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

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Human Nature
post Feb 23 2022, 01:48 PM

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QUOTE(WaCKy-Angel @ Feb 23 2022, 01:22 PM)
U asking about auto renewal date right? If renewal will be next day start.
If u want to withdraw same day can withdraw no need wait T+1
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Alright, yeah, I want to withdraw on the same day.
Human Nature
post Feb 24 2022, 11:36 AM

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QUOTE(a.lifehacks @ Feb 24 2022, 11:32 AM)
user posted image

Is there a typo mistake there?

Why did the TnC mentioned the promo campaign will run from 1 Feb 2022 to 30 June 2021?
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Tenet tongue.gif Should be typo, rookie mistake
Human Nature
post Mar 1 2022, 09:28 AM

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^nice one from UOB

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OPR meeting is coming soon. I wonder whether the current war situation at Eastern Europe will spook BNM in raising the OPR hmm.gif
Human Nature
post Mar 2 2022, 07:00 PM

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QUOTE(babysotong @ Mar 2 2022, 06:28 PM)
Only can do OTC to get promo rate for UOB. Cannot do via Internet banking like other banks
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Do you know if it is Conventional or Islamic?
Human Nature
post Mar 3 2022, 04:39 PM

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QUOTE(cybpsych @ Mar 3 2022, 03:23 PM)
Ah what a downer. Maybe have to wait for second half for any upward movement.
Human Nature
post Mar 3 2022, 09:09 PM

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QUOTE(Chrono-Trigger @ Mar 3 2022, 08:55 PM)
haiyo, if interest go up, my loan repayment / mortgage also going up  sad.gif  sad.gif  sad.gif
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Haaaha most people in this thread hope for OPR to sky rocket. Can't imagine the FD pain this 2 years.
Human Nature
post Mar 4 2022, 02:34 PM

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Can continue here for specific EPF related discussion
https://forum.lowyat.net/topic/2705461
Human Nature
post Mar 9 2022, 09:49 AM

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QUOTE(mamamia @ Mar 9 2022, 09:47 AM)
Bank Rakyat
2.8% 24 months
2.6% 12 months
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Haha nice. Just when I have a couple of BR FD maturing next week and thinking of moving to Affin. What a save by BR tongue.gif
Human Nature
post Mar 9 2022, 10:52 AM

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QUOTE(bbgoat @ Mar 9 2022, 10:45 AM)
sad.gif My next BR FD due is on May 10. BNM next meeting ends on May 11..... Have to decide what to do on May 10, haha.
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Dilemma, I know biggrin.gif Esp for those (me included) that has been placing short term tenures in antipating for OPR to increase.
Human Nature
post Mar 16 2022, 11:43 AM

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Renewed at BR for the 12m 2.6% promo today. Lazy to Rentas out and go to another bank.
Human Nature
post Mar 16 2022, 09:37 PM

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QUOTE(fjoru103 @ Mar 16 2022, 09:32 PM)
What bank?
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Bank Rakyat
Human Nature
post Mar 16 2022, 09:42 PM

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QUOTE(fjoru103 @ Mar 16 2022, 09:40 PM)
Thanks man, will have a look.
If you don't mind I ask, example if the tenure 12 months,
means if I withdraw/cancel before the maturity date then no interest will be given correct?
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Yes correct. For this promo, you can request for the interest to be credited monthly. So I am not sure how it works, whether they will claw back the interest amont from principle or not.
Human Nature
post Mar 16 2022, 10:03 PM

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QUOTE(fjoru103 @ Mar 16 2022, 09:50 PM)
Thanks, I just red in their FB, seems only open for existing customer haha, which I am not, either way might walk in have a look
Last question if you don't mind, I need bring cash over right, sorry if it's a bit stupid question, as was plan can do a transfer via my other bank via app on the spot.
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I highly doubt they enforce the existing customer thing.

Can bring cash but I highly dont recommend it. Transfer via online or banker's cheque is the better way. You have to open savings account for transfer.

Dont worry about asking as much as you want.

This post has been edited by Human Nature: Mar 16 2022, 10:05 PM
Human Nature
post Mar 17 2022, 08:15 PM

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QUOTE(NF2M @ Mar 17 2022, 08:07 PM)
At BR?
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Bank Rakyat
Human Nature
post Mar 18 2022, 12:12 PM

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QUOTE(fjoru103 @ Mar 18 2022, 12:04 PM)
Good question..
I haven't ask as I took the form and left,
Will go back once I bring along the documents.

But what you mean by annual fee?
Annual fee for saving ?
No such thing right
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May refer here. FOC with just passbook, there is RM8 annual fee if with a debit card
https://www.bankrakyat.com.my/c/personal/sa...ount-24/deposit

This post has been edited by Human Nature: Mar 18 2022, 12:14 PM
Human Nature
post Mar 18 2022, 12:21 PM

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QUOTE(fjoru103 @ Mar 18 2022, 12:15 PM)
Thanks agian brother, so I assume for long term like me, guess opening saving is RM 16?
Then follow by annual card fee of RM8

Also ya for BR FD, are bank now give the so call hmm cert/paper?
or everything just electronic?
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Just RM8 for the debit card, you need it for online banking. Remember to register for online banking on the spot too.

BR gives physical cert. Also, they don't do online FD placement yet, still over the counter.

Also, when possible use online transfer rather than bringing in cheque / cashier order. They follow the date when the cheque is cleared.

This post has been edited by Human Nature: Mar 18 2022, 12:22 PM
Human Nature
post Mar 18 2022, 12:48 PM

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QUOTE(fjoru103 @ Mar 18 2022, 12:33 PM)
The lady at counter said once I have the saving account open, can transfer the money into it,
then i can just tell them to take the amount from saving over to FD, I assume?
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Yes, correct.
Human Nature
post Mar 18 2022, 01:46 PM

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QUOTE(babysotong @ Mar 18 2022, 01:40 PM)
Technically and legally, there are two types of debit card:
1) debit card with unlimited withdrawal
2) debit card with limited withdrawal of 6 times per month

Type no 1 - annual fees of rm8
Type no 2 - no annual fees

Basic saving account with type number 2 is a pure basic account which all banks has to offer under BNM guidelines. Of course, then bank staff will not tell u this or offer this as there is nothing to earn. Thus, you need to stress to the bank staff that u want BSA with debit card with limited withdrawl as per BNM guidelines.

If not, just complain to BNM
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Debit card and BSA are not mutual. BSA is a requirement by BNM but not a debit card. And for some banks, BR included, you need a debit card for online banking.
https://www.bnm.gov.my/-/banking-institutio...current-account

This post has been edited by Human Nature: Mar 18 2022, 01:50 PM
Human Nature
post Mar 19 2022, 11:13 AM

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QUOTE(Mika Letchumany @ Mar 19 2022, 11:12 AM)
Dear friend, if I may ask how much is the minimum amount to deposit to get this promo? Also can a depositor open multiple FD accounts and get promo for all the accounts?

Thank you in advance.
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10k, yes
Human Nature
post Mar 19 2022, 11:41 AM

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QUOTE(bbgoat @ Mar 19 2022, 11:36 AM)
How is BR current FD promo ?
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Still the 2.6% 12m and 2.8% 24m promo.
Just slighy better than their 2.58% 11m a year ago.

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