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

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bbgoat
post Dec 28 2015, 05:47 PM

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QUOTE(cherroy @ Dec 28 2015, 03:20 PM)
It depends on the maturity date of the FD.

1) Some banks fix the maturity date, disregard it is non-working day or not.
2) Some banks will adjust the maturity date according to the working day.

For 2), the interest is counted based on the day completed, so extra day interest is counted.

For 1) if the FD is matured on 1 Jan, the interest will be counted until 1 Jan, then the FD is deemed rolled over or auto-renew on 1 Jan. So by 4 Jan, you have 3 days interest, that whether bank is paying for it, this I cannot answer already.
As for my experience, I did ask for the extra days of interest before, due to sudden holiday before (the FD matured on a date was announced as sudden holiday), the teller asked the officer, the officer give nod on it to give the extra 2 days interest.
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I have 2 FD that matured in RHB that fell on Sat. But as the manager just said cannot give the extra days of interest on Monday, I just let it go. This time as it was over 3 days of holiday and bigger amount, fueled/encouraged by one forummer (one lady I think tongue.gif ), I asked the manager again.

So lets see on next Monday for me to get the 3 days interest. Around RM100 (depends on the rate they are giving me as it was a step-up rate, last one 5.38%) ! rclxms.gif

This post has been edited by bbgoat: Dec 28 2015, 05:50 PM
??!!
post Dec 28 2015, 08:16 PM

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QUOTE(bbgoat @ Dec 28 2015, 05:47 PM)
I have 2 FD that matured in RHB that fell on Sat. But as the manager just said cannot give the extra days of interest on Monday, I just let it go. This time as it was over 3 days of holiday and bigger amount, fueled/encouraged by one forummer (one lady I think  tongue.gif ), I asked the manager again.

So lets see on next Monday for me to get the 3 days interest. Around RM100 (depends on the rate they are giving me as it was a step-up rate, last one 5.38%) !  rclxms.gif
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aiyo...gibe maths question. .. curious curious mesti work out . dapat jawapan 226k +-. smile.gif

The last time I din give up and they gave me the interest . But kenot remember if it was RHB or another bank, the rate they use is the board rate and not the promo rate of the FD in question . But like you said, enuf for nice dinner with loukong.
bbgoat
post Dec 28 2015, 08:23 PM

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QUOTE(??!! @ Dec 28 2015, 08:16 PM)
aiyo...gibe maths question. .. curious curious mesti work out . dapat jawapan 226k +-.  smile.gif

The last time I din give up and they gave me the interest . But kenot remember if it was RHB or another bank, the rate they use is the board rate and not the promo rate of the FD in question . But like you said, enuf for nice dinner with loukong.
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Hahaha the "nice" lady emerges .................. notworthy.gif thumbup.gif

Thanks for the no die attitude. Unfortunately cannot donate for your dinner with your hubby ! Amt wise still some gap there. I did not use 5.38% to calculate as do not expect them to give the 3 days interest based on that rate. Sure will be happy if they did and the amt will be higher. biggrin.gif

Must say your math is not bad except I did not use 5.38% for calculation ! thumbup.gif

This post has been edited by bbgoat: Dec 28 2015, 08:26 PM
TANjb
post Dec 28 2015, 09:50 PM

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QUOTE(Ramjade @ Dec 28 2015, 12:47 PM)
Ambank said new promo coming in January. CNY coming soon. So Affin will have their regular CNY promo.
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rclxms.gif I have a FD with Ambank which will matured in the month of Jan 2016, hope to retain the FD with Ambank.
Ramjade
post Dec 28 2015, 09:53 PM

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QUOTE(TANjb @ Dec 28 2015, 09:50 PM)
rclxms.gif I have a FD with Ambank which will matured in the month of Jan 2016, hope to retain the FD with Ambank.
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Most banks will never let you placed an existing funds at promo rates. You will have to move your money around if you want their promo rates.
wu ming
post Dec 28 2015, 10:04 PM

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QUOTE(Ramjade @ Dec 22 2015, 04:27 PM)
CIMB Clicks eFD 4.3% 12 months. Minimum RM10k
https://www.cimbclicks.com.my/eFD.html
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Just placed this today. Okaylah. Lazy to go out.

Be sure to follow the link and do not click on other options while on clicks, if not you will not get the promotion rates.
Human Nature
post Dec 28 2015, 10:04 PM

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Just got to try your luck and ask. I managed to do so with CIMB and Ambank but already know the staffs for years.
wil-i-am
post Dec 28 2015, 10:11 PM

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QUOTE(Plutoman @ Dec 28 2015, 03:18 PM)
FYI, GIA 4.5% promo from Maybank no more already, was told by Maybank staff that this promo already reached its quota last week. Was planning to make placement this morning.
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Sad to hear u miss d boat
Anyway, another boat is on d way brows.gif
harmonics3
post Dec 28 2015, 10:27 PM

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QUOTE(cfc @ Dec 28 2015, 03:19 PM)
from the TnC:

For the avoidance of doubt, the FD Placement Amount for the purpose of this Campaign shall be of New Funds only. “New Funds” is defined as:
Cash, interbank GIRO, new funds received via telegraphic transfer from other banks, local cheque or banker’s cheque issued by other banks and deposited into the new or existing Mach FD accounts of the Eligible Customers maintained under their sole names;

call to Queensbaybranch , was told that only can use cheque  shakehead.gif
apa la
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Only today I see the FD placed on 22-Dec appearing under the same MACH FD account... good thing is my cheque is still not cleared yet until today thumbup.gif
Kelv
post Dec 29 2015, 12:51 AM

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QUOTE(wu ming @ Dec 28 2015, 10:04 PM)
Just placed this today. Okaylah. Lazy to go out.

Be sure to follow the link and do not click on other options while on clicks, if not you will not get the promotion rates.
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Where is the banner? Right after login?
Plutoman
post Dec 29 2015, 09:53 AM

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QUOTE(wil-i-am @ Dec 28 2015, 10:11 PM)
Sad to hear u miss d boat
Anyway, another boat is on d way  brows.gif
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Hope the rate will continue to go up and up!!!
tonytyk
post Dec 29 2015, 10:05 AM

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QUOTE(wu ming @ Dec 28 2015, 10:04 PM)
Just placed this today. Okaylah. Lazy to go out.

Be sure to follow the link and do not click on other options while on clicks, if not you will not get the promotion rates.
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So CIMB eFD currently offers the best eFD rate amongst all the banks?
SUSlowya
post Dec 29 2015, 10:58 AM

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QUOTE(bbgoat @ Dec 28 2015, 11:39 AM)
Called up RHB Bank. Have one 6 figure FD due on Friday 1/1. If withdraw on 4/1, will lose 3 days interest. After some talking, agreed to pay me the 3 days interest if I withdraw on the Monday.  rclxms.gif

Last time the manager just said cannot pay the weekend interest. After I read one "nice" forummer's post, talked to RHB manager again. Initially still asking me to continue to their step-up 4.4% FD, but later still agreed to pay me the 3 days interest even if I withdraw.  biggrin.gif
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already banned RBH in my list, service lousy, branch manager empty vessel, ask question they tell you to call their hotline, damn slow processing. nothing good about them.
Ramjade
post Dec 29 2015, 11:11 AM

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QUOTE(tonytyk @ Dec 29 2015, 10:05 AM)
So CIMB eFD currently offers the best eFD rate amongst all the banks?
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Guess so.
wil-i-am
post Dec 29 2015, 11:12 AM

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QUOTE(Plutoman @ Dec 29 2015, 09:53 AM)
Hope the rate will continue to go up and up!!!
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My wish but I dun think it will happen
bbgoat
post Dec 29 2015, 11:13 AM

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QUOTE(lowya @ Dec 29 2015, 10:58 AM)
already banned RBH in my list, service lousy, branch manager empty vessel, ask question they tell you to call their hotline, damn slow processing. nothing good about them.
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I have good relationship with the RHB BM. It depends on the branch and its interaction with the customers. Sometimes RHB has good promotion like the step-up ones last year. But this year their promo not that good. biggrin.gif
wil-i-am
post Dec 29 2015, 11:18 AM

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QUOTE(tonytyk @ Dec 29 2015, 10:05 AM)
So CIMB eFD currently offers the best eFD rate amongst all the banks?
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Yup nod.gif
Kelv
post Dec 29 2015, 11:37 AM

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How to find the CIMB eFD promo banner?

Edit: OK, got it. Actually have to login from this page: https://www.cimbclicks.com.my/eFD.html

This post has been edited by Kelv: Dec 29 2015, 11:41 AM
ftan
post Dec 29 2015, 12:18 PM

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Just placed with hlb today. biggrin.gif

Mbb 1 month 3.6% min 25k. Ending 31/12/15. I only their ad pasted on mbb glass wall today.
??!!
post Dec 29 2015, 01:58 PM

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QUOTE(Ramjade @ Dec 28 2015, 09:53 PM)
Most banks will never let you placed an existing funds at promo rates. You will have to move your money around if you want their promo rates.
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They do sometimes when u tell them u r shifting the fund somewhere else due to the rates. Did it with CIMB recently.


QUOTE(tonytyk @ Dec 29 2015, 10:05 AM)
So CIMB eFD currently offers the best eFD rate amongst all the banks?
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Alliance bank 6 months 4.25% , 9 months 4.35%

QUOTE(lowya @ Dec 29 2015, 10:58 AM)
already banned RBH in my list, service lousy, branch manager empty vessel, ask question they tell you to call their hotline, damn slow processing. nothing good about them.
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Me too didn't place any FD with RHB after the last round. Don't like that I have to go reason with the bank to pay me for the days I can't withdraw my FD due to bank closure. While I can't change their policy, as a consumer, I have other choices.

On a side note, the RHB branch I go to has got staff with impeccable service level, manning the ASN counter thumbup.gif

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