I am a coffee lover and I did get older cheaper version of this similar Nescafe coffee maker from SCB more than a year ago... but it is still in the box unopened!!! I tried the Nescafe coffee capsules at a Nescafe booth (can't remember inside which Parkson but I think it's KLCC) and did not like it.

One advantage of MBB FD promos are that they are usually applicable for companies too and minimum RM20K.

You must be one of their top customer

Yes, UOB can offer special rates to their customers for any FD tenure. That is if your RM is willing to seek HQ approval. I have mentioned many times that UOB Commercial Banking can also offer very good rates, even better than their FD Promos.

Currently, UOB is only offering Merdeka 3 Months FD Promo but I believe in two weeks time, we shall see them offering 12 months FD Promo. This is because they will be short of cash when all their smart customers withdraw their funds from UOB and head to OCBC 13 Months Joint Account Promo.

I also updated Post#1 - did I miss out any FD Promo that is worth mentioning?

This post has been edited by Gen-X: Jul 7 2013, 12:19 PM

Bro, somehow I just don't feel comfortable mentioning MBSB deposit products to others even tho the major share holder is EPF and as such it should be regarded as "safe".

Hi guys, miss my babbling here ar? I just got back 3 days ago and posted at Credit Card section but then got sick (change in weather I guess).

If you were to check out my facebook account like once a while you know where I'll be.

From what I gather, FD promos not much difference since last month, want make your life simple, just go for OCBC 13 months 3.7% but if damn freaking free and no cost to you in going to the bank at least once a month, then go for OCBC Combo 3 months.

Actually, this last few months I got no cash to go chase after FD Promos. It will be a few months before my funds reach maturity and then also wondering if I should go deposit downunder and get Online Saving Account (under my daughter's name so I don't get tax) that pays 4% or more credited monthly or maybe do go for short term FD... read below on my second option.


you guys want to deposit money up to 5 years may miss some golden opportunities...

Now now, since last two months, most SEA currencies and AUD has weaken at a rapid rate against USD and if this continue, will we see a repeat of 1997/1998? IF history repeat itself, those with cash in hand will make lots of money. And if it does happen, I guess aeiou228 and myself are looking forward to a shopping spree season

Those of you who have not bought a Rolex better go get one now before our RM depreciate further (applies to getting an imported car too before new stock arrives) instead of putting in FD because the interest you earn can never catch up with the periodic price increase

BoomChaCha, bought your new car?


It has been couple years since any commercial bank has offered 5% for straight forward FD for up to RM2M.

If you see gold price in USD, the current price still lower than in May 2013. BUT, if in RM, it is higher than in May, reason because of USD has strengthen.

This post has been edited by Gen-X: Aug 22 2013, 09:52 PM

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

Bro, like you know I am half blind and and I have mentioned in my blog or maybe in Facebook that I don't post while Oz because I only have access to a crappy 14" notebook (son got 17" Dell i7 laptop to play game) which causes major discomfort to my eyes. While in KL I sit in front of a 23" LED monitor while I surf the internet or post here.. thinking of getting a 32" LED TV but my table no space for it

Versus MYR, the stupid USD gone up 10% and AUD drop like about 10%. So end up for me no difference (for now) because son "last minute" decided to go do his Master in an Ivy League Uni and younger children in Oz.

As for dual currency, if get converted also good what... if USD continue its up trend, can make 1% a day (i.e. 365% when annualized)


Bro, you are right, I saw ad in The Star yesterday, 40" LED TV now really cheap.

As for UOB, 3.48% not too bad considering it is a straight forward FD. But I can tell you for their commercial banking, their straight forward FD rates can be pretty good compared to other commercial banks. Even without asking for special rate, their current promo is 3.6% for a year (but half need to deposit into their Biz current account which is pretty good by the way since it pays interest daily). HLB now also nego on special rate that is competitive with OCBC.

Anyway, I believe we will see better FD promos in the last quarter, i.e. starting from October.

As for BR, as long as our government can continue paying our civil servant salaries, you got nothing to worry about. BR making tons of money from Personal Loans to our civil servants. This statement can also be applied to MBSB.

This post has been edited by Gen-X: Aug 24 2013, 12:04 PM

Bro, thank you. I am touched by your advice and that you took the time to share above. Actually, even with my 23" LED Monitor, I still need to zoom in.

Worth it or not, only time can tell..... in the meantime it does give me some bragging rights

Early this year, he told me he not interested in doing Master in USA, so I flew to USA and carry his things back (click here to read about it). After a week or so at home , he told me he got accepted to an Ivy League Uni and wants to go back to USA So coupled with his tuition fee and my younger children tuition fees downunder, I got no cash to go chase after FD last couple months. So my networth just decrease substantially again, but I tell myself, I am not getting poorer but my children spending their inheritance, haha.

But one thing for sure, our current FD rate is no where near the yearly rate increase of tuition fees.

Bro,

1. confident that MBSB won't go bankrupt in the short term - YES. Both BR and MBSB have been experiencing remarkable profit simply by milking/sucking dry the civil servants thru their Personal Loan Products. I guess MBSB has benefited with EPF being their major shareholder.

http://www.thestar.com.my/Business/Busines...-spotlight.aspx

Too bad my article on BR in my previous blog is no longer in existence. In that article I touched on Personal Loans by Bank Rakyat.

I have yet to see or read any report/study on what is the percentage of civil servants taking up Personal Loans but I am pretty sure if a report does become public, it may be shocking. And once this market group becomes saturated (or change in Personal Loans guidelines .. BNM has taken some actions but I still feel it is inadequate to counter the disease), their profit is sure to take a hit.

And if you can recall, not too long ago a smart and capable Minister did say our country will go bankrupt soon with all the subsidy programs...

2. Me placing FD with BR or MBSB - NO. Lack of service is not the issue here, I have mentioned long ago in previous thread that I am against using the rakyat money to bailout greedy people who go deposit with financial institutions offering higher % rate... And for those anti BN who go deposit in BR for higher FD rate - you guys are hypocrites.... (I do not expect many to understand this paragraph... or maybe none at all, hahaha).

This post has been edited by Gen-X: Aug 26 2013, 12:44 PM

Bro, I love EPF. It is one of the best retirement plan on earth. Pays 5% or more dividend and once declared the amount together with previous contributions are guaranteed. Unlike in the US and Australia, some people actually loose money in their retirement funds and they are being charged for numerous fees. For example, I saw a program in Australia, the guy worked part time as Santa Claus and contributed about AUD200+ into his retirement funds and after a year he had only AUD50+ because of fees! My friend who works in Australia actually lost money the first 2 years in his retirement fund because he selected the wrong fund (how many people actually know which fund will earn them money in the future?)

This post has been edited by Gen-X: Aug 26 2013, 07:17 PM

Bro, like I said many won't understand what I said. You have to go and read up how BR came about being under MoF and how EPF landed being the major shareholder of MBSB.

1) Wah, I am surprised to see you use the word hate which is related to emotions. If a person really hate BN, today he won't be bothered about FD but unable to sleep nor and eat knowing BN is in power, hahaha. Anyway, here is an example I can give you - Go check who is BR chairman. Imagine, if LKS was appointed BR Chairman in the event PR somehow take charge of the government, would Perkasa supporters go deposit with BR? And boy would I love to know how much (if any) both these institutions donated during the last election ( or generated funds indirectly for election war chest ).

2) Of course the depositors loosing their money is slim in BR or MBSB, as you mentioned and history has proven that government will bail these institutions. However, I doubt the government will need to bail out any of these two institutions in the short term because like I said they making unbelievable profits from the civil servants. As for your item 2, final part, I guess my earlier statement touched one of your nerves, hahaha. I can easily misquote you and state that you support the use of the Rakyat's money to go bail out mismanaged companies over and over again or even further that you support government bailing out greedy investors who have lost money in quick rich schemes... but I believe that is not the case.

We all have a choice where to deposit our money, either into banks subjected to BNM strict guideline paying less interest and the money protected by PIDM to a certain amount OR into some non-bank not subjected to BNM guidelines paying higher interest rate and knowing that the government will use the Rakyat money to bail these institutions when they are mismanaged. To me it is a matter of principle, however most are ignorant but for some it is pure greed. So YES, I am against using the Rakyat's money to bail out companies/organization which have been mismanaged due to in-competencies, corruption, greed etc etc and that include the banks too.

This is fun discussion instead of repeating the same FD promo until new FD promotions are out

This post has been edited by Gen-X: Aug 27 2013, 11:13 AM

Bro, cronyism is wide spread in all our major political parties and not exclusive to BN component parties. And you are right, if talk about crony issues, there is no ending.

And what about Massimo? I prefer Gardenia taste and texture

Bro, true that it is normal for us to aim for higher FD rate. Like I said, we have a choice. And once again it is not about cronyism but my personal choice based on my principles.

Let me put in another way -

If there is no guarantee by the government that Rakyat's money will be used to pay the depositors of BR, will educated people that come to this forum deposit with BR? Most probably not. But because they know the Rakyat's money is there to bail them out when these companies are mismanaged, they go deposit there for no other reason except that they can get more money. So what is the difference between these selected few people and politicians that uses/receive/steal/misuse Rakyat's money for their own benefit?

As for Public Bank, I will never put money there again after they try to cheat me for the interest owed to me over the weekend. For those of you who do not understand this... I have mentioned it in previous threads.

USD up another 1% now compared to above. Because USD if flying, so is gold in RM

The other day aeiou228 mentioned 3 years FD interest wipe out, and at the rate it is going, 10 years FD interest will be wipe out soon.

And Bro, if back to 1997/98, your FD Ringgit (cash in hand) can be used to go make you much much more money in less time compared to FD interest earned

This post has been edited by Gen-X: Aug 27 2013, 05:38 PM

Bro, there is talk that RON91 will be replacing RON95. Ron97 suitable for Panamera, R8 or equivalent, so fair mah since they have to pay more.

In Australia, RON91 is regular whereas the premium is RON95. So I guess you can say that all Malaysians enjoying premium petrol at a lower price.

We got the same taste

Bro, in respect to mismanagement, go read lah about BR and MBSB. And also look at MBSB records for the past 10 years. If not for personal loans to civil servants (only recently), no way they can achieve the remarkable profit. If you had read the earlier link by The Star when I first reply to BoomChaCha, you may get some idea how MBSB "profit" can be hit.

And like I said, many here would not deposit with BR if their money was not guaranteed with Rakyat Money. You telling me you willing to deposit there without this guarantee? And frankly, I have no problems with anyone depositing their hard earn money with BR or MBSB and if you note from previous posting, I even say those not interested in playing FD musical chair go deposit with BR. This debate started by me simply saying I personally won't deposit with BR when BoomChaCha asked if I have change on my position; and, obviously my remark on anti BN being hypocrites touched one of your nerves.

As for your argument on MAS, I pay for the ticket lah (well, indirectly but still at a cost) and as such ensuring the survival of MAS And if MAS goes bankrupt, it won't benefit me in anyway and I personally won't be getting a single sen from the Rakyat (but not the case for you depositing in BR). Actually you got it wrong, it more like Rakyat's money was used to bail out a particular individual and not MAS per se. And I thank you for taking this "MAS scandal" as your argument point because it just made you agreeing to my point of view, hahaha, i.e if BR goes bankrupt, you too will be receiving the rakyat's money, same same as the individual in the MAS "scandal".

But if you so strongly feel that I am a hypocrite for flying with MAS, so be it and I admit defeat, you win this debate lah.

I agree with you. If the loans are not paid back, where is the money coming from to fund future generations education.

And for the record, I am also not aligned to any political parties as to me they are all the same, back stabbing each other at the expense of the Rakyat.

PKR is saying they will provide FREE education, which is good but that will also mean the money to fund this will have to be taken from somewhere, i.e. slashing of other services. Even countries like USA, Britian and Australia do not provide FREE tertiary education.

Bro, thank you for the info on Massimo, but really I don't care. Like you say, want talk about cronyism no ending and better we don't take sugar and rice too. And why you support Robert Kuok? No need answer here - just want you to ponder upon this question.

As for your example of overseas scholars, I got news for you... they don't have to pay back. And also note that this includes non bumiputra overseas scholars but they have to serve the government upon return... and that is if they ever return.

hahaha, really funny

Bro, agree with you, the "CASA" rate is base on tiers and if for the same duration I guess not so attractive. Let say got RM600K, 500K into FD and 100K into CASA earning 2.8% for simplicity sake. the effective interest works out to be 3.62% but in reality it is less because the CASA interest is based on tiers.

But what if only need to ear mark for 3 months?
Assuming we deposit 50K into promo FD and 10K into the "CASA" The maximium rate the CASA will not reach 1.9% but from simplicity sake, say it does. And the remaining 6 months we get 3.0% - 3.5% by depositing into another FD Promo.

Based on above assumption and using spreadsheet, the Effective interest rate is about 3.58% - 3.64% (pleas note that is it actually lower because I assumed thee first 3 months in CASA at 1.9% (which is not the case).

So might as well just go for straight forward Affin board rate 3.6% 12 months no need open CASA.

This post has been edited by Gen-X: Aug 28 2013, 03:30 PM

that time 2 digit interest rate, I was still a kid...

I think I should address magika as rich grand-uncle

As to be exact, BR is a Cooperative and not subjected to BNM guideline and not a member of ABM and therefore I won't really call it a bank. Last year lost of RM75M because of fake gold also did not cause any dent to it. And their pawn broking business was an avenue used by Geneva investors to make more money and subsequently loss all. I wonder if all those Geneva investor's gold in BR's hands has been reevaluated to current gold prices into their books.

Grand-uncle, lock in profit lah and deposit into several FD accounts with numerous commercial banks but not exceeding RM250K/account, then when economy collapse, you won't kena kaw kaw but maybe even make more money if FD rates ever reach double digit again like you enjoyed the last time

Grand-uncle, what china doll? I also need new hobby since not chasing after FD. Share lah with me how to optimize utilizing china doll.

This post has been edited by Gen-X: Aug 29 2013, 01:01 PM

Yah, was a slave and thank you for reading it

Aiyah if got good things that benefit us, share share lah.

Yah bluechip dividend can be better than FD (subjected to entry price).

And I agree, I also kind of fed up with all those complicated T&C. And one thing for sure, HSBC FD promo I won't even be bothered with it.

Bro, this china doll thingy must be good since so magika mentioned so many people here into it

haha, in terms of monetary wise I guess you sum it up, i.e. no good on pocket. But how about other benefits, like to mental and health? I bet more thrilling that chasing after FD Promos.

This post has been edited by Gen-X: Aug 29 2013, 01:10 PM

those up there in heaven? JK

you eat the china doll or you got swallowed by it?

oh, you got a point, but still need you to recommend as got no idea how to go about this china doll thingy. Then I shall seek and trust bbgoat visual opinion/evaluation as to go with it or not And I may be blind but hands can feel two or more at any one time, hahaha

As for the last paragraph, compound compound never ending... set up a trust and your fifth generations would never need to work for life... but they will also never thank you nor appreciate your generosity. That's life. So yeah, we should enjoy what life has to offer while we still can

This post has been edited by Gen-X: Aug 29 2013, 02:04 PM

bbgoat thanks you for reading and glad to know I have brain washed you too

yah, yah not applicable to him/her yet.

Oh boy, I better not talk about anything else here besides FD, terrified you go report to wife....

GST soon OTW ... better go buy that Rolex watch ASAP

http://www.thestar.com.my/Business/Busines...g-Finances.aspx
http://www.themalaysianinsider.com/malaysi...hs-to-implement

Indonesia increased interest rate

http://www.thestar.com.my/Business/Busines...g-currency.aspx
http://www.bloomberg.com/news/2013-08-29/b...duled-move.html

Next BNM MPC meeting date 5th Sept 2013 and again on 7 Nov 2013.

http://www.bnm.gov.my/index.php?ch=mone&pg...ang=en&eId=box1

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

This post has been edited by Gen-X: Aug 30 2013, 11:06 AM

Bro, how KWAP affect us? Read between the lines.. "has used some of the 5 percent to 10 percent of funds it typically holds in cash to buy Malaysian stocks and bonds during their recent slide"

same reason as above

Guys, don't you find it odd that yesterday headlines on Indonesia currency and today Bloomberg also has articles on Malaysia and giving it center stage? Is like trying to hint that Malaysia currency may experience the same level of volatility as the IDR.

In the KWAP article, it particularly highlighted the currency issue and the guy claiming we got strong reserves. The first paragraph on KWAP investing overseas is just a mask on the real intention of the article. AUD100 million investment worth mentioning? Nowadays in order to make headlines deals have to be in the billions.

Then minutes after Bloomberg made the KWAP article a headline, it posted a follow up article giving it prominent too on its homepage with the title "Ringgit Heads for Fourth Monthly Drop on Current-Account Concern". Started of with Fitch negative report and then a standalone paragraph (so no one will miss it) stating "Malaysia’s current-account surplus narrowed to 2.6 billion ringgit ($787 million) in the second quarter from 8.7 billion ringgit in the previous three months, the closest the country has come to recording a deficit in data compiled by Bloomberg going back to 1999". So the second article is to show that the guy in the first article don't know what he's talking about and has no clues as to what is going to hit him.

Now note, they made specific reference to 1999, the year the power crazy dude was jailed.

To me both the above articles were orchestrate as a follow up to the Fitch report by unseen powerful hands and was done in so to gain momentum in their attack against us (to benefit the power crazy dude just like in the last major recession). If you guys recall, after the election gsc talked about AUD strengthening against MYR and I highlighted that is not the case but in actual fact Ringgit was weakening against USD. The attack on our Ringgit started months ago and we can expect interesting times ahead.

Maybe my good friend was right, I am paranoid, hahaha.

And I am concern that our current-account surplus has dropped to less than USD1B. Hope it won't come to the stage where our government had to request the rakyat to donate gold to them like the last time.

ya ya, Big Bro BoomChaCha the best

Will update post#1 in couple days time. Still not feeling too good, coughing non stop and not have a good night rest for days, so a bit blur.

No, this is not Australia. In Malaysia, no need declare a sen earned from our savings or FD accounts. However, if you rent your properties, then yes, the income is taxable.

This post has been edited by Gen-X: Sep 2 2013, 08:56 PM

You are welcome.

To ALL: I just updated Post#1, any other FD Promo(s) from Commercial Banks that I missed and worth mentioning?