Just to point out this math is wrong, if you deposit RM90 into FD with 10% requirement in Savings Account then you only need RM9 in SA, not RM10.
Which means the ratio from total deposit is 90.91% into FD, 9.09% into CA/SA for a 10% requirement. 

Good memories not necessary come from spending money on them for luxurious indulgence. I mean, there are other means too.
But either way, I've told myself, no fancy upbringing for my kids if ever get one next time. Look at all these spoilt children (most of them), they complain over not having the best of phones, best education, best lifestyle, etc. Hello, when I was a kid, I dealt with whatever I had. Yes, it sucks to see others being better off, but there will ALWAYS be better off people. They must be taught that we don't owe them anything. They should be thankful with what they have. But no, nowadays, it's all about giving the best to their children. Not like it's a bad thing, but don't complain when they turn materialistic, less grateful and thankful, and feel like you owe them and not the other way round, and not appreciate what parents do for them. They even b**** at parents for not buying (and buying somemore) fancy gadgets for them like they freaking deserve it and money falls down from the sky. I've seen too much of this happening around, so no thank you.

Btw, this is not directed at you, magika, lol...this is for everyone who bothers to hear my rant.

Anyway, for FD...anyone knows if Sept will be kinder to us? I'm so demotivated by the lack of interesting FD promos lately. Even RHB's fully signed up, so lagi teruk.

I mentioned bfore when Ocbc started the bonus saver. The requirement ia 10% of FD which is different from 90:10 ratio.

It is 10% of FD, means if FD is 90 then CASA is 10% of 90=9.
In your case, yourvFD is 100, 10% of FD is =10.

Ocbc then get smarter change it to ratio..

Just sharing here...

That's what I thought at first 9:1.
But when I open with the banker just yesterday they use 10:1
which is more beneficial to me -- more into FD. 

Meaning

RM100 into FD
RM10 into CASA
10:1 ratio
or
91:9 ratio (rounded)

Malaysia KWAP main headlines at Bloomberg right now.

http://www.bloomberg.com/

in case you miss it here's the article:

http://www.bloomberg.com/news/2013-08-30/m...nvestments.html

The guy said that USD/MYR fair value is 3.10-3.20... well if this was the case, we were having it good when USD/MYR was hovering around 3.0.

He also mentioned that our interest rate differential would attract buyers for the ringgit.... well, if BNM were to increase interest rate next month, I guess it be better for the ringgit.. but not so good for people with loans. My take is BNM will let the OPR remain unchanged next month in view that our economy is expected to grow at a slower rate than earlier forecasted.

Interesting to note that EPF is one of the TOP 10 Pension Fund in the world and they collect RM2B every month.

another bloomberg article on Malaysia

http://www.bloomberg.com/news/2013-08-30/r...nt-concern.html

As instructed by bro BoomChaCha (to report after makan makan) and Grand Uncle, oh sorry Uncle Magika (to go makan makan), I changed my mind and squeezed in some time to go for BR's "Majlis Hari Raya Aidilfitri BR Bersama Pendeposit/Pelanggan Korporat 2013".

Arriving at their office, they have an open house outside the bank with people queuing up for the food (ground floor). I was greeted by the BM and ABM and brought up by one of their staff to 2nd floor. They have 4 tables. All their staff were wearing formal Malay costumes (Uncle Magika, luckily I did not wear like what you said  ). Most of the attendees are older Chinese uncles and unties with few Malays. Some are corporate staff, PDC staff also attended.

It is just a makan makan affair. Received one cute bottle with sweets inside. No talk was given.

Later talked to the ABM, he said once FD matured need to re-negotiate the FD rate. As some of my initial deposit was at 4.06%, ha ha, will ask for higher rate in Sept. Asked him about the rumour about take over. He said not true, there was talk of a bank M taking over but they are in fact biggger than that one. FD interest wise, he said might even go down ?? 

Anyway over at the counter, asked about the ATM card, was told no annual fees.

End of report. 

I called UOB this afternoon and tried to get the next new FD promo rate, but
UOB said they did not have the new rate until next Monday.
This UOB staff also mentioned that she heard the new FD rate will drop a bit.
Let's find out on next Monday.

Oh.. you noticed this part.? I have to say that you are right this time.
So please don't play a fool with bbgoat...

Ha ha, this old goat is brought up by one of their lady staff lah, please please, no more exaggeration  Meh meh ...........

I believe we can estimate the chance of 5 years if the rate can reach to the rate that bank offer. Furthermore, we still can get normal rate if we withdraw FD. Try to split FD to several deposit in case we need the money for emergency use.

agree, specially for those with less capital. The longer period has the higher interest.

Initially was at the counter and asked for multiple gifts for FD placement. But later was seeing the ABM, instead of more gifts, he asked do you play golf, go for lunch and too shy to open mouth to ask for more gifts like lap top bag, backpack, manicure set, umbrella, Parker pen, mug etc etc.

5 years will definitely not go for it. Based on current situation.

Lets see if UOB has good FD promotion, though definitely cannot be near to BR rate. But wise men told me cannot put all eggs in one basket. Poor man mentality. 

Random thought of the day. Sometimes I wonder if it's worth my hassle to switch from one bank to the other due to very small difference in interest rates. Let's say I'm used to OCBC, would I wanna bother changing to a new bank (never dealt before) just for a slightly higher rate?

At the end of the day, the actual value is probably just not that much. How much do you think is worth the switch and risk? RM50? RM100? Or does RM10 enough to sway you?

Would like to hear from anyone on this

MACH Gurney Paragon Penang, 1st Mach in Penang 3.55% for 3 months , minimum rm10k, end Oct..compare to KL 4% promo earlier..this is comparatively low...again a sign of interest rate going downwards....

Ha ha, "wise men think alike" ................

To me I always look at the return for the effort to switch to another bank. RM100 pa is the minimum for me to do the move (single move of a FD to another bank). Most of the time it is higher than that for a new account.

Like Citibank, 1 year FD at 3.05% versus BR of 4.2%, it can be substantial depending on the sum involved.

It depends very much on the individual's as well. Like someone has commented, super rich people may just park their cash in foreign banks and don't care so much on the different FD interest. 

But for others they may have lower threshold of "gain" to do the FD move. 

I do not think there will be any change.

Rise? Will harm the already slowing economy.
Drop? No the right time, as it may send RM depreciate more against USD, which may result in inflation issue especially just after the petrol price hike.

Raise rate when the economy report shrinking export, lower trade surplus, and slowing GDP number?

I cannot brain it.

Well, I don't even know BR has this Co-Op card and normal ATM card. When I applied, I just want an ATM card which allows me to set up internet account application. Luckily the counter girl know this kia si guy do not want to pay extra every year !! 

Since our FD is not eFD, the risk on the account should be more on the SA cash. So long as I xfer it out every so often, then I am not worried about it. Their system has some problem (diff to log-in, slow etc) months ago, but recently seemed to be more stable. All the GIRO xfer done no issue so far. 

I won't change my password for this account frequently unless some issues comes up. Even my other online accounts, also the same. But I do agree that it is better to change the password regularly.  

Btw, OPR maintained at 3%, as expected.

I just got MY BR ATM card today.

The BR officer told me the ATM card is only charged for one time fee for RM 8.00,
no more annual fee.

My BR ATM card is printed with Kad COOP...

I guess maybe we have FD there, so we got special offer for one time fee for RM 8.00..? 
Thank you so much for the update..