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

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spyew
post Jun 6 2016, 04:48 PM

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QUOTE(gsc @ Jun 6 2016, 04:30 PM)
Am bank is customer friendly on fresh fund requirements . Since True Saver rate drops from 2.8 to 1.8%, transfer my money to the 6 months FD 4.25% promote rate, rm500 ( min rm10k) or 5% of FD to be kept in saving account. i use True saver as it gives 1.8%..

For 6 months i think this is the best rate
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If Ambank allow us to place it with existing fund or just top up a bit, then that is covinient for existing customers.
However, pure "fresh" fund, still prefer Hong Leong 6 month offer, 4.25% hmm.gif
By the way, I calculate ambank offer in stupid way like : (4.25*20+1.8)/21 = 4.133% tongue.gif

This post has been edited by spyew: Jun 6 2016, 04:52 PM
spyew
post Jun 7 2016, 07:16 PM

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QUOTE(gsc @ Jun 7 2016, 06:53 PM)
You are right , the effective rate is 4.13%. for senior citizen, interest is paid monthly.  The plus side is entitle to participate in the car draw competition.

Ambank policy on premature withdrawal, withdraw after 3 months, half the  interest will be given only.
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It is just casual calculation tongue.gif I didn't add in the interest will be credit(Savings account) every month hmm.gif
Anyway, our fund not that large, for the sake of saving hassle of time(Moving fund around:lol: ), parking fee etc., it is still worth & convenient for existing customers like us.
Not to mention, extra lucky draw thumbup.gif

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