In the last major recession, residential landed property price did not really drop much (commercial and land a different story as prices did drop as no buyers), just that prices did not appreciate for few years. Of course you may get some very good bargain from bank lelongs but not that many around.

Go shopping for property, maybe one or 2 unless you freaking loaded and can wait like a decade or two for it to appreciate 100% (can go up 1000% too especially for land); but, I am talking about shopping spree and making 100% profit in 1 or 2 years, i.e. shares - and once again like I always say, if MBB ever goes below RM4.00 just buy buy buy. Then take profit and hope FD rate goes back to 2 digit like it did last time

Bro go get hybrid lah, good price even before the election. Honda got many to choose from or get the Audi A6 Hybrid. Save you money too when you go to the banks, hahaha

If you ask me, the government stupid to reduce car prices, as it is now, traffic is like crazy because everybody drive (which means it is affordable for majority of the people). We also had cheap cars since the days of Kancil and now also can get cheap cars, e.g. Perodua Viva starting from RM24K. This car price reduction thingy is just a ploy by PR to attract voters who are now driving Kancil but thinking they can upgrade to Myvi and those driving Jap cars can upgrade to Audi, MB or BMW, hahahaha.

I took my son to the airport early this morning and on the way home I was stuck in traffic and the numbers of cars on the roads really shocked me because i noted the traffic jam is like extra few km long compared to 1 or 2 years ago.

That would be nice, haha. No lah, "any" which means none. Back in 2010 I got 5% with HLB Junior FD (maturing next year), then Citibank 5% but for RM200K only so needed to open several join accounts and then 5% with OCBC (but this one if you recall only sylille and me managed to get full 5% instead of hald AUM). Back in 2011 got 4.5% from HLB Junior Acct which is maturing this year.

Wah two years already since I started FD V2 thread. Time pass really fast.

This post has been edited by Gen-X: Aug 23 2013, 11:44 AM

Is it safe to put FD in Bank Rakyat since its not covered by PIDM ?

When crisis hit, residential houses will drop in term of value???

Deposit into Hong Leong saving account will get hello kitty free gift...

Wnt to ask, i placed FD at OCBC ( 3 month 4.5% ) . Then i check my online banking account, the FD amount was correct, but the 50% place to my existing smart saver only show as current balance, but no add into available balance. Is it normal? The 50% fund inside Smart saver can get 2.9% ?

Hi all. Just came back from RHB. The FD promo of 3.78% p.a for existing bank acc holder already finished. Only the left is the other FD promo for 3.88% p.a with 90:10 amount split to CASA and must be fresh funds !!

Thats because its locked to your FD and not available to be used. I think it cant even be used to pledge for OD.

Smart saver has its monthly deposit, to be eligible for its max interest.

so let's say my smart saver currently got rm10k, the 50% amount was 5k(locked), so the interest i get on smart saver is calculate based on 10k or 15k?

*Every month i will deposit >1k for 2.9%

This post has been edited by Dkck: Aug 23 2013, 03:08 PM

Maybank 12 month 4.10% pa ?

But confused with this sentence:

*Note: Should there be Overnight Policy Rate changes, the offered rates will be revised.

what is that actually?

http://www.maybank2u.com.my/mbb_info/m2u/p.../PRO-Promotions

This is a step-up scheme. 4.1% is only for month 10-12. The effective rate for 12 month is only 3.5%.

ok, hate the banks, never wat u see is wat u get.

whatever is in the smart saver is eligible including the monthly RM1 k provided 0 withdrawal.

note: just in case u dont understand, locked or unlocked also will get the interest.


This post has been edited by magika: Aug 23 2013, 03:44 PM

That one is considered simple, more tricky ones are around. I do hope you ask for adviced before diving into any scheme no matter how convincing it sound.

no, they din't do anything wrong, this is business tactics. You have to calculate yourself.

but maybank is very good already, clearly stated all the info. But i don't why you still don't understand.

PBB super FD

Just came back from Bank Rakyat. Apparently they've consolidated their multiple FD plans (if my memory serves me right) into a single plan (Makeen).

Got myself a humble mug for opening a FD there. Considering the fact that I've never received any free gifts for my past FD deposits in other banks, I guess it's a good start.

Whats so difficult ? It 3.324% pa.(savings int not taken into consideration) . Good thing is can withdraw and still eligible for its monthly rate. Quite good for those placing their loose change there.

This post has been edited by magika: Aug 23 2013, 03:55 PM

When open the FD accountb on the Bonus Saver 4.5% rate, 50% of FD must be placed in SS and it is locked there for 3 months period. That amount will only get 2.9% rate provided you bank in RM1000 in month 2 and month 3. At the end of month 3 then only it appears as available to use.

With 4.5% in FD and 2.9% in SS, theoretically the effective rate is 3.96% as reported by most forum members here. This is true only provided that a person does not continue depositing/opening into the Bonus Saver, for example in month 2 or month 3...this is because the SS which is avalable after 3 months still being "locked" there because any withdrawal will drop the SS interest rate to 0.5%.

It may end up the SS amount locked is even higher than that of FD itself..

Life is getting harder with high inflation lately.
I can see the only price drop item is LED TV...

I am very disappointed UOB only offers 3 months FD at 3.48%.

I will buy a national car only.
My friend just bought Handa Jazz Hybrid CKD for less than RM 80K, but I do not like the small trunk.

Is it very hard to answer to your question.

Your question is similar to this question:
Is it safe to drive a less expensive car without abs (like Proton Saga SV)?

If you are worried, then place your FD with banks that offer PIDM protection.

Just received a SMS from OCBC this morning:
OCBC: Additional 5% p.a. interest rate on top of existing board rates for 1-MONTH FOREIGN CURRENCY TD.
Limited time only. Call your RM today. T&C apply

This post has been edited by BoomChaCha: Aug 23 2013, 10:55 PM

so low rates now, just wondering when is the 4.5 - 5% FD rate is going to come back........