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 Fixed Deposit Rates In Malaysia V. No.15, Strictly for FD Discussion Only

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cybpsych
post Jul 14 2023, 05:40 PM

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QUOTE(X_hunter @ Jul 14 2023, 04:42 PM)
What I mean is, let say I have just placed FD for 12 months (sole account), matured next year. But nobody knows about this FD except myself. Then let say touch wood anything happens to me, then my family also don’t know I have this FD, so how would they go and know about this money?
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probate/letter of administration will query the bank, provided your family listed your bank.

not sure if they can query ALL banks automatically, but last i dealt with Amanahraya, they asked me to input all potential banks related to the deceased.

if explicit listing must be done, they if family didnt include your FD bank, iinm, FD will continue auto-renew until a 7 years before bank file for Unclaimed Monies.


speaking of unclaimed monies, assuming my FD already went to unclaimed monies, can my family/spouse use eGUMIS to retrieve it easily? hmm.gif

if they can do it easily bypassing probate/loa, then they can wait after 7yrs after my death and claim it back from eGUMIS?

This post has been edited by cybpsych: Jul 14 2023, 05:41 PM
cybpsych
post Jul 14 2023, 05:46 PM

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QUOTE(poweredbydiscuz @ Jul 14 2023, 02:24 PM)
What happened to those cases? All solved?
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fpx issues usually auto-resolved within 7 days.

FPX itself is just a fund routing processor between banks. if either party has issue, there is a refund process that kicks in. however, downside is that it need few days to resolve, which is not favorable for FD placements laugh.gif

FPX is currently in progress of sunsetting by end of 2023 (originally end-2022 but resisted by few banks (aka they are pissed at paynet lololol)). DuitNow OBW (online banking/wallet) will supersede FPX (functionality is the same as FPX anyway, but routing thru DuitNow ecosystem)

next to sunset is JOMpay. same fate because DuitNow will replace it.
cybpsych
post Jul 14 2023, 05:55 PM

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QUOTE(X_hunter @ Jul 14 2023, 05:51 PM)
Okay, then I think the best way is to inform family about all the bank accounts/FD/ASNB/other investments that I have. To save the hassle just in case.
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if you have very specific instructions or too many assets/heirs, do will better biggrin.gif

else, just briefly inform family of potential banks you may have dealing with.

if got trustworthy spouse, let them know the specifics, at least they can do the necessary later. thumbup.gif
cybpsych
post Jul 15 2023, 07:55 AM

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QUOTE(fabu8238 @ Jul 14 2023, 06:00 PM)
I have the impression that FPX issues with online FDs seem to happen with MBB. I have no bad experience with other banks. Why them?
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for recent months, yes, maybank has the most FPX issue. not sure what is their deal/issue. not just FPX B2C, even FPX B2B faces a lot of issues.

i suspect their backend integration with FPX and/or DuitNow OBW messes up the whole thing. hmm.gif

i'd guess mbb fpx issues will likely continue unfixed/not improved/not gonna waste time & resources to fix....until FPX sunset later this year and switch to DuitNow OBW fully.
cybpsych
post Jul 15 2023, 09:36 AM

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QUOTE(L3SME @ Jul 14 2023, 11:05 AM)
📣 Earn up to 4.00% p.a. with e-Islamic Fixed Deposit-i 📣

Exclusively for Maybank customers! Make a min. RM1,000 placement from other banks via FPX from 14 July till 8 August 2023 (or until campaign limit is reached).

Follow these steps to make a transfer now:

1️⃣ Log in to Maybank2u web and go to ‘APPLY’
2️⃣ Under ‘Fixed Deposit’, click ‘APPLY NOW’
3️⃣ Select ‘Islamic Fixed Deposit’ then select account to place funds from
4️⃣ Select ‘7 months’ tenure, enter the minimum transfer and select ‘Credit to account’
5️⃣ Authorise via Secure2u on MAE and you’re done!

🔴 Important notes

👉🏻 This is an online-only offer
👉🏻 Must enter the min. placement amount as the principal amount
👉🏻 Must select ‘Credit-to-account’ as the profit payment mode
👉🏻 Offer is available until placements reach the campaign limit, on a first-come, first-served basis

Maybank Islamic Berhad is a member of PIDM. eIFD-i is protected by PIDM up to RM250,000 for each depositor.

T&C apply.
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QUOTE(babysotong @ Jul 15 2023, 09:32 AM)
It says "up to" 4.0%. Don't know got anh hidden trick or not?

Smells like a step-up FD but one need to check the tnc to ascertain
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https://www.maybank2u.com.my/maybank2u/mala.../efd-promo.page
cybpsych
post Jul 16 2023, 09:22 AM

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Affin A1addin eFD/eTD-i

https://www.a1addin.com/en/promotions/eFixe...D0xJmRhdGFJZD02

user posted image
cybpsych
post Jul 18 2023, 01:44 PM

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QUOTE(gchowyh @ Jul 18 2023, 01:24 PM)
Anybody knows if the 4% / 5% pa. Promo for al-rajhi's Rize account going beyond 31 August 2023? This is because I noticed the T & C no longer shows the end date although the banner on the web site still shows it
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ask in Rize topic la https://forum.lowyat.net/topic/5370177
cybpsych
post Jul 18 2023, 08:44 PM

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QUOTE(jason2010 @ Jul 18 2023, 07:55 PM)
Bank Islam 12 months 4.5% still available right? Is it the highest FD rate compared to others bank?
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yes

cybpsych
post Jul 19 2023, 07:24 AM

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QUOTE(doxtera @ Jul 19 2023, 03:05 AM)
Hi all, is it just me or bank islam FD placement doesn't has FPX transfer from other bank? Meaning I have to same day transfer fresh fund from other bank to bank islam acc and direct debit for FD placement for the 4.5% FD rate campaign?
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yep, no fpx fd placement

just use cheque/bank draft for direct placement or transfer to BIMB SA for staff to draw the fund.
cybpsych
post Jul 22 2023, 08:46 AM

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QUOTE(BrookLes @ Jul 22 2023, 04:01 AM)
I thought the promo until end of the year?

Wow they just stop like this?
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fd promo can be terminated prematurely

// “Campaign Period” means the duration of the
Campaign which is from 3 March 2023 until 31
December 2023 (both dates are inclusive) (or upon
reaching the campaign set target, whichever is
earlier). Bank Islam reserves the right to change the
duration and/or the commencement and/or expiry
date of the Campaign Period.
//


QUOTE(BrookLes @ Jul 22 2023, 03:59 AM)
So which is the best promo now?

Now I regret.
Maybe should have just took our Versa money and put inside.

At least secure this 4.5 for 1 year.
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probably this

user posted image

This post has been edited by cybpsych: Jul 22 2023, 08:48 AM
cybpsych
post Jul 24 2023, 09:09 AM

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QUOTE(dannyw @ Jul 24 2023, 09:06 AM)
HLBCONNECTDAY Promotions | Deposit-i | 24 July 2023-26 July 2023

4% p.a. 6 months, minimum 1k

https://www.hlisb.com.my/en/personal-i/prom...promo-eFDi-0723
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conventional HLB eFD, slightly lower than HL Islamic above

https://www.hlb.com.my/en/personal-banking/...fd-i-promo.html

user posted image
cybpsych
post Jul 25 2023, 11:34 AM

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QUOTE(virtualgay @ Jul 25 2023, 11:10 AM)
i am wondering how much cash is Bank Islam having right now...
it is quite crazy that a promo which should be ended by end of this year now already ended
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why not?

the "OPR+1.5%" promo started back in March 2023, that time Ambank was the highest 4.3% vs 4.25% (BIMB's 2.75%+1.50%)

then the promo picking up steam and awareness after May's OPR raise to 3.00% whilst other banks are reducing their FD/TD rates (and further down)

i'm surprised BIMB offer stayed for nearly 3 months laugh.gif
cybpsych
post Jul 27 2023, 04:22 PM

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user posted image

user posted image
cybpsych
post Jul 28 2023, 09:52 AM

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QUOTE(xiaomoon @ Jul 28 2023, 09:25 AM)
where u found alliance efd 4.2?
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https://www.alliancebank.com.my/promotions
cybpsych
post Jul 31 2023, 05:23 PM

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QUOTE(kechung @ Jul 31 2023, 04:57 PM)
Is anyone here know ICBC promo 6/12mth 4.10/4.30% still available?
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still published in their website

better call nearest branch (if you're visiting) to find out actual on-ground status
cybpsych
post Aug 1 2023, 09:31 AM

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user posted image

https://www.hlb.com.my/en/personal-banking/...otion-2023.html

3 months @ 3.90% p.a.
6 months @ 3.95% p.a.
12 months @ 3.95% p.a.


user posted image

https://www.hlb.com.my/en/personal-banking/...otion-2023.html


cybpsych
post Aug 3 2023, 04:03 PM

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QUOTE(download88 @ Aug 3 2023, 03:06 PM)
issuance debit card of BI basic savings account need pay rm12?
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IIRC, no fee for the debit card.

my BIMB SA is BSA-type called SA-Asas Qard

just need initial deposit of RM20.00.
cybpsych
post Aug 3 2023, 04:42 PM

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QUOTE(no6 @ Aug 3 2023, 04:34 PM)
can this BI account be opened through online without going to the branch ?
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supposedly YES

use the BIMB's VAO (virtual account opening) https://vao.bankislam.com.my/vpnew/


in my case, it failed on final deposit thru FPX. still need to visit branch to complete the registration, get the debit card (no charge), setup pin at ATM, deposit min RM20.00 to the new SA (via CDM)

previously shared my experience here (in spoiler below the post)

This post has been edited by cybpsych: Aug 3 2023, 04:43 PM
cybpsych
post Aug 4 2023, 07:10 AM

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QUOTE(Duxia999 @ Aug 3 2023, 11:42 PM)
Alliance got 4.2% right?
But need open saving account
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first promo in this page https://www.alliancebank.com.my/promotions

there are other Term Deposits too, if you are interested or eligible for it
cybpsych
post Aug 8 2023, 07:42 AM

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QUOTE(twk333 @ Aug 7 2023, 07:29 PM)
Bank Negara should just put a stop to all these ", marketing gimmicks" by the banks to promote their HIGH interest rates. All are just bundled with other products or split between pure fd and CASA.
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nothing wrong, just ppl dont read the t&c properly


many years back, even worse, they dont state the EIR upfront, hence the furious confusion as yourself now biggrin.gif

but nowadays, bundles will have EIR stated. again, nobody read it. biggrin.gif

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