They credit you the interest rate based on full 4.5% including the extra 2 days over weekend? Never know Ambank 1.5 years ago had the 4.5%, I thought only PB and BI...

For PB, same as you mature on 8th June. They will give the 2 weekend days (need to request) based on board rate instead of promotional rate.

I don't think BI can give monthly, but do keep us updated.

LOL you summed up my experience in BI. Seriously funny how BI and MBSB operate. This special 4% sometimes can get, sometimes cannot. Sometimes need fresh fund, sometimes don't need. I suspect depends on the mood of the people in HQ.

But BI confirm for me is better than MBSB. MBSB doesn't give full 4% plus if FD matures over weekend no carry over.

Initially I thought you are trolling, now I realize you really want to know. Kind of strange. Your MBSB FD Cert should have the profit amount, aka interest accured at maturity. Use that to divide against your principle and you will get 3.99xx%, unless your old MBSB cert doesn't have that.

Yes. Since the 4% promotion is direct full FD.


Why do I need to calculate again? I accept the fact 3.99% is based on the leap year 366 days. And what mistake did I make? I never reply to your post but to cclim because he wants to know why it is 3.99%. The fact is MBSB for this promotion gives only 3.99% nett and if their calculation is correct so be it. Most people would assume to get the full 4% since the placement date is after Feb 29th. I don't see why this thread has to be so argumentative.

And why do I have to use your cert to make a point? I don't care if you get 4.4% or whatever.

What are you talking about? What favour I bring them. Initially I find it funny cclim doesn't know how to calculate that's why I thought he is trolling. So I am telling him how to calculate why people got the 3.99% that's based on 365 days. Clearly MBSB is using 366 days hence only 3.99% (based on 365 days). Why is it such a big issue?

Bank Islam offers 4.0% to those who successfully requested like myself, they pay me the FULL 4.0% based on 365 days and even paying me the weekend days if maturity falls on a weekend. Thus all my money now goes to Bank Islam. In case you don't understand the logic, if I place on FD with BI and MBSB (both 4% same amount same maturity date), I will get more money back with BI.

So now do you understand or in more distress after my post? Or still confused due to the lengthy arguments in this thread? If you still do not understand, let me help you. If Bank Islam can offer you 4.0% then go for it. Because you get the full 4.0% based on 365 days calculation plus additional weekend days if maturity falls on them. BI will make the maturity date to the next working day, MBSB for this promotion will just credit everything to your CASA on maturity day.

Still don't understand or in more "distress" like what the guy3288 is saying, then I stop posting and let other experts explain.

Seriously toxic.

Answer is 399.xx. If you place in BI you will get 400.

Hmm... I had to dig out my very post on MBSB rate. I noticed it is 3.9925% instead of 4% based on taking the interest given divide by the principle. I believe some folks after that explained why it is only effective 3.9925% based on leap year calculation and I never comment after that since I understood why effective only 3.9925%. As I said then, the highest at the moment was that. Take it or leave it. Not sure why a good gesture reply to cclim can turn into something this toxic.

Seriously dude, it is either you are a troll or you have issue with that sexandiknowit guy and took it out on my post. I don't need you to explain to me why i am getting effective 3.9925% based on what my FD Cert states. I already replied I know why. If you have a beef with someone else I appreciate you reply that someone instead of me.

This is a FD thread where we try to help each other to get the best deal. I really wanted to help cclim (if he is not trolling) to understand this 3.99% and how we got it. What's wrong with me saying I get only 3.99% based on my cert information? Why do I need to be responsible to explain for MBSB? A lot of guys already put in their analysis on the 366, not enough? I have no beef with that. The effective rate we get is indeed 3.9925%. Nothing wrong with that. Effective rate you understand right?

Seriously I am a bit fed up. You seem to want to have the last word yet you don't understand the logic of your rambling should be to someone else and not to my post. Don't you think your argumentative nature is becoming a toxic to this thread? And to make matter interesting, it is someone else who first explained the 366 days calculation. Not you. And you are only unhappy because someone says/infer MBSB is cheating.

Enough already man. You don't have to tell me how FD works. Let's keep this FD thread informative and not argumentative please.

You seem to be objective and speaks from TnC. Yes I am never disputing the fact that MBSB if they use 366 divisor give me 4%. No question about that. I am speaking from the immediately reaction I get when I see the expected interest rate divided by principle which gives me 3.9925% effective. Have you guys recently placed FD with MBSB and BI?

Now why can't I say that? I am not saying MBSB cheated me or whatever. Effective rate based on 365 days return is 3.9925%. Or is it because I omitted the "effective" word?

I give you a real life example but I am not going to spend more time on this topic by posting my FDs.

I placed both MBSB and Bank Islam in May period, both same 365 days period 1 year. Based on rm10000. MBSB gives me effective only rm399.25 after 1 year (365 days). Real example. So I can't say MBSB give me only 3.9925%? Is it ok to you and guy9288 I say effective rate 3.9925%? Or I must say MBSB give me 4%? If MBSB give me 4% but only give me rm399.25. BI give me the full rm400, so BI give me 4.xx%?

Using the example above I disagree it is slandar and I do acknowledge based on the TnC the effective rate of 3.9925% is calculative based on the 4% on a leap year.

Why you guys need to get so technical about that? So next time I want to share information in this forum, I must be so technical? Tell people I get MBSB 4% and BI also 4% but MBSB follows 366 days? Is that it? I might as well don't post. People want to know the effective return over the same 1 year period right?

OK even though I get rm399.25 from MBSB, they give me also 4%. Now BI gives me rm400, also 4%. Next time write like this happy?

Wow I never expect something so trivial can turn into such laborious discussion. Again don't confuse me with others who might infer MBSB is wrong or cheating. That's not my purpose.

The notion effective rate is gone and I feel my points are being twisted. Would it be ok to put effective rate 3.9925?

Whatever lah. Let's move on and stop here.