be careful what you wish for. while i like the idea of higher FD rate, overall economy?
if official inflation is "4.5%" then same same...
Fixed Deposit Rates In Malaysia V. No.13, Strictly for FD Discussion Only
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 Jun 2 2016, 02:17 PM
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#1
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Jun 10 2016, 12:25 AM
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#2
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1) went to rhb today. Was told by the staff there their step up 1y fd, eff 4.25% is closed.
2) for maybank step up fd, even if opr reduces, at most would be, the campaign rates reduced by the same amount that opr reduces, right? |
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Jun 10 2016, 09:16 AM
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#3
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QUOTE(sandkoh @ Jun 10 2016, 08:52 AM) dont think there is 1-1 corresponding relation between opr and fd promo rate lei. My point is, if OPR reduces by 0.25%, my campaign rates cannot reduce by 1%. There’s distortion then. The last time OPR increased, it was by 0.25%, savings rate went up by 0.15%.  I don’t know what’s the relationship between OPR and normal savings rate, that’s why I’m asking. |
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Jun 16 2016, 09:03 PM
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#4
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Went to rhb to uplift my previous step up fd from a year ago. Placed additional 25% of my principal to go for current step up promo at 4.25% p.a. effective.
According to rhb staff, this promo 'reopened'. |
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Jun 17 2016, 12:28 AM
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#5
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QUOTE(wil-i-am @ Jun 16 2016, 09:57 PM) Additional 25% is a T&C? No... I just happened to have additional funds... I rmb uncle goat mentioned topping up courtesy amount to get promo rates at rhb. So i told the branch staff i top up that amount, she ask her manager, ok. But I don't know if i could have done it like uncle goat @rm100. |
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Jun 17 2016, 09:17 AM
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#6
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QUOTE(bbgoat @ Jun 17 2016, 08:14 AM) The counter staff normal would ask for the 25% (around that number, depending on banks) for matured FD for current FD promo. So one time in RHB I top up RM300 (counter staff asked for >RM500). Then in Feb, I met one officer there whom I already know and she asked me to top up RM100. But as a "courtesy" I top up RM200. Hahaha. I see, but i did have the funds, don't mind. LOL.Anyway u could get the FD promo also if u said you only have RM100. If not u have to withdraw the FD !  In PBB, I was asked to top up something like RM2000 (cannot remember exact amt now), then reduced to RM800, then finally settled at RM500 !  As my wallet only left RM500 at that time ! Power of nego !  Btw, i think this is the first time i heard of PBB nego works... does that have anything to do with the size of FD? would like to get my mother to do it using the normal PBB FD. |
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Jul 15 2016, 08:26 AM
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#7
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QUOTE(ewingcher @ Jul 14 2016, 06:46 PM) Placed a 12 MONTHS STEP-UP FD with RHB (Cycle 1: 1-3 month @ 4.00%; Cycle 2: 4-6 month @ 4.15%; Cycle 3: 7-9 month @ 4.25%; Cycle 4: 10-12 month @ 4.60%) with an effective rate of 4.25% p.a. last month. The maturity date printed on the slip, however, was 3 months instead of 12 months from the date of deposit. Will the promotional rate be affected by this OPR cut? Nope. Not sure about other bank but opr changes was not part of rhb's t&c |
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