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

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ProxMatoR
post Jul 14 2017, 03:35 PM

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QUOTE(TOMEI-R @ Jul 14 2017, 03:28 PM)
Yes, apparently they can wave the banker cheque charges for all the FD holders (previously 4.5% for 12 Months) now but I am not sure for how long.
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U mean if u want to transfer ou t? Which bank? Affin or mbb?
ProxMatoR
post Jul 14 2017, 06:05 PM

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QUOTE(TOMEI-R @ Jul 14 2017, 03:47 PM)
Banker's cheque. Means its a cheque by the bank that you can bank in to any bank you like.
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I know bankers cheque.. I mean which bank gives fee waiver on banker's cheque? smile.gif
ProxMatoR
post Jul 15 2017, 07:22 PM

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QUOTE(Smile0808 @ Jul 15 2017, 05:51 PM)
Thanks
Any different between conventional and Islamic ?
Which give the best?
Sorry first timer
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in basics, no difference. But banks at times will have higher FD rate for islamic. if speaking of current HLB e-FD, both are same rate.
ProxMatoR
post Jul 16 2017, 12:01 PM

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QUOTE(thenuts15 @ Jul 16 2017, 11:34 AM)
Hi,

whats the latest updates on FD promo for CIMB/AM Bank/UOB?

TQ
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CIMB seems no special promo for now... I guess their unfixed deposit 4.1% has hit quota.
AmBank 4.1% for 12mth
UOB 3.95% for 7mth and 4.08% for 12mth. UOB now available with monthly interest.

If u don't mind taking trouble to open an account at hlb, their e-fd has pretty good offer from time to time. Like now till 20th, 4.17% for 7mth, and after that is 4.00% for 7mth. Monthly interest too.
ProxMatoR
post Jul 16 2017, 10:41 PM

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QUOTE(callmeaugust @ Jul 16 2017, 08:18 PM)
So apparently Affin has the best rates for long term FD?
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yes and no....

bank muamalat is 4.3% for 12mth.

if you speaking of 18mth and 24mth, then yes.

so far HLB 4.17% 7mth is not that far from Affin 18mth rate. Nobody can assure 7mth later's rate. But, it has been circulating that year end or early next year, interest rate will be increased.

So, yes.... you are right... and no.... not completely....
ProxMatoR
post Jul 18 2017, 01:03 AM

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QUOTE(doinkz_gaara @ Jul 17 2017, 08:10 PM)
Hello. Just came back from NZ after 6 months and realized that FD with UOB auto renewed. Haha. Was wondering can I stop it and withdraw as it's only 3.0% omai.
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Yes of course u can uplift anytime. If want it quick, walk in, get the fund on the spot for transfer.
ProxMatoR
post Jul 18 2017, 12:32 PM

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QUOTE(doinkz_gaara @ Jul 18 2017, 11:16 AM)
I already have an account with HLB, prolly have RM1 inside, so I can just go into the branch and said that I'm interested in the eFD right?
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What you need to do is to get yourself HL-connect (e-banking) account. You can do it easily via ATM.

You don't need to go to counter for eFD.

Btw, HLB needs min RM20 in account ... wink.gif
ProxMatoR
post Jul 18 2017, 04:18 PM

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QUOTE(spreeeee @ Jul 18 2017, 03:45 PM)
question, FD is joint name (two names), what would happen (touch wood) if one of the name passed away..
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Usually you can assign anyone to withdraw, or both must be present.

QUOTE(okuribito @ Jul 18 2017, 01:50 PM)
hmmmm that PB eFD rate of 3.4% really unattractive. They had another 12 mth 'superfd' promo the other day with monthly interest starting from 3.08% to 6.88% - average 4.01%. Lower thanother banks but better than this eFD  tongue.gif

Did anyone else go for the Ambank 4.1% 12 mth offer recently? I just got an SMS to register for their Transformer Spend or Deposit campaign ... just some gimmick I guess but who knows lucky or not? Or perhaps a scam? Anyway after registering , what else we need to do? The T&C kinda hard to read

TQ
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Not much to do. If you have ambank credit card and u use a lot, that would help. Every rm50 spent gives 10 entries. Same as deposits.. each 2k is 50entries.

However, 4.1% 12mth is not eligible for this campaign... Only their campaign FD rate is eligible....

So, the whole campaign thing is not attractive....

This post has been edited by ProxMatoR: Jul 18 2017, 04:22 PM
ProxMatoR
post Jul 18 2017, 08:14 PM

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Yeah, I reckoned the campaign thing with the staff... even Branch Manager too.... well, they use different approach for campaign... hahahha
ProxMatoR
post Jul 18 2017, 08:25 PM

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QUOTE(bbgoat @ Jul 18 2017, 08:18 PM)
No, I did not receive any SMS on that campaign promo. Maybe I did not have any credit card with them yet, just applied for AmBank free Visa Infinite 2 weeks ago.
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Paiseh, OOT, did u apply for the WMC? No forex rate charge, and 5x points lei
ProxMatoR
post Jul 19 2017, 11:22 AM

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QUOTE(gsc @ Jul 19 2017, 10:59 AM)
To join the campaign, either spend or save. Placement of FD is considered as saving. If i am not mistaken for every rm2000 you are entitled to 50 entries. But you need to register first.
This is the bonus of placing at Am bank

4.2% for 12 month for premier customer.
Monthly interest if above 50 years old (Am bank has the lowest age limit for senior citizen)
Bonus draw

Whoever get the lucky draw, please let us known.
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Yes, u are right, u get 50 entries for every RM2000. but, 4.2% & 4.1% rate is not eligible for this campaign.....
ProxMatoR
post Jul 19 2017, 12:59 PM

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QUOTE(okuribito @ Jul 19 2017, 12:57 PM)
that means every RM10K, get 250 entries, right?

bugger ... i place RMxx,000 for the 4.1% they only gave 5 "BONUS" entries - damn generous lah    bangwall.gif

tongue.gif
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U got bonus entries for FD? Or is from credit card expenses... lol

Bank staff said 4.1 or 4.2 is not eligible for this campaign....

ProxMatoR
post Jul 19 2017, 06:42 PM

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QUOTE(jojolicia @ Jul 19 2017, 02:41 PM)
just checked walk-in OTC at noon today.

CIMB-I>12mth@4.0%/pa
HLB-I>12mth@3.95%/pa
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Is that Hlb-i? Means e-FD? If yes, now promo 4.17% 7mth till tomorrow.... And 4% from 21st till month end.... I guess that would be better than 3.95?
ProxMatoR
post Jul 19 2017, 08:49 PM

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QUOTE(bbgoat @ Jul 19 2017, 08:46 PM)
Received call from AmBank branch's ABM. Their 12 mth FD 4.1/4.2% (for their PB) has reached 85% quota. So those that want to go for the promo need to hurry !  biggrin.gif
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Did u ask if this is available for the car campaign? hahahaha
ProxMatoR
post Jul 27 2017, 10:43 AM

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QUOTE(MeToo @ Jul 27 2017, 10:40 AM)
Strange dont see this on the Maybank2u website... only shows the e-FDI 3.69% promo...

Is it over the counter only (which will suck)
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Yeah I guessed that too... Either that, or the IT Dept is slow... hahaha
ProxMatoR
post Jul 27 2017, 12:57 PM

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QUOTE(MeToo @ Jul 27 2017, 11:42 AM)
eh but seriously 3.9% for 6 months I'm in... i have few maturing in 2 days so wanna whack this one  drool.gif
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Yeah, not bad comparing to 4% 7mth...

QUOTE(Deal Hunter @ Jul 27 2017, 12:01 PM)
Don't complain about bank IT dept slow ( quite normal, otherwise what for look at this forum for rumours?). But then even the first page here is not updated yet unless somebody manage to photograph the Maybank memo to counter staff and post it here (maybe they won't like that) before flyers and webpage come out. Too much inefficient misplaced emphasis on beauty standard instead of communicating info early, compared to say UOB Medan Pasar KL which will come out with fast, clear and adequate simple info. Just shows what kind of management and objectives.
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Yeah, not complaining or saying they are inefficient.... They not only doing for FD promo updates tho.... more than what can be seen by us...
ProxMatoR
post Jul 29 2017, 04:33 PM

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QUOTE(Turnip @ Jul 29 2017, 01:08 PM)
Hello, newbie here,
These fixed deposit savings, i don't really get it, when it says 12 months tenure, does it mean i have to wait 12 months, and the profit will appear?

What happens after 12months after that(after profit appear)? Do i have to renew my FD again?

Or could i just let the money stay there.
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tenure means the period of time to lock down to earn that high interest. when will get the interest, it depends by the FD T&C. Typically 2 types, monthly interest, or upon maturity...

For maturity (after tenure), you can either withdraw, or it will auto renewed. If you placed your FD with promo rate, auto renew will be based on board rate.

So, usually we don't auto renew, but change different FD, either different bank, or approach bank to get new promo rate with top-up some capital...

This post has been edited by ProxMatoR: Jul 29 2017, 04:34 PM
ProxMatoR
post Jul 29 2017, 07:22 PM

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QUOTE(FirstOne @ Jul 29 2017, 06:49 PM)
Why does walk in place FD have higher rate than online FD ~.~
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Not always ah....

But walk in has something to do with each branch KPI.... So that says the reason... hahaha
ProxMatoR
post Jul 31 2017, 12:30 AM

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QUOTE(FirstOne @ Jul 30 2017, 10:48 PM)
I see. Thanks for the info.  Well for people like me I'm just lazy to walk in to bank in every month just to place FD  sad.gif
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Why every month? Every maturity of FD u mean?
ProxMatoR
post Jul 31 2017, 09:46 PM

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QUOTE(Kamen Rider @ Jul 31 2017, 11:25 AM)
Question when i placed a FD in HL bank branch A, upon maturity , can i withdraw in branch B? ..... if it said, maturity on 31-Jul-2017, means today i can go and take out the money?
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so far with my experience, yeah... you can withdraw on that day, but not for e-FD tho...

and AFAIK, it depends whether it is open end or closed end tenure...
If open end means placement date is same as maturity date, e.g. 15th to 15th
closed end e.g. 15th to 14th



QUOTE(DIYHOMEFIX @ Jul 31 2017, 08:02 PM)
If need KPI  better higher the FD RATE. minimum place like 10k if can  laugh.gif

Any FD got 5 %intrest but minimum 10k placement  ? hmm.gif
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hahaha, 5% is very very high with just min 10k placement.. I guess it may come soon.... year end or early next year... hahahaha

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