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

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nbi
post Jun 15 2016, 12:26 PM

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QUOTE(bbgoat @ Jun 15 2016, 12:19 PM)
The eGIA-i is just the term when u placed it online. In the MBB system, it will use GIA-i term.  biggrin.gif
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both offer same interest?
nbi
post Jun 20 2016, 06:13 PM

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QUOTE(Human Nature @ Jun 20 2016, 05:59 PM)
Anyone remember when is the BR 4.3% 12m promo ending? Thank you
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still got 4.5% pa promotion at affin taman midah kl
nbi
post Jun 21 2016, 05:47 PM

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QUOTE(TOMEI-R @ Jun 21 2016, 05:26 PM)
Do you have any idea when this promo will end?

4.5 is the best as of now. Fixed rate rather than those step up promos.
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affinbank taman midah 4.5% pa. min 10k. end 31 August 16 or quota limit reached
nbi
post Jun 23 2016, 06:21 PM

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hsbc fixed deposit term
Where the Bank receives an instruction to place a fixed deposit by clearance of a cheque deposited by the customer, the Bank will value date the fixed deposit to the date on which funds are received by the Bank after clearance of the cheque;
...

any other bank here follows?
nbi
post Jul 22 2016, 08:30 AM

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QUOTE(ronnie @ Jul 21 2016, 11:26 PM)
I deposited MBB GIA-i as follows
01-July : Added RM25000
19-July : Uplift the GIA-i
Interest receive is RM48.84.

Trying to find out how to get this figure of  RM48.84.... notice there's a drop from 4% to 3.75% (* Effective from 16 July 2016 to 15 Aug 2016)
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QUOTE(Deal Hunter @ Jul 22 2016, 02:49 AM)
    In your case, you know that the First Effective Date is 1 July 2016.
    16 July 2016 instead of 15 July 2015 can considered the  date of the change!!
    We can look at this as First Maturity Date is also 16 July 2016.

6)  The interest bearing days for the 4% is then 16 days.

7)  The interest bearing days for the 3.75% is 2 days instead of 3 days!!

8)  Interest at 4%      = 16 x 2.73224044 = 43.715647

    Interest at 3.75%  = 2 x 2.56147541  =  5.1229508

    Total = 48.84

9)  You may agree or disagree with the calculation used, or the main points of contention - 5), 6) and 7).
      You can confirm whether the way shown above is valid or not with more examples from readers who are
      interested in how FD interest is actually calculated
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there's an eGIA term stated that "Profit rate: Rate as declared on maturity date".
so, the eGIA interest is 3.75% pa, and it does affect all.





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nbi
post Aug 17 2016, 04:28 PM

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QUOTE(munkeyflo @ Aug 17 2016, 02:50 PM)
Apparently effective yesterday. Just receive news from the bank staffs.

And I went in to check Maybank website: http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts
And it states 3.58% now.
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website update yesterday the rate on 16/8/2016
but stated "Effective from 16 July 2016 to 15 Aug 2016"???



so, it will reduce our interests from 3.75% to 3.58% for that periods as well?

This post has been edited by nbi: Aug 17 2016, 05:02 PM

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