If you choose to have monthly interest credited, will you still get 4.2%? I see it is usually 10 basis points lower if you choose monthly.

Do you think if you have RM1mil for 9 months will get better than 4.2%?

How are the FD holders CNY hampers looking this year?

br delivering hampers today. get yours soon.....

Shrank in size this year. Got 2 pkts of angpows.


Attached thumbnail(s)

BR angpow needs to have more quality abit....more thickness and premium feel....

reminds me of the year 2000s public bank angpow quality....

3i / iiinvestsmart

Well if that is the case, it would be bad branding wise, not to give 4.18% if target not reached.

This one is a case for BNM to intervene, dont you reckon?

In a bail-in, PIDM wouldn't help.

US going to raise rates 50 - 75 basis points this year....

Hence, BNM going to raise at lease 25 basis points....

4.35p.a is a fool hearty deal.

BR is awash with deposits. RM1 mil or not cannot get you those special nego rates anymore like in the past.

Surprised that you got 3.9% when they are giving 3.95% when you have been with them for a while.

Was told to Wait for next month for promo.

With the prolific use of online banking (transfers etc), banks are starting to discourage, charge RM2, discontinue the use of paper transfers.

2 years down the road, when the majority of population goes online, banks are going to restructure their operations, starting with the closure of branches.

Fyi, in 2016, UK closed 1000 bank branches, in 2017, they are expected to close 700 branches just because of the "online" phenomena.

It is going to happen to M'sia too, and I am sure the unions are going to be up in arms.

As you are aware, BR would be bought over by PNB soon and hence will change considerably. Good FD rates will be a thing of the past, and most likely, would be based on KLIBOR reference. It may be merged with another bank.

For those of you who have FD's > 5 banks with rm300k+ in each bank. you might consider merging it for better efficiency on your part. Look at it, rm300k+ (thus gaining the hadap PB status) is as what genxgenygenz shiok sendiri status, may not be giving you the best returns.

Put it in one piece, to nego better.

And for PIDM, it just a feel good. In reality, any bank troubles 1st takes away your deposits, and when PIDM is paid to your a/c, the bank has every right to take it away from you the 2nd time.

You are referring to bail out situations where taxpayers save the bank. The use of this option no longer applies or is going to be used with new BASEL requirements. EU and Japan has abandoned it. US and China is in the process of abandoning it. Soon, it will be shunned by more countries in this part of the world.

In a bail-in, where depositors/bondholders/creditors are used to save the bank, your PIDM will also be used to save the bank.

4.84% for 14 months, source from genxgenygenz...

please confirm.

I have a small FD maturing in BR in soon. Phone BR branch mgr and asked her to check with HQ.

Offered 3.85% for 12 months on a new RM2 million deposit-i.

Time to move to another bank.

Term Deposit
Features and Benefits

Certificate based
Profit rate is fixed and determined upfront upon placement
Capital is guaranteed
Flexible tenure and profit payment options such as monthly, quarterly, semi-annually, annually or upon maturity
Choice of renewing the principle plus profit
Can be pledged as security for other facilities
Insured by PIDM up till RM250,000 (Two Hundred Fifty Thousand Ringgit Only)
Brokerage Fee is absorbed by the Bank
Underlying asset applied is Crude Palm Oil or other commodity as approved by Shariah
Premature withdrawal is allowed, subject to the following conditions:
For deposits with tenure of 1 month and below, premature withdrawal is subject to the customer agrees to provide rebate / ibra’, whereby there will be no profit paid.
For deposits with tenure of more than 1 month and demand is made after completion of 1 month, premature withdrawal is subject to the customer agrees to provide rebate / ibra’ based on the formula below:

Rebate / Ibra’ = Murabahah Sale Price – [(Principal x Rate x Tenure/365 x 50%) + Principal]

BSA

Complimentary

Debit Card.
Inter-Bank GIRO (IBG) and Inter-Bank Fund Transfer (IBFT).
i-muamalat Internet banking.

This post has been edited by pearl_white: May 18 2017, 10:16 AM

BR has RM93+ billion in deposits now. Not likely to raise rates.

However, Muamalat has only RM20+ billion in deposits. Potential for upsides (negotiation with higher amts) to attract more deposits.

Mualamat "wang lebih besar 5" promo runs from 3rd April 2017 till 2nd October 2017

Muamalat 4.5% @ 12 months promotion profit is payable at redemption only. Monthly, etc. profit payments only applicable to board rates.

This is a Non-negotiatable promotion for amounts less than RM5mil. If you have RM5 million coming up, you can nego.

Sales execs. are mobile and can visit you at your place and convenience (they have mobile thumb scanner) to take your documents and process on the spot.

Called HQ and no monthly profit credited to SA. Muamalat policy. Profit on redemption.

It would help to know which branch does this.

From experience dealing with BR and Bank Muamalat Malaysia Berhad, BMMB for short, both look and feel almost the same, except furniture and fittings for BMMB slightly newer. But the customer service and the level of interaction with staff at BMMB way better, they seem more confident and willing to speak up. When I went there, Bank Manager came and greeted me herself. The SA and Bank officer both personally did all the processing real-time. It was a very pleasant experience. This was the Kajang branch btw. SA willing to travel to see you to get things done, but 1st time visit necessary if you intend to have an ATM card, otherwise you do not need to visit the branch. Opening account or creating FD account can be done offsite. Saving account also comes with a passbook!

Got all done within 15mins since BR dont do BC anymore, need to create Saving a/c 1st then whatapp BR to rentas to BMMB. BR officer was feeling sad for this small withdrawal, but the BR HQ not budging at all. They know about BMMB's promo, but I guess flushed with rm92bil+ cash, they wont be moving any promo anytime soon.

Saw also one sheepish lowyat forummer there too, deposited a couple hundred K in FD.

ps. just to add, BC in Malaysia will cease to be issued soon, BNM directive. BC to be issued if recipient is the govt. of M'sia only.

This post has been edited by pearl_white: May 25 2017, 05:16 PM

Yes, they are. But you have to deal with the Kajang branch. PM if interested. I will give you contact.