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

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cute_boboi
post Dec 28 2016, 05:16 PM

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QUOTE(tomry @ Dec 28 2016, 12:25 PM)
FOR MAXIS ONE CLUB MEMBER !!!

just done my FD @ HONG LEONG BANK FOR 4.2% FOR 6 MONTH

you have to go ask the counter staff to check w the manager , most of the staff unaware since this one is for the MAXIS ONE club member till 31/12/2016

have to place it over the counter ( u cant do it online )  so please remind the staff to check w their manager if not they will just say no promo like this
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I went to KL HLB Jalan Perak (HQ ?), mention FD Maxis One Club ... the CS already know it.
It requires branch FD account, and not online or e-FD, the one where you do the FPX 4.15% earlier.
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cute_boboi
post Apr 17 2018, 11:31 AM

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QUOTE(mrhseinpingq @ Apr 17 2018, 01:01 AM)
It it good to clear the house loan or keep in FD?
House loan interest like 4.4%
FD like 4.2% promotion FD
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I hope you have a full/semi flexi house loan account. Dump all your excess cash/FD into it to reduce interest. Yet at the same time, the flexi account has liquidity to withdraw using ATM/cheque/online transfer.

If you really have no use for the FD and have other cash or liquidity, then by all means settle the house loan.
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cute_boboi
post Jul 3 2018, 09:20 AM

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Bank Muamalat, if the FD maturity date is 3rd July, can I go today to withdraw it ? Or wait until 4th July ? hmm.gif
Thanks icon_rolleyes.gif
cute_boboi
post Jul 3 2018, 10:53 AM

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QUOTE(limsc @ Jul 3 2018, 10:43 AM)
You can do it today 3rd July. I have done mine last week. Banker cheque cost RM2.65.
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Orait bro, thanks. Planning to ask for RENTAS (RM5.30 ?)
Also monitoring latest FD promo now...
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cute_boboi
post Jul 3 2018, 02:21 PM

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Thanks for all the above info, here's my update today:
- Withdraw FD at 12-1pm
- RENTAS RM5 without GST
- 2:10pm money is in MBB icon_rolleyes.gif

HLB Merdeka rate 4.2% is low. Waiting for the 7-7 digital. There is no UOB or Ambank nearby sad.gif and I prefer online banking if possible.

Bank Islam 2 years 4.65% p.a. effective rate is over by end June.

hmm.gif

cute_boboi
post Jul 3 2018, 03:00 PM

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BoC opening hours 9:30am-4pm Mon-Fri only sad.gif Not convenient for me to go during working hours / lunch.

Nearby I got RHB bank only, which I open & close last 1-2 years for the FD.
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cute_boboi
post Jul 3 2018, 04:47 PM

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QUOTE(chicaman @ Jul 3 2018, 03:54 PM)
What is the rate?
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I just walk down to open an account first. They verbally answer FD OTC promo supposedly end 30 June, now extended to end Sep.
15 months 4.38% minimum 10k?

Plan to park half here and half wait for HLB.
hmm.gif

Edit: RHB Bank

This post has been edited by cute_boboi: Jul 3 2018, 04:47 PM
cute_boboi
post Jul 3 2018, 06:00 PM

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QUOTE(chicaman @ Jul 3 2018, 05:15 PM)
RHB is any branch? I dont think HongLeong will be any better
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RHB should be any branch, I guess. They still giving the photocopy A4 flyers for the FD promo.
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HLB 7-7 digital eFD I'm shooting in the sky, maybe 4.27, 4.37, 4.47 kind of promo ? hmm.gif

cute_boboi
post Jul 4 2018, 10:41 AM

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QUOTE(chicaman @ Jul 4 2018, 10:31 AM)
So now best is

UOB 4.38% Ampang Branch
RHB 4.38% Any Branch (15 Months)
Ambank 4.4% Any Branch
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Just back from RHB branch, already done OTC FD as above, 4.38% 15 months.

From info above, seems HLB eFD (digital 7-7) 4.37% is for 3 months only, not attractive.

Therefore, going to park the remaining into RHB in coming days.
icon_rolleyes.gif

Note: all other OTC FD banks not convenient for me, unless anyone can recommend any other online eFD.
cute_boboi
post Jul 4 2018, 10:57 AM

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QUOTE(YH1234 @ Jul 4 2018, 10:54 AM)
hi all, need some guidance wrt maybank online fd.

1) what is uplift?

2) how to cancel / terminate a fd before due date in system?
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MBB M2u, for eFD, it's placement or uplift. So your instinct is correct, select uplift, choose conventional/islamic, then select your cert to uplift, choose account, TAC, done.
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cute_boboi
post Jul 4 2018, 08:08 PM

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Public Bank +Islamic

Cannot copy paste here, summary is effective 1 Jan 2019, no more interest for early FD withdrawal.
yawn.gif

cute_boboi
post Jul 5 2018, 10:40 AM

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I also managed to place into HLB eFD 3 months 4.37% today, to diversify from RHB 15 months 4.38% OTC
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cute_boboi
post Jul 26 2018, 01:59 PM

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QUOTE(LostAndFound @ Jul 26 2018, 10:46 AM)
If you bring cheque they won't issue you the cert until the cheque clears so you have to come back 2-3 working days later. So better you rentas across. Of course that might mean you need a savings account with them first.... If I had to do it again I would find a Bank Islam which is near to my source-of-fund bank (e.g. Maybank is next to it in KL Sentral I think), go to Bank Islam and inform them I want to rentas, open the savings account, walk over to maybank to do the rentas, come back to get the FD cert.

For me I had to come back 1 week later for my FD cert. And they won't open the FD for you without your signature in front of them, so effectively I lost about 4-5 days interest. Still worth it for the higher interest rate, but pissed me off. They did give me some mug and book as apology at least.
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My case Bank Islam Kinrara branch to open new account. I've prepared two options, IFT from two banks into BI, or write cheque. I asked if use cheque how ? CS answer will put today's date. So I wrote a cheque.

Filled up forms to open account with RM20 and FD forms. Collect the cert, etc. all done within 1 hour. Only need to pay for parking + petrol.

ohya, I got the red hardcover book only.
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cute_boboi
post Aug 8 2018, 09:28 PM

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QUOTE(spreeeee @ Aug 8 2018, 05:50 PM)
if i deposited 5k for 7mths, how much total profits i will gain?

e-FD / e-CMDi Tenure
7 months 4.10% p.a.

https://www.rhbgroup.com/438/index.html?utm...20More%20Button

also, what is the difference between non-islamic and islamic in terms of profits earning?

https://www.rhbgroup.com/~/media/files/mala...rhb-now/pdf/G07
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Rough count will be:
7/12 months x 4.10% x 5k
= RM119.58 +/- depending on the number of days in the 7 calendar months.

Simply put, for layman like us who just aim for % , there is no difference.
Harder put mega_shok.gif islamic banking cannot use the term "interest" , hence they treat it as commodity and return you the "profit"
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cute_boboi
post Aug 9 2018, 02:43 PM

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QUOTE(spreeeee @ Aug 9 2018, 09:25 AM)
so the profits considered good?

so islamic or no, there is no hidden charges or consequences/difficulties when come to withdrawal?
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Profit good or not depends on individual preference, not just only on % alone:
- which bank - some only likes PBB, so only wants islamic bankng, etc.
- location - ease of access
- duration / term - how long you want to lock in for 1/3/12/60 months ?
- special reasons such as wealth adviser, premier banking, etc.

For early withdrawal, each bank, including normal vs islamic, are different and T&C may change from time to time. Do a thorough check on the specific FD you want.
Or mitigate risk by putting some funds in short term 1-3 months and some in longer 12 months.
cute_boboi
post Oct 8 2018, 04:24 PM

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Today I verified Bank Islam effective rate @ 4.65% p.a. for 2 years, minimum 50k ... still available. I guess the take up rate is not that great, over 6 months, I notice only about ~15x FD certs issued from the branch I visited. How I know ? Look at the running serial number laugh.gif
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cute_boboi
post Oct 8 2018, 05:07 PM

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QUOTE(nbi @ Oct 8 2018, 04:39 PM)
might consider this 4.65%, so far, it's the highest fd now. right?
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Nope. BR 4.85% negotiated rate 5 years from some bro/sis here, no other strings attached, just pure FD. Read earlier few pages. I heard minimum 500k or higher, not my league bye.gif

QUOTE(ikanbilis @ Oct 8 2018, 04:58 PM)
2 years is rather long lock up period. Most people prefer to put FD 12 months only
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Depends on individuals, some have other investments (let's not divert from FD here), some have long term FD, some have short term FD. I also have 1 month, 3 months, and those 6-15 months range types. Currently (today), 12 months FD ranges from 4.00-4.3? only, which I think is quite low to earlier/mid of this year, around 4.3-4.5, so 4.65 is one of a good option to me.
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cute_boboi
post Oct 9 2018, 08:35 PM

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RHB current FD promo 4.35% p.a. 13 months OTC, not sure I heard wrongly minimum 10k
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cute_boboi
post Nov 1 2018, 10:04 AM

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Quick question, a bit confused with several earlier pages CIMD 4.4 vs 4.5 vs premier banking, so is the CIMB eFD 4.5% 6 months minimum 10k (non premier) still available ?

cute_boboi
post Nov 3 2018, 11:04 AM

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QUOTE(leo_kiatez @ Nov 3 2018, 10:57 AM)
What's the minimum amount for cimb efd?
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RM10k for the 6 months 4.5% eFD
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