Sadly yes...

Gone the days of 4.5% FD rates...

Now available is MBSB 4% @ 12m tenure  👌

Especially in PB 😁

No matter what... There's always people does FD placement...
Trust on the bank is important & very high.... Others non issues...

That's why it's called old school bank...

Security features tip top... Sikit2 cooling period 😋

^too bad, currently at BI waiting for rentas to arrive. Good thing that it lasts till September.

You check from the branch? My understanding is only hold 10k if want to win the prize

I see thanks, still ok for me as I always maintain some money at SA anyway.

Add: BR just posted at their FB, no mention of the 10k hold amount.

new to negotiation FD... no experience...
who to look for the 100k 3.9 ?
the front counter always giving standard answer about FD info and no relationship manager for bank islam

Rather not say the branch. Min 300k for 4%, Min 100k for 3.9%

general customers

t&c https://www.bankrakyat.com.my/d/campaigns/c...%20TD%20ENG.pdf
faq https://www.bankrakyat.com.my/d/campaigns/c...0FAQ-TD_ENG.pdf

Ok just checked this. Not worth. Need lock 10k for 1 year and will be board rate

Yes, from branch. Was told min placement 50k and lock 10k in savings, so total min required 60k. 10k need lock until maturity while FD profit can withdraw monthly

Just checked with the CS, other options available without any RM10K pledge / lock in period:

3.8% for 12 months or
3.7% for 8 months

general customers

t&c https://www.bankrakyat.com.my/d/campaigns/c...%20TD%20ENG.pdf
faq https://www.bankrakyat.com.my/d/campaigns/c...0FAQ-TD_ENG.pdf

Yes you are right MBSB do not give 4% as advertised.They misled and short changed most of the ignorant depositors.Those who make noise and raise the issue will get it amended..otherwise they thought beggars cannot be choosy..(since they are offering the attractive rate in town.)MBSB is tarnishing its reputation if they do not honour they commitment .BI is a better deal and transparent.

Don't understand this part

Refer to my post on May 30th..Post30593 page 1530.

In the financial industry world wide,4% means 4% no such thing as 3.99%. If it is. A LEAP year they have to pay you even more ..extra 1 day interest.,not less and cannot be compromised.No bank would dare do it except MBSB.

1 yr is actually more than 365 days, so every year  depositors untung abit.

in leap year if bank use 366 as divisor and you insist your 1 year is 365 days,
sure you will find bank pay you lesser...
did i miss out something?
isnt that issue or 365 or 366day as you asked earlier?
so the 3.99% instead of 4% is not because of 365 vs 366  days??

Seriously dude, it is either you are a troll or you have issue with that sexandiknowit guy and took it out on my post. I don't need you to explain to me why i am getting effective 3.9925% based on what my FD Cert states. I already replied I know why. If you have a beef with someone else I appreciate you reply that someone instead of me.

This is a FD thread where we try to help each other to get the best deal. I really wanted to help cclim (if he is not trolling) to understand this 3.99% and how we got it. What's wrong with me saying I get only 3.99% based on my cert information? Why do I need to be responsible to explain for MBSB? A lot of guys already put in their analysis on the 366, not enough? I have no beef with that. The effective rate we get is indeed 3.9925%. Nothing wrong with that. Effective rate you understand right?

Seriously I am a bit fed up. You seem to want to have the last word yet you don't understand the logic of your rambling should be to someone else and not to my post. Don't you think your argumentative nature is becoming a toxic to this thread? And to make matter interesting, it is someone else who first explained the 366 days calculation. Not you. And you are only unhappy because someone says/infer MBSB is cheating.

Enough already man. You don't have to tell me how FD works. Let's keep this FD thread informative and not argumentative please.

what the best rate at bank rakyat, i got one due next wks...tq

ok tq.. but my placement very small... not sure can get 4%

Hello Sifus,
i have a stupid question here, if you have rm1million in a saving account, would you split it into 4 different banks with 250k each bank? since the PIDM covered up to 250k max just in case Bank A goes to bankrupt?

and for those high networth sifus who has more than 1million in FD/savings in 1 bank, would you afraid if this really happen?

thanks.. i really need to know this just in case if i have 1 million in future so i know it is needed to split since each bank PIDM covered up to 250k only

Offer 4% punya bank🤭🤭🤭

who put in MBSB ? scared or not?

Another example: MBSB. Heard from banker friends not to put all eggs into this basket, cause its a fairly new bank. Not much good/excellent track record garnered yet, so to speak.

One of my BI's FD matured today, and when i checked it out, the new rate given to me is 4.1%. Was planned to move it somewhere else but now i think just keep it inside will do.