Outline ·
[ Standard ] ·
Linear+
Fixed Deposit Rates In Malaysia V. No.12, Strictly for FD Discussion Only
|
Human Nature
|
 May 5 2016, 12:27 PM
|
|
Just returned from BR. The promo rate is revised to 4.3% for 12m, 25k min remains, 31 May 2016 Asked for free gift and received a cheapo plastic water tumbler for 100k placement, my branch really lousy. Confirmed that nego rate is on top of board rate, not promo rate. Teller also said that renewal of matured FD cannot get the new promo rate even after top up. If I get them to issue banker's cheque, how long it takes for UOB to clear the BC and have the fund in my CASA? Possible within few hours? Since I don't have online banking with BR, I am unable to check the total FD with and miscalculated the amount for Rakyat Xclusive by 4k+  |
|
|
|
|
|
Human Nature
|
May 5 2016, 08:24 PM
|
|
|
QUOTE(bbgoat @ May 5 2016, 08:15 PM) So a spread of the eggs are fine with me. Depends on individual.  The BR rate has been mentioned by me before end of Apr. Nego rate is on top of board rate, that is their official reply. But I think you should talk to the ABM or BM level. I got not just promo rate but special rate for renewal FD, even took out few k from there (for CNY). I have posted here on this before. The recent 4.5% that I got was for new funds, with gold coins, Cross pens and golf umbrella (posted pictures here). It is good to get online banking, very convenient and can monitor the monthly interest. I will be going there again in 2 weeks for renewal. Will try to speak to ABM or BM level to see if can renew at promo rate or not. Worse come to worse, if cannot, will just move to UOB since the rate is the same. ------ my luggage bag for OCBC FD Mr. Coach promo will be delivered to me next week |
|
|
|
|
|
Human Nature
|
May 7 2016, 12:39 PM
|
|
|
QUOTE(bbgoat @ May 7 2016, 12:24 PM) Not all lost in FD !  I checked my FD Excel file. Below all 1 year rate. Up till 1/10/2015, AmBank offer 4.2%. Then Nov 1 2015 CIMB 4.3%/4.35% (ask for higher rate), then OCBC 5/11 4.5%. So the battle for 4.5% for major banks started Nov 2015 (though SCB started it in Q1 2015 but no other banks follow suit). So the current 4.3% by few banks (discounting Bangkok Bank) is still not bad. True indeed, my excel file also shows the same. Most FDs maturing this year (1 year placement for 2015) range from 4.1-4.2 with the exception of SCB 4.5, OCBC 4.5 and CIMB 4.3 as what you posted. I am still happy with 4.3 for 12m though the trend now looks like more promo for shorter than 12m terms. This post has been edited by Human Nature: May 7 2016, 12:40 PM |
|
|
|
|
|
Human Nature
|
May 7 2016, 04:01 PM
|
|
|
QUOTE(NightFelix @ May 7 2016, 03:58 PM) Yeah, I did read after I posted. So with certain promo, minimum would be RM10k, so usually how does FD works? I mean I need to put RM10k per months or RM10k once but it locked it for 6months?  For normal FD promo, you place the amount in one lump sum once and lock it according to the period. No adding up. If you have extra fund later on, make a new placement subject to the rate and min amount requirement. This post has been edited by Human Nature: May 7 2016, 04:03 PM |
|
|
|
|
|
Human Nature
|
May 7 2016, 04:13 PM
|
|
|
QUOTE(NightFelix @ May 7 2016, 04:11 PM) I see, so I just sticked to the T&C maybe like 6months/9months/12months? Yes, depending on how long you want to lock it in. |
|
|
|
|
|
Human Nature
|
May 15 2016, 11:31 AM
|
|
|
what about banker's cheque to CASA? How long it takes for the amount to appear in CASA?
|
|
|
|
|
|
Human Nature
|
May 15 2016, 12:59 PM
|
|
|
QUOTE(bbgoat @ May 15 2016, 12:43 PM) Just my experience. If deposit day 1, end of day 2 amt may show in online acct. Then only on 3rd day can use it for FD or other purpose. Essentially about 2 days later can use the fund. Same for banker's or personal cheque. Others experience ? Oh okay, so still not 1 day..never mind then, thought of circumventing the fresh fund req. thanks add: any experience doing rentas from BR? how fast it takes for the fund to reach destination bank? This post has been edited by Human Nature: May 15 2016, 01:01 PM |
|
|
|
|
|
Human Nature
|
May 15 2016, 01:10 PM
|
|
|
QUOTE(bbgoat @ May 15 2016, 01:03 PM) I don't think 1 day can see it in the acct. Even early morning bank in. Same bank branch cheque maybe, not sure. But if use for online placement, on second day, since acct showed up, can place for eFD. Best is still OTC RENTAS or ibg early in the morning. Online IBFT or ibg early in the morning. Cheque are always slow. Ok thanks. Just in case BR not willing to renew at promo rate even after speaking to ABM, this is one of the alternative. Rentas from BR to UOB in the morning. And when it appears (hopefully by afternoon), do BC from UOB to BR back. This is for enrolling to Xclusive Rakyat. Else, just do BC from BR and make placement at UOB for the same rate. |
|
|
|
|
|
Human Nature
|
May 15 2016, 01:14 PM
|
|
|
QUOTE(bbgoat @ May 15 2016, 01:12 PM) I think there is high chances that they will allow u to get the promo rate. If not top up a little will do. I even get better than the promo rate for matured FD (If not will be pulling out to other banks). Finger cross. Will top up 3k+ ngam ngam for the min requirement |
|
|
|
|
|
Human Nature
|
May 17 2016, 08:16 PM
|
|
|
QUOTE(kisa @ May 17 2016, 04:41 PM) any current FD promo that don't need to open CASA? the first page never really specify. from what I read - MB, PB require CASA. other banks? UOB 12m, 4.3% no need CASA |
|
|
|
|
|
Human Nature
|
May 17 2016, 10:18 PM
|
|
|
QUOTE(bbgoat @ May 17 2016, 10:16 PM) Did u try BR for the Xclusive Club like what u said 2 days ago ? not yet, still waiting for my FD to mature in few days time will report back |
|
|
|
|
|
Human Nature
|
May 20 2016, 04:15 PM
|
|
|
Done my business with BR yesterday. Called up Rakyat Xclusive (RX) and was informed that they will courier the member card and welcome gift to me. Forgot to ask what is the gift, so I assume it is the mug.
Coincidentally, there was an aunty at the RX lane yesterday who received a black mid-sized paperbag bearing RX logo from the counter. I wonder whether that is the welcome gift too or something else.
|
|
|
|
|
|
Human Nature
|
May 20 2016, 05:36 PM
|
|
|
QUOTE(bbgoat @ May 20 2016, 05:19 PM) They used a pretty nice looking paper bag for gifts bearing the RX logo. But hard to know what is inside. Like my 3 gold coins and towel were inside that bag. 3 golf umbrella cannot fit inside there. Spoke to ABM but said cannot renew directly. Luckily I already brought a BC with some amount to up and get the promo rate |
|
|
|
|
|
Human Nature
|
May 21 2016, 10:13 AM
|
|
|
QUOTE(bbgoat @ May 21 2016, 08:58 AM) So u just get the promo which is 12 mth 4.3%. Someone was quoting nego rate of BR with no details. U did not talk to BR about nego rate ? Yup got the 4.3 promo rate. Was eyeing the promo rate only as I already know promo is on top of the board 4.1 rate. Hard to jump 0.2 point for my fund amount. ABM did offer the nego rate to me initially but only 4.15. |
|
|
|
|
|
Human Nature
|
May 21 2016, 10:37 AM
|
|
|
QUOTE(bbgoat @ May 21 2016, 10:18 AM) Officially no nego for promo rate. So if nego, they will say based on board rate. That is why they say, nego, then 4.1 board rate to 4.15%. Want it ? Hahaha. Correct. Furthermore my leverage is not high, so promo rate is definitely better and saved me from hassle. Next will be moving my last SCB FD in June. Hopefully UOB or OCBC has a better new rate then. |
|
|
|
|
Quote
0.0525sec
0.42
7 queries
GZIP Disabled