2) You can auto-roll when the DCI is not converted. Once converted, you have forex risk, if AUD goes down.
Can auto roll but there is risk of strike rate being difference each time auto-roll.

Once, matured, the bankers will call you whether to roll on or not at the strike rate at that day.

Yes, cannot auto-roll, but can roll on manually.

There are plenty of shares that can yield >4~5%, but in shares, your capital is not protected, can result in loss if market condition unfavourable.

Should or should not, no one can answer this. As it is about willingness of taking such a risk.

No, it is for specific period 3 months after the account is opened for citigold new customer

for existing citigold, it ended on 25 April.

No limit, no tax for FD interest.

Previously interest on single deposit more than 100K is subjected to 5% witholding tax, but it was abolished 2009 during budget announcement.

Yes, you can.

This post has been edited by cherroy: Apr 11 2011, 03:47 PM

I suggest take up some math or calculator. No offence.

2 million with 2.75% = 55K pa which is equivalent to 4.5K per month.

This post has been edited by cherroy: Apr 11 2011, 11:38 PM

We have 2 FD system here.
One is certificate based, one is statement based.

Certificate based, you need to present original FD certificate to withdraw, this is mostly practiced by local based banks.
Statement based, mostly adopted by foreign banks, no FD cert is issued during deposit, but monthly statement account.

Unless the saving account has considerably high interest rate, if not (normally saving acc has pathetic low rate), the high rate of FD getting will be diluted by the low rate of saving acc.
Make little difference with whole amount going into normal FD rate.

I don't like those
10:90
20:80
30:70

kind of FD: CASA with lock up period.

In the end of day, the rate is little different with board rate, or just a notch higher only, not as good as it seen.

Nothing to happy about high interest rate.
You need to see the inflation rate there.

Real interest rate = FD rate - inflation rate.

Don't need to keep for 4 months, 5.5% is counted for 3 months, as long as within the 3 months the account balance is there, it will be counted for 5.5% interest,
it is just interest is payable after 4 weeks of the 3 months.

It is just part of promotion try to attract new customers coming in.

Banks cannot give higher rate across as currently OPR and BLR is not yet going up further.
They just selective choose some tenure and only offer the rate for specific period and mostly with condition with new fund.

Not necessary as the same pace.

Remember the last time OPR hike 25 basic point, BLR straight away up 0.25%, while FD rate only range from 0.15~0.25%, depended on individual banks.

Confirmed?
The meeting is not yet started (tomorrow), how to confirm?

BNM raised OPR 25 basic points, SRR up 1% to 3%.

Good, BNM is looking seriously on inflation.

>1 million deposit, tier 2.

This is little investment product out there can result you a 20% pa return rate, without substantial risk of potential losing capital.

Some people said FD is worst, not wise to put, ended venture into stock investment/trading or whatever, but end result, result a loss of 10%, 20% etc.
In this situation, they will be glad they are putting FD in the first place.

Yes, there are investment tool like stock market that can yield good return, but if one not well understanding about them and highly making wrong decision due to insufficient understanding, then FD still a conservative good option.

HLB changes the rate today already.

UOB also has a promotion FD 1 year 3.6%, if not mistaken.

Every Monday paper, Sinchew has a compiled table under weekly economy subsection.