Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

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

views
     
tbheng
post Jan 7 2016, 02:27 PM

Regular
******
Senior Member
1,188 posts

Joined: Sep 2008
Went to BR planned to uplift my FD and move it to UOB 4.4%...
But was surprise the ABM offer the current promo 4.45% for 2year tenure.
Asked to nego, cannot nego.
So end up stay with BR with monthly interest. Good for not needing to visit another bank. nod.gif

Just to share the promo details (refer the cert I attached below)
Bank: Bank Rakyat
FD rate : 4.45% p.a. monthly interest
FD Tenure : 2 years
Promo validity : 1 Jan - 31 Mar 2016
Min Amount : 50k

I asked for the brochure, ABM said not yet received from HQ. Asked for gift, got 2 towels, umbrella habis.
ABM said there was a FD promo for 12mth last month, now promo for 24mth. Surprise no one heard and reported here.
Took me ~40min to settle everything and collected the certs. Consider fast as compare to last time.



Attached thumbnail(s)
Attached Image Attached Image
tbheng
post Jan 7 2016, 08:23 PM

Regular
******
Senior Member
1,188 posts

Joined: Sep 2008
Actually I was aiming for 4.5% for 2 year... I feel 1 year too fast... a bit tired of running around.
I like HLB 4.5% for 6mth too... I have used their eFD...very convenient and monthly interest too, but 6mth a bit short for me.

Tested BR for the past 4 years and love their monthly interest crediting into SA, very efficient and like clock work. With monthly interest, the effective rate should be higher than 4.45%.
BR only allow nego on board rate, which I din bother to nego with them. As for promo rate, cannot nego.

Avoided MBB 4.5% cause scared of the part "capital not guaranteed"... sweat.gif

I have AmBank FD for their last promo at 4.5% still not matured. Not bad . Was waiting for them to release their CNY FD promo, until today still no news. Can't afford to keep waiting and wasted interest.


QUOTE(Pinnacle1295 @ Jan 7 2016, 02:38 PM)
Still cannot outbid Maybank's 4.5% (12-months period).
*
QUOTE(pearl_white @ Jan 7 2016, 02:42 PM)
APR = 4.355% p.a.  BR is assuming no OPR hikes in 2016/2017.

All financial institution FD promotions are geared to end Q1 2016.  Wait and see stance towards FED policy.
*
QUOTE(bbgoat @ Jan 7 2016, 02:44 PM)
MBB eff rate 4.5% may not be fixed. On the 3rd month, I am getting 3.998% instead of 4%, slightly low but not sure if it will go down further. Capital and interest not guaranteed.

My opinion is HL 6 mths 4.5% is better with mthly interest. Except if interest rate go down, then 6 mths later may lose out to other banks with 4.4% rates.

But hard to say which one the best as need to factor in other variables like convenience, length of FD etc.  biggrin.gif
*
QUOTE(ikanbilis @ Jan 7 2016, 02:48 PM)
4.45% for 2 years FD is not really attractive. Last Nov AMBB also offer 4.6% for 2 years FD with PIDM.

Anyway the towel looks nice... tongue.gif
*
QUOTE(gchowyh @ Jan 7 2016, 04:02 PM)
Good for you. Last week when I applied for the nego rate I got a dark green 2016 diary.
Today when I collected 1 cert, they gave me a face towel & umbrella. Unfortunately they ran out of Parker pen.
*
tbheng
post Jan 8 2016, 07:07 PM

Regular
******
Senior Member
1,188 posts

Joined: Sep 2008
QUOTE(bbgoat @ Jan 8 2016, 05:17 PM)
Went to UOB PB centre (no leng lui RM there  brows.gif ). Need new funds to get the current promo 4.4%. Cannot even top up 10k, 10% or 20% also. The RM said it depends on the HQ instruction. Current promo does not allow that.

Unlike our Captain. Salute to him !  notworthy.gif

Anyway the current 4.4% promo will end 31/1. On Monday the PB centre told me will end by 15/1. Looks like the ending date is dynamic and may change depending on the situation.

So, anyway moved to HL to get the 6 mth 4.5%.  biggrin.gif But too much eggs in HL except this is 6 mths so still OK in a way.  tongue.gif
*
Went to UOB to uplift FD yesterday. Asked can put back for the 4.4%. The sales counter (sitting down one) said cannot. I went to cashier counter also say cannot. I shown captain's post, also cannot.... After nego for awhile he said unless cash out in cash and go next counter.
I said OK. He passed me in cash...I took another number and he waited for another counter to take my number. I took out rm50 and put the rest into new FD 4.4%. smile.gif

This post has been edited by tbheng: Jan 8 2016, 07:09 PM
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
 0.0410sec    0.42    7 queries    GZIP Disabled
Time is now: 1st December 2025 - 08:39 AM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.