Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 Fixed Deposit Rates In Malaysia V. No.13, Strictly for FD Discussion Only

views
     
babienn
post Jul 9 2016, 11:30 AM

On my way
****
Junior Member
510 posts

Joined: Nov 2011
QUOTE(nexona88 @ Jul 9 2016, 09:57 AM)
Wow bnm is expected to lower the rate..
So guys faster go 'Lock' your FD...
*
But correct me if I'm wrong, this only applies to board rate FD.

For promo rate usually bank will impose a rule where whenever the OPR changes, bank reserves the right to change your promo FD rate despite already locked in.
babienn
post Jul 9 2016, 12:57 PM

On my way
****
Junior Member
510 posts

Joined: Nov 2011
QUOTE(nexona88 @ Jul 9 2016, 11:54 AM)
Once rate printed on FD certificate, banks needed to honor the rate.. Rate change only when u want to deposit after opr change...
*
QUOTE(wil-i-am @ Jul 9 2016, 11:58 AM)
Once u have lock-in rates based on board/promo rate, the rates will stay until it mature
*
I see. Thanks for the head up. smile.gif
babienn
post Jul 11 2016, 03:06 PM

On my way
****
Junior Member
510 posts

Joined: Nov 2011
QUOTE(heybai @ Jul 11 2016, 02:50 PM)
Went to affin bank setapak jln genting klang, staff told me I need electric / water bill to get promo 4.5% FD because my address in IC is not in KL but johor. erm...why so weird one need to check from which state...
*
Last time I opened CASA account at MBB PJ (which is 25km away from my home) also they're asking me this. They strongly advised me to go back to my hometown branch to open instead of the PJ one. Their reason is because next time if I want to withdraw >25K I can only do it at the branch where I opened my account.
In the end I did successfully open the account, but then they also asked me to write and sign a statement that I'm fully aware and I insist to open at their branch.

I guess your case is because 1 year later when you want to withdraw your FD you need to come back to the same branch, so will be troublesome for you and them.
babienn
post Jul 13 2016, 01:44 PM

On my way
****
Junior Member
510 posts

Joined: Nov 2011
Affin 4.5% promo, reported by relatives, confirm Jalan Genting Klang branch still have as of 13th July. According to the staff there, still open until quota hit or end of August.

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0778sec    0.21    7 queries    GZIP Disabled
Time is now: 2nd December 2025 - 09:59 PM