Deleted

Sorry, wrong thread.

This post has been edited by bbgoat: Aug 10 2016, 01:09 PM

Today terminated 6 of MBB GIA-i acct and moved out the eggs. The GIA-i paid interest 3.75% other than those earlier than July 15th (or so, not exactly sure of the date), getting 4%. The MBB GIA-i is really good for temporary funds, received RM300 from this one in <1 month.

Used RENTAS. MBB must have the most expensive RENTAS now as it cost me RM9.54. Most banks is about RM5.30.
Anyway received in CB just minutes later ! When I step out from MBB received SMS notification from CB that funds deposited into my account ! FAST !

Not sure that is an "investment". Not really hoping for returns ......................................

Actually now the rate still not that bad yet. If there is another OPR drop later in the year, then the FD promo rate will be even lower.

Those were the days of really low FD rates when OPR at 2% region !!

I lost my faith in bond fund (last time convinced by RM). Though believe some may outperform. PM me please.

This post has been edited by bbgoat: Aug 13 2016, 05:42 PM

So steep reduction within 1 mth or so. Luckily I have moved out all GIA-i funds.

Move them to where kangaroo's are ......................

This post has been edited by bbgoat: Aug 17 2016, 04:48 PM

As some of u may know, I have trouble with my MBB GIA-i interest crediting. They are now manually crediting the "extra" interest to my account without me chasing them every month. That is GOOD !

So for the 4.5% of the 10th month, they have credited the extra interest. This made up to total of 4.5%. Though I received the about 3.8% on 5th Aug. Then now the coming Sept will receive 3.58%. But with adjustment hopefully still get back to 6% for last 2 months.

Add: This is the only one I left which is of 12 mth tenure, eff 4.5% interest.

This post has been edited by bbgoat: Aug 17 2016, 06:15 PM

2 more months to go for me for the MBB GIA-i. Last 2 mths 6% pa interest.

Add: I think u meant if I moved out the eff 4.5% one. No, I moved out only the 4%, 3.75% one. Leaving only the eff 4.5% one.

This post has been edited by bbgoat: Aug 17 2016, 06:15 PM

But have to buy investment products, take loan, HP etc.

This post has been edited by bbgoat: Aug 17 2016, 10:39 PM

UT for u ? Cannot feed kangaroo lo .... Difficulty to manage it unless u want to leave it on auto run.

Luckily I made used of it for my temporary fund and got the benefits of 4% and 3.75% interest. Only left one 12 mth one.

Just some small talk between some of us here who also participated in other forums.

10k

BR no promo for now, just board rates.

Called HL, for the 3.95% FD, on maturity cannot terminate to SA, will auto renew.

Called Affin, for the 4.05% FD promo, on maturity, can opt to all go to SA. So decided to go to Affin. Save one trip to the bank on maturity.

This post has been edited by bbgoat: Aug 19 2016, 10:52 AM

No, 4.05% pure FD. Only 4.15/4.25% has other requirements like debit card/ UT etc. Going there now.

The issue I faced is for the Oct 2015 MBB GIA-i 12 mth promo with eff rate of 4.5% (step-up type).

It is better not to mix it up with current promo of FIXED rate (though it has been changed twice within 1 month) !

Went to Affin branch in Bayan Baru. All done within 8 minutes ! Nice !

Put in for 15 mth 4.05%, pure FD. On maturity, all go to SA. So on maturity, I can xfer the fund to anywhere there is FD or for other uses. No need to go to the branch.

Asked about the 4.15% promo, need to apply debit card. Take 3 weeks to get it. Cannot get the promo rate until the debit card approved in the system ! Something wrong there. Anyway did not inquire further as do not want to get into hassle of cancelling the debit card later. Debit card first year free and second year RM20.

I already have SA, so not sure if this promo need SA for new customer.

Xfer fund means online xfer. Affin limit is 50k per day.

The FD placement amt did not exceed the 50k per day xfer limit of Affin.

This post has been edited by bbgoat: Aug 19 2016, 09:04 PM