QUOTE(mhspeng @ Dec 30 2016, 11:11 AM)
Tomorrow's a Saturday.... Fixed Deposit Rates In Malaysia V. No.15, Strictly for FD Discussion Only
Fixed Deposit Rates In Malaysia V. No.15, Strictly for FD Discussion Only
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Dec 30 2016, 05:03 PM
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#1
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All Stars
23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
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Jan 29 2017, 10:49 AM
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#2
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All Stars
23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
Anyone plying HL's online FD promotion at 4.18%? Still quite a far way to go to RM888,888,888.88 I must say. The Rm30000 placement per day is troublesome and tiring as they make you tranfer your funds from other banks to FPX. Having said that, those interested better get your funds flowing as the amount targetted is still quite far away and its expiring next month end.
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Jan 29 2017, 04:04 PM
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#3
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All Stars
23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
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Feb 2 2017, 11:45 AM
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#4
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All Stars
23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
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Feb 2 2017, 06:37 PM
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#5
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All Stars
23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
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Feb 3 2017, 12:25 AM
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#6
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All Stars
23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
QUOTE(AIYH @ Feb 2 2017, 08:01 PM) For 6 months only, the UT just barely enough to cover the sales charge, which effectively reduce your interest rate Thanks but no thanks. Prefer straighf fds only.Not a bad fund to start with (less volatile), but buying UT from banks is not always a wise choice especially with such a short duration with FD and bank will charge max SC from you. 3% according to their fund fact sheet https://www.fundsupermart.com.my/main/admin...heetMYHWSIF.pdf For example you have 300k to put: Uob 4.45 for 1:1 ut: FD you need to put 150k in UT and 150k in FD 5.05 for 2:1 ut:FD You need to put 200k in UT and 100k in FD Unit Trust |
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Feb 3 2017, 10:57 AM
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#7
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23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
QUOTE(Deal Hunter @ Feb 3 2017, 12:37 AM) Bank Rakyat is not just any ordinary bank but a special cooperative set up by government for dealing with cooperatives deposits and loans. Thus it has an excellent way of getting money and a sort of captured market in co-ops and government servant loans. It has been around for a long time and its shareholders are usually quite happy with the profit shared. It is almost impossible to bankrupt, unless there is either a big crooked organisation stealing inside or a crazy management wasting its funds as it has only limited local risks as a cooperative. In the unhappy event, the government will be forced to support it even more so than if a normal bank crashes. I agree on. Only besides a possibility of mismanagement of funds, buying over priced properties and equipment like with the MARA case, it should be quite safe to bank with Bank Rakyat. There are some articles about this but off topic. The black and white by gomen to back the guarantee on the amount in the cert - maybe some govt people will respond. Something like that also in Islamic version of FD on buyback - but Islamic changes and variations and PIDM/PIDM equivalents in past and present are off topic and confusingly explained sometime as the Bank Rakyat FD is a kind of Islamic Term Deposit. Jokes aside, you wont lose your hard earned money with Bank Rakyat. Just look at the scandals rocking Tabung Haji, Mara and EPF, its still standing strong no? |
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Feb 3 2017, 04:30 PM
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#8
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23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
QUOTE(Deal Hunter @ Feb 3 2017, 04:19 PM) The banks in general do not seem to be so desperate for getting more cash thru nego rates in present economy. Growth of loans or their stock of funds and cashflow are probably quite comfortable. There is no competitive hoo-ha going on and everybody may be sitting on their hands to see how Trump affects things like US FOMC. Not to mention, banks are very cautious in giving out loans right now. Which could be one the reason why they are not in a rush to get in more funds.Even Maybank dropped their step-up FD Islamic promo to 3.91% from 4% before. HL eFd offer of 4% (possible 4.18%) still not showing good interest from depositors. The big banks do not seem really interested. Even small Affin OMG Combo TD-i have rates up to 3.98% only. Anyway, if a bank can hold things stable, they should wait till after the EPF rate comes out before going down or up. After all the 10 k promo is fighting for the spare money from the people who takes EPF or ASN into consideration. |
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Feb 4 2017, 03:42 PM
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#9
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23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
QUOTE(drbone @ Feb 4 2017, 07:50 AM) For me I feel just dumping some money into a 5 year FD saves so much hassle and since AmBank is giving a rather acceptable rate , no harm investing . But isn't the 5 years tenure a too long lock in period? But that is just me. I prefer one year fds so that we could weigh our options again and switch to other better deals (if there is any). But that is uo ti individual preferences. |
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Feb 11 2017, 11:55 AM
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#10
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23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
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Feb 13 2017, 11:50 AM
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#11
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23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
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Feb 13 2017, 03:36 PM
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#12
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23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
QUOTE(pangolin88 @ Feb 13 2017, 12:41 PM) Just wondering why banks give a better FD rate for over the counter deposit. Online FD usually give a lower rate. I hate going to the bank looking for a parking space then waiting for a counter number. Its the other way for Hong Leong. You can perform online placement to get their special rates this round. Anyway, its not about online or onsite placement, rates seem to depend on whether yours are fresh funds or existing funds. |
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Feb 14 2017, 01:49 PM
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#13
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23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
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Feb 14 2017, 02:21 PM
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#14
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23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
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Feb 16 2017, 11:22 AM
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#15
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23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
QUOTE(blurblursam @ Feb 15 2017, 08:02 PM) If I have RM100 to place FD... Rm100? Nope, banks dont allow FDs in that amount.Can get special rate from bank? Which bank usually can give high rate? If you are talking about Rm100k, its considered a 'usual' amount. You cant even qualify for Premier banking in certain banks with that amount. |
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Feb 20 2017, 06:00 PM
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#16
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23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
QUOTE(FDInvestor @ Feb 18 2017, 10:13 AM) For HLB FD Promotion, the T&C stated that even the targeted fund size is not met, there is possibility the bank may award Eligible customers with extra interest. I'm so curious how the bank will compute the extra interest. Probably will be (Accumulated Fund / Targeted Fund Size ) x 0.18% ? Currently, the accumulated fund has achieved more than 50% of the targeted fund size I totally hope so, so that all depositors efforts will not be in vain. QUOTE(gsc @ Feb 18 2017, 11:43 PM) Its still very far off from the target 888,888,888.88 as of today and its slowing down. Dont think they will extend. |
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Feb 20 2017, 06:02 PM
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#17
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All Stars
23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
QUOTE(vez @ Feb 19 2017, 12:11 PM) i have few fixed deposit done through online banking, can i proceed to bank to get the FD slip print out for me? Nope. Most banks are not giving out the slips like last time unless its a manual placement FD. You can screenshot your FD page online if you want to keep a copy of it.by the way, do we must have slip, since the FD i done is through online, thanks QUOTE(xiaobaiwm @ Feb 19 2017, 11:26 PM) That is confirmed already and it is devaluating as we speak. |
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Feb 21 2017, 11:50 AM
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#18
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23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
QUOTE(jusTinMM @ Feb 21 2017, 10:28 AM) Maybank offer me closed ended fund which is min. 4.5% per year for 3 years. After 3 years another average 2% bonus. Good deal? I concern that the money lock for 3 years. For me personally, I think 3 years is a too long lock in period. Who knows if any better deals may come along or there are other plans you have in mind later. |
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Feb 21 2017, 02:50 PM
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#19
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23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
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Feb 23 2017, 05:03 PM
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#20
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23,591 posts Joined: Mar 2007 From: Kuala Lumpur |
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