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

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lowdensity
post Sep 18 2017, 03:50 PM

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QUOTE(deathTh3Cannon @ Sep 18 2017, 03:36 PM)
newbie here, let say i park X amt at FD for 6 months.. after the 6 months, the X amt + interest will be transferred back to normal account ?
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usually, for the FD promotion type, you may need to visit to branch to withdraw the principle amount.

usually, yes, the interest is automatically credited into your saving account.
lowdensity
post Sep 26 2017, 08:46 AM

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QUOTE(csbong87 @ Sep 26 2017, 07:48 AM)
HL Bank, Sep 4.1% 1.5 years
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the tenure is getting longer to entitle higher rate.
lowdensity
post Feb 2 2018, 01:44 PM

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QUOTE(blank_slate @ Feb 1 2018, 06:30 PM)
Just placed my fd at HLB but thinking whether should I withdraw my earlier placement with HLB (which one will mature on March and one is matured few months later with 4.0 interest rate). Any thoughts on this?
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QUOTE(okuribito @ Feb 1 2018, 07:01 PM)
think about the interest you WON'T get if you withdraw before maturity. Then you will know what to do LOL
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if holding Islamic FD HLB, as long as more than 3 months then the bank will calculate the interest but not sure the detail calculation.
lowdensity
post Feb 9 2018, 08:50 AM

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QUOTE(rainbird @ Feb 8 2018, 11:57 PM)
Must be Muslim then can place this FD?
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Syariah compliance product.
Any citizen is allowed to purchase the product.
lowdensity
post Feb 9 2018, 12:50 PM

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QUOTE(rainbird @ Feb 9 2018, 08:59 AM)
Just curious, how about Islamic housing loan?
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same, syariah loan and can be purchased by any citizen.
lowdensity
post Feb 23 2018, 05:50 PM

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QUOTE(Afterburner1.0 @ Feb 23 2018, 03:58 PM)
Noob Question: If i wanna put my money into a new bank for FD purposes, what is the best quickest way to transfer my money from my old bank? Pls advise.
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Banker Cheque is the best if you do not have bank account in new bank.

Applying banker cheque payable to yourself has to queue and wait and pay for the bank charges for each cheque.

For sure, this is considered a new fresh fund for any new bank.
lowdensity
post Feb 24 2018, 12:04 PM

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QUOTE(Afterburner1.0 @ Feb 23 2018, 06:22 PM)
How much does Maybank charge for a bankers cheque?
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Ranging between 5.45 and 7.00.
forgot the actual amount.
lowdensity
post Mar 1 2018, 07:45 PM

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QUOTE(HenryJay @ Mar 1 2018, 04:43 PM)
how about cash?
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definitely, but you can't withdraw from counter and place back to the same bank counter.

be careful of doing with cash.
lowdensity
post Mar 5 2018, 10:50 PM

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QUOTE(henrylee02 @ Mar 5 2018, 07:34 PM)
Is there any Public Bank FD Promo is running in this march?
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QUOTE(a.lifehacks @ Mar 5 2018, 09:44 PM)
Yes, there is one.

Fresh Fund Min. RM10k
6 months tenure at 4.08%pa
12 months tenure at 4.28%pa

Promo period: from 1 February 2018 to 30 April 2018

Eng TnC

BM TnC
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It is monthly interest debit into your saving account.
lowdensity
post Mar 6 2018, 06:37 AM

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QUOTE(faradie @ Mar 6 2018, 06:27 AM)
FYI, in banking terms, debit yr account means charge and credit is income to account holder
Not meant to criticise but a little bit of addtnl knowledge never harms!
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ok.
lowdensity
post Mar 14 2018, 10:27 PM

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QUOTE(sl3ge @ Mar 11 2018, 10:25 AM)
Hi guys,
can recommend place to parking which pay interest daily?

Meaning if less than 1mth take out also give interest..
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that's called repo
minimum 100k
lowdensity
post Mar 23 2018, 11:19 AM

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- deleted -

This post has been edited by lowdensity: Mar 24 2018, 12:48 AM
lowdensity
post Mar 23 2018, 01:26 PM

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- deleted -

This post has been edited by lowdensity: Mar 24 2018, 12:49 AM
lowdensity
post Mar 24 2018, 12:47 AM

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QUOTE(sandkoh @ Mar 23 2018, 01:45 PM)
you sure? read newspaper said, no tax for fd interest. even mod here said the same.
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QUOTE(Cookie101 @ Mar 23 2018, 02:02 PM)
More than 1m from FD interest?

Far far from that. No need worry then.
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My mistake. The new act since year 2008 has stated an individual resident in Malaysia is exempted from income tax which is derived from deposit interest.

Income Tax Act 1967 PDF

INCOME TAX (EXEMPTION) (NO. 7)
ORDER 2008

Malaysia Tax
lowdensity
post Mar 26 2018, 07:39 PM

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QUOTE(alexanderclz @ Mar 26 2018, 03:08 PM)
just got the answer. islamic can't. for those who wants to open savings acc for efd purpose better choose conventional.
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can we withdraw fd electronically ?
lowdensity
post Aug 31 2020, 02:34 PM

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Is the coming announcement on 3/Sep will amrnd the OPR which may be in FD rate cut?
lowdensity
post Sep 11 2020, 03:06 PM

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QUOTE(nexona88 @ Sep 11 2020, 11:11 AM)
2 different opinions 😩😔
So basically it's 50/50
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remained.
lowdensity
post Oct 28 2020, 09:02 AM

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Another "expecting" adjustment in OPR?

https://www.theedgemarkets.com/article/anot...t?type=malaysia
lowdensity
post Mar 1 2021, 08:54 PM

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QUOTE(Deal Hunter @ Feb 27 2021, 03:04 PM)
Now that EPF declared 5.2 % for Simpanan Konvensional and 4.9 % for Simpanan Shariah, is there hope for FD promo rates to rise?
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5.2 to advise contributors to avoid account 1 withdrawal.


lowdensity
post Oct 27 2021, 08:12 PM

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QUOTE(michaelchang @ Oct 24 2021, 10:41 PM)
Luckily he still possessed the FD cert. Imagine if the FD are without cert and bank argues that he transferred the $$ out himself.

This is scary as many banks nowadays do not issue FD cert
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QUOTE(ronnie @ Oct 24 2021, 11:29 PM)
Definitely a loophole in that "international" bank that allows the Private Banker to "uplift FDs" without owner's knowledge.

As Fox Mulder says "Trust No One"
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Meaning PIDM does not cover in this case then as it is "international" bank.

Even if it covers, the maximum only quater.

"The maximum limit of coverage is RM250,000 per depositor per member bank."
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