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

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TOMEI-R
post Dec 30 2016, 05:03 PM

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QUOTE(mhspeng @ Dec 30 2016, 11:11 AM)
Yes... Its a 2 months  of 4% and 3 months of 4%.  For today and tomorrow..
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Tomorrow's a Saturday.... rclxub.gif
TOMEI-R
post Jan 29 2017, 10:49 AM

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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.
TOMEI-R
post Jan 29 2017, 04:04 PM

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QUOTE(adele123 @ Jan 29 2017, 02:59 PM)
I calculated based on current progress, unlikely will hit the 888mil. I like it for the convenience. Duration currently match my needs, coincidentally.
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Agreed. Looks like an impossible feat @ marketing hype to attract depositors.
TOMEI-R
post Feb 2 2017, 11:45 AM

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QUOTE(galaxynote259 @ Feb 1 2017, 02:52 PM)
today maybank is not sending me TAC, is anyone also facing this problem?
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Most probably a system error. Try again later.
TOMEI-R
post Feb 2 2017, 06:37 PM

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QUOTE(roimekoi @ Feb 2 2017, 01:45 PM)
Uob  4.45 for 1:1 ut: FD
5.05 for  2:1 ut:FD

6month
Anyone knows which best  bundles for it:FD?

Uob ut is affin hwang select income
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Dont understand the promo. Mind elaborating?
TOMEI-R
post Feb 3 2017, 12:25 AM

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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

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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Thanks but no thanks. Prefer straighf fds only.
TOMEI-R
post Feb 3 2017, 10:57 AM

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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.

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.
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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. tongue.gif

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?
TOMEI-R
post Feb 3 2017, 04:30 PM

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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.

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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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.
TOMEI-R
post Feb 4 2017, 03:42 PM

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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 .
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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.
TOMEI-R
post Feb 11 2017, 11:55 AM

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QUOTE(vcj @ Feb 8 2017, 05:46 PM)
Just curious,  why nobody mentioned HLB 4.18%? Any catch? 
Am thinking of placing FD there.
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Its only Rm377,250,902 now and you have like 17 days more to achieve Rm888,888,88. sweat.gif
TOMEI-R
post Feb 13 2017, 11:50 AM

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QUOTE(labtec @ Feb 12 2017, 03:05 PM)
may i know which bank allow to place fix deposit with online banking?

i know citibank can but how about other bank?
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Hong Leong Connect.
TOMEI-R
post Feb 13 2017, 03:36 PM

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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.
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Its the other way for Hong Leong. You can perform online placement to get their special rates this round. laugh.gif Anyway, its not about online or onsite placement, rates seem to depend on whether yours are fresh funds or existing funds.
TOMEI-R
post Feb 14 2017, 01:49 PM

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QUOTE(benlaw @ Feb 13 2017, 05:05 PM)
4.88% fd is for hsbc premier account only?
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I dont think its direct FD or its only for new account holders. Maybe someone who took this offer can clarify?
TOMEI-R
post Feb 14 2017, 02:21 PM

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QUOTE(ProxMatoR @ Feb 14 2017, 01:56 PM)
If not mistaken, it is only applicable to 1st FD (direct), 3months? and maximum of 200k.
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Yes... as usual. For new customers only and you have to be in premier banking to enjoy that interest rate.
TOMEI-R
post Feb 16 2017, 11:22 AM

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QUOTE(blurblursam @ Feb 15 2017, 08:02 PM)
If I have RM100 to place FD...
Can get special rate from bank?
Which bank usually can give high rate?
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Rm100? Nope, banks dont allow FDs in that amount.



If you are talking about Rm100k, its considered a 'usual' amount. You cant even qualify for Premier banking in certain banks with that amount.
TOMEI-R
post Feb 20 2017, 06:00 PM

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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
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I totally hope so, so that all depositors efforts will not be in vain. tongue.gif

QUOTE(gsc @ Feb 18 2017, 11:43 PM)
I think they may extend the target date on fund size for another one to two months.
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Its still very far off from the target 888,888,888.88 as of today and its slowing down. Dont think they will extend.
TOMEI-R
post Feb 20 2017, 06:02 PM

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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?

by the way, do we must have slip, since the FD i done is through online, thanks smile.gif
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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.

QUOTE(xiaobaiwm @ Feb 19 2017, 11:26 PM)
more like Rm is devaluing
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That is confirmed already and it is devaluating as we speak. doh.gif

TOMEI-R
post Feb 21 2017, 11:50 AM

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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.
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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.
TOMEI-R
post Feb 21 2017, 02:50 PM

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QUOTE(spyew @ Feb 21 2017, 12:55 PM)
About AM bank current promotion, this is what they showed at the counter. Anyway, I didn't ask about monthly interest.
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Best deal I would say if one does not prefer putting their money into non banking institutions.
TOMEI-R
post Feb 23 2017, 05:03 PM

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QUOTE(carentan @ Feb 23 2017, 04:17 PM)
i did, mostly 3% +-
just check here see any special package or not.
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That is the standard rates. For promo rates, you need to keep updated with the bank's latest promo or hang around in this thread for latest info. tongue.gif

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