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

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michaelchang
post Dec 16 2021, 06:19 PM

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QUOTE(Human Nature @ Dec 16 2021, 05:03 PM)
RM0 AmBank: AmSPB Exclusive! Enjoy 3.25%p.a. for 6 mths FD/TD-i in our combined FD/TD-i & CASA/-i offer! Min. amt: RM10K. T&C@ ambank.com.my/FBC
Ends 31/1/22

https://www.ambank.com.my/eng/promotions-pa...Bundle-Campaign
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Effective rate 2.25%
michaelchang
post Jan 18 2022, 07:04 PM

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QUOTE(Chrono-Trigger @ Jan 18 2022, 01:01 PM)
I remember in 2011, I put Ambank FD 5 years @ 4.5% pa. payment into CASA account every 6 months interest.

Good old days
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Don't need go back so far, late 2018, I place at Bank Rakyat 5 years FD @ 4.8% with monthly interest.

Interest rate will slowly increase these 2 years as Malaysia lose investors to neighbouring countries and Ringgit continue to devalue.



michaelchang
post Feb 3 2022, 04:31 PM

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QUOTE(cclim2011 @ Feb 3 2022, 11:39 AM)
nobody taking hongleong 2years kah. 2.8 quite good dy lo hahaha
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Because it's a scam.. they will revise rate when OPR change.. not transparent with table for changes = can change to whatever rate they like

michaelchang
post Feb 3 2022, 10:35 PM

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QUOTE(cclim2011 @ Feb 3 2022, 08:18 PM)
efd
not tia
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read T&C
michaelchang
post Feb 3 2022, 10:41 PM

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QUOTE(guy3288 @ Feb 3 2022, 10:21 PM)
yeah branch related. though i am very old BR customers, but no new FD deposits past 4yrs, cant be expecting hampers right.

seems like people expect OPR to increase meaning FD rate will increase, that is why people going for short term FD now.
I am going for the online HLB TIA 6 months 2.58%, heard from forumners here HLB kept to their rates and paid them as promised.
That is a terrible word, SCAM!
looks like you have not put enough FDs with banks and never realised that clause is always there with any promotional rates announcement.
It just means when OPR changes bank can change their FD rates despite earlier they  published higher rates.

It wont affect those who have already placed their FDs!! apa mahu takut?

people dont go for  that 2.6% rate is because  dont want to be tied down longer period as they feel FD rates will go up, not becos it is SCAM lah!
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U must be very young. FD rate do not have such clause and have to pay the rate agreed until maturity.

I'm in the world top 1%, I think, I put more FD than the rice u eat... lol
michaelchang
post Feb 4 2022, 09:05 PM

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QUOTE(N9484640 @ Feb 4 2022, 03:50 PM)
Went to AFFIN for their CNY offer. Want to put 12 months for 2.58% but what the heck - max is 250k only 🤦🏻‍♂️
Best rate they can give is 2.5% anything above 250k
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Affin today allow 24 months @ 2.71% OTC.
michaelchang
post Mar 21 2022, 02:18 PM

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QUOTE(enriquelee @ Mar 21 2022, 09:44 AM)
Hi all,
Do you all have any idea what is the differences among the following MBB i-fixed Deposit?
1) Maybank conventional fixed deposit
2) General investment account-i (GIA-i)
3) Prosperous Now! Account-i (PNA-i)
4) Islamic Fixed Deposit
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1 and 4 are almost the same (fixed deposit) where Islamic funds cannot be used to buy pork related products or give loans to non halal company tongue.gif

number 2 self explanatory, it's investment and u may lose all / part of your $$

number 3 no idea. Sounds like FD (islamic) but it says "trading" like trust fund.
michaelchang
post Apr 11 2022, 11:37 PM

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QUOTE(Human Nature @ Apr 11 2022, 10:20 PM)
Tbh, 3.55% sounds too good to be true.
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Yes, too many people did not read fine print nor ask clearly what are the terms and condition. I suspect it comes with investment requirement
michaelchang
post May 15 2022, 11:58 AM

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QUOTE(AndyMaurice @ May 15 2022, 10:27 AM)
Nice , my FD will be maturely next month in cimb bank. May i know how much can maximum put in affin fd ?
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Maximum per account are RM$100 million
michaelchang
post May 23 2022, 07:59 PM

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QUOTE(saintmikal @ May 23 2022, 05:50 PM)
Sidestep a bit,
HSBC is offering money at 1.88% p.a. from CC, max limit 95% of CC, max tenure 2 years.

So looking at it, the best offer seems to be (for now) the OCBC at 2.75% for 13 months. Nice way to make 0.89%or a little less (based on 1 year repayment) flipping. Hopefully, in a few more days, FD rates will go up and make it more meaningful.
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Read the fine print.. effective rate is not 1.88%

michaelchang
post Jun 2 2022, 11:15 PM

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QUOTE(Dkck @ Jun 2 2022, 12:57 AM)
user posted image

My colleague show me this but we got no time go over and ask for details. Someone nearby balakong area please get some details and share to us ya.

12M 3.92% was extremely high
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Most probably a one day promotion and comes with T&C

michaelchang
post Jun 12 2022, 12:59 PM

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QUOTE(1282009 @ Jun 12 2022, 11:09 AM)
Ya is there any stolen fd cases? I think those kena are normal saving accounts? Correct me if wrong.
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I think last year there are is one case $$ stolen from FD by RM
michaelchang
post Jul 2 2022, 01:07 AM

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QUOTE(MUM @ Jul 1 2022, 09:41 PM)
3 more OPR hikes forecasted in 2022 amidst Soaring Inflation

iFAST Research Team
01 Jul 2022

Why FSM MY think Bank Negara Malaysia (BNM) could hike Overnight Policy Rate (OPR) 3 more times in 2022
https://www.fsmone.com.my/funds/research/ar...ation?src=funds
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This is good news if BNM decides to follow the projected lines to fight inflation.
michaelchang
post Jul 6 2022, 04:37 PM

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Hopefully by end of the year, we will see most banks offering 4% for FD
michaelchang
post Jul 22 2022, 01:46 PM

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QUOTE(Daprind @ Jul 22 2022, 01:04 PM)
I tell you, it's useless to park FD in SGD. The rate is not attractive, max can only get like 1.0% - 1.50% (12 months), that is pre-covid and need to hit certain sum. also must be OTC ya. 

E-FD don't ever think to get 1%. the most is 0.5% - 0.75% that is already promotional rate and must put fresh fund..

Just go for REITS la uncle....

user posted image
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Just came back from SG. Now FD can get 2%
michaelchang
post Jul 23 2022, 02:28 PM

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QUOTE(CommodoreAmiga @ Jul 23 2022, 01:18 PM)
CIMB SG has 2.3% FD now. I think those are board rates you mentioned. Same like here, always go for promo rates. Anyway. It is for hedging purpose. Split my portfolio, dump some money there for safekeeping in case things go the Sri Langkan way here.
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Wise choice, best is to keep your $$ in a few countries around this region. Ringgit going south with corrupted politicians at the helm
michaelchang
post Jul 23 2022, 09:32 PM

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QUOTE(AndyMaurice @ Jul 23 2022, 08:02 PM)
Singapore got 2.3% , Malaysia affin got 3.20%

If put FD in Singapore $200,000 around $640k ringgit by 2.3% , mean can get around  Singapore $4600 per year around Malaysia ringgit is $14,750

But if i put $640k ringgit in Affin Bank in Malaysia by 3.20% , i can get $20,480 ringgit  per year ..
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Based on your SGD$200K

last year exchange rate, average 3.08 and today's exchange rate is 3.21

u gain Rm$5000+ in interest but lose RM$26,000 in value. (one year period)




michaelchang
post Jul 26 2022, 10:16 AM

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QUOTE(very polite @ Jul 26 2022, 08:14 AM)
AMBANK – 3.90 (new-to-bank SIGNATURE Priority Banking customers

sounds promising...but is it purely fd ? or have to buy their other products.
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When u see the word "up to" at the interest rate section, it's not pure FD.
michaelchang
post Jul 27 2022, 06:29 PM

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QUOTE(Junichiro Tanizaki @ Jul 27 2022, 04:06 PM)
quote
"i just withdraw today from RHB. no issue.

need to active the secureplus"
unquote

Yes, their secureplus appeared on my mobile, but I pressed n pressed n pressed.. but the approve n reject screen did not appear.
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I face the same issue today
michaelchang
post Aug 10 2022, 08:37 AM

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QUOTE(jhleo1 @ Aug 9 2022, 11:05 PM)
You don't get what I said. I got CIMB BSA with their debit card Mastercard. No fees at all.
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Same here, open CIMB acc in Nov 2020 with debit card. Zero fees

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