Fixed Deposit Rates In Malaysia V. No.12, Strictly for FD Discussion Only
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 Mar 1 2016, 04:55 PM
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#1
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Junior Member
40 posts Joined: Jan 2014 
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It looks to me that banks are lately towards the direction of offering promotion rates for shorter period of 3,6,9 months and some odd period of 4+4,5,10 months.
Is this an implications that interest rates will further reduced by Q3/2016 onwards ? |
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Mar 11 2016, 12:26 PM
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#2
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Junior Member
40 posts Joined: Jan 2014
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QUOTE(bbgoat @ Mar 8 2016, 08:49 AM) Last week 1/3, I called HL, only promo available. So should be extended beyond Feb. Some forummer said till end Apri. Went to BSN to make placement for the FD Promotion Rate @ 4.5%. No basic bank account needed, just open a FD account with interest payable on maturity. I guess I was lucky 'cos the whole process only took me 30 minutes.Yeah, quite likely for OPR to drop in second half. So better lock in a longer period of FD (1 year or more) instead of shorter ones. BR's 4.55% or BSN's 4.5% looks attractive to me.  That is after putting in for RHB's 4.45% last week.  Payment was done by personal cheque, effective date of the FD is 3 days later ie 14/03/2016. Checked this with the bank officer, this is 'cos FD will become effective only after cheque clearance, it this normal for those who has make same placement with BSN ? Btw, was told by the bank officer that today is the last day for promotion rate 4.5%, new promotion rate 4.3% applicable from next week. |
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Mar 14 2016, 05:57 PM
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#3
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Junior Member
40 posts Joined: Jan 2014
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QUOTE(bbgoat @ Mar 14 2016, 05:46 PM) In PBB to uplift FD which matured on last Sat. The counter leng lui asked me to top up 2k to enjoy the new 4.3% (eff rate) promo. Told her did not carry that amount, then go down to 1k. Said no again. Settled at nego RM500 top up ! Looks like different branch of is practicing differently for PBB. I've checked with PBB last week for the same and they insisted that topping up a small sum is not acceptable at all for whatever sum of FD, claiming that their HQ will detect that the source of fund is not fresh. So added cash RM500 to get the FD renewed to current promo rate. As to 2 days interest, asked her about it. Paid cash for the 2 days interest. Not bad. So have to ask PBB if your FD matured over the holidays.  Earlier called BR, starting on Wed, their new FD promo is 4.28% for 12 mths. Still slightly lower than the 4.3% of other banks. But can nego if your amt is high. Plan next week to go for the 2 years 4.55%. Hopefully they are not cancelling it next week ! The trend is banks are cancelling the 4.5% FD promo !! Be it reach their limit or not, hard to say. BSN, even RHB's 4.45%, all gone. Right now BR's 4.55% really attractive.  Wait for me, BR ! |
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Mar 25 2016, 10:42 AM
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#4
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Junior Member
40 posts Joined: Jan 2014
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Affin offering pure 12 months FD @ 4.5%. Promotion period 23/3 - 31/3, but according to the officer, promotion only available at selected branch only.
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Mar 25 2016, 11:22 AM
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#5
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Junior Member
40 posts Joined: Jan 2014
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QUOTE(newbiz2008 @ Mar 25 2016, 10:55 AM) Just call Affin Bank no more 4.5% highest is 4.3% for 13 months with condition 5k in saving acc. As I've mentioned earlier, this promotion is only available at selected branch. I've just made my placement this morning. |
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Mar 25 2016, 04:53 PM
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#6
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Junior Member
40 posts Joined: Jan 2014
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QUOTE(5p3ak @ Mar 25 2016, 11:30 AM) Which branch? Min Funds? Setapak - RM10K Fresh Fund |
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Mar 25 2016, 07:27 PM
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#7
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Junior Member
40 posts Joined: Jan 2014
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QUOTE(wil-i-am @ Mar 25 2016, 06:35 PM) U mean at Wisma Lee Kay Huan? Wisma Lim Kay Huan is Maybank, Affin Bank is further down. |
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