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Fixed Deposit Rates In Malaysia V. No.13, Strictly for FD Discussion Only
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szejz123
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 Jun 3 2016, 07:34 PM
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Getting Started
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QUOTE(roimekoi @ Jun 3 2016, 07:26 PM) want to ask if i got savings acc in pbb. and i want to open a promotional FD in other bank. how do i do that? they dont allow me to open PBB Promo FD because they want fresh fund i think daily fund transfer got limit withdraw cash at the counter then deposit it back into their FD... OR ask for PBB bankers cheque then deposit it into another account in another bank then ask for bankers cheque/issue cheque back into PBB. This post has been edited by szejz123: Jun 3 2016, 07:35 PM |
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szejz123
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Jun 10 2016, 08:33 PM
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Getting Started
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Had a pretty bad experience with Bangkok Bank (KL Branch). To open an account, you will need to wait for a few days for verification and approval. The weird part is that they will even run a CTOS check on you for FD Placement...
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szejz123
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Jun 10 2016, 08:41 PM
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Getting Started
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can confirm that Affin Bank Cheras (the one in Taman Midah) is offering 4.5% 12 months FD. min 10k. Interest is on maturity (not monthly).
You do not need to open savings account but you have to withdraw it with banker's cheque when it matures (according to the teller). If it's savings/current, FD could be deposited into it when it matures.
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szejz123
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Jun 11 2016, 02:41 PM
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Getting Started
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QUOTE(TOMEI-R @ Jun 11 2016, 10:19 AM) Its pretty common that banks will do a credit check on you even for fd placement. Try to check the contents of the forms they ask you to sign when you open an account/ place an fd with them. But seriously, few days just to open an account is a bit too much. yup, took about 4 business days for them to open the account and clear the cheque.  |
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szejz123
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Jun 12 2016, 10:41 AM
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Getting Started
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QUOTE(sandkoh @ Jun 11 2016, 05:38 PM) fd start date not day you went there, start date 4 days later? basically, 13 May (friday) wrote down details and passed the cheque. 19 May (thursday) - they called to collect the FD cert. SMS came saying "Cheque amount debited from account". 20 May (friday) - collected the FD cert, cert stated FD starts on 19 May.  |
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szejz123
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Jun 12 2016, 02:31 PM
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Getting Started
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QUOTE(sandkoh @ Jun 12 2016, 11:22 AM) so "lose" 6 days interest!  that defeat the 4.35% interest. might as well go for those 4.3% fd promo. exactly..  |
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szejz123
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Jun 12 2016, 02:39 PM
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Getting Started
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QUOTE(chicaman @ Jun 12 2016, 02:05 PM) Maybank just changed their eFD Campaign Rate. Effective from 4.31 to 4.27 now. Previously was 4.31 until end June, now it is 4.27. Thinking if should just go for Affin 4.5 Maybank's eFD's interest is deposited monthly. but Affin's interest is given one lump sum to you during maturity. Attached thumbnail(s)
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szejz123
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Jun 12 2016, 03:59 PM
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Getting Started
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QUOTE(chicaman @ Jun 12 2016, 03:54 PM) If given every month, if before Maturity I uplift at Maybank any penalty? of coz there's penalty for Maybank eFD, "New Premature- After 2 months, interest shall be half the campaign rate for the completed number of days until premature withdrawal." u can split your FD to a few certs (5 x 10k certs) for 50k, if u think u might need to withdraw it before maturity.  |
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szejz123
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Jun 13 2016, 12:08 AM
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Getting Started
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QUOTE(chicaman @ Jun 12 2016, 10:12 PM) May I ask, PIDM Protection is important? PIDM insures ur deposit for up to RM250k in each PIDM compliant bank.  |
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szejz123
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Jun 13 2016, 12:09 AM
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Getting Started
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QUOTE(wil-i-am @ Jun 12 2016, 08:44 PM) Still can't beat Maybank 4.27% what if OPR rate change in between the 12 months? |
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szejz123
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Jun 21 2016, 08:25 PM
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Getting Started
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QUOTE(magika @ Jun 21 2016, 07:18 PM) Any brochures on Affin 4.5% fd ? certain branches. i did it in affin cheras Attached thumbnail(s)
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szejz123
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Jun 22 2016, 08:49 AM
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Getting Started
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QUOTE(David3700 @ Jun 21 2016, 11:09 PM) Do you know any branch around Kepong area offering this ? u could look for the branch number through affin website and call them up to ask whether they offer it. Affin Branch Locator |
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szejz123
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Jul 18 2016, 09:05 AM
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Getting Started
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QUOTE(kit2 @ Jul 17 2016, 08:50 PM) how did you get it to show the actual rate? mine has always been showing as "rate as declared on maturity". Oh, i used the quick balance feature on M2U app. |
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szejz123
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Jul 19 2016, 02:32 PM
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Getting Started
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QUOTE(Pinnacle1295 @ Jul 19 2016, 01:49 PM) Hmmmmm ...... ok, I give a simple example below. Say I have $100K cash in HLB S/A available for FD placement. 3 senario for FD placements available at HLB. (1) Transfer $100K to another bank, then buy BC $100K & bring over to HL to enjoy 4.25% pa. (2) Do a FD placement to a max of $95K at 4.25% pa & the balance $5k (which is 5%) retained in SA for 2-months. After 2-months period the $5K available at your disposal. (3) Do a FD placement of $100K BUT at 4.20% pa only becos' it is non-fresh fund. Means 100% in FD but at a lower rate. I opted for the 2nd. method this morning as I need the 5% for my cash flow in 2~3 months time. Just tell the teller to withdraw cash, then ask the teller whether cash counted as fresh fund, if okay, then just deposit it back into FD. The teller won't be able to argue anything then. |
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szejz123
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Jul 19 2016, 09:38 PM
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Getting Started
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QUOTE(TOMEI-R @ Jul 19 2016, 06:07 PM)  I dont think I would want to do that. Too obvious. But then again, if you go to another branch of the same bank then it would be ok. haha, it works most of the time for me. You would definitely see the priceless reaction of the teller.  And then the teller would usually give me the fresh funds rate and would ask me top up some money to make it not so obvious for the bank. And i would normally top up with RM50/100...  |
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szejz123
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Jul 20 2016, 03:12 PM
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Getting Started
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HLB conaught branch, i already had fd account there previously, don't even need to open any islamic account. Teller added new FD straight into the fd account.
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szejz123
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Jul 20 2016, 08:36 PM
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Getting Started
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QUOTE(lw13 @ Jul 20 2016, 06:29 PM) LOL, i went HLB connaught branch too today and monday and different customer service staff to serve me and my partner. both of them required me and my partner to open islamic account before place the FD. me and my partner having hlb normal saving account before this. Oh, I pressed the number for FD and went straight to teller/counter. The teller first asked me whether I have a FD account with the branch, I said Yes. And she proceed to place it. Oh and I even instructed the interest to be deposited to my Mach Account. I do not have any Islamic account with HLB, only savings and Mach current acc. |
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szejz123
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Aug 3 2016, 08:26 AM
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Getting Started
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QUOTE(cherroy @ Aug 3 2016, 08:18 AM) Unless it is transfer to 3rd party name, I see no issue of big sum transfer. As for FD promotion "merry go round", you are transferring into your own account in another bank only. I think he meant overseas transfer (Telegraphic transfer) since he said "remittance" and mentioned on "central bank" This post has been edited by szejz123: Aug 3 2016, 08:27 AM |
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szejz123
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Aug 3 2016, 05:06 PM
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Getting Started
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QUOTE(5p3ak @ Aug 3 2016, 04:53 PM) tell us more about the pain of Bangkok bank account opening Haha they CTOS check me for FD placement  Then, took 3 business days to open the account and place FD. |
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