Welcome Guest ( Log In | Register )

Bump Topic Add Reply RSS Feed
81 Pages  1 2 3 > » Bottom

Outline · [ Standard ] · Linear+

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

views
     
bbgoat
post Dec 21 2016, 10:31 PM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
Congrates on V15 ! thumbup.gif

I am looking for FD promo's. guy3288 posted on below which seems to be good rate for me for the 9 mth one:

"MBSB negotiated rate 4.15% 6month min 50k, 4.2% 9 month min 200k"

Hoping that Jan will have even better FD promo ! rclxms.gif
bbgoat
post Dec 22 2016, 05:35 PM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(laymank @ Dec 22 2016, 03:46 PM)
I don't know of any FD that will get less interest if you chose to have the interest credited to saving account monthly.
*
MBSB has that "feature", check the below table:

http://www.mbsb.com.my/deposit_fixed_islamic.html
bbgoat
post Dec 23 2016, 10:31 AM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(TSOM @ Dec 23 2016, 09:04 AM)
sorry sorry .... I read wrongly... the current rate I'm receiving now is 4.7% but effective rate is 4.31% only. sad.gif

1-6th month = 3.4%
7-9th month = 4.7%
10-12th month = 5.75%
*
That is more like it. Before OPR cut in last July, MBB has not been offering FD as high as even 4.5% offered by other banks. Affin has 4.5% FD promo in July before OPR cut.
bbgoat
post Dec 23 2016, 10:38 AM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(heavensea @ Dec 23 2016, 10:31 AM)
https://www.imoney.my/articles/opr-expected...-be-cut-in-2017
*
That is kind of "old" news now (Nov 18th). With the USD rate going UP, what action BNM will take still need to be seen. biggrin.gif

This post has been edited by bbgoat: Dec 23 2016, 10:39 AM
bbgoat
post Dec 24 2016, 08:50 PM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(cklimm @ Dec 24 2016, 01:01 PM)
The last bank run in Malaysia was MBF berhad 1999, BNM took over the bank, and refunded the customers.
*
QUOTE(sandkoh @ Dec 24 2016, 08:30 PM)
bro, it is gia-i, not fd. just work like fd during normal time until ................ tongue.gif
*
I think people need to understand why MBB still has FD and GIA-i. There is still a difference for the two as far as MBB is concerned. biggrin.gif

This post has been edited by bbgoat: Dec 24 2016, 08:52 PM
bbgoat
post Dec 27 2016, 10:10 AM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(owodog91 @ Dec 27 2016, 09:52 AM)
actually cam go for RHB 4.1% for 6 month...
no need go for GIA
*
RHB deal need min 50k. If not bothered about PIDM, can go for MBSB, min 50k, 6 mth 4.15%.

I am planning to nego with MBSB on 9 mth 4.2% or higher. biggrin.gif
bbgoat
post Dec 27 2016, 12:12 PM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(starry @ Dec 27 2016, 11:50 AM)
Hi,
Anyone here knows PBB's policy in the calculation of FD interest of placements which matures on a weekend?
*
You have to tell the counter staff on this. They will calculate and give u the add'l interest. biggrin.gif
bbgoat
post Dec 27 2016, 01:12 PM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(starry @ Dec 27 2016, 12:32 PM)
Thanks for the reply bbgoat

The FD is placed for a tenure of 6 months under the following promotion step up rate:

[attachmentid=8313281]

So the interest for the final weekend should be based on board rate or promotion step up rate of 4.68%? This happened to my friend. One PBB branch calculated based on the board rate but another branch calculated based on the step up promo rate for FD placements which mature on a Saturday and uplifted on a Monday.
*
Based on my experience with few banks, most used the board rate. One of them seem to use the last rate on maturity as I calculated the add'l interest given which is more than the board rate.

Anyway we have to ask to get this though some banks may not entertain it. biggrin.gif
bbgoat
post Dec 27 2016, 01:35 PM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(starry @ Dec 27 2016, 01:19 PM)
From my experience so far HSBC and HLB systems auto-calculate the weekend interest based on promo rate. There's no standard guideline from BNM regarding this?  hmm.gif
*
Not that I am aware of. Some banks even refuse to give the interest for non working days. I only ask for big amt FD.

Best is banks like CB, BR, UOB where they adjust maturity date to next working day. Then we are getting the FD rates that we signed up for. biggrin.gif
bbgoat
post Dec 27 2016, 05:57 PM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(SingKer @ Dec 27 2016, 05:47 PM)
Hi bbgoat, may I know where do u see this MBSB offer? (4.15% for 6mths, 4.2% for 9mths)

From the official website, I cant find any eh... Thank you.
*
It is nego rate. This was posted by guy3288 on around 21/12 in previous FD thread:

"MBSB negotiated rate 4.15% 6month min 50k, 4.2% 9 month min 200k"

However better to call them to confirm as sometimes nego rate may close soon. I plan to call them either Wed or Thursday. biggrin.gif
bbgoat
post Dec 27 2016, 08:10 PM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(owodog91 @ Dec 27 2016, 09:52 AM)
actually cam go for RHB 4.1% for 6 month...
no need go for GIA
*
QUOTE(bbgoat @ Dec 27 2016, 10:10 AM)
RHB deal need min 50k. If not bothered about PIDM, can go for MBSB, min 50k, 6 mth 4.15%.

I am planning to nego with MBSB on 9 mth 4.2% or higher.  biggrin.gif
*
Just received info that RHB 4.1% 6 mth FD no more. Quota filled last week. biggrin.gif
bbgoat
post Dec 28 2016, 06:36 PM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
Just now did a placement for MBB GIA i. Intentionally chose 12 mth. Later checked the interest rate, saw 3.6% and hovered on the "i", showed the step-up rate.

Anyway have no intention of keeping it for 12 mths. Just to try out what many has said in this forum. It looks like the promo rate still ongoing. biggrin.gif
bbgoat
post Dec 28 2016, 08:42 PM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(nkhong @ Dec 28 2016, 08:13 PM)
Are you sure? I make a placement last week failed, only 6 months success to have promo rate.
*
101% sure ! I have seen the step-up rate shown when I hovered on the "i", beside the 3.6%. The interest rate shown is 3.6%, not the 3.55% of normal GIA i. I copied the info as below:

Account name (1):
Principal amount:
Term: 12 months
Interest rate: 3.6%
Maturity date: 28 December 2017
Profit payment mode:
Instruction on maturity:

Why don't u try it again ? brows.gif

This post has been edited by bbgoat: Dec 28 2016, 08:49 PM
bbgoat
post Dec 28 2016, 10:15 PM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(SingKer @ Dec 28 2016, 07:48 PM)
Hi bbgoat, why you can have the 12months GIA-i rate, while I can't? Sob sob...please help
*
What are the steps u did ? Some forumers have spelt out the steps before. For me, I have been used to the placement but most of the time just 1 mth or 2 mth placement. For this one u have to select 12 mth placement.

It seems MBB open and close the promo rate at different times of the month for this GIA-i. biggrin.gif
bbgoat
post Dec 29 2016, 08:45 AM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(bla2sheep @ Dec 29 2016, 04:09 AM)
i am currently looking at the maybank GIA-i promotion...I cant really understand the "indicative PSR to investor"....anyone mind to share a more info on that?

thanks!
*
Just ignore it as it does not play a part to what u will get or the FD/profit rate. Islamic FD has this type of statements. Important one is the FD or profit rate shown.

Other banks Islamic FD may show different PSR ratio which is NOT important to us. biggrin.gif

This post has been edited by bbgoat: Dec 29 2016, 09:09 AM
bbgoat
post Dec 29 2016, 11:06 AM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
Called to MBSB to nego on FD rate. Still waiting for reply. Guess they are waiting for HQ reply.

Talked to OCBC RM. By TOMORROW, OCBC 12 mth FD, 4% with monthly interest. 13mth one, funny, only 3.85%. biggrin.gif
bbgoat
post Dec 29 2016, 07:02 PM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(HMMaster @ Dec 29 2016, 06:07 PM)
Hi all,

Just want to ask a quick question. If my FD mature on 30-Dec, can I uplift it on 30-Dec itself? (without forfeiting the interest)

Thanks.
*
Yes, no issue. It is the maturity date. smile.gif
bbgoat
post Dec 30 2016, 09:39 AM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
Received call from AmBank ABM. Today only 3 mth 4%. No idea on next week/year tongue.gif promo yet. biggrin.gif

This post has been edited by bbgoat: Dec 30 2016, 09:42 AM
bbgoat
post Dec 30 2016, 11:38 AM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
Affin by today 4.1% 15 mth >100k. biggrin.gif
bbgoat
post Dec 30 2016, 12:11 PM

Look at all my stars!!
*******
Senior Member
6,614 posts

Joined: Mar 2011
QUOTE(idoblu @ Dec 30 2016, 12:09 PM)
Ive tried before, they say I will lose the interest and I have to withdraw the day after the maturity date
Please try yourself and report back here
*
So far, I have NOT encountered this problem before. Most FD fans here did not report any similar problem.

Which bank is that ? hmm.gif
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

81 Pages  1 2 3 > » Top
Add ReplyOptions
 

Change to:
| Lo-Fi Version
 0.0417sec    0.87    7 queries    GZIP Disabled
Time is now: 8th December 2025 - 11:50 AM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.