Fixed Deposit Rates In Malaysia V. No.13, Strictly for FD Discussion Only
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 Jun 30 2016, 10:52 AM
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#1
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Junior Member
474 posts Joined: Mar 2009 
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hi sifu, so 1 of the FD (joint name with mom) is going to mature in the next 2 week. never really pay attention to the rate until i stumbled to this wonderful thread about the needs of getting good rate
 thanks guysmy question is if we want to withdraw the matured FD, what's the process like? and does it has to be done on certain date or before the mature date in order to avoid penalty? and do we usually withdraw it in bank draft form or ? |
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Jul 11 2016, 11:13 PM
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#2
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Junior Member
474 posts Joined: Mar 2009
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went to Affin at Butterworth, Penang (Tmn. Selat) branch for the 4.5% promo.
brought bankers cheque that i withdraw from CIMB, done in 30mins as i have no a/c with them so some papers to fill in and key in their system. according to the banker, promo end 31st Aug or when fund reach limit. |
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Jul 13 2016, 03:50 PM
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#3
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Junior Member
474 posts Joined: Mar 2009
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quick question, does the PIDM protection thing works base on bank or on certain FD program?
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Jul 13 2016, 04:45 PM
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#4
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Junior Member
474 posts Joined: Mar 2009
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hi sifu, for MBB General Investment Account-i (GIA-i), there is a PSR.
1. does that means if I place RM100 and interest is RM4(4%), and the PSR is 70/30, meaning RM2.8 goes to me, and RM1.2 goes to bank? 2. also these GIA-i is available from RM5K (1month), RM1K (>2months), does that means if I have RM10K in MBB saving, i should always throw them into this and at least put 1month tenure? |
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Jul 13 2016, 05:07 PM
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#5
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Junior Member
474 posts Joined: Mar 2009
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QUOTE(wil-i-am @ Jul 13 2016, 04:58 PM) Ignore PSR n choose your desired duration enlighten me please, ignore means the interest paid does not calculate in that sharing basis? currently the MBB (GIA-i) offere 4% for 1-6months. |
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Jul 13 2016, 11:11 PM
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#6
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Junior Member
474 posts Joined: Mar 2009
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QUOTE(bbgoat @ Jul 13 2016, 07:57 PM) Not all banks are PIDM protected, BSN and BR. so even if a bank is ahli PIDM, some of the FD package offered is not protected by PIDM right?PIDM 250k protection per depositor per member bank. http://www.pidm.gov.my/downloads/2011/HandbookDI_2011.pdf for example MBB General Investment Account-i (GIA-i) there is this clause stated - "* Not covered by PIDM. Principal is not guaranteed" |
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Aug 1 2016, 01:52 PM
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#7
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Junior Member
474 posts Joined: Mar 2009
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QUOTE(cybpsych @ Aug 1 2016, 12:04 PM)  *Should there be any Overnight Policy Rate (OPR) change, the offer rates may be revised. Terms and Conditions apply if we put 6months, what's the % do we really get ? |
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Aug 3 2016, 02:42 PM
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#8
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Junior Member
474 posts Joined: Mar 2009
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what's the best way to withdraw cash (say 50K) from saving account for new FD placement?
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Aug 9 2016, 01:50 PM
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#9
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Junior Member
474 posts Joined: Mar 2009
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if i already have a join name FD with affin, do i still get the fresh fund for my sole name?
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Aug 11 2016, 03:35 PM
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#10
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Junior Member
474 posts Joined: Mar 2009
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for 30k, do you think i should go for current best Affin 15mths (4.05%), Bangkok 12mths (4.1%) or wait a bit for the merdeka promo if there is any.
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Aug 19 2016, 01:45 PM
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#11
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Junior Member
474 posts Joined: Mar 2009
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QUOTE(bbgoat @ Aug 19 2016, 01:40 PM) Went to Affin branch in Bayan Baru. All done within 8 minutes ! Nice ! for new customer, need to open SA right? Put in for 15 mth 4.05%, pure FD. On maturity, all go to SA. So on maturity, I can xfer the fund to anywhere there is FD or for other uses. No need to go to the branch. Asked about the 4.15% promo, need to apply debit card. Take 3 weeks to get it. Cannot get the promo rate until the debit card approved in the system !  Something wrong there. Anyway did not inquire further as do not want to get into hassle of cancelling the debit card later. Debit card first year free and second year RM20.  and sorry for noob question, upon maturity, xfer fund means online xfer or bankcheque or.. ? thanks |
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