Fixed Deposit Rates in Malaysia V6.1, Please Read Post #1
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 Jul 11 2014, 02:55 PM
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Senior Member
5,867 posts Joined: Feb 2006 
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Jul 11 2014, 03:05 PM
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Senior Member
6,614 posts Joined: Mar 2011
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It will be interesting to wait and see BR's reaction to the OPR increase.
 MBSB wise, probably will open acct there if they increase their rate beyond 4.7%.  But likelihood of that happening looks dim ..................  |
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Jul 11 2014, 03:08 PM
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All Stars
10,061 posts Joined: Dec 2004 From: Sheffield 
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((3.85/1.1) + 3.85)/2 = 3.675%
((4/1.1) + (4*1.5))/2.5 = 3.855% RHB still better, higher effective rate and only 5% lock for 3 months. This post has been edited by bearbear: Jul 11 2014, 03:10 PM |
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Jul 11 2014, 03:13 PM
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Senior Member
1,630 posts Joined: Jun 2006
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do you have the RHB flyer ? how to check ?
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Jul 11 2014, 03:16 PM
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All Stars
10,061 posts Joined: Dec 2004 From: Sheffield
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QUOTE(ccschua @ Jul 11 2014, 03:13 PM) do you have the RHB flyer ? how to check ? Available on their website QUOTE(bearbear @ Jul 7 2014, 03:09 PM) seems like RHB has improved their 15 months promo; http://www.rhb.com.my/Whats_New/deposits/s...D/#.U7pHrZSSzyQ ((3.48/1.05) + 3.68 + 3.88 + 4.08 + 5.38))/5 = 4.067% First FD promo to breach 4% mark but 5% have to maintain in CASA for 90 days  |
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Jul 11 2014, 03:21 PM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(bearbear @ Jul 11 2014, 03:16 PM) Available on their website Will be interesting to see if RHB will change/increase their FD rate. |
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Jul 11 2014, 03:24 PM
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All Stars
10,061 posts Joined: Dec 2004 From: Sheffield
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QUOTE(bbgoat @ Jul 11 2014, 03:21 PM) Will be interesting to see if RHB will change/increase their FD rate. i smell byebye to BR from regulars here  |
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Jul 11 2014, 03:34 PM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(bearbear @ Jul 11 2014, 03:24 PM) i smell byebye to BR from regulars here Ha ha, not yet la. One reason for me is to spread out the risk. Another is new fund seeking new banks. Lastly do feel BR's rate falling behind for even 1 year rate of RHB.  |
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Jul 11 2014, 04:01 PM
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Senior Member
5,867 posts Joined: Feb 2006
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QUOTE(idoblu @ Jul 10 2014, 07:38 PM) Meaning yes? You r so happy for OPR increase Sapport BLR increase !!  But house owner with housing loan and business owner with business loan are not so happy wor. |
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Jul 11 2014, 04:03 PM
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All Stars
11,308 posts Joined: Feb 2008
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QUOTE(aeiou228 @ Jul 11 2014, 04:01 PM) You r so happy for OPR increase I think my car loan is fixed....so pls increase more But house owner with housing loan and business owner with business loan are not so happy wor.  Just came back from bank converting my 12m FD to 1m. Sigh.....still 3.05%  |
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Jul 11 2014, 04:11 PM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(idoblu @ Jul 11 2014, 04:03 PM) I think my car loan is fixed....so pls increase more Last month I did 1 month in CB at 2.8% ................... Just came back from bank converting my 12m FD to 1m. Sigh.....still 3.05% |
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Jul 11 2014, 04:15 PM
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All Stars
11,308 posts Joined: Feb 2008
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QUOTE(bbgoat @ Jul 11 2014, 04:11 PM) Last month I did 1 month in CB at 2.8% ................... Why so low?  |
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Jul 11 2014, 04:15 PM
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Senior Member
2,490 posts Joined: Sep 2011
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QUOTE(aeiou228 @ Jul 11 2014, 04:01 PM) You r so happy for OPR increase The most happy man should be Ah Long..? But house owner with housing loan and business owner with business loan are not so happy wor.  |
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Jul 11 2014, 04:25 PM
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All Stars
65,273 posts Joined: Jan 2003
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QUOTE Maybank to revise deposit and base lending rates IMPORTANT: We're revising our deposit and lending rates in line with BNM's decision to increase the Overnight Policy Rate (OPR) by 25 basis points. QUOTE Maybank today announced that it will be revising its deposit and base lending rates effective 16th July 2014, in line with the increase in the Overnight Policy Rate (OPR) by 25 basis points. Maybank’s deposit rates will be revised upwards by up to 15 basis points, while its base lending rate (BLR) will also be increased by 25 basis points from 6.60% p.a. to 6.85% p.a. The base financing rate (BFR) of Maybank Islamic Berhad will similarly be revised upwards by 25 basis points to 6.85%. The last revision in Maybank’s BLR and Maybank Islamic’s BFR was on 11 May 2011 when they were revised from 6.30% p.a. to 6.60% p.a. Details here http://maybk.co/b91e40 and here http://maybk.co/982b19 Source: Maybank Facebook This post has been edited by cybpsych: Jul 11 2014, 04:58 PM |
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Jul 11 2014, 04:37 PM
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Senior Member
2,490 posts Joined: Sep 2011
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QUOTE(cybpsych @ Jul 11 2014, 04:25 PM)  May Bank is quite snake: Maybank’s deposit rates will be revised upwards by up to 15 basis points, while its base lending rate (BLR) will also be increased by 25 basis points from 6.60% p.a. to 6.85% p.a. |
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Jul 11 2014, 04:42 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(BoomChaCha @ Jul 11 2014, 04:37 PM) deposit rates will be revised upwards by up to 15 basis points, while its base lending rate (BLR) will also be increased by 25 basis points from 6.60% p.a. to 6.85% p.a. This is what I had said early on...  If so, bank may earn more profit with bigger spread between FD and lending rate. |
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Jul 11 2014, 04:48 PM
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Senior Member
2,490 posts Joined: Sep 2011
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QUOTE(cherroy @ Jul 11 2014, 04:42 PM) This is what I had said early on... This is not against the Bank Negara's law by adjusting deposit rate to only 15 basis point? If so, bank may earn more profit with bigger spread between FD and lending rate. Which the OPR has been increased to extra 0.25%? I thought all banks have to increase their board rates extra 0.25%..? This post has been edited by BoomChaCha: Jul 11 2014, 04:49 PM |
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Jul 11 2014, 04:49 PM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(idoblu @ Jul 11 2014, 04:15 PM) Why so low? CB board rate for 1 month. I used CB as I have flexibility of using CB check to move to any bank that has promo. QUOTE(cherroy @ Jul 11 2014, 04:42 PM) This is what I had said early on... You are right ! If so, bank may earn more profit with bigger spread between FD and lending rate.  Ya, bank always on winning side ! |
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Jul 11 2014, 04:51 PM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(cybpsych @ Jul 11 2014, 04:25 PM) QUOTE(BoomChaCha @ Jul 11 2014, 04:37 PM) Thanks for the info But that is really fast of MBB ! Any other banks reacted to the OPR change today ? May Bank is quite snake: Maybank’s deposit rates will be revised upwards by up to 15 basis points, while its base lending rate (BLR) will also be increased by 25 basis points from 6.60% p.a. to 6.85% p.a. |
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Jul 11 2014, 04:54 PM
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Senior Member
2,490 posts Joined: Sep 2011
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QUOTE(bbgoat @ Jul 11 2014, 04:51 PM) But that is really fast of MBB ! Any other banks reacted to the OPR change today ? I think all banks have to react and revise their deposit rates the latest by today..!!If not, Bank Negara will sahman them.. |
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