Fixed Deposit Rates In Malaysia V. No.14, Strictly for FD Discussion Only
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 Oct 12 2016, 05:38 PM
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Senior Member
2,337 posts Joined: Oct 2014  
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QUOTE(mhisyam6 @ Oct 12 2016, 04:47 PM) "why we are still need FD even though we have ASB/Unit Trust option with better ROI?" 1. Not everyone won the genetic lottery to be entitled for ASB subscription 2. ASM, AS1M, ASW2020 subscription for non bumi are hard to get. 3. Other unit trusts, are subjected to volatility, you may loose your money during tough time. 4. FD is the only one has the following traits: safe, easy to apply, acceptable return |
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Oct 12 2016, 05:40 PM
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Senior Member
817 posts Joined: Mar 2014
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QUOTE(mhisyam6 @ Oct 12 2016, 04:47 PM) Can someone explains to me, "why we are still need FD even though we have ASB/Unit Trust option with better ROI?" cannot compare. just like buy share and buy ut, which one better roi? ut not guaranteed.QUOTE(wodenus @ Oct 12 2016, 05:35 PM) No I don't know the rule, where's it stated? have to find it. but it is well known in this forum. have been mentioned few times here. can someone help? ts?even moderator also have talked about it. This post has been edited by sandkoh: Oct 12 2016, 05:43 PM |
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Oct 12 2016, 05:47 PM
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Junior Member
145 posts Joined: Dec 2013
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QUOTE(dreign @ Oct 12 2016, 10:58 AM) Just to share my case here, so might not apply to your case cos I am not sure. Thank for the sharing. I asked my friend working with Maybank, he said policy changed, now cannot withdraw from other branch. Look like gonna lose few days of interest I have eFD with MBB before this. To capture a promo FD I was needed to do a placement over the counter. I remember the teller said "when the maturity date you can take this cert to withdraw at any branch". At this point I did not know that this branch will move out/close/restructure next year.  |
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Oct 12 2016, 05:54 PM
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Junior Member
444 posts Joined: Jan 2012
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QUOTE(cklimm @ Oct 12 2016, 05:38 PM) 1. Not everyone won the genetic lottery to be entitled for ASB subscription oic. now i have the clear picture on this. Thank you.2. ASM, AS1M, ASW2020 subscription for non bumi are hard to get. 3. Other unit trusts, are subjected to volatility, you may loose your money during tough time. 4. FD is the only one has the following traits: safe, easy to apply, acceptable return |
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Oct 12 2016, 05:55 PM
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Junior Member
278 posts Joined: Mar 2009
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wodenus In future please use multi-quote for 2 or more posts at one go, to avoid from being considered spamming.
Please read this Forum's FAQ and adhere to it --> https://forum.lowyat.net/index.php?act=faq&article=10 Thanks. This post has been edited by Ah SiAnG: Oct 12 2016, 05:55 PM |
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Oct 12 2016, 06:03 PM
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#1026
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Junior Member
28 posts Joined: Jun 2005 From: MY,SG,HK 
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QUOTE(sandkoh @ Oct 12 2016, 02:24 PM) cimb promo rate lower for longer term. did they say 12 month something like 4.05%?  Yes. They said if 12 mths can get slightly higher than 4.0%, will need to get approval though. My approval gotten within ~10-15mins. (3 mths) |
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Oct 12 2016, 06:37 PM
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#1027
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(cklimm @ Oct 12 2016, 05:38 PM) 1. Not everyone won the genetic lottery to be entitled for ASB subscription Plus ASM/AS1M/ASW is not capital guarantee2. ASM, AS1M, ASW2020 subscription for non bumi are hard to get. 3. Other unit trusts, are subjected to volatility, you may loose your money during tough time. 4. FD is the only one has the following traits: safe, easy to apply, acceptable return |
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Oct 12 2016, 06:37 PM
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Junior Member
6 posts Joined: Jul 2016
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QUOTE(kinwawa @ Oct 12 2016, 11:12 AM) got new 1-year step up FD with effective rate of 3.8% for PBBANK meh? Yes! i just knew today  |
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Oct 12 2016, 08:30 PM
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Senior Member
2,337 posts Joined: Oct 2014
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QUOTE(wil-i-am @ Oct 12 2016, 06:37 PM) Plus ASM/AS1M/ASW is not capital guarantee I never seen their price move at all though |
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Oct 12 2016, 08:34 PM
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Senior Member
6,614 posts Joined: Mar 2011
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Hot from the press, Affin new promo. Received from Affin hrs ago:
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Oct 12 2016, 09:43 PM
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Senior Member
2,337 posts Joined: Oct 2014
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QUOTE(bbgoat @ Oct 12 2016, 08:34 PM) Hot from the press, Affin new promo. Received from Affin hrs ago: We are not amused.
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Oct 12 2016, 09:43 PM
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Senior Member
1,166 posts Joined: Jul 2016
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QUOTE(cklimm @ Oct 12 2016, 08:30 PM) I never seen their price move at all though That is because they are fixed price fund, so their price will always fixed at rm1.What will vary is their dividend, which may be higher or lower from year to year. And similar to other unit trust, their capital and return are not guaranteed or safe in the event the institution collapse unlike FD product which has PIDM protection assurance  |
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Oct 12 2016, 10:27 PM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(cklimm @ Oct 12 2016, 08:30 PM) I never seen their price move at all though Oh, so u are yet to get to know them. Fixed price fund at RM1. QUOTE(cklimm @ Oct 12 2016, 09:43 PM) We are not amused.  That shows what is to come of the FD promo.  |
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Oct 13 2016, 12:04 AM
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Senior Member
1,055 posts Joined: Nov 2015
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QUOTE(bbgoat @ Oct 12 2016, 08:34 PM) Hot from the press, Affin new promo. Received from Affin hrs ago: Not good at all
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Oct 13 2016, 07:21 AM
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#1035
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Senior Member
554 posts Joined: Oct 2008
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Nov US President election, what will the FD heading to..... my guess is going South
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Oct 13 2016, 08:51 AM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(David3700 @ Oct 13 2016, 12:04 AM) Not good at all So looking for better FD promo in coming months may not be realistic. But it depends on whether BNM will lower the OPR in Nov or not. |
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Oct 13 2016, 09:35 AM
Show posts by this member only | IPv6 | Post
#1037
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(cklimm @ Oct 12 2016, 08:30 PM) I never seen their price move at all though Due to ASNB have fixed the buying n selling price @ RM1/unit |
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Oct 13 2016, 09:41 AM
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Senior Member
1,055 posts Joined: Nov 2015
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QUOTE(bbgoat @ Oct 13 2016, 08:51 AM) So looking for better FD promo in coming months may not be realistic. But it depends on whether BNM will lower the OPR in Nov or not. I will foresee the current rate will stay put. BNM has indicated still need time to observe the effect from previous cut. For me, no need to wait, will secure whatever the best available now (HLBB eFD 4%, UOB 3.95%, RHB 3.9%) Someone has mentioned CIMB got 4% or 4.1%, verified ? |
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Oct 13 2016, 10:18 AM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(David3700 @ Oct 13 2016, 09:41 AM) I will foresee the current rate will stay put. I typically just go with the best rate avail now instead of putting short term waiting for better promo. Putting short term only when there is a need say 1 to 3 months later. BNM has indicated still need time to observe the effect from previous cut. For me, no need to wait, will secure whatever the best available now (HLBB eFD 4%, UOB 3.95%, RHB 3.9%) Someone has mentioned CIMB got 4% or 4.1%, verified ? Hard to believe on the CIMB 4.1% unless it is really a BIG sum. |
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Oct 13 2016, 10:27 AM
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Senior Member
520 posts Joined: Jul 2015
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QUOTE(mhisyam6 @ Oct 12 2016, 04:47 PM) Can someone explains to me, "why we are still need FD even though we have ASB/Unit Trust option with better ROI?" Different people different goal of investment ah.. |
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