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

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MakcikLum
post Apr 27 2019, 01:15 AM

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Hi, anyone know about the term & condition at the flyer for Bank Islam Go-7 FD of "Rates are subject to change from time to time" ?
Is that means the rates show on the flyer could be lower before end of the 24th months?
confused.gif smile.gif

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MakcikLum
post Apr 28 2019, 01:39 AM

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QUOTE(guy3288 @ Apr 27 2019, 08:59 AM)
FD promotions always have that for banks to revise and change rates,but existing FDs have not been affected  so far.
Many in here put alot in B Islam, have faith,  negligible risk BI will go against their words.
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Thanks Guy3288 for the reply, anyone else who is existing joining the Go 7 campaign, can share the experience?
I have no offend to BI, just wondering whether I should place my FD with BI or other bank
Hai-ya auntie mah ... "kia-si" a bit ... but the interest is high ... hard to let go ... so ... tongue.gif biggrin.gif
MakcikLum
post Apr 28 2019, 01:50 AM

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QUOTE(jusjul @ Apr 27 2019, 02:21 PM)
affin 6 month interest crediting while MBSB can get monthly interest.
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rclxms.gif Oh ... you mean MBSB 4.48% is still available? any news that it will extend to end of May? My FD is mature in end-May so I am looking around which bank hv best offer tat time ...
MakcikLum
post May 2 2019, 04:12 PM

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QUOTE(TOMEI-R @ May 2 2019, 02:49 PM)
Just saw this. Anybody manage to place?[attachmentid=10237588]
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FYI, The Effective rate is only 3.75%p.a, plan for short term placement ? blink.gif smile.gif
MakcikLum
post May 2 2019, 04:21 PM

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QUOTE(Wong Kit yew @ May 2 2019, 03:38 PM)
In Bank Islam to ask about 2 years FD at the rate of 4.65%. The teller said the quota is almost full and is going to end tomorrow. Luckily my FD with Affin Bank, 2 years 4.25% is going to mature tomorrow. I will place it by buying bank cheque tomorrow.
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I think better you go early in the morning tomorrow ...
I just went to BI, the teller told me the same thing ... target almost full & she asked me the placement amount & call HQ to confirm, luckily still can ... sweat.gif
MakcikLum
post May 2 2019, 07:57 PM

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QUOTE(lowya @ May 2 2019, 04:42 PM)
anyone calculated the effective per annum rate?
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Hi, the Effective rate is only 3.75%p.a (CIMB 3 months FD with CASA at 5%)
MakcikLum
post May 4 2019, 03:46 AM

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QUOTE(KuzumiTaiga @ May 4 2019, 12:51 AM)
hi, would like to place FD for 3/6 months

CIMB 5% promo is the best right now is it? for 3 months, basically it's like a typical FD right but uplift in 3 months? coz i don't understand the 1:3 ratio thingy, hope someone can explain to me.. thanks!
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Let's take the example shown on CIMB flyer,
FD Principal = RM500K CASA Embark = RM167K
Ratio is 3 : 1

5%p.a(per annum) at FD amount & assume CASA (saving/ current a/c) is no interest

so,
3 months FD interest is

(5%/12 months x 3 months) x RM500,000 = RM6,250

Effective rate per annum is

RM6,250 / 3 mths x 12 mths
(RM500,000 + RM167,000)

= 3.75% per annum

Ratio 3:1 means when you place RM300K as FD principal then you hv to put RM100K at CASA & maintain the amt at CASA for 3 months

QUOTE(MakcikLum @ May 4 2019, 03:46 AM)
Let's take the example shown on CIMB flyer,
FD Principal = RM500K   CASA Embark = RM167K
Ratio is                3            :                        1

5%p.a(per annum) at FD amount & assume CASA (saving/ current a/c) is no interest

so,
3 months FD interest is

(5%/12 months x 3 months)  x  RM500,000  = RM6,250

Effective rate per annum is

RM6,250 / 3 mths x 12 mths     x  100%
      (RM500,000 + RM167,000)

= 3.75% per annum


note : when calculate effective rate per annum,
you need to convert the 3 months interest earned to 12 months, that's why need to divided by 3 & times 12

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MakcikLum
post May 7 2019, 04:34 PM

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QUOTE(Giant @ May 7 2019, 03:32 PM)
FD rate will be lower soon...
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hai ... why always no luck ... when good rate offer time ... my FD haven't mature (end of May baharu mature) ... bangwall.gif

After the OPR rate down ... FD rate will goes down ... retired person like me have to makan roti putih only ... no rice to eat anymore cry.gif

Others might put money at share market but I not dare ... last time brought unit trust pun already make loss sad.gif
MakcikLum
post May 8 2019, 04:15 PM

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Sight ... even the ocbc booster (saving) account MyDeal's Rate is "Freeze" until further notice now ... most of the Bank already "over-reaction" on the OPR cut moves by BNM .


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MakcikLum
post May 8 2019, 04:41 PM

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All of us goes to buy belt now ... tie the stomach ... eat less lor ... less income now tongue.gif
MakcikLum
post May 8 2019, 11:44 PM

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QUOTE(cherroy @ May 8 2019, 05:10 PM)
It is not "over-reaction", but typically what banks need to do.

Some banks expect the rate cut will only come in on July meeting, so it may a bit "surprise" for some of them, now need to "react".

A large scale bank easily can have more than 100 bil deposit, a 0.25% difference could mean nearly 250~300 mil annually, so they to react on it.
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Hi are you the staff of the forum ? notice that there is a red colour "Staff" button appear below the avatar wor ...
MakcikLum
post May 15 2019, 02:18 PM

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QUOTE(taiping... @ May 15 2019, 01:01 PM)
Ive just placed wit BI

4.4% through bankers cheque

Since its bankers cheque, need to go back there on friday to collect the cert. when BC is cleared

No need open savings account

Shah alam branch
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Do you mean BI have promotion rate at 4.4% ? how long is the tenor, 12 months, 6 months ?
MakcikLum
post May 16 2019, 03:02 AM

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QUOTE(annoymous1234 @ May 15 2019, 08:11 PM)
Top eFD is which bank?
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QUOTE(Wong Kit yew @ May 15 2019, 09:15 PM)
Hong Leong Bank.
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Just found that HLB e-FD promo has change back to 3.95%, 6 months

https://www.hlb.com.my/en/personal-banking/...fd-i-promo.html

Is anybody plan to go to HLB ? Please help to check with the bank, the promo rate is 4% or 3.95% ?

Thanks smile.gif
MakcikLum
post May 16 2019, 03:13 AM

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QUOTE(#Victor @ May 8 2019, 06:10 PM)
new rate was effective at 4.00pm today
user posted image
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QUOTE(tinyorange @ May 13 2019, 11:42 PM)
hong leong new efd (period: 5.00pm on 13 May 2019 - 30 Jun 2019) 4.00% p.a. with min RM10,000 for 6 month tenure

user posted image

https://www.hlb.com.my/en/personal-banking/...fd-i-promo.html
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Why 8 May,4.00pm offer is 3.95%, 13 May change to 4%, 15 May change back to 3.95%, so fast ?? confused.gif

MakcikLum
post May 18 2019, 02:08 AM

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BSN Board Rates

12 months 3.45%
15 months & above 3.35%

https://www.mybsn.com.my/content.xhtml?contentId=127

Anybody went to BSN ? please update if there is new FD offer, thanks. biggrin.gif


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MakcikLum
post May 21 2019, 04:08 PM

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QUOTE(David_Yang @ May 20 2019, 02:55 PM)
Yes, Maybank SG has the 2.0% promo right now.
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The below link found at Ambank for foreign currency FD rates, let's check it out ...

https://www.ambank.com.my/eng/promotions-pa...ialRateCampaign
MakcikLum
post May 22 2019, 04:35 PM

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QUOTE(Wong Kit yew @ May 22 2019, 11:00 AM)

Affin Bank      4.35%  24 months (Pls confirm)                                I will try to ask when I place FD with them this coming Friday.
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QUOTE(lowya @ May 22 2019, 01:51 PM)
this min 50k
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Limit to minimum 50K & above ? promotion end when ? Please confirm. Thanks. smile.gif
MakcikLum
post May 24 2019, 12:13 AM

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QUOTE(Deal Hunter @ May 22 2019, 04:34 PM)
UOB Mid-Year 2019 FD Promo for FD Plus and FD Plus-i
20 May to 30 June 2019
Minimum 10k, maximum 5 million.
Monthly payment to CASA account.
3.75% p1m4
3.85% p1m7
3.96% p1m12
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QUOTE(Deal Hunter @ May 23 2019, 05:34 PM)
RHB promo
20 May to 31 July 2019
Minimum 10k
3.8 % p0m8
4.0 % p0m15

MBB no promo
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Hi, would you please assist to clarify the difference between the short-form used above.
What is indicate by p1m4 & p0m8,
m4 means 4 mths, & m8 means 8 months but
p1 is ? p0 is ? Kindly clarify, thanks. smile.gif

MakcikLum
post May 26 2019, 02:32 AM

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OCBC Promo

6mths 3.60%
12mths 3.85%

min. RM10,000

Details :
https://www.ocbc.com.my/personal-banking/ac...d-deposit.html#

This link also indicate the foreign currency interest rates, filter by country

https://www.ocbc.com.my/personal-banking/ac...d-deposit.html#

The link also show foreign currency interest rate, just change the the currency by country & will see the respective rates

https://www.ocbc.com.my/personal-banking/ac...d-deposit.html#
MakcikLum
post May 27 2019, 12:30 AM

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QUOTE(Wong Kit yew @ May 26 2019, 07:54 PM)
Sound attractive, the link indicates 3 mths effective rates is 4.29%p.a
hmm ... which type of ASNB fund that's good perform currently ? Some of my friend said should buy equity type since falls below RM1.00/unit
I am not good in unit trust kind of fund or ASNB, anybody on the floor would like to advice/ brief ? Thanks. biggrin.gif

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