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

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GrumpyNooby
post Apr 6 2020, 07:14 PM

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QUOTE(jonoave @ Apr 6 2020, 07:11 PM)
Just saw this promo for CIMB eFD when logging onto cimb clicks

user posted image
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QUOTE(GrumpyNooby @ Apr 2 2020, 10:14 PM)
You need login using special link.
GrumpyNooby
post Apr 6 2020, 09:28 PM

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QUOTE(skyvisionz @ Apr 6 2020, 09:25 PM)
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This ambank fd can apply through online? I current dont have any ambank account
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Do you have access to AmOnline?
If yes, maybe you can apply eFD online.
GrumpyNooby
post Apr 7 2020, 09:16 AM

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QUOTE(lowya @ Apr 7 2020, 09:14 AM)
Malaysia: Inflation rate from 1984 to 2024

https://www.statista.com/statistics/319033/...te-in-malaysia/

don't forget the bigger picture of FD decision
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Inflation is just one of the inputs for consideration on OPR movement.
Weak macroeconomic and accommodating fiscal policy also influence OPR direction.
The next MPC meeting is in May 2020.
GrumpyNooby
post Apr 7 2020, 09:29 AM

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QUOTE(rocketm @ Apr 7 2020, 09:28 AM)
SO that is means that the chance of OPR to drop is higher thus so BR and BLR/BFR also drop too, our FD rates too.
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I'm expecting min at least 2 more cuts for the whole year.
Well, I'm not an economist; I could be wrong.
GrumpyNooby
post Apr 7 2020, 09:47 AM

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QUOTE(lowya @ Apr 7 2020, 09:45 AM)
let me put it this way: a good FD rate shd be > 2x Inflation rate, imho
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Then we should demand banks to offer FD at least 4%! bruce.gif
Since 2020F inflation is forecasted to be at 2.08% based on the link you shared.
Even 2021F is forecasted to be at 2.22%.

This post has been edited by GrumpyNooby: Apr 7 2020, 09:48 AM
GrumpyNooby
post Apr 7 2020, 10:52 AM

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QUOTE(Calvin J @ Apr 7 2020, 10:44 AM)
Hi Guys,

Wanted to find out if the rest of you all might have this issue?
Tried login into Ambank Online to place the e-FD promo but it seems that the effective rate is only 3.0% p.a.?

Sharing screen shot to see if any steps that I did missed out?
My funds are transferred to Ambank thru Instant Transfer 2 days ago.

Cant figure out how to get the 3.5% interest promo.

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Did you key in the campaign code BEST6 or BEST12?
GrumpyNooby
post Apr 7 2020, 03:33 PM

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QUOTE(gchowyh @ Apr 7 2020, 03:32 PM)
My existing CIMB preferred FD got renewed at the rate of 3.05% 12 months, just slightly higher
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Not everybody can become preferred customer.
GrumpyNooby
post Apr 8 2020, 06:05 PM

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QUOTE(kenloh7 @ Apr 8 2020, 05:44 PM)
Hi, I am trying to put the FD in Ambank account, but in the "Transfer From", only Ambank is available but not from other bank. Does this mean that I have to deposit the FD from Ambank itself?

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Yes as it doesn't support FPX transfer in.
GrumpyNooby
post Apr 8 2020, 07:03 PM

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QUOTE(joy4all @ Apr 8 2020, 07:01 PM)
Just to share the eFD Rate that I'm aware :-

RHB  - 3.15 (3 months)
PBB  - 3.18 (4 months)
HLB   - 3.10 ( 3 months)
MBB  - 3.05 ( 6 months)
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Where's AmBank 6m/12m and CIMB 3m/6m/12m?

This post has been edited by GrumpyNooby: Apr 8 2020, 07:07 PM
GrumpyNooby
post Apr 9 2020, 04:10 PM

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QUOTE(joy4all @ Apr 9 2020, 04:09 PM)
Sounds like you know the rate, can share ?
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QUOTE(GrumpyNooby @ Apr 2 2020, 10:14 PM)
QUOTE(cybpsych @ Apr 2 2020, 10:41 PM)
AmOnline 6-Month & 12-Month FD/TD-i Promo [ Ambank | T&Cs ]

Good news! place new Fixed/Term Deposit-i with us via AmOnline to enjoy 3.50% p.a. for 6 months & 12 months!

To make placement:
1. Log in to AmOnline and click on ‘Fixed/Term Deposit’.
2. Key in Promo Code & fill up the required sections. Minimum placement: RM10,000.

Hurry! promo period from 3 April 2020 to 30 April 2020 OR ends upon reaching the fund size of RM2 Billion.

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GrumpyNooby
post Apr 10 2020, 09:18 PM

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QUOTE(winsonzen @ Apr 10 2020, 09:17 PM)
Ambank is offering 3.5% for 6-month and 12-month.
Otherwise, Affin Bank is also offering 3.4% for 12-month
<a href='https://pictr.com/images/2020/04/10/5q1JRA.jpg' target='_blank'>https://pictr.com/images/2020/04/10/5q1JRA.jpg </a>
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Affin Bank 3.4%/12-months is OTC placement?
GrumpyNooby
post Apr 10 2020, 09:24 PM

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QUOTE(winsonzen @ Apr 10 2020, 09:21 PM)
eFD or OTC, but u need to have Affin Bank account la. Opening new account is not allowed during MCO, have checked with few banks.

https://www.affinonline.com/rates
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But new Affin Bank Internet Banking portal cannot place FD above 11-m right?
They fixed this bug?

There's an "*" for 12-m and > 12-m

*Subject to terms & conditions and quota availability. Please visit your nearest Affin Bank/ Affin Islamic branches.
GrumpyNooby
post Apr 11 2020, 11:38 AM

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user posted image

There's no option for FD for 12-m and beyond for Affin e-FD.
GrumpyNooby
post Apr 11 2020, 02:26 PM

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QUOTE(raulxiver @ Apr 11 2020, 02:24 PM)
So for the Ambank 3.5 fd, i need to transfer from

Other bank > ambank casa >  ambank efd ?
Or
Other bank > ambank efd (via fpx) ?
*
Other bank > ambank casa > ambank efd
GrumpyNooby
post Apr 11 2020, 03:41 PM

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QUOTE(tevis31 @ Apr 11 2020, 03:37 PM)
Yes, I also cannot find any tenure more than 11 months
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Yes, I suspect that 12-m and above needs to do placement at OTC.
GrumpyNooby
post Apr 11 2020, 08:31 PM

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QUOTE(vfoong @ Apr 11 2020, 08:30 PM)
Has SCB PSA updated their rates? Isn't it still 4% for spend+save?
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Effective 1/5/2020, the base interest will be revised down to 0.1% pa and EIR for save+spend will become 3.6% pa.
GrumpyNooby
post Apr 11 2020, 11:31 PM

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QUOTE(zenquix @ Apr 11 2020, 11:23 PM)
OCBC Booster is only 2.4% for first 30k to 50k
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Base is 2.4% pa for MAB of RM 30k and above.
Wealth Bonus of 1.2% pa for first RM 50k.

This post has been edited by GrumpyNooby: Apr 11 2020, 11:32 PM
GrumpyNooby
post Apr 12 2020, 10:36 PM

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QUOTE(distributor @ Apr 12 2020, 10:32 PM)
how many times i can use the best6 & best12 code for AMbank during the promo period?
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T&C didn't say.
I believe should be until reaching the fund size of RM2 Billion.
GrumpyNooby
post Apr 13 2020, 12:15 PM

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QUOTE(fuzzy @ Apr 13 2020, 12:14 PM)
I think Ambank can.
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How?
Can share?
GrumpyNooby
post Apr 13 2020, 01:07 PM

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QUOTE(myotgo @ Apr 13 2020, 01:06 PM)
PBB offer 3.18% for 4months
letsay u put rm10k
after matured only get rm100
not worth i think
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Where will be worthful then?

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