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

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bbgoat
post May 28 2017, 08:40 AM

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QUOTE(gchowyh @ May 27 2017, 11:20 PM)
I still got at 4.2% preferred customer rate on this past Thursday (25 May) with monthly interest
*
I was in CIMB to withdraw earlier placed 4.2% FD (placed 2 weeks ago). The counter girl told me that. 2 weeks ago the BM called me saying the 4.2% will be dropped, which I reported here. But she asked me to call her to get the 4.2% rate. Have also reported here 2 weeks ago. Anyway as I am not interested in the 4.2%, so did not talk to the BM or RM. Friday CB FD/UT combo of 9.99% FD 3 mths. Monday going for Bank Muamalat 4.5% !

Until Muamalat drop the campaign, then may enquire with CIMB again. They are the next highest for 12 mths FD ! biggrin.gif

QUOTE(ProxMatoR @ May 28 2017, 02:30 AM)
for citibank, it is new to bank citi gold or priority you are saying? If yes, it is now terminated wef 1st of June.
reference: http://www.citibank.com.my/global_docs/pdf...riority-NTB.pdf
*
Ya, I have said they are ending by May 31st. So I caught it on Friday before they end the campaign ! rclxms.gif

QUOTE(gsc @ May 28 2017, 04:03 AM)
Citi Gold qualification is 400k but no harm to explore if you have 250-300k.
*
Doubt if they will entertain 250-300k. They have raised the AUM to 400k, don't think they will accept 300k. Previously before going to 400k, they allow old Citigold customer to maintain <300k. Now they are asking ALL to go to 400k or above or risk cancellation. biggrin.gif

This post has been edited by bbgoat: May 28 2017, 09:45 AM
chicaman
post May 28 2017, 12:43 PM

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QUOTE(bbgoat @ May 28 2017, 08:40 AM)
I was in CIMB to withdraw earlier placed 4.2% FD (placed 2 weeks ago). The counter girl told me that. 2 weeks ago the BM called me saying the 4.2% will be dropped, which I reported here. But she asked me to call her to get the 4.2% rate. Have also reported here 2 weeks ago. Anyway as I am not interested in the 4.2%, so did not talk to the BM or RM. Friday CB FD/UT combo of 9.99% FD 3 mths. Monday going for Bank Muamalat 4.5% !

Until Muamalat drop the campaign, then may enquire with CIMB again. They are the next highest for 12 mths FD !  biggrin.gif
Ya, I have said they are ending by May 31st. So I caught it on Friday before they end the campaign ! rclxms.gif
Doubt if they will entertain 250-300k. They have raised the AUM to 400k, don't think they will accept 300k. Previously before going to 400k, they allow old Citigold customer to maintain <300k. Now they are asking ALL to go to 400k or above or risk cancellation.  biggrin.gif
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For Citibank 9.99% FD 3 Months, whats the catch & risk? 400k minimum?
ikanbilis
post May 28 2017, 12:48 PM

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QUOTE(chicaman @ May 28 2017, 12:43 PM)
For Citibank 9.99% FD 3 Months, whats the catch & risk? 400k minimum?
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Anything greater than 5% must be bundle with UT, insurance or something else

Nom-el
post May 28 2017, 04:11 PM

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QUOTE(Deal Hunter @ May 27 2017, 10:53 PM)
After so many years, most people already understand what you wrote and quite understand and accept that bank can lose or lower profit under Islamic.
thus affecting profit and even the question of capital. After all, want to gain more must be willing to risk more. What is so problematic or difficult to understand or accept about that even if end up risk sharing with a not so well performing or dubiously managed bank?

The major fear actually is not the risk regardless with or without PIDM or any other arrangement, or profit rates but about the "etc" - that is, changing the rules of the game.

"This is one of the reasons why people fear to use Islamic products as they fear they will get the worse of any dispute as banks usually have fine print to get away with changing rates etc. ---THIS "ETC" COVERS A LOT OF HISTORY -- hope not repeated but plenty of scope to do other new stunts

This had happened before and will happen again as everybody knows for an unarguable and proven fact that Islamic Banking is a work in progress and the authorities and religious people are still playing around with various ways.

The latest version of this kind of thing is Maybank latest Islamic changes. Actually I had been affected in their previous change of the game so I am not bothered with propaganda or claims as I know what is the score and operational risk very well. I still use Maybank Islamic products, but will have to adjust again like previously - troublesome. History repeats when do not get the point about what people/previous victims/customers  really understand better.  rclxub.gif
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I admit Islamic banking goes through more changes as it is relatively new compared to conventional banking. However, none of the changes affect the rates & rights of existing Islamic FD placements until maturity or the next renewal date. I am talking about Islamic deposit accounts here. Islamic investment account is a different ball game though. What "ETC" are you talking about here? Please give an example of how have you been negatively affected in the past by these changes?

Speaking about the latest changes to Maybank Islamic, they only apply to Islamic investment accounts, NOT Islamic deposit accounts. All Islamic FD and CASA are not affected at all. Only GIA-i & the other Mudarabah accounts are affected.

mklovestephy
post May 28 2017, 05:37 PM

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http://www.maybank2u.com.my/mbb_info/m2u/p.../PRO-Promotions

maybank are doing e-ifd/fd campaign
6 months 3.69% p.a
12 months 3.83% p.a
minimum fund placement 10k
ycs
post May 28 2017, 06:05 PM

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anyone know if MBB still issue bankers cheque? need to transfer funds to muamalat FD
ProxMatoR
post May 28 2017, 06:07 PM

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MBB (min 10k) (e-fd)
6mths 3.69%
12mths 3.83%

CIMB (min 10k)
6mths 3.9%
12mths 4.1%

Muamalat (min 100k)
12mths 4.5%

UOB (min 10k)
4mth 3.7%
6mth 3.9%
8mth & 12mth 4%

Ambank (Deal Hunter)
5mths 3.3% min 10k
10mths 4.1% min 200k (new to priority banking)
10mths 4.1% min 50k (existing priority banking)

HLB?

PBB?

OCBC (website) (min 10k)
9mths 3.85%
15mth 4%
Deal Hunter
post May 28 2017, 06:54 PM

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QUOTE(Nom-el @ May 28 2017, 04:11 PM)
I admit Islamic banking goes through more changes as it is relatively new compared to conventional banking. However, none of the changes affect the rates & rights of existing Islamic FD placements until maturity or the next renewal date. I am talking about Islamic deposit accounts here. Islamic investment account is a different ball game though. What "ETC" are you talking about here? Please give an example of how have you been negatively affected in the past by these changes?

Speaking about the latest changes to Maybank Islamic, they only apply to Islamic investment accounts, NOT Islamic deposit accounts. All Islamic FD and CASA are not affected at all. Only GIA-i & the other Mudarabah accounts are affected.
*
For the purpose of holding and building funds for operational FD transfers, I was persuaded to open GSA-i passbook account to get best monthly dividend in early 2015, but it turned bad shortly in June 2015 when it was re-organised.

Later, started using Premier Mudarabah Account as the best around with monthly dividend. The new Maybank changes into a 2-tier system will naturally affect how things work now.

Hopefully existing GIA placements will not be affected as claimed for temporary hold and transfer operations. New GIA placements have to evaluated against short term TD-i rates.

Naturally it is inconvenient and inevitable some losses during the time used for adjustment and re-organisation of working arrangements and cashflow plans.

bbgoat
post May 28 2017, 07:54 PM

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QUOTE(chicaman @ May 28 2017, 12:43 PM)
For Citibank 9.99% FD 3 Months, whats the catch & risk? 400k minimum?
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Short answer: risk is in UT portion. I won't go into FD/UT combo because of the FD promo. It is because I already wanted or need to buy the UT. U may already "lose" from the sales charge of UT. So the FD promo is just a good timing or sweetener at the time of buying UT. biggrin.gif

This post has been edited by bbgoat: May 28 2017, 07:55 PM
Deal Hunter
post May 28 2017, 08:51 PM

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QUOTE(ProxMatoR @ May 28 2017, 06:07 PM)
MBB (min 10k) (e-fd)
6mths 3.69%
12mths 3.83%

CIMB (min 10k)
6mths 3.9%
12mths 4.1%

Muamalat (min 100k)
12mths 4.5%

UOB (min 10k)
4mth 3.7%
6mth 3.9%
8mth & 12mth 4%

Ambank (Deal Hunter)
5mths 3.3% min 10k
10mths 4.1% min 200k (new to priority banking)
10mths 4.1% min 50k (existing priority banking)

HLB?

PBB?

OCBC (website) (min 10k)
9mths 3.85%
15mth 4%
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For your summary, I believe the PBB conventional and TD-i Step-up for 12 mths and RollOver for 9 mths mentioned on page 1 of this forum as running till 30 th June 2017 are still valid. Anybody got any new PBB developments?

For HLB, I was told by 2 different HLB branches staff on 19 and 22 May, but with 2 different sets of promos rates! I do not know if this meant that HLB had reacted and changed the promos as there is no document, or which is actually valid. However, I did not use their info as both sets of rates were not competitive as far as I was involved. HLB probably still got plenty of money from previous eFD promos (altho did not reach target), so unlikely to come out with interesting OTC promo. Anybody can confirm what is the actual newest HLB promo rate?

For Bank Muamalat FTA-i for individuals WLB! RI 1 (min 1k)
3 mths 3.4%
6 mths 3.6%
9 mths 3.7%
12 mths 3.8%

FTA-i for individuals WLB! RI 2 (min 100k)
12 mths 4.5%

Company rates not shown here. Info for those planning to get out of MBB GIA-i.

This post has been edited by Deal Hunter: May 29 2017, 12:18 AM
bbgoat
post May 28 2017, 09:21 PM

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CIMB 4.2% Islamic FD placed on 28/4 received monthly interest today. rclxms.gif

CB 3 mth 4.88% pure FD maturing tomorrow. But principal amount and interest already shown in online account. rclxms.gif

So tomorrow going to Bank Muamalat for the 4.5% FD !! biggrin.gif
verbatin
post May 28 2017, 10:08 PM

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thanks. i do not have an account with HSBC.

QUOTE(ProxMatoR @ May 28 2017, 02:30 AM)
for citibank, it is new to bank citi gold or priority you are saying? If yes, it is now terminated wef 1st of June.
reference: http://www.citibank.com.my/global_docs/pdf...riority-NTB.pdf

for hsbc, it is for new to bank hsbc premier you are saying? If yes, you will need to maintain 200k in the bank, else charges of 150 (i think) per month will be credited. not sure if this will be your concern.
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gchowyh
post May 28 2017, 11:16 PM

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QUOTE(bbgoat @ May 28 2017, 08:40 AM)
I was in CIMB to withdraw earlier placed 4.2% FD (placed 2 weeks ago). The counter girl told me that. 2 weeks ago the BM called me saying the 4.2% will be dropped, which I reported here. But she asked me to call her to get the 4.2% rate. Have also reported here 2 weeks ago. Anyway as I am not interested in the 4.2%, so did not talk to the BM or RM. Friday CB FD/UT combo of 9.99% FD 3 mths. Monday going for Bank Muamalat 4.5% !

Until Muamalat drop the campaign, then may enquire with CIMB again. They are the next highest for 12 mths FD !  biggrin.gif

*
Ya, after this i'll be going with Muamalat also since individual is allowed now, just that have to wait till end of June to have enough funds to put there.
Few things good about this CIMB preferred branch though, I don't have to wait till Wednesday to get the Wow gifts, free parking & good coffee similar to Ambank's tongue.gif

Now my only fear is the Maybank GIA promo, will check with my RM tomorrow.

This post has been edited by gchowyh: May 28 2017, 11:21 PM
wr6969
post May 29 2017, 07:31 AM

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QUOTE(gsc @ May 24 2017, 11:59 PM)
Need to go back to the branch you originally placed the FD.
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Thanks for the info notworthy.gif
kopifan
post May 29 2017, 08:30 AM

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QUOTE(gchowyh @ May 27 2017, 11:20 PM)
This is really bad news, I hope it does not affect the existing GIA promo accounts as I have until December before it matures!
Anybody knows?
I still got at 4.2% preferred customer rate on this past Thursday (25 May) with monthly interest
*
What is the criteria to be preferred customer?
Also must have current a/c?
Tqvm
LalaluSan
post May 29 2017, 10:04 AM

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QUOTE(mklovestephy @ May 28 2017, 05:37 PM)
http://www.maybank2u.com.my/mbb_info/m2u/p.../PRO-Promotions

maybank are doing e-ifd/fd campaign
6 months 3.69% p.a
12 months 3.83% p.a
minimum fund placement 10k
*
Just saw this today..
I remembered few thread back did mentioned on how to bypass the freshfund thinggy right for efd?

This post has been edited by LalaluSan: May 29 2017, 10:05 AM
Ruhielan
post May 29 2017, 10:07 AM

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Does anyone happen to know whats the ongoing promo in Hong Leong at the moment for Fresh Funds?
bbgoat
post May 29 2017, 11:59 AM

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QUOTE(gchowyh @ May 28 2017, 11:16 PM)
Ya, after this i'll be going with Muamalat also since individual is allowed now, just that have to wait till end of June to have enough funds to put there.
Few things good about this CIMB preferred branch though, I don't have to wait till Wednesday to get the Wow gifts, free parking & good coffee similar to Ambank's tongue.gif

Now my only fear is the Maybank GIA promo, will check with my RM tomorrow.
*
Ya, Muamalat earlier FD promotion for company account. I thought u have went in as company (director) account. biggrin.gif

Looks like will miss CIMB WOW gift for FD placement until such time Muamalat stopped the 4.5% promo. Though did collect CIMB Preferred Visa Infinite card last week. rclxms.gif

MBB GIA i, cannot use it to park temporary funds already (starting Aug 1st ?) ! sad.gif

QUOTE(kopifan @ May 29 2017, 08:30 AM)
What is the criteria to be preferred customer?
Also must have current a/c?
Tqvm
*
250k AUM for CIMB Preferred. No need current a/c. Any more question can post in the Priority Banking thread. biggrin.gif

This post has been edited by bbgoat: May 29 2017, 12:03 PM
kochin
post May 29 2017, 12:05 PM

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muamalat mobile banking.
repeat question.

are they mobile enough to visit individual to set up new fd through personal cheque?

am looking at options without monthly interest since lazy to set up new account to just receive it monthly.

anybody got any dealings with their jaya one, pj or jalan ipoh, kl branch so far?
pearl_white
post May 29 2017, 12:14 PM

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QUOTE(kochin @ May 29 2017, 12:05 PM)
muamalat mobile banking.
repeat question.

are they mobile enough to visit individual to set up new fd through personal cheque?

am looking at options without monthly interest since lazy to set up new account to just receive it monthly.

anybody got any dealings with their jaya one, pj or jalan ipoh, kl branch so far?
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Yes, they are. But you have to deal with the Kajang branch. PM if interested. I will give you contact.

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