Well if maybank gone, then the economy also gone.. It's one of the backbone of the banking system..
Don't think government would make them failed..

U may unable to get back 100% of your initial capital

Every investment have risk..
U cannot runaway from it..

Would get even lower next month after bnm cut opr

I have FD's in both PIDM and non PIDM banks. Still sleep soundly without worrying about any worst case scenario. Just have to spread out the dough. Cannot worry too much lah !

"Luckily" early Nov I will dispose of some matured FD. Don't have to worry of BNM's OPR cut, if there is one. Just hope Nov month 4% FD still around or will nego with banks to at least get 4%.

Yup. Better to spread between pidm & non pidm.. Some are actually worry about banks going bankrupt which is very minimal for Malaysia..

As for the rate.. Well u got nego power.. Sure can get good acceptable rate unlike ikan bilis like most of us..

New FD reporting in. Alliance Bank 4%

Good deal
'Whats the minimum amount.

Agreed
No need to worry once have make decision

Haha, stickers, like what I did earlier !

U did not go for RHB due to the FD offer ?

I asked for a bankers check for my matured FD but the RM countered offered me with this 4%pa deal. So have to say sorry to RHB.

She said the offer is until Oct 31 only, but I did not ask her what's the min amount. also she made a phone call to get approval from who I dun know.

This post has been edited by ikanbilis: Oct 24 2016, 11:55 AM

Ya, I think better go for the rate instead of RHB's PB member get member campaign. For me I have met the requirement just need to apply and recommend family members to enjoy the RM388.

The alliance bank PB service is not bad. Everything is done within 10 mins. Also my previous FD matured on Saturday and she paid me the weekend interest. Additional money for me to buy kfc for my family today.

Bro also Alliance Bank PB.

I have nothing there for quite some years, really miss their cash rebates on their debit card !

guys try out Hong Leong bank promo till end of this month...

just need open /have a saving account.. then login to ebanking and put the amount to the fixed deposit.. will get the certificate on the spot (save them on your email/drive/cloud for safekeeping in case). higher % interest when done online and very convenient.

my fixed deposits:

I just text my RM, and she said min rm100k.

GiA involves investment, it is even riskier than non PIDM FD.
Not so serious to say a bank will go bankrupt. But in the case of major recession, the bank will honour FD first b4 GiA.

That's why within MBB, there is a difference in FD rate and GiA rate.
More risk, more gain.
Don't you all think so ??

GiA is a separate product which is not comparable to conventional FD.

This post has been edited by David3700: Oct 24 2016, 02:37 PM

Bank Negara may adjust OPR by 25 basis points as soon as 1Q2017, says AllianceDBS IB
http://www.theedgemarkets.com/my/article/b...-alliancedbs-ib

GIA-i is not an ordinary "investment"

GIA-i is a islamic banking version of deposit that similar to conventional FD.

Islamic banking concept is profit sharing and non-guaranteed.
That's why in islamic deposit, interest rate term is not used, but profit sharing.
While islamic banking itself doesn't have guaranteed feature, and that's why it is not PIDM guaranteed.

Totally Agreed. IMHO I would say the maybank GIA is 99.9% safe. But you never know when a crisis going to strike. The million dollar question is whether you would take that 0.1% risk to get that 0.1% gain in interest with GIA?