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

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c64
post Sep 30 2021, 09:34 PM

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QUOTE(Garysydney @ Sep 30 2021, 09:04 PM)
My PBB fpx limit is rm100k - maybe you need to call the bank. I checked my Maybank and fpx limit is set at rm100k as well.

If you transfer money out of PBB using Duitnow, the max per transfer is rm30k. When i need to transfer 50k out from PBB, i have to do 2 batches (one for 30k and then another 20k).

Hope it helps.

P's: i am holding a RCB (Red Carpet Banking) card with PBB and also a Maybank Privilege customer - don't know if this affects our limits for online and fpx transfers.
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I think so. I am Maybank Privilige Customer, can do 100k limit, only normal banking account with PBB. Anyway, I make sure all my PBB eFD not more than 20k per day....lol

c64
post Oct 1 2021, 07:20 AM

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QUOTE(gchowyh @ Oct 1 2021, 12:15 AM)
Ya, the secure thingy was setup successfully but when comes to the transfer of more than 10k in the apps, it does not prompt me to authorize at all.
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Hmm, that is weird, because it works for me. I never use their web page to do any transactions as its simply impossible to transfer money!
c64
post Oct 10 2021, 09:40 AM

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So many sales this month. biggrin.gif

Update #1:
Hmm...just now try to place FD at Bank Mualamat 12mth@2.6%. Transaction failed....damn weekend this bank nobody working. Memang Bank Mamat.

Update #2:
Still can connect to Hotline on weekend. But the kek thing is....you can only place FTA (Their eFD) during office hours. Mon-Friday (9am to 6pm).

I didn't know computers also demand human rights to work during office hours only. Bank Mualamat is so Humanitarian.

QUOTE(??!! @ Oct 5 2021, 12:20 PM)
MBSB

2.4% 12 months
2.5% 18 months
2.55% 24 months

Monthly interest available for deposits more than 12 months
Messaged MBSB if there's any FD promo, the answer is NO.

However, above was offered for renewal (upon request).
According to the manager, the rate is subject to branch and amount of placement.
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Only today i first time heard about this MBSB bank.. sweat.gif..i must be outdated...lol.

This post has been edited by c64: Oct 10 2021, 11:57 AM
c64
post Oct 10 2021, 04:31 PM

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QUOTE(mavistan89 @ Oct 10 2021, 04:27 PM)
So troublesome with all the promotion, only for e-fd. If one were to place 2mil, it require many transaction
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if you have RM2 mil in single account in a bank, pretty sure can talk to bank for a good rates. But i would rather split it to many banks for RM250k PIDM protection.

This post has been edited by c64: Oct 10 2021, 04:32 PM
c64
post Feb 4 2022, 09:40 AM

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QUOTE(michaelchang @ Feb 3 2022, 10:41 PM)
U must be very young. FD rate do not have such clause and have to pay the rate agreed until maturity.

I'm in the world top 1%, I think, I put more FD than the rice u eat... lol
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I agree...i put a couple of FDs every month at least....so far, rates as expected. Where got decrease wan. This is FD. Not bitcoin. LOL. Then why you say it's SCAM earlier? Now you contradict yourself? hmm.gif

But i am not in world top 1%...not even top 99%. Ayam poorfag. People, don't burn me ok.

QUOTE(guy3288 @ Feb 3 2022, 10:21 PM)
seems like people expect OPR to increase meaning FD rate will increase, that is why people going for short term FD now.
I am going for the online HLB TIA 6 months 2.58%, heard from forumners here HLB kept to their rates and paid them as promised.
That is a terrible word, SCAM!
looks like you have not put enough FDs with banks and never realised that clause is always there with any promotional rates announcement.
It just means when OPR changes bank can change their FD rates despite earlier they  published higher rates.

It wont affect those who have already placed their FDs!! apa mahu takut?


people dont go for  that 2.6% rate is because  dont want to be tied down longer period as they feel FD rates will go up, not becos it is SCAM lah!
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This is correct.

This post has been edited by c64: Feb 4 2022, 09:52 AM
c64
post Mar 4 2022, 09:46 AM

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QUOTE(Human Nature @ Mar 3 2022, 04:39 PM)
Ah what a downer. Maybe have to wait for second half for any upward movement.
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After GE. Now GE coming. Don't wanna stir honest nest.
c64
post Mar 4 2022, 09:47 AM

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QUOTE(cybpsych @ Mar 4 2022, 06:33 AM)
hlb revised their efd

Fixed Deposit (FD) Promotion, EFD Promotion - Hong Leong Bank
3 mths - 2.15%
6 mths - 2.25%
12 mths - 2.35%
18 mths - 2.50%
24 mths - 2.75%
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Lower already...haiz...i have lots of eFDs maturing today and next few days. sad.gif
c64
post Mar 4 2022, 09:51 AM

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QUOTE(Chrono-Trigger @ Mar 3 2022, 08:55 PM)
haiyo, if interest go up, my loan repayment / mortgage also going up  sad.gif  sad.gif  sad.gif
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Most people in this thread have little debt or no debt, i think...interest shoots up, everyone tepuk tangan.
smile.gif

If got money dump into mortgage to reduce loan instead of FDs.
c64
post Mar 4 2022, 12:49 PM

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QUOTE(Chrono-Trigger @ Mar 4 2022, 10:49 AM)
What do you think of putting money in EPF instead of mortgage ?

EPF 5-6%
Loan 3-4%

still a net gain of 2 %
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Depends on your age and your need for cash liquidity. Dump into your mortgage, you still can withdraw if you need the cash. Dump into EPF, you will only get 30% of that from account 2 and you need to meet the requirements if you want to withdraw.
c64
post Mar 4 2022, 12:50 PM

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QUOTE(John Chaser @ Mar 4 2022, 11:53 AM)
I like this idea. Got too much liquid cash on hand, don't want to keep it circling in FD or short term storage.
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The russian roulette game is getting tiresome after a while. dry.gif
c64
post Mar 4 2022, 01:49 PM

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QUOTE(Chrono-Trigger @ Mar 4 2022, 01:46 PM)
What sort of requirement is needed to partially withdraw EPF account 2 after reaching 50 ?

I heard can do transfer online to some nominated bank account number?

p/s sorry a bit off topic in FD forum
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Sorry, i meant is if you not reached 50, then you have to meet the requirements, example, education, finance house etc. If 50, you can sapu all Acc 2, but only one shot, cannot suka suka withdraw like ATM. Only after 55 you can treat it like ATM.
c64
post Mar 4 2022, 02:00 PM

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QUOTE(Chrono-Trigger @ Mar 4 2022, 01:50 PM)
OMG, you mean after 50 cannot choose to withdraw for example 50,000 at one time?

Need to empty all the account 2 ??

EPF wants us to work until 55 la macam tu... tongue.gif
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No no no. Means you can only withdraw one time. You can withdraw any amount, but only one time. So if you have withdraw 50k, then you need to wait until you are 55.

https://www.kwsp.gov.my/member/withdrawals/partial/age-50

You can double check and ask EPF online. I read it, and this is what i understand.
c64
post Mar 5 2022, 08:09 AM

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I just realized something with RHB eFDs today...penipu scammer. You can't withdraw today on maturity day, if you withdraw today, will kena Term cancel penalty. If withdraw tomorrow will kena lose one day of interest after they auto renew.

Other banks auto renew also allows me to withdraw with no penalty on maturity date and I don't lose any interest.


RHB=Really Horrible Bank
c64
post Mar 5 2022, 10:43 AM

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QUOTE(rojakwhacker @ Mar 5 2022, 08:27 AM)
Today is your RHB e-fixed deposit maturity day? Try again later, probably after 9-9.30 AM. If not mistaken, there might have a cut off time to withdraw on maturity day.
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Yeah, u r right. Earliar i use mobile got this penalty nonsense. Just now i use PC, no more already. Done. Thanks!

QUOTE(cybpsych @ Mar 5 2022, 10:22 AM)
use Uplift instead if Withdraw
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It's withdraw, not uplift. Ngam ngam today. In the Uplift section, can't see this FD.

I was just scare suddenly i withdraw, they rip off all my interests. I made sure the payout amount is correct and took a photo just in case.

Thanks.
c64
post Mar 5 2022, 07:17 PM

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QUOTE(Chrono-Trigger @ Mar 5 2022, 11:47 AM)
best 1 month FD rate is affin ?

2.05% 1 month eFD.

Any bank offer any higher rate for 1 month?
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Just dump into KDI Save for 1 month lah. This month most banks FD rates not very good. I have moved some cash to KDI Save today.
c64
post Mar 8 2022, 11:45 AM

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QUOTE(Afterburner1.0 @ Mar 8 2022, 11:37 AM)
Any fees that will be charged for KDI Save that  know of?
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Nope. No fees. You can find out more info in the KDI Investment/Savings thread

https://forum.lowyat.net/topic/5243436

Take Note: Don't put money in wrong Account. KDI Save yah, not KDI Investment.

This post has been edited by c64: Mar 8 2022, 11:46 AM
c64
post Mar 23 2022, 06:41 AM

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QUOTE(Jwkhor @ Mar 23 2022, 12:35 AM)
U can try, but i think only when u qualify for preferred/privilege/premier watever its called, can u request for preferential rates.
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Hmm...I have never try that before. Honestly...I think just stick to promotion rates...i doubt whatever you nego can be better than the promo rates. Unless maybe you have a few millions to dump in?
c64
post Mar 23 2022, 06:48 AM

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QUOTE(oldkiasu @ Mar 20 2022, 04:08 AM)
With the ongoing war in Ukraine, is there any likelihood of an increase in the rate other than in Russia? What do our economists think? Is the price of bread and flour going up, or are our fertilizer prices affected for rice and palm oil or veges other than petrol?
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I believe rate hikes is inevitable. US is going to have 6 rates hike this year, market now all ready for it. Whole world will follow. Resistance is futile.
c64
post Mar 23 2022, 06:55 AM

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QUOTE(adele123 @ Mar 22 2022, 07:21 PM)
Ok this is the answer i need.

Problem now is... It's actually of 2.71% compounded 2 years. I cannot think of it as 2.75% effective. 2 years still too long.
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Just a suggestion...have you look at Money Market fund like KDI Save? It's 3% daily compounded promo until end of the year (which will revert back to 2.25% after that, or whatever ever the normal rates is by then). Seriously better than FD. Just bear in mind there is no PIDM protection. But I guess it is no difference than putting money in Bank Rakyat (no PIDM). You can diverse some funds there. You can also withdraw your money with just a one day wait period. Better than FD as emergency fund source with no loss of interests.
c64
post Mar 23 2022, 02:44 PM

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QUOTE(oldkiasu @ Mar 23 2022, 02:24 PM)
Will US still do rates hike, or even EU? Isn't this all outdated old stories and plans before Ukraine invasion? Are US rates hikes still considered the right thing to do nowadays? What is the reasoning behind it? Wouldn't it be more likely that they become paralyzed and dither about rates hike when asked to decide in present situation and possible near future economic situation?

For BNM and Malaysia politicians influenced policy, one working perception is very simplistic. Don't do anything if possible, change only if forced to do so in reaction to other countries changes, keep the borrowers happy, savings and FD savers are mainly non B40 and non-oren rich fags and thus no wish to raise rates for them.

Please advise if have any evidence/opinion/survey/analysis that the people, bankers or economic pundits do not hold to the above perception about how BNM and politicians actually make decisions, so that realistic plans/strategies can be made about what to do with Malaysian funds.
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https://www.reuters.com/world/us/fed-policy...ion-2022-03-22/

It's basically confirmed. Market has rebounded and preparing for the expections.

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