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

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gsc
post Dec 26 2018, 03:55 PM

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QUOTE(xcxa23 @ Dec 26 2018, 08:57 AM)
Thanks all for the reply..
The uncle seems to believe 3.3% on board FD will much better than chasing promo rate

If got chance, I will try to ask the uncle explain why he think so..

I was skeptical as well with his claim but he's old timer, like 60+ which he have much more experience. Hence trying to ask much clearer clarification. This thread also got many knowledgeable ppl.

Once again. Thanks
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very simple. Both board rate and promo rate are compounded.

Auto renew on board rate is auto compound by bank.

Promo rate is also "compounded" except you have to deposit the interest yourself into whichever bank gives the best promo rate.

Assume FD is RM1000, board rate 3.3 and promo rate 4.5

Board rate compound
Year 1 FD 1000, Interest 1000 x 3.3 % = 33
Year 2 FD 1033, interest 1033 x 3.3%.....

Promo rate compound
Year 1 FD 1000, Interest 1000 x 4.5 % = 45
Year 2 FD 1045, interest 1045 x 4.5%.....
gsc
post Dec 28 2018, 05:11 AM

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QUOTE(1282009 @ Dec 26 2018, 07:17 PM)
Nop, I was at the branch. Its for everyone but if snr, then the interest can be creditted monthly instead of at end of tenure.

So end up I went for the longer tenure at UOB.
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Only senior saver will get 4.4%. Did you make any placement and get 4.4% ?
gsc
post Dec 28 2018, 05:12 AM

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QUOTE(kochin @ Dec 26 2018, 05:37 PM)
i thought it's ratio of 1:4?

say
50k in current account and assuming 1st 20k nets no interest , subsequent 30k nets 1.8% p.a. 135 / quarter

200k nets 6% p.a. = 3,000 / quarter

total return = (3000+135) / (250000) x 4 quarter = 5.02% p.a?

latest current promotion they drop it to ratio of 1:3 which obviously make it worst but still higher than 4.8% easily, no?
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The one I took is 1:3.
gsc
post Jan 1 2019, 12:42 AM

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QUOTE(LickGuy @ Dec 31 2018, 06:51 PM)
went to cimb in the noon, supposedly wanna place FD 6m@4.4/4.5%pa like others
but then one of the manager approach me & offer me PCA + 3m FD @ 6%
condition like below
- PCA 25% of fund, rest 75% goto FD
- FD is 3m @ 6%pa
- PCA 1st 20k 0%, after that 1.8%pa... if got alot (like 2mil+) can get 3%
then she write alot until i so confused
tell me the average out punya pa i get is 4.83% if i opt for this method
then got islamic & conventional (islamic can pay dividen in advance???)
end up i opt for her proposal and take the conventional PCA + FD,
but they ran out of ATM/debit card so i just get slip... since there's incident on cimbclicks ... i guess at this moment i just go OTC for everything dulu ahahah

wanna ask all the finance sifu here... does her proposal really better than just take 6m FD @ 4.4/4.5? I went to HLB they offer the same CASA + FD@6(new) or 6.18(old cust), but then the distribution is like 10k FD + 7.5k CASA ... wanna ask for more detail, they just give me the face like no bother ... so i didn't bother also.
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For 200k (FD + PCA), effective rate is 4.77% (50k in PCA, 1.8%)
For 480k (FD + PCA), effective rate is 4.97% (120k in PCA, 2.25%)
or 2 millions (FD + PCA), effective rate is 5.1% (500k in PCA, 2.5%)

Opening a PCA with another 10k, will entitle to RM188 cash bonus. But I think this offer end 31/Dec
gsc
post Jan 1 2019, 12:44 AM

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QUOTE(1282009 @ Dec 28 2018, 03:09 PM)
The branch offered me but I decided to go for longer tenure in uob. I am below 50.
Same with my case somehow. The online page only reflected my new fd the following day but the value date start from the day I opened the fd so no complain from me as well.
Yes I can confirm UOB interest counts by day. I placed my fd on 26th Dec  2018 and maturity on 29th Oct 2019 (10 mths). I don't mind coz they pay interest till 28th Oct 2019.
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UOB is the best bank in terms of printing the interest clearly on the statement. All banks pay interest based on day.

QUOTE(beLIEve @ Dec 31 2018, 01:37 PM)
I've the same problem here, but instead of Tuesday, I uplift on Monday (today). Due on Saturday 2 days ago. They didn't give me any interest for this 2 days. I called their CS and was informed that I won't get any interest because it's automagically renewed on Saturday.

From the statement above, it's clear that interest will be given if uplift on Monday. Anyone managed to get it automagically without a big complaint?
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Last month Dec, I reminded the counter staff on weekend FD maturity. She did include the weekend interest for me.

Am bank promo till 6/1/19

No change
3 mth 4%
6 mth 4.2%
12 mth 4.3%

Senior saver no longer available.
gsc
post Feb 10 2019, 07:21 PM

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Feb promo.

http://www.misterleaf.com/11111/february-f...sNG628.facebook


Attached thumbnail(s)
Attached Image
gsc
post Mar 26 2019, 03:04 AM

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[quote=bbgoat,Mar 25 2019, 10:38 AM]
Received CIMB RM update:

6 mth Islamic FD now 4.2%, dropped from 4.4% last week.
12 mth Islamic FD 4.0%

fresh fund, min 10k, rate could change anytime
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supposed to make the placement last week, but was busy......now want to transfer out from current preferred account also not possible as it is not linked .....CIMB very troublesome, need to go to counter to link
gsc
post Apr 1 2019, 01:50 PM

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QUOTE(hammerjit @ Mar 29 2019, 10:18 AM)




[b]MBSB
4.48% 12-mths. Min RM28,888. End date 31/5/2019 (@dudester)
4.18% 6-mths. Min RM18,888. End date 31/5/2019 (@dudester)
4.08% 3-mths. Min RM8.888. End date 31/5/2019 (@dudester)
4.55% 24-mths. Min RM100K. Monthly interest. Must open current/SA account for new customer. (@hammerjit)



** Guys - Just update this info as and when you have new findings.
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MBSB 4.48% still available?
gsc
post Apr 2 2019, 02:28 AM

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QUOTE(hammerjit @ Apr 1 2019, 02:42 PM)
just pass by melaka MBSB the promo still shown....
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thank you

QUOTE(chinkw1 @ Apr 1 2019, 02:40 PM)
Just went to Ambank Subang Jaya, staff there says AmBank 12 mth 4.35% expired on Mar 31.

No more promo now.
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till 7/4

3 mths 3.9% (drop .1%)
6 mths 4.1% (drop .2%)
12 mths 4.25% (drop .1%)

QUOTE(David83 @ Apr 1 2019, 05:43 PM)
I think you missed my point.
I was saying that MBSB shouldn't use excuse of not implementing ATM withdrawal because they don't have the hardware (mainly ATM machine).
They can utilize the pure MEPS ATM machine or any banks ATM machine that using MEPS network by paying certain licencing fee to MEPS (PayNet).
With that, MBSB should abosrb the RM 1 withdrawal fee of its customer.
This will create customer convenience and satisfaction.

P/S: If you get what I meant.
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MBSB is focusing on internet banking rather than on ATM ..

In line with its digital transformation journey, MBSB Bank is investing around RM250 million over the next 15 months to build up its capabilities. It plans to launch fintech capabilities in the third quarter in partnership with third parties, and internet banking by the year-end.

While other banks are also focusing on digital capabilities, he says MBSB Bank has an advantage. “I think we are more agile and can do things faster because we don’t have the legacy of a big branch and ATM network … we have just 46 branches. I’m starting fresh, so I can do things in an easier, cheaper way.”

https://www.theedgemarkets.com/article/mbsb...ed-islamic-bank
gsc
post May 7 2019, 02:00 PM

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QUOTE(BoomChaCha @ May 6 2019, 11:24 PM)
Top 11 FD Promo - Updated 6th May 2019

Above 12mths
(1) Affin 4.40% for 15 months. Min RM 10K. This is board rate
(2) AM Bank 4.3% fresh fund for 12 months -- For priority customers only -- New added
(3) Affin 4.15% for 12 months. Min RM 10K. This is board rate
(4) Bank Rayat 4.25% for 24 months. This is board rate
(5) OCBC 4.10% for 12 mths
(6) Bank Rakyat 4.10% for 12 mths. This is board rate.
(7) Negotiate with MBSB 4.52%pa RM 50k quarterly interest for 24 months (or 18 months) approved by HQ on 2nd May 2019 (@neil888)

Below 12mths
(1) Bank Islam 4.4% for 6 months. Min RM 5k. Available until 30th June 2019
(2) HLB 4.2% eFD for 6 months. Min RM 10K. Available until 30th June 2019
(3) CIMB 5.00% 3-mths. The deposit earmark for CASA/-i and the FD/FRIA-i placement at Special Rate 5% p.a. for 3 months is at a ratio of 1:3
(4) Bank Islam 4.2% for 3 months

For more details on bank FD promo, click on spoiler

» Click to show Spoiler - click again to hide... «


[attachmentid=10239995]

Footnote - Best effort basis info displayed based on user sharing info. Please check with respective bank for confirmation. Please feel free to update/add/delete.
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Am bank rate
12 months no special rate
9 months/6 months 3.9%
3 months 3.65%

gsc
post May 7 2019, 02:07 PM

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QUOTE(X_hunter @ May 6 2019, 05:53 PM)
you mean tomorrow I go UOB and take out the money by cheque? then direct go bank in to MBB?
then the day after tomorrow go MBB take out the money by cheque again, and direct go to UOB to open FD?

How much will the cheque cost? and will it take few days to clear the cheques?
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if you have personal cheque, in the morning rentas UOB FD to your cheque issuing bank and at the same time use your personal cheque open FD at UOB.
gsc
post May 7 2019, 02:08 PM

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QUOTE(hammerjit @ May 7 2019, 02:07 PM)
any supportinig http link?
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received whatsapp message from Am bank
gsc
post Jun 4 2019, 04:33 PM

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QUOTE(bbgoat @ May 31 2019, 05:59 PM)
The AmBank branch I used said no FD promo, the FD promo u mentioned kind of low. UOB 3.96% is better than AmBank.

Affin service rather slow from the branch I used as well. Their system seems to be slow other than the human factor.
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Saw one member mentioned

(3) UOB 4.10% for 12 months, with monthly interest
gsc
post Jun 4 2019, 07:01 PM

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QUOTE(bbgoat @ Jun 4 2019, 06:19 PM)
Just checked my record, I placed for UOB FD on 14/5 for 12 mth 4.10%. After that I heard they dropped to 3.96%. Now dropped again to 3.93%.
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RM called up to say meet her this Friday as my FD will be matured on 6/6. Asked her 4.1% for 12 months and she said no longer available. She said 3.9X...cant remember exactly the number
gsc
post Jun 5 2019, 05:39 AM

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QUOTE(bbgoat @ Jun 4 2019, 08:02 PM)
The day I placed the 4.10%, I was told will be dropped soon. Luckily caught it on that day.

UOB RM also called me and even invited to attend a Legacy talk in hotel.

Now the major banks FD offer are not that good. Better ones seems to be Affin. I have nego'ed with BR. Have to wait till Friday to see if can get better rate than Affin 4.23%.
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I think MBSB will start promo after Raya or later on as it depends on FD for their loans
gsc
post Jun 7 2019, 01:13 PM

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QUOTE(bbgoat @ Jun 4 2019, 06:19 PM)
Just checked my record, I placed for UOB FD on 14/5 for 12 mth 4.10%. After that I heard they dropped to 3.96%. Now dropped again to 3.93%.
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Today go the bank for DD placement. You are right, 3.93% for 12 months. Monthly interest.
gsc
post Aug 7 2019, 03:27 PM

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QUOTE(Deal Hunter @ Aug 7 2019, 02:50 PM)
Verbal Answers from Some Banks on Tuesday 6 August 20i9.

All  promo offers requiring minimum RM 10,000 fresh fund per OTC FD placement unless otherwise mentioned.

Proposed Last day of FD promo may be overtaken by early ending due to promo target reached earlier, etc.

Affin Islamic Bank located together with Affin  Bank till 31 December 2019.but  target reached and closing at some branches.
p663m15 at 4.23 % Islamic TD-i.

Affin Bank by itself or with Affin Islamic Bank at same location.
p663m15 at 4.48 % conventional FD. Ratio CASA 10: FD 90. ER = 4.48 x 9/10 = 4.032 %.

Affin Islamic Bank by itself.
p663m15 at 4.23 % Islamic TD-i.. CASA require RM 1,000. Locked 3 months according to branch I went to for update.

All Affin branches offer normal board rate of 4.15 % beginning from 13 months with 6 monthly payment of interest.

Ambank
No OTC promo.
p0m10 at 3.38 % eFD from 3 August to 30 September 2019.

Bank Islam
No promo.

Bank Muamalat
No promo.

Bank Rakyat
p01m7 at 3.98 % TD-i till 15 October 2019.
p01m11 at 4.28 % TD-i till 15 October 2019.

CIMB
p06m at 4.00 % until further notice (UFN)

HLB
p0m6 at 3.70 % till 31 August 2019.
p16m12 at 3.80 %. till 31 August 2019.
p0m3 at 3.70 %  eFD.

HSBC
No promo for Normal customer.
p0m6 at 4.00 %. Minimum 10k. Advance customer with credit card and online banking, max 100k..
p0m6 at 4.00 %. Minimum 10k. Premier customer with credit card and online banking, max 200k..

MBB
No promo.

MBSB
No promo.

OCBC
p0m6 at 3.55 % till 31 August 2019.

PBB
p0m3 at 3.45 % till 30 September 2019.
p0m6 at 3.60 % till 30 September 2019.
p0m6 at 3.60 % eFD.

RHB
p0m10 at 3.90 % Conventional and CMD-i till 30 September 2019.
p0m10 at 3.50 % Conventional and CMD-i eFD.

UOB
p1m4 at 3.65 % till 31 August 2019.
p1m7 at 3.75 % till 31 August 2019.
p1m12 at 3.85 % till 31 August 2019.
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Am bank
*Limited FD/TD Tranche*
*6 mths @ 4.00%*

✅ *Effective Date: 7 Aug 2019*
✅ *NO APPROVAL REQUIRED*

1⃣ *Product:* FD & TD
(except Quantum/-I, Afdal & MTIA)
2⃣ *Eligible Customers:* SPB and Retail SME
3⃣ *Min placement:* RM10k
4⃣ *Min criteria:* CASA with min RM10k

RM500mil pool, on first come first serve basis. While stock last!!
gsc
post Aug 7 2019, 07:44 PM

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QUOTE(Mollai @ Aug 7 2019, 07:43 PM)
Hi guys.. im sorry if I’m asking a stupid question.. but i recently noticed maybank changed their premature withdrawal tnc this year. The new policy is any premature withdrawal without notice will not be paid for interest. May I know if other banks practice the same? Because i dont really like this term and planning to shift my fd to other banks.
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All other banks have similar penalties
gsc
post Aug 7 2019, 07:57 PM

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QUOTE(MakcikLum @ Aug 7 2019, 05:25 PM)
May I know what is  SPB ?
There is a condition --> "CASA with min RM10k"
How much CASA need to locked ?
Sorry for long winded  tongue.gif
Thank you in advance.  laugh.gif
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Min 10k in CASA but need not to be locked in.
It is for signature priority banking customers.

Cimb 6 month also 4% .
gsc
post Oct 1 2019, 11:43 AM

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QUOTE(aeiou228 @ Sep 30 2019, 09:07 PM)
"Renewed" at 3.98% few days ago. But got to give UOB a 3rd party bank personal chq and then OTC IBG the FD fund back to the 3rd party bank. Have to do it in the morning though.
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is UOB promo still on? Tq
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