Nego'ed with MBSB for FD renewal and getting 15 mth 4.6% with monthly interest.

The downside is MBSB has no internet banking. So has to go to their bank to withdraw the interest. Luckily they are near to CB Penang so can go there and get free parking stamping. Of course has to do some transaction in CB.

Has to open a SA for this purporse. RM50 for acct opening and minimum RM10 to maintain in the BSA.

[attachmentid=10053673]

For MBSB, their nego scope is quite wide. Fresh fund, large amount, tenure, monthly interest etc.

My case is renewal and getting monthly interest. Could get 0.05% more if it is fresh fund. Have even wanted to withdraw at one stage before getting the 4.6%.

So nego and nego !

Branch to branch implementation issue !

Last week I opened BSA acct with Bank Islam in preparation of placing FD, to avoid the issue u mentioned. U did not open BSA acct with them ?

Last week interesting that after opening the BSA and getting free debit card, did not pay RM20 required. 3 days later only I opened internet banking, then transferred RM20 to my BSA acct.

Plan to xfer funds to the BSA acct next time to place the FD. To avoid going back again to collect the FD cert. Also later can transfer the interest online. 

Branch to branch implementation issue !

Last week I opened BSA acct with Bank Islam in preparation of placing FD, to avoid the issue u mentioned. U did not open BSA acct with them ?

Last week interesting that after opening the BSA and getting free debit card, did not pay RM20 required. 3 days later only I opened internet banking, then transferred RM20 to my BSA acct.

Plan to xfer funds to the BSA acct next time to place the FD. To avoid going back again to collect the FD cert. Also later can transfer the interest online. 

no issue with banker cheque. the bank islam branch issued fd cert on the same day, but i need to open a bsa account for getting payout interest every three month. debit card will charge annual fee.

U are in East Malaysia right ? So not relevant as far as branch is concerned.

MBSB told me the nego rate is changing day to day. Actually fresh fund can get 4.65% for even 13 month. Mine is renewal with small qty top up. So just nego with them with a big amount and see. Remember to include monthly interest in the nego.

Just like I told BR that their Prai branch gave 4.85%, initially also don't believe until I point to Lowyat forum. It is up to the branch to contact HQ on the nego rate. Ask them to call HQ. But the amount has to be high. Not like 10k to 50k or so, I think.

At the moment not, but maybe November everything changes with the new budget and the "new tax wave" 

Only the government knows and they will not tell us before Nov 2. It probably is not a bad idea to place a FD now[U], if old FDs are not effected it is great, if a brutal tax is coming can cancel with minimum interest loss and search for something better.

Yes agree. If you have the amount 50k or above, it is advisable to place it in Bank Islam. According to the news today, Bank Islam is the second best bank after Public Bank.

The source is according to the online Sin Chew Daily posted yesterday on its website. The financial article quoted the opinion of the market analyst saying that Bank Islam is the high performance bank after Public Bank. And the third high performance bank is Maybank.

The market analyst also said that Bank Islam has the good prospect due to its Islamic financial products and the profits earned.

So from their point of view, it is advisable for the investors to invest in these three banks.

Just tried with IE, same issue.

Hmm..I tried last 2 days ago, managed to get in..Why ya?

Normal cimbclick login also same loading issue

Today RENTAS fund from HL to Bank Islam (BI).

Went to BI to place their 2 yrs step up FD of average 4.65%. Got the cert the same day. About 30 minutes from opening of FD account to getting the cert. Interest every 3 months.  Got a diary as gift

FD shown in online account already. Was told their PB is only 100k, so now their PB already. 

Did not ask as not really interested in that. More on their FD offer. Moreover the staff said they will submit my name.

Anyway for BI has to send your fund in first before placing FD. Using cheque will have to wait for clearance. But someone said differently ?? Anyway to be on the safe side, I RENTAS in to get FD cert the same day.

MBSB offer me 2 yrs 4.65% with monthly interest, but don't want to place too much eggs in one basket.

every 3 mths u get the credit. At the same time, you can choose to continue for the next step up rate or withdraw. If you withdraw, whatever credited to your savings is yours to keep, no penalty. If u withdraw say in the 8th month, u will have been paid 2 times interest but for the 7th & 8th month you get nothing. That's what the officer explain to me... same as the old PBB stepup 

HEADS UP

Siawyent, okuribito and all Bank Islam GO 7 FD depositors

The nice explanation has been superseded with a new method with effect from 1 January 2019.

Clause 7.13
Customer is advised to access the Bank’s Website from time to time to view the Terms and Conditions and to ensure to be kept up-to-date on any changes or variation to the Terms and Conditions thereof.
6.0 PREMATURE WITHDRAWAL/ EARLY DEMAND OF PAYMENT BEFORE MATURITY DATE

6.1 Effective 1st January 2019, I/we hereby agree with the following for any premature withdrawal/ early demand of payment before maturity of the deposit:

a) I/We hereby undertake to grant Ibra’ (rebate) on all of the profit comprised in the agreed Sale Price (Murabahah) to the Bank (after deducting any payment made to the Customer, as the case may be);

b) I/We fully understand and agree that, any deposit placement and/or renewal made prior to 1st January 2019 which matures after 1st January 2019, is also subject to the above clause should I/We wish to make premature withdrawal/ early demand of payment before the maturity date;

c) For early withdrawal of the deposit, the Bank will charge the Customer for any brokerage fees/charges actually charged by any third party Commodity Trader for sale and purchase of the Commodity. However, the Customer shall only be liable to pay 50% of the total brokerage fees/charges and the amount payable shall be deducted from the Sale Price (Murabahah);

d) For interim profit payment (upon maturity/premature withdrawal), if the total amount of interim profit paid is greater than the total amount of actual profit to be paid, the profit refund will be deducted from the Deposit Amount.

Please refer to Bank Islam for explanation if cannot understand what is meant under Clause 6.1  c) or d).

ALL READERS - WARNING In general, please be advised that effective from 1 January 2019, number of changes occurred at various banks and whatever was written or explained or practiced  before may no longer be valid.

Just placed one at mbsb today. 24months at 4.67% interest paid quarterly. At the same time opened a saving acct Cash Rich with high rate and no fee. Was told there will be new promo/nego rate next week.

For those having MBSB monthly FD interest one, go and check with your branch for ATM card and set up online account.

Successfully got the online account setup.Used instant transfer for some remaining FD interest out, succesfully done, zero charges. Good so next month onwards no need to go to the bank to withdraw the interest.

However their max limit is RM9k for all transfers. Unlike other banks 30k or 50k per day.