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

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siawyent
post Apr 12 2018, 03:21 PM

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QUOTE(pearl_white @ Apr 12 2018, 02:22 PM)
It is a good deal if you are getting monthly interest credited into the SA every month.  4.65% nominal would yield 4.75% effective p.a. off my head.  Should be enough to be above the line of promo interest rates for the next 18 months.

Bank Islam promo is not really a good deal because the 12 months effective is less than 4.5% and no monthly interest credited to a/cs.
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No, the RM said already special rate, cannot monthly interest, interest is on Maturity. But I'm lazy to move around, so just get this deal.

Bank Islam effective rate is 4.65%, what do you mean by 4.5%?
ftan
post Apr 12 2018, 03:23 PM

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QUOTE(sam sam @ Apr 12 2018, 01:47 PM)
I place a fd at am bank subang. At counter 4.4% without any negotiation
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Ss15 branch? Good to know.
Imsexyandiknowit
post Apr 12 2018, 04:31 PM

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QUOTE(siawyent @ Apr 12 2018, 11:18 AM)
Just back from Mbsb, I showed them the Bank Islam offer and requested for same rate, 4.65% for 2 years.  Finally got approval and made it.  So save the hassles to move funds around.

If anyone got big amount can try to nego with banks.  And pls share with us in the forum, thanks ya :nod:
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may i know whch branch of mbsb offering such rates
,Please. thanks
aeiou228
post Apr 12 2018, 05:44 PM

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QUOTE(siawyent @ Apr 12 2018, 03:21 PM)
No, the RM said already special rate, cannot monthly interest, interest is on Maturity.  But I'm lazy to move around, so just get this deal. 

Bank Islam effective rate is 4.65%, what do you mean by 4.5%?
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Effective return from MBSB 2 years FD @ 4.65%pa with full interest paid on maturity is equivalent to a 2 years FD @ 4.47%pa with interim interest paid quarterly (assuming quarterly interest is reinvested at the same nominal rate).

BI's effective rate should be slightly higher than 4.65% if it pay out interim interest on each quarterly rollover.

Just curious, MBSB has Relationship Manager too?
BoomChaCha
post Apr 12 2018, 09:21 PM

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QUOTE(Wong Kit yew @ Apr 11 2018, 04:10 PM)
I transferred from CIMB one day before doing FD in Bank Islam.
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Good job thumbsup.gif

QUOTE(siawyent @ Apr 12 2018, 11:18 AM)
Just back from Mbsb, I showed them the Bank Islam offer and requested for same rate, 4.65% for 2 years.  Finally got approval and made it.  So save the hassles to move funds around.

If anyone got big amount can try to nego with banks.  And pls share with us in the forum, thanks ya nod.gif
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If your FD maturity day is Saturday or Sunday, MBSB will not pay you weekend interest until you talk to them.

MBSB has converted to a bank since this month:
http://www.mbsb.com.my/

http://www.mbsbbank.com/

http://www.mbsbbank.com/consumer_deposit_term_deposit.html
MBSB Bank is a member of PIDM thumbsup.gif

This post has been edited by BoomChaCha: Apr 12 2018, 09:32 PM
WeddingStuff
post Apr 13 2018, 02:30 AM

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QUOTE(fourfourtwo @ Apr 12 2018, 03:17 AM)
Super hard to get benefits off Public Bank..not even bread crumbs!  sad.gif
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Yeah, Public Bank can be lansi one....

I wanted to put in xxk plus existing funds from savings and combine with funds from an old FD acct that I withdraw out already prior to this, but they declined the xxk and said only can put in the old FD amount (cannot add anything extra from savings).

They said the funds from my savings acct with them is not "fresh funds". Yet, I remember last time they approved it. It really depends on who the manager is.

Well, too bad for them then.

I'm not happy and going to take out more funds from Public Bank savings and put into another bank - as FD and savings. I will not be keeping a lot in Public Bank any more moving forward...........

Placing your money in different banks is not only safer, but also easier to move them around. Spread them around.

This post has been edited by WeddingStuff: Apr 13 2018, 02:34 AM
gsc
post Apr 13 2018, 05:16 AM

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Bank of China 12 months rate up to 4.4%....

4.4% applies to new customers only. Minimum placement RM150k.

Existing customer will get only 4.26%

Campaign ends 31July

This post has been edited by gsc: Apr 13 2018, 05:21 AM


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Duckies
post Apr 13 2018, 07:56 AM

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Any good FD rates in KL for small amount like 10 to 20k? Plan to put for 4-6 years.

Preferable Maybank, CIMB bank or Public bank since I have account there laugh.gif

This post has been edited by Duckies: Apr 13 2018, 08:36 AM
siawyent
post Apr 13 2018, 08:41 AM

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QUOTE(Imsexyandiknowit @ Apr 12 2018, 04:31 PM)
may i know whch branch  of mbsb offering such rates
,Please. thanks
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Kuching.

QUOTE(aeiou228 @ Apr 12 2018, 05:44 PM)
Effective return from MBSB 2 years FD @ 4.65%pa with full interest paid on maturity is equivalent to a 2 years FD @ 4.47%pa with interim interest paid quarterly (assuming quarterly interest is reinvested at the same nominal rate).

BI's effective rate should be slightly higher than 4.65% if it pay out interim interest on each quarterly rollover.

Just curious, MBSB has Relationship Manager too?
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Oic. yes, it must be better for BI's offer as it is giving quarterly interest, but I'm just too lazy to go BI to open FD and Savings a/c.

I don't really know her position, whether is RM or CS. But this officer handle all my banking matters with Mbsb, just my guess hmm.gif . Her service is ok, so sometimes I may still stay with her even Mbsb's rate is slightly lower than the best offer in town.

This post has been edited by siawyent: Apr 13 2018, 09:41 AM
siawyent
post Apr 13 2018, 08:47 AM

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QUOTE(BoomChaCha @ Apr 12 2018, 09:21 PM)
Good job  thumbsup.gif
If your FD maturity day is Saturday or Sunday, MBSB will not pay you weekend interest until you talk to them.

MBSB has converted to a bank since this month:
http://www.mbsb.com.my/

http://www.mbsbbank.com/

http://www.mbsbbank.com/consumer_deposit_term_deposit.html
MBSB Bank is a member of PIDM  thumbsup.gif
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Ok, thanks for the info. Will request for the interest if mine falls on weekends.
Imsexyandiknowit
post Apr 13 2018, 09:42 AM

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[quote=siawyent,Apr 13 2018, 08:41 AM]
Kuching.

thanks for the info..looks like it is difficult to convince my branch as they do not believe it that kuching branch has such rates.

siawyent
post Apr 13 2018, 09:45 AM

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[quote=Imsexyandiknowit,Apr 13 2018, 09:42 AM]
[quote=siawyent,Apr 13 2018, 08:41 AM]
Kuching.

thanks for the info..looks like it is difficult to convince my branch as they do not believe it that kuching branch has such rates.
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[/quote]

I think they have to ask approval from HQ.

Imsexyandiknowit
post Apr 13 2018, 10:07 AM

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QUOTE(siawyent @ Apr 13 2018, 09:45 AM)
I think they have to ask approval from HQ.
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they tried but not approved..too bad.thanks anyway

ftan
post Apr 13 2018, 12:15 PM

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Went to ambank today. Got the 4.4% fd rate. The officer said the fd rates promo will be weekly and they can’t tell how long the 4.4% will last.
blackstar88
post Apr 13 2018, 02:55 PM

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what is the min amount for 4.4%?
saw a screen for bank rakyat 4.55% just now.
neil888
post Apr 13 2018, 03:18 PM

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QUOTE(blackstar88 @ Apr 13 2018, 02:55 PM)
what is the min amount for 4.4%?
saw a screen for bank rakyat 4.55% just now.
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1) If I'm not wrong, Ambank 4.4% min amount is 10k.
2) Called Bank rakyat tollfree justnow, according to that person 4.55% is for 60 months with min amount of $500. Maybe someone can help to double chk this info. TQ
Wong Kit yew
post Apr 13 2018, 08:59 PM

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QUOTE(neil888 @ Apr 13 2018, 03:18 PM)
1) If I'm not wrong, Ambank 4.4% min amount is 10k.
2) Called Bank rakyat tollfree justnow, according to that person 4.55% is for 60 months with min amount of $500. Maybe someone can help to double chk this info. TQ
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BoomChaCha
post Apr 13 2018, 09:29 PM

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Thanks for the info.. thumbsup.gif

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annoymous1234
post Apr 14 2018, 11:59 PM

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Any promo for hong leong online FD?
gchowyh
post Apr 15 2018, 12:14 AM

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CIMB Unfixed deposit is offered at 4.2% 12 months for preferred banking customers at some branches

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