sorry to say i dont really have much confidence in affin or bsn or rhb... sorry if i offended anyone, just personal preference... biggrin.gif
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