On it's own, MBSB sure can raise the 4.70% (but no obligation to do so)...except when the trio merge, are the other duo willing to retain the rate which is outstandingly high compared to their lousy rates

Let's wait for the official announcement about the merger. If it doesn't materialise, then no need to torment ourselves with disturbing thoughts about the rate


Don't forget to announce your findings here


2 cases have been highlighted in the press...wonder how many more go unnoticed?

Probably those 2 cases have something to do with BR's decision to revise down their FD rate.

BR fans, if you feel pertubed (like yours truly ), it's time to seek greener pasture (if there is one la )

Fitch estimates 22% of deposits at the merged entity would be CASA on a pro forma basis, much lower than CIMB's current 36%.
It noted that both RHB and MBSB lag the larger Malaysian banks in current and savings account (CASA) deposits, an important source of stable funding. "As such, the new entity could be at a funding disadvantage relative to CIMB, owing to a lower proportion of CASA deposits," it said.

I believe they need a lot of effort to attract government and corporate deposits after the merger. Will the new entity initiate more promotion to attract personal depositors? Let wait & see...

OMG. How to believe in BR if they do tis.
Those who have deposit in BR should be worried

The nearest u can get is Affin, but how long can it last. I heard some rumors Maybank might be interested in Affin & merged with it

Boycott BR!!! Do you want your hard-earned money being kept by a bank without transperancy? Dun tamak additional 0.2% interest at the end all your capital also evaporate!!!

I will stay with BR despite tis news

http://www.thestar.com.my/Business/Busines...egara-OPR-hike/

Some banks have also announced the revision of their deposit rates, but the quantum varies from one lender to another as well as the deposit tenure.

Among others, Maybank’s deposit rates will be revised upwards by up to 15 bps.

HLBB and Hong Leong Islamic Bank Bhd (HLISB) will increase their fixed-deposit and Term Deposit-I rates by up to 25 bps.

Following the revision, HLBB and HLISB’s new deposit rates for one, six and 12 months would be 3.05%, 3.2% and 3.3%, respectively.

Meanwhile, OCBC Bank (M) Bhd and OCBC Al-Amin Bank Bhd will be increasing their fixed-deposit and General Investment Account-i rates respectively by up to 20 bps, depending on tenures effective July 21.

This post has been edited by Human Nature: Jul 15 2014, 07:02 PM

Warrior, If the trio merge officially, I think most likely 4.7% will not be available because
one of the reasons is PIDM.

If MBSB alone, yes, 4.7% is possible to raise.
If I can recall correctly, MBSB offered 5.5% was the highest I have ever seen since
few years ago, I regret I did not place it at that time.

I was wondering will this merging successful or not?
Yes, I will post what I find out from MBSB, most likely will be on Thursday.

Oh... This is possible that BR reduced their rates because of this scandal?

I think MBSB's 4.7% for 5 years, do it before the trio merge...

Oh.. so cool ah..

You not scared meh..?
Can share why you still have confidence with BR despite the news..?

I have 3 banks in mind, RHB, MBSB and Affin. Now don't tell me Affin is also being targeted ?

Have to rush to open FD account in MBSB (& RHB).

In my opinion, Affin strengths are (1) 3.6% for 1 year (2) Affin saving account.
Why you are so worried leh..?
For me, I am only worried Affin saving account..

Most likely I will place 4.7% before they merge, but still need to observe market news first.

About RHB's 15 months FD, I am not interested at all as for now, because I want to see will OPR
increase again or not in September?

You are right, I think I will withdraw all my BR FDs upon maturity.

We always need to prepare for the worst, the scandal could be
a symptom to give us a warning now..

But I will miss BR's iRakyat features...
Let's see lah.. very headache now..

Not worried about Affin as such. Worried that I run out of banks to place my FD........

Ha ha, you still banging on the OPR increase in Sept ? Lets bet !

How many more years for your 5 yrs FD in BR ? Another 3 years ?

My FD is less than 0.0001% of their total deposits
V can't react daily as gud/bad news release every second

I believe 'they' can pull themselves out of most mess, so by right BR should still be safe, as much as we hate what is currently happening.
My take would be to spread the FD around abit.

BIMB & Muamalat also got into financial troubles but no FD's there were defaulted upon! Yes, they are under BNM's jurisdiction you can say but will the gahmen allow BR or MBSB to fail which will then cause a run on the other M'sian banks?

Somehow the gahmen will "kowtim" their problems...

Wow, 0.0001% is still a bit sum in BR !! Mine is 0.000000000000000000000000000001%

I do agree that BR can pull out of the problem unless it is a very serious one. But do not ask me to define serious. Ha ha ha.

This post has been edited by bbgoat: Jul 15 2014, 10:00 PM

I used 4 decimal points by default
U used 30 decimal points

If you still remember the cooperative banks collapsed and depositors bank run the cooperatives but not couldn't withdrawal in time. You wouldn't want to put money in BR. BTW, BR is a cooperative.

Maybank has just updated its FD board rate on its website. It is 3.30% for 12-month tenure after midnight.