klibor not min 3 to 5 years one meh?

no debit card no ATM susah
no online banking interest keep sampai maturity
rugi lah.
wah bro, Klibor now already 3.59, sekali it hit 4.00 you get ZERO interest

At least Alliance bank guaranteed 1st year  6% no matter Klibor hit 4 or not...

For me both also no good
upper limit 4.00  too close,
margin 0.41 static and not increasing

i bought  one from CIMB coupon 5.5% x 5 yrs,
Klibor then 2.86 , upper limit  3.75 = 0.89  margin
that limit  increasing yearly 4.05, 4.25, 4.35, 4.50

Bank issued such product betting  you would hit the upper limit
and get ZERO interest.

if they bet wrongly and klibor did not hit they can call back and return your money
If their bet is right Klibor hit limit, you get Zero interest
they wont call back
tied you down till the end with zero interest

In my case above CIMB betted wrong
got to pay me 5.5% every  3months...
after 18months they saw no chance for Klibor to touch its limit
they called back.

simple rule of money management, don't involve in things that you are not sure off.

What do you do with the True Savers portion? remain there?
Yes, no monthly interest for this

Yeah, I think that is the correct move. Forgo that 1.75%, can get better rate with FD.

thanks for the info.

Wondering,
How come they dun do like other using FPX?
Easier no need go line up or take leave just to do fd for working ppl.

Hahaha. No comment liao

For those complaining about BI, I was pleasantly surprised today. Had 3 certs matured today. Logged in and checked that they auto renewed all 3 at 4.2% pa. And to think I just went to MBSB to open an account yesterday to transfer from BI for the 4% tomorrow 😅 Guess I don’t need to do that already.

Much appreciated for sharing it again. Will be checking it out again daily. Now that you mentioned it, I do have some recollection reading something similar but have forgotten it was BI. The above few responses shows how toxic sometimes a forum can be to those who don’t stalk the thread often enough. And to think we are all here to help one another 

Do your research before commenting.Also do not put words in my mouth..did I ever say cheating by Mbsb?Dont be irresponsible.It is so easy to quote others' previous comment.(It has to be factual)You can refer my earlier post30628 page 1532.Who doesn't know how many days in a year?You must be kidding.

It can also mean  you are given less of something than you deserve.

What is all these complaining...haiz...enough lah. MBSB 4% or 3.99% still highest in market right now. Tak suka can put 3.7% everywhere else.

Save your energy complaining can make back that RM20 starbucks drink already.

Actually, i did check my previous MBSB FDs calculations. More or less seems there. I don't bother liao.

Not so accurate bros, it seems.

The campaign here, and at the bottom the e-FD T&C here. Shows existing customers also can:


I asked at the counter, thought I wasn't eligible because I'm an Existing-to-Bank customer and already have a Hybrid checking account. But counter said eligible, the T&C means customers new to the campaign's SavePlus account can apply.

I went through their shitty & long process in the app and successfully placed the FD.
RM1,000

Yes still available until 30 June 2024 according to their T&C, or until RM70 million total threshold.
So this Allliance e-FD campaign at 4.1% 12mths is technically still among the highest so far. Just need to note:
- Max. 100k.
- Existing-to-Bank customers can apply. Their T&C confusing ppl.
- Must open the SavePlus savings acc.
- All done via app only, which can be good for some ppl.
- It is troublesome AF!
Must deposit min. RM20 at first, takes few days verification, must deposit another min. RM20 again, app interface not intuitive, etc.

If anyone needs I can share the process on how to do the FD placement, with screenshots.

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.

FD Amt = 22,500 
Rate = 5.85%

If placement was done on 19/1/2024

19/1/2024 to 31/12/2024 = 348 days
Profit  = 22,500 * 5.85% * 348/366 = 1,251.53

1/1/2025 to 19/1/2025
Profit  = 22,500 * 5.85% * 18/365 = 64.91
 
Total Profit = 1,316.43
Deferred selling price = 22,500 + 1,316.43 = 23,816.43

Assumption is placement was done on 19/1/2024 for 12 mth, maturing on 19/1/2025
Calculation done for days in 2024(leap year) use divisor 366.
Calculation done for days in 2025 use divisor 365.

Hope I get this correct.