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

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gsc
post Jul 8 2017, 12:26 AM

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QUOTE(y3ivan @ Jul 7 2017, 11:37 PM)
Just reading the TnE of the "special" promotion to be eligible for the 7% if doing the incremental deposit to CASA account.

It seems to be based on the (total sum of balance from 7-13th )/7  -  closing balance on the 6th.

So need to maintain the additional 1000 for at least the period to qualify for the 7%. If didn't add today then you have to add more tomorrow... the longer you wait the more you need to top-up. Is this true???
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Which part said incremental?

This post has been edited by gsc: Jul 8 2017, 12:27 AM


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gsc
post Jul 11 2017, 12:24 AM

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QUOTE(bbgoat @ Jul 10 2017, 10:49 PM)
Day 1 ? When was CTOS established ?  tongue.gif

The RM type in my name in Google. Got a list of results then printed out like 2 pages of it.  biggrin.gif
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If she Googles bbgoat, she will get many pages on Lowyat FD... biggrin.gif .Citi Gold prcvides special rate on birthday month. Did you ever take it up?
gsc
post Jul 11 2017, 10:54 PM

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QUOTE(bbgoat @ Jul 11 2017, 10:34 PM)
Haha, looks like some us have the same Affin 4.5% maturing.  rclxms.gif
Have asked HL staff initially said need to keep for 7 mths. Then asked officer, he said can close one eye so u can remove it anytime. Anyway tomorrow will confirm. BUT I may change my mind ................ devil.gif
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Either deposit 1k into CASA or deduct 1k from the TT money (from other bank). If you TT 50k into HL, only 49k eligible for the 4.3% walk in promo.

No strict rule that must keep the 1k in CASA.

The cert will print up to 7% interest as it is a step up promo.

If you prefer statement instead of cert., ask for Islamic FD but you need to have Islamic SA as well.
I always prefer statement as any lost of cert will cost RM25.

Public and Am bank still using the cert.

Good news, HL bank allowed withdrawal in any branch upon maturity.


gsc
post Jul 12 2017, 11:29 AM

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QUOTE(cybpsych @ Jul 12 2017, 06:39 AM)
PB Super FD / TD-i Campaign [ PBB ]

- Click here for Flyer (English & Chinese) - Click here for Flyer (Bahasa Malaysia)

- Click here for Terms and Conditions (English) - Click here for Terms and Conditions (Bahasa Malaysia)

user posted image
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Thanks for sharing.
12 months effective 4.01%, Monthly interest.
Promo till 30 Sept. Not that competitive now compare to Am, UOB but could be a good rate in Sept when others banks have ended their promo.

Public bank has very clear terms and conditions on fresh funds (7days) and premature withdrawal.
gsc
post Jul 17 2017, 04:18 AM

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QUOTE(Smile0808 @ Jul 15 2017, 05:51 PM)
Thanks
Any different between conventional and Islamic ?
Which give the best?
Sorry first timer
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For HL bank,
Both same interest rate. Conventional is with cert whereas Islamic is statement base. Cert means you have to keep it probably, any loss of cert need to pay, I think RM25. Statement base does not need to bring the statement for renewal. More convenience.

For Cimb
Islamic FD - monthly dividend or interest credited into saving account
Conventional - interest payable only upon Maturity of FD .
This is for their current unfixed deposit.

This post has been edited by gsc: Jul 17 2017, 04:19 AM
gsc
post Jul 19 2017, 10:59 AM

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QUOTE(bbgoat @ Jul 18 2017, 08:18 PM)
No, I did not receive any SMS on that campaign promo. Maybe I did not have any credit card with them yet, just applied for AmBank free Visa Infinite 2 weeks ago.
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To join the campaign, either spend or save. Placement of FD is considered as saving. If i am not mistaken for every rm2000 you are entitled to 50 entries. But you need to register first.
This is the bonus of placing at Am bank

4.2% for 12 month for premier customer.
Monthly interest if above 50 years old (Am bank has the lowest age limit for senior citizen)
Bonus draw

Whoever get the lucky draw, please let us known.

This post has been edited by gsc: Jul 19 2017, 11:04 AM


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gsc
post Jul 19 2017, 12:11 PM

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QUOTE(ProxMatoR @ Jul 19 2017, 11:22 AM)
Yes, u are right, u get 50 entries for every RM2000. but, 4.2% & 4.1% rate is not eligible for this campaign.....
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Thanks for the correction
gsc
post Jul 20 2017, 12:59 PM

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QUOTE(gsc @ Jul 19 2017, 10:59 AM)
To join the campaign, either spend or save. Placement of FD is considered as saving. If i am not mistaken for every rm2000 you are entitled to 50 entries. But you need to register first.
This is the bonus of placing at Am bank

4.2% for 12 month for premier customer.
Monthly interest if above 50 years old (Am bank has the lowest age limit for senior citizen)
Bonus draw

Whoever get the lucky draw, please let us known.
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Sorry on the wrong info.
4.1 and 4.2% FD promo not entitled to the draw.
Only the 5 months + 5 months FD or any deposit are allowed to participate.

HL eFD or EPF.
I was thinking which one shall I go for it.

Those self employed can deposit maximum 60k. You can do it on line through May or Public bank. It is as simple as making eFD online. No need fill in form.
gsc
post Jul 20 2017, 11:41 PM

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QUOTE(kit2 @ Jul 20 2017, 06:14 PM)
11pm
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Cut off is 12 midnight

gsc
post Jul 21 2017, 12:50 AM

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QUOTE(kit2 @ Jul 20 2017, 11:47 PM)
are you sure?

https://www.hlb.com.my/content/dam/hlb/my/d...deposit-tnc.pdf

"The Promotional eFD / eFD-i Rates are available to Eligible Customers for placements made through Hong Leong Connect between 6.00 a.m. and 11.00 p.m., seven (7) days a week, or during such hours as stipulated by HLB / HLISB at Hong Leong Connect."
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I made 2 eFD around 1145pm and it shows 4.17% interest
gsc
post Jul 21 2017, 01:02 AM

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QUOTE(bbgoat @ Jul 19 2017, 08:46 PM)
Received call from AmBank branch's ABM. Their 12 mth FD 4.1/4.2% (for their PB) has reached 85% quota. So those that want to go for the promo need to hurry !  biggrin.gif
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RM informed effective today 21 Jul, priority rate revised to 4.19%. Kind of strange, drop by 0.01%.
gsc
post Jul 26 2017, 02:46 AM

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QUOTE(bbgoat @ Jul 25 2017, 05:53 PM)
Confirmed with AmBank their current promo for their PB is 4.17% 12 mth with min of 50k. Lowered from 4.2%.

So OCBC 4.18% 12 mth FD min 10k is slightly better.  biggrin.gif
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My RM messaged me it is. 4.19% as I have reported earlier. I asked her drop by 0.01%. She confirmed yes. Will check again with her later.
gsc
post Jul 26 2017, 01:56 PM

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QUOTE(bbgoat @ Jul 26 2017, 08:47 AM)
The 4.17% is the one that the ABM of AmBank told me over the phone late yesterday. Odd figure like the 4.19% u reported few days (or longer ?) earlier. Please confirm again, they may be slowly adjusting the FD promo.  tongue.gif  biggrin.gif
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RM said dropped to 4.17% yesterday
gsc
post Jul 30 2017, 01:04 PM

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QUOTE(FirstOne @ Jul 29 2017, 06:49 PM)
Why does walk in place FD have higher rate than online FD ~.~
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Banks want to sell you other products. Through customer interaction, some bank staffs will tell you can get better return than FD.
Most members here are old birds, have already made up their minds on FD, wont easily influenced by the sales talk.

Walk in promo is a good bank sales strategy but most of the times, the bank staffs are so busy with FD placements, they dont bother to promote other products.

gsc
post Jul 31 2017, 02:16 PM

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QUOTE(Kamen Rider @ Jul 31 2017, 11:25 AM)
Question when i placed a FD in HL bank branch A, upon maturity , can i withdraw in branch B? ..... if it said, maturity on 31-Jul-2017, means today i can go and take out the money?
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Yes. Any HL branch. If cert type, need the cert. Lost cert charge rm25.
gsc
post Aug 1 2017, 02:45 PM

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QUOTE(DIYHOMEFIX @ Aug 1 2017, 08:12 AM)
we just open fd enough  i scare they ask us open saving account  sad.gif
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Then how does bank deposit the monthly interest?
gsc
post Aug 9 2017, 01:14 PM

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QUOTE(newbiz2008 @ Aug 9 2017, 12:24 PM)
package 1 deposit rm10k at casa rm10k in fd
package 2 deposit rm10k at fd and buy rm10k ASNB unit trust
package 3 deposit rm10k at fd and buy rm10k any unit trust products
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10k is the minimum investment in others or the ratio is 1:1
gsc
post Aug 10 2017, 12:28 AM

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QUOTE(Sitting Duck @ Aug 9 2017, 07:35 PM)
Renewed existing FD with CIMB Preferred Account Islamic FD 12 Months 4.1%. Approval needed from HQ. No top up needed.

Also asked about Ambank FD promotion. 12 Months 4.15% min 10K. Ask whether can get 4.2% for priority banking from the front desk officer but was given a cold shoulder.

Thank you everyone that has shared and contributed to this thread. Helped me a lot with my FD deposits for the past few years. Keep up the good work.
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12 months 4.15%, thought it is 4.10%
gsc
post Aug 10 2017, 12:46 AM

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QUOTE(themanf2003 @ Aug 9 2017, 05:47 PM)
check with affin penang branch : ratio on 4.58% promotion is 90: 10
example : 90K into fd at 4.58% and 10k into CASE earning on the board rate

please take note, it is not like what other says about 1 : 1 ratio or 10 : 10 ratio
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Assuming the 12 months board saving rate remains at 2.15% for two years.
FD 90k for two years, 10k locked in for two years. Interest not compounded.
Total interest earned is 8674 for two years which is equivalent to 4.337% per year for 12 months.



This post has been edited by gsc: Aug 10 2017, 04:01 AM
gsc
post Aug 10 2017, 03:51 AM

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QUOTE(Deal Hunter @ Aug 10 2017, 02:26 AM)
Please check, the 10k unlikely at 3.95%. wef 1 Jun 2917, 1 year normal board rate was down to 3.80%.
Anyway it is supposed to be CASA and not normal FD.

wef 1 August 2017, for the savings band which 10k falls in:-

Affin Gold (senior) Savings at 2.15%

Ordinary, Statement and Junior at 1.45%

Affin Plus at 0.75%

Basic at 0.65%

At best, if 90k FD and 10K at Affin Gold (Senior), get 8244 + 430 = 8674 for 100k lock in.
This is 4.337% p.a. for 2 years.
Not competitive against 4.3% p.a. for 1 year especially if get monthly interest payment at Bank Muamalat and opportunity of rising FD rates.

Note that if 100k FD and 10k SA, the rate is slightly more.
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Yes you are correct, i have mstaken the Saving rate as FD rate.
With 2.15% saving rate and interest rm215 earned for first year carried forward to year 2, the effective rate is 4.339%.

I dont think bank Muamalat is giving monthly interest as I have made placement there.
Bank Muamalat needs rm100k minimum placement whereas Affin bank does not need that amount.

The ratio is 9: 1, not 10:1. Of course logically a higher portion in FD will push the effective rate higher.

This post has been edited by gsc: Aug 10 2017, 03:59 AM

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