Fixed Deposit Rates In Malaysia V. No.15

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

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frozz@holic	Jul 20 2018, 09:28 AM Return to original view \| Post #21
Casual Junior Member 438 posts Joined: May 2008	QUOTE(ikanbilis @ Jul 19 2018, 05:56 PM) Nowadays I only place online FDs.. i would take a lower rate for convenience. I always do OTC as rate are mostly higher than online. why do low when you can do high rate easily. OTC takes less than 30 mins (yea my place here has most banks with not much people) unless maturity date fall on the period where i am on a biz trip then i'll do online.
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frozz@holic	Jul 20 2018, 11:13 AM Return to original view \| Post #22
Casual Junior Member 438 posts Joined: May 2008	QUOTE(kit2 @ Jul 20 2018, 09:35 AM) you can foretell the dates of your trips one year in advance? meaning when maturity coming like maybe in a week or so and i have to fly then of course i do online FD cause impossible to walk-in right ? get it ? if i can predict the future i will be sitting on a throne in my own kingdom already pal.
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frozz@holic	Aug 10 2018, 12:11 PM Return to original view \| Post #23
Casual Junior Member 438 posts Joined: May 2008	QUOTE(guy3288 @ Aug 9 2018, 07:00 PM) i told the manager my CIMB bonds will likely be called back on 5.10.18 old 4.7% FDs many maturing soon, what can he offer... see the agressive current promo 4.5% and 4.3%, you know they need money. cukup makan aja.. do they offer such rates if I only want 12 mths max 15 mths period ? or because you lock long period with them then only able to enjoy that rates ?
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frozz@holic	Sep 4 2018, 01:52 PM Return to original view \| Post #24
Casual Junior Member 438 posts Joined: May 2008	QUOTE(David_Yang @ Sep 3 2018, 03:35 PM) Did 3 month @ CIMB for 4.1%. Islamic, but my money has no religion. Or all religion i am looking for quick FD for small amount and this looks good, do they have a minimum amount or any amount and unlock to all customer ?
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frozz@holic	Oct 3 2018, 09:29 AM Return to original view \| Post #25
Casual Junior Member 438 posts Joined: May 2008	QUOTE(coca^cola @ Oct 2 2018, 07:36 PM) Ambank 12months 4% wow they drop interest again ... at 4% it's no where near competitive, i have 1 with them @4.4% place back in july '18
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frozz@holic	Oct 10 2018, 05:37 PM Return to original view \| Post #26
Casual Junior Member 438 posts Joined: May 2008	QUOTE(Wong Kit yew @ Oct 10 2018, 01:30 PM) According to the news today, Hong Leong Bank will only offer short term FD only. 12 months and longer tenures FD will not be offered from now on. I think it has too much cash flow. any reason given ? are they trying to say they have too much cash ?
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frozz@holic	Oct 16 2018, 11:09 AM Return to original view \| Post #27
Casual Junior Member 438 posts Joined: May 2008	QUOTE(pearl_white @ Oct 12 2018, 08:21 AM) Under the old system, FD is taxed at source (called withholding tax) at 10%. So, if you put in RM1million, and supposed to get say RM50000 as interest, you get RM45k only. RM5k deducted automatically. It was exempt if the FD is less than RM100k per piece, so in those days, depositors put many pieces of FD not exceeding RM100k each. As for RPGT, CGT and Inheritance tax, good luck to ya all...It is good if you could read up how inheritance tax came about tho..... so we are under new system now right ? how does the new system works for under and above 100k ? or whatever the limit is now.
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frozz@holic	Oct 16 2018, 02:50 PM Return to original view \| Post #28
Casual Junior Member 438 posts Joined: May 2008	QUOTE(cherroy @ Oct 16 2018, 11:15 AM) There is no new or old system. I urged every forumers to post responsibility, it is needless to speculate whether there is witholding tax being introduced or not, which only make some unnoticed forumers confuse only. Until (if) gov does announce something on it or having reliable sources of it, only then we discuss on the matter. Currently, there is no witholding tax for whatever amount of FD. End of story. thanks for clearing it up ... was a little taken aback when i saw his/her post. i sincerely hope they don't implement it at all. This post has been edited by frozz@holic: Oct 16 2018, 02:50 PM
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frozz@holic	Oct 18 2018, 02:26 PM Return to original view \| Post #29
Casual Junior Member 438 posts Joined: May 2008	Just did some banking saw at Ambank 12m 4.35 - 4.4% (got some t&c i think din't ask) Affin 12m 4.4%, fresh only, 10k min HLB 6m 4.0% (the standard they got nothing interesting)
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frozz@holic	Oct 23 2018, 11:15 AM Return to original view \| Post #30
Casual Junior Member 438 posts Joined: May 2008	QUOTE(??!! @ Oct 22 2018, 05:44 PM) Affin 12 months 4.45% -fresh fund - 10-20k FD - earmark RM 500 CASA 3 months - 21-50k FD - earmark RM 1000 CASA 3 months which branch ? the one i go to at K.kemuning only have 4.4% @12mths
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frozz@holic	Oct 31 2018, 02:31 PM Return to original view \| Post #31
Casual Junior Member 438 posts Joined: May 2008	does CIMB have SA with online account but does not need to have/get atm/debit card. basically basic account with online features without atm card.
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frozz@holic	Nov 1 2018, 09:39 AM Return to original view \| Post #32
Casual Junior Member 438 posts Joined: May 2008	QUOTE(cybpsych @ Oct 31 2018, 02:53 PM) when i opened my CIMB BSA (w/o Fee) recently, not possible. QUOTE(alexanderclz @ Oct 31 2018, 04:54 PM) u need a debit card to use cimbclicks Thanks a bunch guys, I know not possible just ask to double confirm because if I remembered correctly there is 1 bank someone here mentioned you can use online facilities with only a no fee basic account without any card what-so-ever, was it Ambank i think ? 1 question here when banks mentioned "fresh funds" if we IBG into from bank B into bank A (SA) then from there into bank A FD on same day or next is it considered "fresh funds" ? or do we need to cash OTC ? lazy take cash due to danger and 25k declare limit now.
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frozz@holic	Nov 7 2018, 09:53 AM Return to original view \| Post #33
Casual Junior Member 438 posts Joined: May 2008	QUOTE(DonutZai @ Oct 25 2018, 05:41 PM) In regards to this, I decided to make my own Android app as I personally split into multiple short term FD. Do let me know if this is inappropriate to be shared here and I will remove immediately. PlayStore link Nice app with simple straight to the point GUI however there is on flaw happen to found. under the calculator tab everytime you want to input an amount logically you clear all and then input your amount but the instant you clear the standard amount the whole app crash instantly. kinda annoying. but when you clear all numbers except 1, input your amount then clear that 1, all works fine. I think your coding side have to account for not zero (0) but blank amount too. that aside nice app. btw whats the latest good FD promotion rates ? so far 4.4% @ 12mth affin cimb 4.5% @ 6 mths (got condition)
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frozz@holic	Nov 21 2018, 09:49 AM Return to original view \| Post #34
Casual Junior Member 438 posts Joined: May 2008	Does all the banks in Malaysia practice the "branches has the power to give own FD rates" thingy ? so far i know Ambank & affin does this.
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frozz@holic	Dec 5 2018, 03:00 PM Return to original view \| Post #35
Casual Junior Member 438 posts Joined: May 2008	QUOTE(BoomChaCha @ Dec 5 2018, 02:26 PM) Your colleague is right. I just called Am bank, 4.4% for 6 months is available for senior citizens only. So, the best rate for 6 months is CIMB OTC at 4.45% Anybody knows which bank offers the best rate for 3 months? RHB has one --> 4.38% @ 3mths click here not sure is the best or not. funny thing is i can't see it online during FD placement page This post has been edited by frozz@holic: Dec 5 2018, 03:06 PM
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frozz@holic	Jan 15 2019, 09:29 AM Return to original view \| Post #36
Casual Junior Member 438 posts Joined: May 2008	QUOTE(Deal Hunter @ Jan 14 2019, 08:06 PM) p01m12 4.4% min 10k FF for Islamic OTC. QUOTE(mrhseinpingq @ Jan 14 2019, 09:25 PM) last time Maybank used to have 5 months, 4.00% in Nov 2018. Bye Bye Maybank, all money out, left RM 1.00 AM bank 4.4% 12 months both above are good rates and since it's not stated i take it as normal offer and not only for preferred correct ?
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frozz@holic	Feb 24 2019, 07:06 PM Return to original view \| Post #37
Casual Junior Member 438 posts Joined: May 2008	» Click to show Spoiler - click again to hide... « QUOTE(BoomChaCha @ Feb 22 2019, 07:09 PM) OCBC - 4.20% 12-mth or 4.00% 6-mth FD/-i Min RM10K . End date 31/3/2019 Bank Islam 'Go 7' - 4.65% 24-mth. Minimum RM 50k. (@enriquelee) RHB - 4.38% 12-mth. Min 10k. End date 18/3/2019 (@enriquelee) HLB - 4.3-% 6-mth eFD or OTC - 08 JANUARY 2019-28 FEBRUARY 2019 (@ProxMatoR) MBSB - 4.48% 12-mth. Min RM28,888, 4.18% 6-mth. Min RM18,888, 4.08% 3-mth. Min RM8.888. End date 31/5/2019 (@dudester) Affin Bank - 4.05% 12-mth, 4.25% 15to60-mth (@Wong Kit yew) AmBank - 4.28% 8-mths (@jack2) UOB FD Plus Promo, all come with monthly interest, min RM10K - 4.2% for 12 months, 4.15% for 7 months, 4.00% for 4 months.(@boomchacha) If you do not want monthly interest or if you do not want to open a saving account, then ask for Islamic FD Alliance Bank, min RM 10K - 4.2% for 3 months (@cybpsych) Hong Leong Bank 4.5%pa 3 months tenure for Astro Subscriber (@a.lifehacks) https://www.hlb.com.my/en/personal-banking/...-fd-bundle.html TnC refer pdf Attached File(s) Attached File hlb_cny_astro_3_month_fd_bundle_tnc_en.pdf ( 245.41k ) Number of downloads: 5 HLB - 4.38% for 12 months (for both eFD or OTC), 4.18% for 3 months eFD, 4.15% for 3 months OTC - 08 JANUARY 2019-28 FEBRUARY 2019 (@cybpsych) -- New added Am Bank - 4.25 for 12 months Conventional, 4.3% for 12 months Islamic (@boomchacha) -- New added CIMB - 4.2% for 12 months (@syhuang) -- New added Affin Islamic is 4.49% for 18months (20k to 200k). Every 6months interest deposit. For 5k or 10k required for CASA will get 4.55% (@Gary1981) -- New added very nice list there, however would like to ask a little bit more ... is there anymore promotion on 3 months FD other than the above ? thanks ahead as i have 2 expiring next week and these ones i am not looking to lock any more than 3 months.
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frozz@holic	Feb 27 2019, 10:02 AM Return to original view \| Post #38
Casual Junior Member 438 posts Joined: May 2008	» Click to show Spoiler - click again to hide... « QUOTE(Deal Hunter @ Feb 26 2019, 05:46 PM) BANK ISLAM GO 7 % ROLLOVER PROFIT neil888 # 10410, BoomChaCha # 10412, michaelho # 10413, dudestar # 10414. Do you towkays ever bother to read the latest Terms and Conditions for the 2019 Bank Islam GO 7 %. You cannot read it directly since it is pdf file download. Please do not make the mistake of downloading the mid 2018 TnC. Dear Shylocks, I have read through the 2019 version and frankly taking things in a very literal legalistic manner, there is not the slightest indication that the profit after each 3 month cycle can/will be added to the principal. Please refer to clause 6.3. You should try to understand the message although the Malay and the English versions cannot be said to be accurate translations of each version or outstanding examples of clarity. Maybe they need it to be written in Arabic? You may also note that if the profit is added to the principal after each 3 month cycle, the effective rate is more than the advertised 4.65%. (Just add all the 8 cycle rates and divide by 8 for the 4.65%). Would it not make more sense for bank Islam to advertise the much higher effective rate with profit add on instead? Did anybody even bother to think why Bank Islam can be so stupid? well you beat me to it, so far I have not seen any pure vanilla FD in Malaysia that has compounding interest. (would be great to invest into one) you know the saying if it is too good to be true .......
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frozz@holic	Mar 13 2019, 05:30 PM Return to original view \| Post #39
Casual Junior Member 438 posts Joined: May 2008	BI open small FD no need to go through "interview" right ? plan to put 1 small one to "warm up" before putting big one with them. also the 25k cash rule is 25k and below no need to declare correct ? or is it 25k and above ?
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frozz@holic	Mar 14 2019, 05:04 PM Return to original view \| Post #40
Casual Junior Member 438 posts Joined: May 2008	just did one FD at BI, long story short - super slow service (when at non peak hour) - short period & small amount also got hit by the infamous "interview" also was told uplifting has to be done at the same branch, inconvenience there.
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