Fixed Deposit Rates In Malaysia V. No.15

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

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okuribito	Jan 11 2018, 11:14 AM Return to original view \| Post #61
Regular Senior Member 1,021 posts Joined: Mar 2010	Question re HLB eFD I hv 2 matured yesterday. One auto renew (A) & other transfer to savings on maturity (B) When I look at the savings account yesterday 10am, i saw the credit for B. So no problem For A, in the FD screen I saw that it still show 10 jan 2018 as the maturity date ie not renewed to new FD yet. So i did withdrawal to my savings. I managed to get the full principal for A credited to savings - means system did no treat it as premature withdrawal, right? Question is this - when does the FD screen show the new maturity date of the auto-renewal FD? I looked at it at 10am maturity day. Does the new maturity date show up later on the maturity date or the day after?
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okuribito	Jan 11 2018, 11:46 AM Return to original view \| Post #62
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE The Promotion is open to all new and existing accountholders of the following participating Hong Leong Fixed Deposit Account as stated in Clause 3 below (“FD Account”) who are Malaysian or non-Malaysian individual and Malaysian or non-Malaysian non-individual customers (“Customers”) hlb dinamik hahahaha
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okuribito	Jan 11 2018, 02:35 PM Return to original view \| Post #63
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(chickenshit36 @ Jan 11 2018, 12:45 PM) any idea how to apply for this? i online try to do it, but the rates are only 2.90% i believe otc only
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okuribito	Jan 11 2018, 03:00 PM Return to original view \| Post #64
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(Mike3 @ Jan 11 2018, 02:40 PM) Lazy go over counter. the branch near my house is quite congested last i remember. I like hlb due to its frequent eFD promo. i just put 2.8% temporary till promo out. Last time for fpx promo (fresh fund) i usually transfer out to my other bank then re-transfer back as fresh fund haha. 1st u read as new customer only. now u say lazy to go otc. LOL i think subconsciously u dun wanna go for the promo rate lah ... good to listen to ur inner voice also - who knows got 4.5% round the corner LOL
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okuribito	Jan 12 2018, 05:02 PM Return to original view \| Post #65
Regular Senior Member 1,021 posts Joined: Mar 2010	i asked in IBG instant transfer thread b4 but no response. hope dun mind I ask here I just did another instant transfer from my hlb harvest account. This is the second time i do instant transfer where TAC not sent to me nor was it required. Press 'submit' ... straightaway say transfer successful. But when I do IBG , must wait for TAC & key in TAC to proceed. I'm sure many of the folks here hv HLB account & likely have done instant transfers also. Question is whether this is normal? Isn't instant transfer more "dangerous"?
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okuribito	Jan 12 2018, 05:05 PM Return to original view \| Post #66
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(la_Feng @ Jan 12 2018, 05:01 PM) say i have existing FD matured in HLB, i withdraw and transfer out from HLB saving to some other bank. then xfer back to HLB saving, walk to counter and placed this promo, can i do this? I think can la. If me, I'll call them up first, then go to their counter & do instant transfer to my savings & show them how "fresh" ur fund is LOL
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okuribito	Jan 12 2018, 05:07 PM Return to original view \| Post #67
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(mamamia @ Jan 12 2018, 05:04 PM) IBG & IBFT also to same acc? If not, the IBFT is it to favorite payee? Yeah I instant transfer to fave payee but no need TAC. But I also have done IBG to same fav payee - need TAC. That's why i'm perplexed PS: fave payee in other bank eg HLB >> fave payee in PBB This post has been edited by okuribito: Jan 12 2018, 05:08 PM
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okuribito	Jan 12 2018, 05:16 PM Return to original view \| Post #68
Regular Senior Member 1,021 posts Joined: Mar 2010	Actually, i agree make it harder... inconvenience vs security. And if bank say less than RMx no need TAC, then they are doing wrong thing imho. Materiality is relative .... what's small amount to A might be big amount to B. In this case, instant transfer is instant... poooof & it's gone Edit: in this case I trsfr to fave payee ... i dare not try with not fave payee hahaha This post has been edited by okuribito: Jan 12 2018, 05:17 PM
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okuribito	Jan 20 2018, 12:43 PM Return to original view \| Post #69
Regular Senior Member 1,021 posts Joined: Mar 2010	hahaha ambank kinda weird huh?
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okuribito	Jan 22 2018, 07:17 PM Return to original view \| Post #70
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(??!! @ Jan 21 2018, 02:21 AM) The weird thing about the so called contract is, the subject commodity is not even specified. ..just that it has been bought n sold. In the unlikely event of some unfortunate circumstances, i just wonder where depositors stand in the scheme of things. I am not too pleased that MBSB did not say a word on this arrangement at all when the placement was made. Was told interest is haram. Profit sharing is halal. That's why the mention of buy/sell commodities QUOTE Riba is a concept in Islamic banking that refers to charged interest. It is forbidden under Sharia, Islamic religious law, because it is thought to be exploitive. Depending on the interpretation, riba may only refer to excessive interest; however to others, the whole concept of interest is riba, and thus is unlawful. Riba - Investopedia https://www.investopedia.com/terms/r/riba.asp
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okuribito	Jan 26 2018, 10:45 PM Return to original view \| Post #71
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(nexona88 @ Jan 25 2018, 03:27 PM) http://m.thesundaily.my/node/521550 3.25% guys 🙏 QUOTE(David3700 @ Jan 25 2018, 05:32 PM) Come 4.5.....4.5.....4.5 I have been missing you for so long already QUOTE(Joe Yuan @ Jan 25 2018, 06:59 PM) Finally, Bank Negara raised the overnight interest rate by 0.25%. (As I expected per my previous post) Expect FD rate of 4.5%, 4.55% or even 4.6% to come back again!! Good luck. QUOTE(ckinsg @ Jan 25 2018, 08:55 PM) Those who renew their fd before today, now cry loh.. they cannot enjoy d interest rate hike.. they need to wait until their fd mature loh so happy took up the the HLB 6mth 4.88% damansara city branch offer instead of going 12mths. Can move to new rates earlier !!! As of now CIMB most progressive bank in my books . but not good enough because they up the board rates only. Quick quick up the promo rates Which bank do you think will be first to give 4.55% for 12 mths? LOL This post has been edited by okuribito: Jan 26 2018, 10:46 PM
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okuribito	Jan 28 2018, 10:05 PM Return to original view \| Post #72
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(lordadvantine @ Jan 28 2018, 08:49 PM) Saving into EPF is certainly one option for retirement, but my concern here are the poor returns on EPF. The asset management industry in Malaysia is very sub-par. You need to figure out your retirement old-age strategy, and that means » Click to show Spoiler - click again to hide... « NOT ONLY SAVING BUT ENSURING GOOD RETURNS AND COMPOUNDED GROWTH OVER A LONG TIME HORIZON. Strive for at least 10% returns or higher per year over the next 30 years, as you need to also account for the direction of the MYR, which is not stable. Unfortunately, FDs only offer around 4% for the last few years, and the lowest cost funds like ASW only offers 6-7%. I hope Index Funds and ETFs become available at near-free cost to Malaysians in the near future. Paying 6% sales charge on Malaysian-sold mutual funds that have 2% annual cost fees and still underperform their target market index is a giant sham. In other countries like the US, low-cost index funds/ETFs have been the way to go for the last few years for retail investors, as recommended by Warren Buffett, and total per annum fees on these funds are usually 0.10% or less with 0% sales charge. What a world of difference. dear lord, granted u are new to lowyat. pls use the spoiler button in future. thank you lord yes the damn frontend is unforgiveable but this is m'sia and as long as people are apathetic, nothing will change
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okuribito	Jan 28 2018, 11:39 PM Return to original view \| Post #73
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(rainbird @ Jan 28 2018, 11:25 PM) So many FD experts here but no one sharing how they do the switch? Lol it's all over the thread ... need spoonfeed? oh wait, a professor will give u his thesis soon
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okuribito	Jan 29 2018, 08:46 AM Return to original view \| Post #74
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(gsc @ Jan 29 2018, 02:14 AM) It is incorrect calculation. As I have said earlier you need to look at it from another angle. Assume you place the monthly repayment into saving account every month and earn the interest, you will find that you are losing out. yes, that's the simple alternative strategy which is often under estimated IF you have a SA which gives you ONLY 2%pa but interest credited monthly AND you save 1,393 monthly , you'll be surprised the future value will be about 1.4k more than the 86,401 from a 5 yr FD at that 4.x% rate calculated earlier.
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okuribito	Jan 30 2018, 02:10 PM Return to original view \| Post #75
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(aeiou228 @ Jan 30 2018, 11:51 AM) If you put FD now @ 4.3%, you will get about the same effective yield compare to you wait 2 weeks time and put FD @ 4.5%. Provided that you can secure a 4.5% rate in 2 weeks time. Anything longer than 2 weeks time, your effective return will be lower than 4.3% FD placed today. best advice here in ages
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okuribito	Feb 1 2018, 07:01 PM Return to original view \| Post #76
Regular Senior Member 1,021 posts Joined: Mar 2010	think about the interest you WON'T get if you withdraw before maturity. Then you will know what to do LOL
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okuribito	Feb 2 2018, 05:10 PM Return to original view \| Post #77
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(Amanda85 @ Feb 2 2018, 03:10 PM) so desperate until rm800 also want? hahaha think positive lah. There are people who are just starting out & want to get into the habit of saving ... I'd say HLB is being nice ... hlb progressive
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okuribito	Feb 20 2018, 11:17 AM Return to original view \| Post #78
Regular Senior Member 1,021 posts Joined: Mar 2010	Gong Xi Gong Xi. Intend to do an FPX to HLB for the online FD 4.38%/18mths from Bk Rakyat. Checked irakyat faq which says fee "to be notified". Has anyone tried before? Any idea how much is the fee?
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okuribito	Apr 22 2018, 08:19 PM Return to original view \| Post #79
Regular Senior Member 1,021 posts Joined: Mar 2010	QUOTE(cherroy @ Mar 23 2018, 02:43 PM) Please do not post incorrect info. Individual's FD bank interest and all deposit with licensed banks in Malaysia are tax exempted disregard the amount. While for company and corporate, FD/deposit interest are taxed at respective corporate rate. B3 INTEREST Income in respect of interest received by individuals resident in Malaysia from money deposited with the following institutions is tax exempt: (i) A bank or a finance company licensed or deemed to be licensed under the Financial Services Act 2013; (ii) A bank licensed under the Islamic Financial Services Act 2013; (iii) A development financial institutions prescribed under the Development Financial Institutions Act 2002; (iv) The Lembaga Tabung Haji established under the Tabung Haji Act 1995; (v) The Malaysia Building Society Berhad incorporated under the Companies Act 2016; (vi) The Borneo Housing Finance Berhad incorporated under the Companies Act 2016; (vii) Co-operative societies registered under the Co-operative Societies Act 1993. source... http://lampiran2.hasil.gov.my/pdf/pdfam/Ex...es_BE2017_2.pdf This post has been edited by okuribito: Apr 22 2018, 08:21 PM
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okuribito	Apr 24 2018, 06:29 PM Return to original view \| Post #80
Regular Senior Member 1,021 posts Joined: Mar 2010	Anyone remember the 4.88% 6m HLB special last year? 3rd Nov, Page 209 of this thread My records show that it's maturing 3 May next week & that it is a no-cert eFD. Wondering what's my options for moving the money out to other banks. Do I have to uplift it online & trsfr to my savings account online? Of can I go to nearest branch & do over the counter? Banker's cheque possible? Hope Ambank 4.4% masih ada next thursday This post has been edited by okuribito: Apr 24 2018, 06:39 PM
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