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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David_Yang	Dec 27 2017, 04:59 PM Return to original view \| Post #1
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(#Victor @ Dec 27 2017, 04:04 PM) Tenure? 12 months? yes, but end on friday. did a big 1yr OCBC 4,2% FD today and a small 3mth 3,9% CIMB.
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David_Yang	Dec 27 2017, 10:21 PM Return to original view \| Post #2
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(47100 @ Dec 27 2017, 06:58 PM) May I ask 4.2% OCBC need casa ? As I have a 360 account there I don´t know.
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David_Yang	Jan 17 2018, 08:44 PM Return to original view \| Post #3
Enthusiast Junior Member 775 posts Joined: Nov 2015	According to this list, MBSB is not a member of PIDM: http://www.pidm.gov.my/en/for-public/depos...)/member-banks/
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David_Yang	Jan 22 2018, 06:16 PM Return to original view \| Post #4
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(Deal Hunter @ Jan 22 2018, 02:16 AM) You should always do No. 2. No 1 is losing always. Never auto renew your FD - always lose big. Autorenewal can be useful if you don´t know if you are overseas at time of maturity. And if you go to the bank at maturity date you always can re-nego the interest rate and just cancel the auto renew if you are not happy.
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David_Yang	Jan 22 2018, 07:27 PM Return to original view \| Post #5
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(??!! @ Jan 22 2018, 07:43 PM) As of now, MBSB is not a bank. However, was informed that they have acquired a very small bank and will be operating as one in next few months. FASTEST----cash OK, I thought they applied for banking licence long time already and got it last year. Without PIDM-Protection I would not do business with them, let´s be true, for a non-bank their FD rates were really low. But good for them, so they should have worked out a stable base in the last years.
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David_Yang	Jan 25 2018, 07:57 PM Return to original view \| Post #6
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(Joe Yuan @ Jan 25 2018, 07:59 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. Yeah!!!!!!!!! Ready to paaaaaaaaaaaaaaaarty! OK, NOT ready, but the next FD matures end of March
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David_Yang	Jan 30 2018, 05:57 PM Return to original view \| Post #7
Enthusiast Junior Member 775 posts Joined: Nov 2015	No idea about AUD, but for USD and EUR they will be so low (or zero), that the bank is too ashamed to pubish it
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David_Yang	Feb 7 2018, 01:48 PM Return to original view \| Post #8
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(MeToo @ Feb 7 2018, 12:25 PM) For those who wanted to lock in FD for long period 1yr or above, maybe reconsider. Global market bubble every where, charts are all grossly overbought... US inflationary pressure, interest rate expected to increase 1998... 2008... 2018... If there is a global meltdown/correction, interest rate are likely to shoot thru the roof, in such a situation being locked down for 1~1.5 yrs FD is something we dont want to do.. I do not agree. Of cause, interest rates go up and down, that is true. But never ever shoot thru the roof in short term. In Malaysia the last famous big hike took place from 1987 to 1993, that is six years and not six months. See here: https://d3fy651gv2fhd3.cloudfront.net/chart...101&d2=20181231 And the interest rates in US and Eur-Zone move even much slower.
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David_Yang	Feb 7 2018, 03:25 PM Return to original view \| Post #9
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(babysiew @ Feb 7 2018, 04:18 PM) just went to hlb otc 4.3% 12m have to open savings account but becos it is joint account (all to sign) no debit card So it is the famous "basic savings account"
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David_Yang	Feb 27 2018, 04:54 PM Return to original view \| Post #10
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(kenny79 @ Feb 26 2018, 06:13 PM) Your branch manager is good . Although my tinny 100k only manage to get 4.35% with fresh fund status... Sighnnnn. Ipoh branch? Let´s annoy them a little bit with "People in KL get, we not? Cannot!".
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David_Yang	Mar 19 2018, 03:30 PM Return to original view \| Post #11
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(DuaLipa @ Mar 19 2018, 04:21 PM) I need to open a new saving account. But i dont know which bank give a better interest rate. Normally they will give us up to 2% till 3% . Just need to know which bank can give better rate when do a saving in our account? Help! Go for OCBC 360 and try to fulfull the 3 criteria to get 4,1%
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David_Yang	Mar 19 2018, 04:07 PM Return to original view \| Post #12
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(DuaLipa @ Mar 19 2018, 04:46 PM) 4.1% pa or only once when you do a saving acc? pa, there is a topic here about OCBC 360 for more information
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David_Yang	Mar 20 2018, 12:02 AM Return to original view \| Post #13
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(mrhseinpingq @ Mar 20 2018, 12:25 AM) Is it easy to open a CASA nowadays? Just IC will do? or need other document like tax payment I did not neet anything except IC. But I always opened my CASA accounts parallel to FD placement.
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David_Yang	Mar 20 2018, 01:49 PM Return to original view \| Post #14
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(fresbee @ Mar 20 2018, 02:21 PM) hey guys, both hlb and cimb bank fd need to go back to home branch to uplift or can do it in other branches, pls advise cimb can go to any branch
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David_Yang	Mar 23 2018, 07:26 PM Return to original view \| Post #15
Enthusiast Junior Member 775 posts Joined: Nov 2015	Asked at CIMB today about preferred FD rates: 3month: 3,90 6month: 3,85 12month: 4,20 No hassle and no fresh funds, 12month@4,2 sounds OK for me. Only 4,5 up could motivate me to shift around.
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David_Yang	Mar 26 2018, 11:24 AM Return to original view \| Post #16
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(fairylord @ Mar 26 2018, 10:47 AM) Ambank 4.3% HLB 4.2% CIMB 4.1% CIMB preferred?
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David_Yang	Mar 26 2018, 11:30 AM Return to original view \| Post #17
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(fairylord @ Mar 26 2018, 12:26 PM) Nope OTC Thanks, guess preferred brings usually 0.1% more. But everything that starts with a 4 i like This post has been edited by David_Yang: Mar 26 2018, 11:30 AM
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David_Yang	Mar 27 2018, 02:19 PM Return to original view \| Post #18
Enthusiast Junior Member 775 posts Joined: Nov 2015	Thanks for this, Wong Kit yew! I never thought I will do business with Bank Islam (they deal with non-muslims,right?), but this offer is really nice.
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David_Yang	Apr 2 2018, 05:55 PM Return to original view \| Post #19
Enthusiast Junior Member 775 posts Joined: Nov 2015	Banking around today to see what April brings... AmBank: 4.2 (6 mth), 4.4 (12 mth) Affin bank: 4.2 (12 mth), 4.3 (15 mth) OCBC: 3.88 (6 mth), 4.2 (12 mth)
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David_Yang	Apr 2 2018, 11:13 PM Return to original view \| Post #20
Enthusiast Junior Member 775 posts Joined: Nov 2015	QUOTE(JLHC @ Apr 2 2018, 11:48 PM) Can you confirm that AmBank still offers 4.4%? Called and they said this week's promo is 4.3%. 4.4 is what I was told today in the branch. I asked how long valid, they don´t know.
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