Fixed Deposit Rates In Malaysia V. No.15, Strictly for FD Discussion Only
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 Apr 17 2017, 01:28 PM
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#181
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6,614 posts Joined: Mar 2011 
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In BR to terminate FD. BR no FD promo for now. So looks like they do not need extra cash. Heard likely to be May that they have FD promo.
Planning for HL eFD Tuesday, parking in MBB to get the 1 day interest.  Received below from CIMB RM. But this has been reported before. CIMB 4.2% for Preferred customer, but has to open CA. 
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Apr 17 2017, 05:39 PM
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#182
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6,614 posts Joined: Mar 2011
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QUOTE(annoymous1234 @ Apr 17 2017, 01:51 PM) What does it mean preferred customers? It is so called PB. PB refers to Priority/Premier/Privilege/Preferred Banking. For different banks, the requirement is from 200k to 500k (UOB). CIMB is 250k See below thread for more info: https://forum.lowyat.net/topic/554471 |
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Apr 18 2017, 10:33 AM
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#183
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6,614 posts Joined: Mar 2011
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QUOTE(babysiew @ Apr 18 2017, 10:25 AM) best rate right now would be 4.1% with CIMB? took out one FD, now kena cari a new one haha For 12 mth, CIMB would be the best. HL eFD Tuesday 9 mth 4.15% with monthly interest. I am going for it afterwards. |
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Apr 18 2017, 11:03 AM
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#184
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QUOTE(chinkw1 @ Apr 18 2017, 10:59 AM) bbgoat is sifu in FD.. There are other more knowledgeable sifu's in this thread.  I also baru do placement in HLB using FPX, quite convenient. Interest will credit monthly into our account. Principle i choose NO autorenew. I guess by so doing, the principle will be credited into our savings account automatically on maturity date ?? Yes, if choose no auto renew, the principal sum on maturity will go into the SA, the one during placement that we choose. Or rather the one that monthly interest go into. So far I chose all the HL eFD to be no auto renew. So no need to terminate it on day of maturity and can immediately go hunting for another FD promo. |
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Apr 18 2017, 11:25 AM
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#185
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6,614 posts Joined: Mar 2011
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QUOTE(chinkw1 @ Apr 18 2017, 11:08 AM) Agree. But I still got 1 FD open last year during Maybank promotion, that one need to go to Maybank to open, and its terms is MUST auto renew. So need to go to Maybank again on maturity date to take out. leceh QUOTE(chinkw1 @ Apr 18 2017, 11:11 AM) CIMB FD is good. But need to go to CIMB personally to open, and some more, need to open another savings account in CIMB. A bit troublesome. Some of the banks FD promo stated that on maturity, the FD will auto renew into board rate. Can't help it. I prefer Maybank or HLB..  I am immune on the banks requirement for SA. Already has SA for those banks that I have FD with. |
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Apr 18 2017, 02:06 PM
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#186
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Yesterday terminated BR's FD. OTC ibg to MBB. Placed for 1 day GIA-i, earned 1 day interest.
 Terminated the GIA-i, placed for the HL eFD 9 mth 4.15% with monthly interest. As before smooth as silk.  |
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Apr 18 2017, 04:28 PM
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#187
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QUOTE(chinkw1 @ Apr 18 2017, 03:23 PM) Mr bbgoat, Depends on situation. I used banker's cheque, Rentas or OTC ibg, online xfer IBFT etc. When you placed FD in a new bank, upon maturity of the FD, which are the best ways to take the money out and move to other banks? |
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Apr 19 2017, 12:42 PM
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#188
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6,614 posts Joined: Mar 2011
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Received from Affin, below promo:
18 mth 4.2% 15 mth 4.15% 13 mth 4.1% Above 100k, offer till quota met. |
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Apr 19 2017, 01:40 PM
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#189
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6,614 posts Joined: Mar 2011
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QUOTE(annoymous1234 @ Apr 19 2017, 01:30 PM) Need to deposit rm100k? For this Affin deal, YES, 100k and above ! |
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Apr 19 2017, 05:43 PM
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#190
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6,614 posts Joined: Mar 2011
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QUOTE(propertymart @ Apr 19 2017, 04:53 PM) CIMB , offer to all saving account 3% until Aug 2017? I remember they call me Pure saving account, not FD  I am lost. What is your message versus my earlier post ?  Edit: Or u are just saying CIMB has SA offer of 3% till Aug 2017 ? We are discussing FD here. QUOTE(McFD2R @ Apr 19 2017, 05:08 PM) Example of 12 months Other banks : RM10,000 x 4.2% = RM420 (using promo) ... expire,renew again elsewhere Maybank Islamic eFD : RM10,000 x 3.1% = RM310 (using board rates online) maybe some banks are slightly higher Is the extra RM110 per annum worth the hassle for you? Not for me. I do not have banks near my office, hence would require me to drive there, find parking, conduct the transaction and go back to office. I'd rather place online then. What if the FD is RM100k? Difference would then be RM1,100 .. yes, that makes a difference for me. Worth it or not, is up to how you value your time and the quantum of your placement.  Agreed.It is the quantum involved. Can differ from person to person. This post has been edited by bbgoat: Apr 19 2017, 05:52 PM |
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Apr 20 2017, 08:39 AM
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#191
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We all look at situations from our own perspective.
At CB, I was told by my RM there are still groups of RM serving Citigold customers who has FD with them (meaning RM400k or above FD for Citigold). CB FD promo like non existent except rare occasions like the 3 mth 4.88% that I had with them in Feb/March. So those that has >400k FD (1 year board rate of 2.85%) in Citigold, why ?? So it all depends on the individual and situations. For every 0.1% difference for 100k, every year difference is RM100 interest. So each person look at time/effort/gain differently. This post has been edited by bbgoat: Apr 20 2017, 08:48 AM |
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Apr 20 2017, 09:34 AM
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#192
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QUOTE(bbgoat @ Apr 19 2017, 12:42 PM) Received from Affin, below promo: Another SMS from Affin:18 mth 4.2% 15 mth 4.15% 13 mth 4.1% Above 100k, offer till quota met. For 500k and above 4.25% for 18 mth. So Affin is another bank that we can nego with before FD placement. |
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Apr 20 2017, 12:48 PM
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#193
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QUOTE(gchowyh @ Apr 20 2017, 12:36 PM) I finally decided to go with CIMB last week, but not after debating with the teller at CIMB that 4.2% 12 months promo pays monthly. U are their Preferred customer also? Opened CA? |
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Apr 21 2017, 11:33 AM
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#194
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One of the things I liked about BR, CB and UOB is they adjust FD maturity to next working day. So I have FD placed with BR on 22 April which maturity date has been auto adjusted to 24/4.
But now with the public holiday on Monday, lets see if BR adjusting them or paying the extra 1 day interest. |
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Apr 21 2017, 11:57 AM
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#195
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6,614 posts Joined: Mar 2011
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QUOTE(giko @ Apr 21 2017, 11:53 AM) when my 4.5% p.a. 12-mth RM50K FD matured on a Saturday, I asked for the 2 days' interest from the BR staff in the USJ 9 on Monday & she & an officer said that their system will add in the extra days' interest... & it came up to 10 sen! But during placement time, it would have been adjusted to the next working day like Monday (unless Monday is another public holiday) ?  For the case I mentioned, it is NEW public holiday declared by government. |
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Apr 21 2017, 01:38 PM
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#196
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QUOTE(giko @ Apr 21 2017, 01:36 PM) keep us informed if BR will pay the additional day's interest. How about the question I asked about your Sat BR FD maturity ? It should have been moved to Monday, at least. |
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Apr 21 2017, 03:45 PM
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#197
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QUOTE(giko @ Apr 21 2017, 03:07 PM) Nope, it wasn't moved to Mon & I didn't realise until it matured!  SO much for their "automated system"! I guess then I was "lucky" !So far have not experienced problem with their moving to working day issue on FD maturity. Just April month, I have 3 Mondays that the FD matured (moved to Monday). "Unfortunately" next Monday one turned out to be a NEW holiday. |
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Apr 21 2017, 04:51 PM
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#198
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QUOTE(gchowyh @ Apr 21 2017, 04:43 PM) I am their new Preferred customer & yes opened CA but without cheque book & ATM card. Instead of going for their 12 mth 4.2% which require to open CA, I opted for the HL eFD of 9 mth 4.15%.I heard has to put in RM1k to open the CA and charges if fall below 1k. Anyway next month may go for it with larger amount which will make it more worthwhile (taking into acct of the CA charges). |
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Apr 21 2017, 05:49 PM
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#199
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QUOTE(gchowyh @ Apr 21 2017, 05:33 PM) I thought you already went for CIMB's 4.2% 12 months promo? I did place for the CIMB 4.2% 12 mth FD on 29/3. That is a different promo (for Preferred customer) where the branch need to get approval from HQ. No monthly interest option.Yes, RM1k to open CA account & must maintain it there. Besides, I can get additional 10,000 bonus points for applying the new CA which I can combine with my credit card. I was too busy to try Bank Muamalat. The current one for Preferred customer need to open CA and with monthly interest. Just started around 2 weeks ago. Next month may go for it unless there is a better promo. I guess with bigger FD amount, then the 0.5% as compared to HL eFD will be more worth it (CA charges). Anyway HL eFD will end by Apr month. This post has been edited by bbgoat: Apr 21 2017, 06:03 PM |
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Apr 25 2017, 01:15 PM
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#200
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QUOTE(buncho89 @ Apr 25 2017, 01:05 PM) hey do you know where I can find more info on this? Is there any website on it? Tell RM it is the Islamic fd.My RM say no such monthly interest..only 4.2% p.a. |
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