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

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David_Yang
post Oct 9 2018, 11:06 AM

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QUOTE(kochin @ Oct 9 2018, 10:37 AM)
https://www.cimbpreferred.com.my/en/lifesty...6percentFD.html

50k/100k preferred account earmark 3 months
up to 200k/400k 6% fd

if 50/200 combo
50k@1.8%; 200k@6% = 253,225 at end of 3 months (eff 5.16%)

good deal.
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yes, quite sexy.

i will try to pull 250k together until end of december smile.gif
David_Yang
post Oct 9 2018, 05:59 PM

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QUOTE(ahpaul82 @ Oct 9 2018, 06:46 PM)
I wonder can I transfer my maturity funds from HLB to CIMB Saving Account as "fresh fund"?
Coz banker cheque require RM5++  tongue.gif
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Ever heard of "Cash is king"? Still valid cool2.gif
David_Yang
post Oct 11 2018, 01:05 PM

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I can get, am Preferred.
David_Yang
post Oct 11 2018, 10:05 PM

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QUOTE(Wong Kit yew @ Oct 11 2018, 10:46 PM)
According to the news, several new taxes will be introduced in the coming budget on 2 November.
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yes this date will bring the full range of cruelties to us all. taxes on interest would be no surprise at all. lets hope they at least keep the allowance of 100k.
David_Yang
post Oct 11 2018, 10:22 PM

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QUOTE(faradie @ Oct 11 2018, 11:08 PM)
I think it is more likely that inheritance and capital gains taxes will be introduced. Tax on interest income will affect the less wealthy.
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But inheritance tax is what the new government blamed the old one is planning before the election, you remember wink.gif

Let´s just expect the worst than at least they will not shock us with interest tax, capital gains tax and inheritance tax altogether. Or will they? In 3 weeks we will know more blink.gif
David_Yang
post Oct 12 2018, 05:11 PM

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Anyone using internet banking from BR?
David_Yang
post Oct 14 2018, 05:00 PM

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QUOTE(quiksllver @ Oct 14 2018, 04:45 PM)
May i know the 6 months tenure for 4.4% p.a which means is half a year...goes to 2.2% or still 4.4%? 2.2% for 6 months FD and another contract renew for another 6 months with 4.4%? cause its "4.4% p.a"

example : 10k after 6months = 440 for interest (4.4%) or 220 for 2.2% (half of 4.4% p.a)

so meaning to say if i want to get 4.4% i need to tenure 6 months and continue another 6 months for a full 4.4% p.a ? right?

does this applies to all FD bank?
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yes, the interest is always based on calculation for 12 month.

so grabbing 4,4% and a 6 month ternure for 10k means you will get RM 220 interest.
David_Yang
post Oct 14 2018, 07:20 PM

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QUOTE(niceguypenang @ Oct 14 2018, 07:11 PM)
Also to understand if a person have more than 100K per deposit, will there be any government taxes, just someone ask.
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At the moment not, but maybe November everything changes with the new budget and the "new tax wave" puke.gif
David_Yang
post Oct 14 2018, 09:39 PM

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QUOTE(siawyent @ Oct 14 2018, 09:09 PM)
If there is new tax on Fd interest announced in November, will it affect the existing FDs?
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Only the government knows and they will not tell us before Nov 2. It probably is not a bad idea to place a FD now[U], if old FDs are not effected it is great, if a brutal tax is coming can cancel with minimum interest loss and search for something better.


David_Yang
post Oct 16 2018, 01:22 PM

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QUOTE(Wong Kit yew @ Oct 16 2018, 11:43 AM)
The market analyst also said that Bank Islam has the good prospect due to its Islamic financial products and the profits earned.

So from their point of view, it is advisable for the investors to invest in these three banks.
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The truth is always provides by the market, not by analysts.

Anyway, Bank Islam is not on the stock market on their own, only their parent company BIMB.

No good performance at all in the last years: http://www.bursamalaysia.com/market/listed...stock_code=5258


David_Yang
post Oct 16 2018, 09:26 PM

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QUOTE(evangelion @ Oct 16 2018, 09:08 PM)
I would go for this, if i were u....mho
Btw where did u get that deal? Cant find it on cimb
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250k minimum, promo ends 31 oct. I cannot make this but whoever can, this is the thing to choose.
David_Yang
post Oct 17 2018, 04:22 PM

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QUOTE(??!! @ Oct 17 2018, 01:44 PM)
I checked with my RM...seems this promo for selected customers only...ie if u see the link in your cimb click, you're eligible.
Also it may seems the  promo is no longer valid the day after it is utilized ...
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So if you did it one time, the link disappears. I expected this, that is why so far I did not do it.

I just hope they give a warning if they close it before 31st Dec. Like they did with the 6+3 promo, that shpuld have also run until end of the year, now only until Nov 1.
David_Yang
post Oct 17 2018, 10:49 PM

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QUOTE(msa9696 @ Oct 17 2018, 10:40 PM)
Not really, I've placed it once, and now I still see the link, still able to click it, just that I didn't try to make the 2nd placement yet
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Please update us on this. If two times is possible, I want to start round 1 now and then in december, when other stuff matures, round 2.

@Micky78, I read nothing about fresh funds.


Another topic, did anybody recalculate the 4.7% from Bank Rakyat.

If I multiply the interest I get every month with 60 the interest rate is only 4.64 and not 4.70. Please check yours.

This post has been edited by David_Yang: Oct 17 2018, 10:54 PM
David_Yang
post Oct 18 2018, 11:13 AM

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QUOTE(LostAndFound @ Oct 18 2018, 06:55 AM)
Interest should be counted daily. Take your interest, divide by the number of days in the month, then multiply by the number of days in the 5 year period.
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Thanks, you are absolutely right. They calculated correct, even the extra day in Feb 2020 is included smile.gif
David_Yang
post Oct 26 2018, 10:46 AM

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QUOTE(kit2 @ Oct 26 2018, 08:47 AM)
anyone knows if BR 4.5% for 11 months is still available? anyone placed recently?
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Yes. Promo valid 1 August until 31st October.
David_Yang
post Oct 27 2018, 09:37 PM

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Thanks, poor me still not have enough funds to place even one time. That will change in December, hope they close not early and keep the date with 31st Dec.
David_Yang
post Oct 29 2018, 03:52 PM

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QUOTE(frostfrench @ Oct 29 2018, 04:34 PM)
any CIMB Preferred holder take this bundle?

6% p.a. Fixed Deposit/Fixed Return Income Account-i for 3 months, and up to 3% p.a. returns on your Preferred Current Account/ Preferred Current Account-i balances.

Is this better than the 4.4% for 6 months ???
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Sure it is. But ends on Wednesday.
David_Yang
post Nov 1 2018, 10:24 AM

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4.5% CIMB eFD still is labelled "8 October to 31 December 2018".
David_Yang
post Nov 2 2018, 07:01 PM

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Let´s all be happy, no tax on FD interests!
David_Yang
post Nov 8 2018, 11:35 AM

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QUOTE(michael5 @ Nov 8 2018, 12:27 PM)
I already have the online account. even i visit FD Placement page also cannot get any information for 4.5 % EFD
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Directly after log in on the dashboard there should be a big banner for 4.5% eFD to click.

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