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

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cybpsych
post Aug 2 2019, 10:52 PM

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QUOTE(mamamia @ Aug 2 2019, 10:51 PM)
Something good, so, next time, OTC FD can also withdraw via online..
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yep, good move to digitize their products from offline-to-online rclxms.gif
cybpsych
post Aug 4 2019, 12:27 PM

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QUOTE(jacklew77 @ Aug 1 2019, 10:25 AM)
New RHB FD promotion.

user posted image
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QUOTE(Montana @ Aug 1 2019, 11:39 PM)
where to see this promo? i can't see it in RHB website..
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QUOTE(Wong Kit yew @ Aug 4 2019, 11:02 AM)
RHB has updated its website for FD Promotion:

10 months          3.9%
3 months eFD    3.5%

https://www.rhbgroup.com/400/index.html
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cybpsych
post Aug 4 2019, 08:36 PM

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QUOTE(cybpsych @ Jul 16 2019, 07:57 PM)
Download Terms & Condition (format .pdf), FAQ (format .pdf), Product disclosure sheet (format .pdf), General T&C (format .pdf)

https://www.bankrakyat.com.my/c/campaigns/c...t_i_account-544
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QUOTE(sabrina222 @ Aug 4 2019, 08:30 PM)
Bank Rakyat fd promo got any t and c ah? Is it 4.4%?
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cybpsych
post Aug 5 2019, 04:27 PM

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QUOTE(dec12 @ Aug 5 2019, 04:13 PM)
usually, getting a bank draft will do is it?
if we were to transfer funds from 1 bank to another?
sorry for asking noob question since im used to doing banking stuffs online more than OTC  doh.gif
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should be ok for cimb. done it before for cimb. while standing at the door waiting to open, already using app to transfer money into cimb CASA. take queue number, and tell the counter to deduct the fund in CASA.

current CASA --> cimb CASA --> cimb FD

Q1) double check with your CIMB branch first
Q2) how long is the "freshness" after transfer? 3 days? 7 days?
Q3) how much is the transfer? some banks have transfer limit (30k/50k), so this is linked to (Q2) if need more than 1 day to transfer.
cybpsych
post Aug 5 2019, 05:07 PM

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QUOTE(dec12 @ Aug 5 2019, 04:58 PM)
Sifu, regarding "freshness" i hv this question in mind.

If i transfer 5k out from Bank A -> Bank B today, tomorrow i transfer back 5k from Bank B -> Bank A.
In this case is the 5k fund consider "fresh" for Bank A?  hmm.gif
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depends on the bank. some dont accept at all.

some give a grace period of 3 days, example, for the fund in Bank A to consider as "Fresh". some as long as 7 days.

maybe good for few tens of thousands (30-50k) which you can do it one-shot and do placement on same day.


if you intend to do this for 100-200k example, you are losing the interest/profit while waiting all fund tranches to reach Bank A. this is base on traditional Instant Transfer.

you can opt of RENTAS too. just minor fee.

This post has been edited by cybpsych: Aug 5 2019, 05:09 PM
cybpsych
post Aug 7 2019, 03:35 PM

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QUOTE(prophetjul @ Aug 7 2019, 03:33 PM)
What is TD?
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term/time deposit
cybpsych
post Aug 7 2019, 03:38 PM

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QUOTE(prophetjul @ Aug 7 2019, 03:36 PM)
Thought in Msia, they just use FD.  smile.gif
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can be used interchangeably
cybpsych
post Aug 8 2019, 07:30 PM

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QUOTE(Deal Hunter @ May 24 2019, 12:54 AM)
Explained before.
p1 is interest paid monthly. If effective date is 24 May, then interest creditted into your named casa account on 24 June, 24 July etc.
p0 is payment of interest on maturity.
p3 is payment of interest every 3 months.
p6 is payment of interest every 6 months.
p01 is payment of interest at maturity or monthly up to your choice.
You get the idea. Like p663m15.
It is compulsory to have a casa account if it is not p0. Your bank may have different rules about the kind of casa account that can be used for creditting interest.

Some banks are even introducing compulsory casa for p0, and even changing from auto renew at board rate to automatically credit principal into casa  account on maturity. This is much better than uplifting renewed FD at board rate and losing all new interest due to penalty for early uplift of new renewed FD. At least get some savings interest and do away with bother of uplifting and making it easier to transfer out the money.
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QUOTE(HP Computer @ Aug 8 2019, 05:20 PM)
may i know wat P663m15 means?
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cybpsych
post Aug 9 2019, 12:04 PM

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QUOTE(cedriccheah @ Aug 9 2019, 09:45 AM)
I also want to know. I just walked into CIMB Plaza Damansara and asked. The guy standing at front telling me he never heard of this FD promo. Only the special 4.7%
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dont bother.

it's not a published rate and only applicable to certain type of customers and only for renewal.
cybpsych
post Aug 11 2019, 03:50 PM

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QUOTE(Deal Hunter @ May 24 2019, 12:54 AM)
Explained before.
p1 is interest paid monthly. If effective date is 24 May, then interest creditted into your named casa account on 24 June, 24 July etc.
p0 is payment of interest on maturity.
p3 is payment of interest every 3 months.
p6 is payment of interest every 6 months.
p01 is payment of interest at maturity or monthly up to your choice.
You get the idea. Like p663m15.
It is compulsory to have a casa account if it is not p0. Your bank may have different rules about the kind of casa account that can be used for creditting interest.

Some banks are even introducing compulsory casa for p0, and even changing from auto renew at board rate to automatically credit principal into casa  account on maturity. This is much better than uplifting renewed FD at board rate and losing all new interest due to penalty for early uplift of new renewed FD. At least get some savings interest and do away with bother of uplifting and making it easier to transfer out the money.
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QUOTE(scion @ Aug 11 2019, 03:46 PM)
What is those pom6,p1m4,p1m7,p1m12?
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cybpsych
post Aug 14 2019, 11:00 AM

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QUOTE(879098 @ Aug 14 2019, 10:30 AM)
So the 4.23% is not conventional?

When is this promo end?
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islamic

suppose to end 31 Dec, but someone reported may end earlier tomorrow 15 Aug.

always check your preferred affin branch.
cybpsych
post Aug 14 2019, 04:46 PM

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Standard Chartered Bank Malaysia Berhad Fixed Deposit – CASA Bundle 2019 Campaign
14 August 2019 – 30 September 2019

https://av.sc.com/my/content/docs/SCBMB-fix...19-campaign.pdf

New to Priority Banking and New to Premium Banking clients

The FD / TD-i placement at the Promotional Rate 4.70% p.a. for 6 months and the Allocation Amount for Eligible CASA / Saadiq CASA must be at a ratio of 70:30
cybpsych
post Aug 19 2019, 07:09 PM

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QUOTE(korangar @ Aug 19 2019, 05:09 PM)
6 months- cimb 3.9%
3 months- hlb 3.7%

anyone know better interest rate for this period?
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QUOTE(Mijac @ Aug 19 2019, 07:01 PM)
6 months- cimb 3.9%
3 months- hlb 3.7%
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why copy n paste back again?
cybpsych
post Aug 20 2019, 02:49 PM

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QUOTE(cybpsych @ Jul 8 2019, 08:10 PM)
user posted image

4.7% p.a. FD/FRIA-i Bundle with CASA/-i [ CIMB | T&Cs ]
Campaign period: 1 July - 30 September 2019

It's back greater than before! 4.7% p.a. returns on a 3-month Fixed Deposit  for a limited time. 

Get this great rate by making placement of fresh funds at any CIMB branch today!

user posted image
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QUOTE(ForgotPassword123 @ Aug 20 2019, 02:39 PM)
hmm i saw this promotion from cimb 4.7% for 3 months, promotion period 1/7-30/9/2019.

how come no one interested? is this the one attached with those investment/bond thingy?
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you think it is THAT straightforward?
cybpsych
post Aug 20 2019, 02:54 PM

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QUOTE(ForgotPassword123 @ Aug 20 2019, 02:51 PM)
bro, im not too sure on the tnc part, thats why i ask.. anything that is above 4% nowadays seems like it is paired with some other weird tnc shit..

mind explain how this one works?

Edit: especially tnc/note number 4
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you're more worried about t&c #4? doh.gif

read the whole document. the eligibility and criteria are stated clearly. there are examples too.
cybpsych
post Aug 25 2019, 09:41 AM

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QUOTE(neenee @ Aug 25 2019, 08:36 AM)
PIDM protected?
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learn to check for Affin Bank >> https://www.pidm.gov.my/en/for-public/depos...s/member-banks/
cybpsych
post Aug 26 2019, 08:03 AM

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QUOTE(lightbringer @ Aug 25 2019, 08:17 PM)
Has anyone renewed their FD at Public Bank recently? Their current promotion did state it requires fresh fund, but last year the branch I went to allowed me to renew my existing FD with their promotion rate (4.28% at that time). This time not sure if it will be that lucky.  sweat.gif
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they still allow matured FD fund + topup a few Ks to "convert" into "fresh" = new placement amount not same as matured amount. they're ok with it since they are the one proposing this method/leeway.
cybpsych
post Aug 26 2019, 08:34 AM

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QUOTE(Xaser_3 @ Aug 26 2019, 08:31 AM)
Interesting to know. Does this "method" only work with PB or can it be done with other banks as well?
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ask the respective branch.
cybpsych
post Aug 28 2019, 08:14 PM

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affin mytown

4.23% 15mth ending this month

those placing with cheque, do it early because clearance only do placement

info from staff there


have a feeling this rate going to end bank-wide by this week/month.
cybpsych
post Aug 29 2019, 04:20 PM

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QUOTE(cybpsych @ Aug 28 2019, 08:14 PM)
affin mytown

4.23% 15mth ending this month

those placing with cheque, do it early because clearance only do placement

info from staff there
have a feeling this rate going to end bank-wide by this week/month.
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just done placing 1 last one with affin mytown 4.23% 15mth

promo ending this month for this mytown branch only (reconfirmed)

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