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

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BWassup
post May 11 2023, 10:41 AM

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QUOTE(CommodoreAmiga @ May 11 2023, 10:38 AM)
Possible...2 weeks down the road..WTF are we giving so high and become sohai? Reduce to previous rates 4.25% or less.
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hahaha

4.35% will beat the rest of the banks liao
BWassup
post May 12 2023, 02:15 PM

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QUOTE(nexona88 @ May 12 2023, 01:33 PM)
seriously....

they really closed for Friday Prayers???? didn't faced that issues for others banks.... so far...

maybe for those malay super majority states??? but today is off day too... so non issues...

needed to wait after 3pm then for doing transactions....
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MBSB also closed for Friday lunchtime/prayers. Reopens 2.45pm
BWassup
post May 12 2023, 07:24 PM

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QUOTE(Giant @ May 12 2023, 07:12 PM)
efd 12m is 4.1
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Up 0.05% from b4 rate hike right?
BWassup
post May 12 2023, 11:04 PM

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QUOTE(Micky78 @ May 12 2023, 09:56 PM)
believe the market is soft... banks dont need fresh fund.. hence FD rate is not moving after OPR hike...
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Except for bank Islam biggrin.gif
BWassup
post May 13 2023, 03:16 PM

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QUOTE(frostfrench @ May 12 2023, 11:42 PM)
I ask abt invika, its 4.2% 12 months
No need to wait for cheque to clear, i got the fd cert on the same day
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Invikta is up 0.15%? Affin ranks 2nd after BIMB in amount of upward revision of 12 month FD rate smile.gif
BWassup
post May 13 2023, 05:23 PM

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QUOTE(Lazygenes @ May 13 2023, 08:29 AM)
Just to share, I had a MBSB FD maturing yesterday, it was auto renewed 6 months at 4.25%.  Quite good rate for auto renew.
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That is the highest rate in the market for 6 months. I always thot that Banks' auto-renewal policy/system is to renew at the board rate at the time of renewal. The renewal condition is sometimes printed on the FD receipt/advice of deposit.

It is also a bit puzzling that there isn't such a promo rate that we are aware of.

I wonder, did MBSB manually renew for you using a "special" rate?

And can we also get this 4.25% rate if we make a fresh placement now? hmm.gif tongue.gif
BWassup
post May 15 2023, 10:19 AM

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QUOTE(BeadsCrazee @ May 15 2023, 10:10 AM)
Today's info, according to local MBSB branch at my place

user posted image
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The 4.25% renewal rate is not in there hmm.gif

This post has been edited by BWassup: May 15 2023, 10:20 AM
BWassup
post May 15 2023, 09:52 PM

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QUOTE(nexona88 @ May 15 2023, 05:37 PM)
They said only...

Need to see also....

How desperate they are...

Willing to give higher rate then others or not...

I'm still waiting for the 6m 4.25% rate guys to respond...
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New doesn't necessarily mean higher right?
BWassup
post May 16 2023, 02:26 PM

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QUOTE(nexona88 @ May 16 2023, 12:01 PM)
Previously affin have quite competitive rate offerd...

Not anymore....

Suggest u just move your fund to others banks that give good rates....

For 6m - CIMB 3.88%

For 12m - Bank Islam 4.50%

👍
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Bank Simpanan 4.12 % for 6 months effective rate
BWassup
post May 16 2023, 04:54 PM

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QUOTE(CommodoreAmiga @ May 16 2023, 03:53 PM)
Today got one mature...tomorrow should see it renew. So good..I have got back pain since last week. Don't wanna go out if possible
I vote MBSB Bank of the Year!

Earliar last month or earlier got renewed for 4%, which was the promo rate then.
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Happy for you! biggrin.gif

Those who did not specify autorenewal will presumably not be able to get the same 4.25% rate by requesting for it OTC on the maturity date, since the promo rate is much lower?

MBSB is reversing the banking practice, where fresh funds are given better rates than renewal funds. Honestly don't what to make out of their practice.
BWassup
post May 16 2023, 05:25 PM

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QUOTE(CommodoreAmiga @ May 16 2023, 05:09 PM)
I think bank realized its very easy to transfer money left and right....fresh fund is overrated. LOL.
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Hahaha. And they are also rewarding loyal depositors cool2.gif
BWassup
post May 17 2023, 10:13 AM

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QUOTE(AVFAN @ May 17 2023, 10:03 AM)
nobody knows.... central bankers can change their minds anytime.

US Fed guys previously alluded to no more hikes but latest comments are hawkish, possible another hike coming in June.

BNM... RM now at 4.52x... depreciating 0.5% every week.... u decide if BNM will raise in July...
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IMO, doubt that BNM will hike again so soon, even if FED hikes, as they don't follow FED so closely. BNM's last hike was already a surprise to the market, reckon they will wait to see the effects of their hikes and more data first.

China isn't hiking, thinking of easing.

But who knows, if local inflation gets worse, or if Ringgit gets much worse...

This post has been edited by BWassup: May 17 2023, 10:17 AM
BWassup
post May 17 2023, 10:15 AM

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QUOTE(nexona88 @ May 17 2023, 10:10 AM)
3% for 6m 🙏

Not really competitive

Better go BSN...
Got 4.12%
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Has anybody tried fresh placement with MBSB for 6 months? Shouldn't they giving 4.25% as well? cool2.gif
BWassup
post May 18 2023, 11:36 AM

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QUOTE(joeblow @ May 18 2023, 10:22 AM)
Now I am at bank Islam. 4.5% for 1 year promotion still available. I also just gotten 6 months FD interest at 4.4%, seems likely BI calculation a bit lesser than expected. Don't really know how they calculate...
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No contest for 6 months & 12 months FD - Bank Islam sapu all! flex.gif
BWassup
post May 18 2023, 05:42 PM

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QUOTE(joeblow @ May 18 2023, 02:55 PM)
No sir, 6 months at BI I don't know what's the rate. I meant 6 months ago I put in 1.5 years at 4.4% fresh fund otc. After 6 months they pay me interest but it is a little bit short of 4.4% for 6 months...

I better post less to have less misunderstanding...
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You got many people excited for nothing bro! tongue.gif

But don't stop posting cool2.gif
BWassup
post May 18 2023, 06:08 PM

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QUOTE(nexona88 @ May 18 2023, 05:58 PM)
I'm one of them...

Now back to BSN 6m then 😜

MBSB also out....
Because it's for auro-renew FD
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Did you ask MBSB already, cannot get 4.25%? Make a lot of noise maybe they will give ranting.gif I mean, it's not fair to you
BWassup
post May 18 2023, 06:46 PM

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QUOTE(cclim2011 @ May 18 2023, 04:04 PM)
hello. long no update. someone reminded.
didnt follow much coz was pursuing BI only lol. let mr know on any promotion to update.

user posted image
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Think the RHB 3 & 6 month promo rates ended in April, quota full. Can someone confirm?
BWassup
post May 19 2023, 05:54 PM

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QUOTE(xiaomoon @ May 19 2023, 01:52 PM)
hi, u got open this account before?
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got, why?

BWassup
post May 22 2023, 04:08 PM

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QUOTE(ilovefdmalaysia @ May 22 2023, 01:55 PM)
user posted image
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"Latest promotion" means existing one or gonna have a revised one? Higher rates or not?

Just bring your cheque book and get ready to place FD? laugh.gif
BWassup
post May 24 2023, 02:43 PM

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Anyone went for MBSB Hari Raya open house lunch today? Did they reveal any new FD promo rates? smile.gif

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