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

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sirius2017
post May 18 2023, 04:23 PM

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QUOTE(joeblow @ May 18 2023, 04:00 PM)
I suspected so since Feb is short month. Anyway I lazy to go compute and can only trust the bank not to miscalculate.
Thank you for the info. This is an interesting point. Previously when I placed, the maturity date fell on Sat and I can only suck thumb. But today I placed 1 FD and instructed them to make the maturity date on 20th May 2024. Initially they claim it is system generated, but I think can be manually override. Depends on the person who key in the system I think. So yeah please instruct them and check for the dates yourself. For your case I think you either use Rentas or Bank Cheque right?

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I did an online fund transfer from another bank a/c (matured FD, roll over rate only 2.85%) in the morning today to my BI saving account. I did have an BI saving a/c with Online Internet ID.

Btw, I did try to do an online placement for BI FD 12 months. Rate given is only 3.10%. So, promptly cancel and head to the BI branch. Teller confirm this 12mth 4.5% is only available OTC.
sirius2017
post May 18 2023, 04:30 PM

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QUOTE(romuluz777 @ May 18 2023, 01:20 PM)
Is BI covered by PIDM ?
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PIDM coverage is up to RM250K per depositor per member bank.
If the bank had conventional and Islamic product, there is a separate 250K insurance limit for these categories.

PIDM FAQ


sibeh hoseh
post May 18 2023, 04:34 PM

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QUOTE(CommodoreAmiga @ May 17 2023, 07:21 AM)
Can goes either way. No sure win.
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Seems like wait also a risk if the rate go down further

Have no other options but to just go ahead with the best possible rate now

Thanks
sibeh hoseh
post May 18 2023, 04:34 PM

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QUOTE(AVFAN @ May 17 2023, 10:03 AM)
nobody knows.... central bankers can change their minds anytime.

US Fed guys previously alluded to no more hikes but latest comments are hawkish, possible another hike coming in June.

BNM... RM now at 4.52x... depreciating 0.5% every week.... u decide if BNM will raise in July...
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Heard that England is ready for another push in rate soon
BWassup
post May 18 2023, 05:42 PM

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QUOTE(joeblow @ May 18 2023, 02:55 PM)
No sir, 6 months at BI I don't know what's the rate. I meant 6 months ago I put in 1.5 years at 4.4% fresh fund otc. After 6 months they pay me interest but it is a little bit short of 4.4% for 6 months...

I better post less to have less misunderstanding...
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You got many people excited for nothing bro! tongue.gif

But don't stop posting cool2.gif
nexona88
post May 18 2023, 05:58 PM

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QUOTE(BWassup @ May 18 2023, 05:42 PM)
You got many people excited for nothing bro! tongue.gif

But don't stop posting cool2.gif
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I'm one of them...

Now back to BSN 6m then 😜

MBSB also out....
Because it's for auro-renew FD
BWassup
post May 18 2023, 06:08 PM

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QUOTE(nexona88 @ May 18 2023, 05:58 PM)
I'm one of them...

Now back to BSN 6m then 😜

MBSB also out....
Because it's for auro-renew FD
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Did you ask MBSB already, cannot get 4.25%? Make a lot of noise maybe they will give ranting.gif I mean, it's not fair to you
BoomChaCha
post May 18 2023, 06:39 PM

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QUOTE(cclim2011 @ May 18 2023, 04:04 PM)
hello. long no update. someone reminded.
didnt follow much coz was pursuing BI only lol. let mr know on any promotion to update.

user posted image
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Bank Rakyat is 3.95% 12 months
BWassup
post May 18 2023, 06:46 PM

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QUOTE(cclim2011 @ May 18 2023, 04:04 PM)
hello. long no update. someone reminded.
didnt follow much coz was pursuing BI only lol. let mr know on any promotion to update.

user posted image
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Think the RHB 3 & 6 month promo rates ended in April, quota full. Can someone confirm?
rocketm
post May 18 2023, 08:25 PM

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QUOTE(cclim2011 @ May 18 2023, 05:04 PM)
hello. long no update. someone reminded.
didnt follow much coz was pursuing BI only lol. let mr know on any promotion to update.

user posted image
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Can include CIMB efd
https://www.cimb.com.my/en/personal/promoti...fd-efria-i.html

eFD/eFRIA-i Tenure Campaign Rates (% p.a.) Minimum Deposit Placement Amount
Three (3) Months 3.58% p.a. RM1,000
Six (6) Months 3.88% p.a. RM1,000
Twelve (12) Months 3.95% p.a. RM1,000
adele123
post May 18 2023, 08:45 PM

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QUOTE(frankliew @ May 12 2023, 12:38 PM)
RHBFD Promotion
11/5/23 to 15/6/23
Premier
Min 10k - 9 month 4.05%

Non Premier
Min 5k - 9 month 3.95%

Online - coming soon
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QUOTE(cclim2011 @ May 18 2023, 04:04 PM)
hello. long no update. someone reminded.
didnt follow much coz was pursuing BI only lol. let mr know on any promotion to update.

user posted image
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As above

QUOTE(BWassup @ May 18 2023, 06:46 PM)
Think the RHB 3 & 6 month promo rates ended in April, quota full. Can someone confirm?
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sirius2017
post May 18 2023, 08:56 PM

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QUOTE(BWassup @ May 18 2023, 06:46 PM)
Think the RHB 3 & 6 month promo rates ended in April, quota full. Can someone confirm?
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Ya, this RHB 3M @ 4.00%, 6M @ 4.10% no longer available for online eFD online placement. Prior last month, was available.
Campaign period supposedly up to 31/7/23. Probably quota full.
adele123
post May 18 2023, 09:41 PM

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QUOTE(sirius2017 @ May 18 2023, 08:56 PM)
Ya, this RHB 3M @ 4.00%, 6M @ 4.10% no longer available for online eFD online placement. Prior last month, was available.
Campaign period supposedly up to 31/7/23. Probably quota full.
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4.05% for 3 months actually. The expiry was 31 may based on original.

But yes, ended.
cclim2011
post May 18 2023, 11:19 PM

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thanks for the input ya. updated as below.

let's promote bank islam 4.5 haha

none of the cimb officers in the branch knew about this 4.5%

user posted image
SUSguy3288
post May 19 2023, 01:34 AM

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QUOTE(nexona88 @ May 16 2023, 10:37 AM)
Personally
I don't think another hike next meeting
It's very close to previous unexpected hike....
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Interbank interest rate keep going down.... from 3.57 when OPR was up 0.25

all the way down so fast....



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sirius2017
post May 19 2023, 07:10 AM

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QUOTE(cclim2011 @ May 18 2023, 11:19 PM)
thanks for the input ya. updated as below.

let's promote bank islam 4.5 haha

none of the cimb officers in the branch knew about this 4.5%

user posted image
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HLB TIA is actual an investment product, not a deposit product as per HLB product disclosure sheet.
The principal and returns of the investment are not guaranteed and placements are not covered by PIDM.

HLB TIA Product Disclosure Sheet

cybpsych
post May 19 2023, 09:07 AM

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QUOTE(cybpsych @ May 18 2023, 07:42 AM)
same same  rclxms.gif

saved my time from moving fund around

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seems like eTD will auto-extend to next working day if maturity falls on weekend

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nexona88
post May 19 2023, 09:08 AM

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QUOTE(guy3288 @ May 19 2023, 01:34 AM)
Interbank interest rate keep going down.... from 3.57 when OPR was up 0.25

all the way down so fast....
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One of the reasons why the FD rates is not very interesting 😔
weidasdnbhd
post May 19 2023, 10:36 AM

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QUOTE(sirius2017 @ May 18 2023, 04:23 PM)
I did an online fund transfer from another bank a/c (matured FD, roll over rate only 2.85%) in the morning today to my BI saving account. I did have an BI saving a/c with Online Internet ID.

Btw, I did try to do an online placement for BI FD 12 months. Rate given is only 3.10%. So, promptly cancel and head to the BI branch. Teller confirm this 12mth 4.5% is only available OTC.
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Hi,
So do you mean you have SA with BI, you just transfer fund from another bank to BI, and you go to BI to place a FD at 4.5% without bringing any cash or cheque as the fund was deducted from your SA?
CommodoreAmiga
post May 19 2023, 10:51 AM

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QUOTE(weidasdnbhd @ May 19 2023, 10:36 AM)
Hi,
So do you mean you have SA with BI, you just transfer fund from another bank to BI, and you go to BI to place a FD at 4.5% without bringing any cash or cheque as the fund was deducted from your SA?
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Yes. That's what i do for most banks including BI.

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