What I saw in MB 2U website is, if one withdraws after 3 months, you will get 1/2 of the rate. That was what I got when I withdrew one FD earlier at BR.

Sharing what I have in mind for my coming FD which will mature next week.

I need the money over the next 3 months. Thus my plan is FD for

1 month
2 months
3 months

The FD rate for 1-3 months is about the same. So better just put all for 1 month with auto renewal. When OPR naik in July +, then my FD will get the higher rate on renewal! Bagus!

Maybe I overlooked something here? Ha.

Cheerio.

it state that you only need to maintain CASA for 90 days which make a whole lot of difference.

Anyway it does sound too good to be true.

Waiting for BCC to clarify, can't find more info on RHB site except the 15 months step up promo.

munkeyflo thank you aunty flo 

Have you calculated the effective rates yet? Why my calculation like something wrong wan.

Assuming CASA no interest, effective rates:
(i) 3.591%
(ii) 3.492%
(iii) 3.424%
(iv) 2.5% ??

(2) RHB Ramadan FD Promo -- Valid until 31 August 2014
(i) 3.78% for 3 moths, put 5% into CASA for 3 months
(ii) 3.88% for 6 months, put 10% into CASA for 6 months
(iii) 4.28% for 9 moths, put 20% into CASA for 9 months
(iv) 5.00% for 12 months, put 50% into CASA for 12 months

Effective rates, assuming no interest in CASA.
I come out with the same as yours:

(i) 3.78% x .95 = 3.591 %
(ii) 3.88% x .9 = 3.492 %
(iii) 4.28% x .8 = 3.424 %
(iv) 5.00% x .5 = 2.5 %

Haha. Dunno. Maybe we are missing something out here. Earlier you all calculated 4.5%+ and now it's like 2.5%

100% comfirmed

Might as well put in Maybank for 1mth FD for 3.2%pa

So we can expect BNM to increase the OPR rate this time. This is good news for depositors but bad news for others 

CIMB Principal expects OPR to rise 25 bps by July or Sept

CIMB-Principal Asset Management Bhd is expecting Malaysia's Overnight Policy Rate (OPR) to be raised by about 25 basis points (bps) by July or September.

Speaking to the media during a briefing, Head of Fixed Income for the ASEAN region Wong Loke Chin said the market had already priced in the potential hike.

"The market is looking at a potential hike of between 25 to 50 basis points in the second half of this year - moving the OPR rates up to 3.25% to 3.5%."

"We are looking at the yield curve to remain flat with more demand on the longer end following the potential rate hike," he said.

FD best rate is RHB is it now? 5%?

More "profit" for u guys out there 

Yes, 2 weeks ago, I paid RM 0.15 for an UOB banker's check.

Top Goat, if you need more flexibility to deposit and withdraw your money while enjoying
attractive interest rate in a saving account, you can consider Affin saving account:

http://www.affinbank.com.my/General/Rates/...rest-Rates.aspx

Or Affin Gold saving account to get better interest rate:
http://www.affinbank.com.my/Consumer-Banki.../AFFINGOLD.aspx

Interest calculates in daily basis, and it will credit into saving account during the last day
of the month.

But it will cost RM 5.00 or RM 5.15 for a banker's check from Affin saving account.

Those who are getting RM0.15 for UOB banker's check, do you mind sharing  the location of the branch? Thanks

Maybank do offer FD for 1 mth for 3.2%, 6 mths for 3.68%..till end July..

3.63% for 12m with the whole world expecting OPR to raise, more like a bait lo.

oh yeah, I forgot about upcoming OPR meeting next month 

some banks think we're "stupid", donno about BNM OPR meeting next month & the expected rise in rate, trying to get people to do 12mth & 15mth FD 

I picked up 2 same FD promo flyers from RHB in Section 14 PJ that I had mentioned
on my Post #717 on page #36:
https://forum.lowyat.net/topic/3190807/+700

(1) RHB 15 Months Step-up FD Promo. Effective rate is slightly lower than 4.00% -- Valid until 31 August 2014

[attachmentid=4028797]

Source:
http://www.rhb.com.my/Whats_New/deposits/s...D/#.U6KpuijDVAc

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[attachmentid=4028747]

(2) RHB Ramadhan 12-Month FD Promo -- Valid until 31 August 2014
(i) 3.78%, put additional 5% into CASA for 3 months
(ii) 3.88%, put additional 10% into CASA for 6 months
(iii) 4.28%, put additional 20% into CASA for 9 months
(iv) 5.00%, put additional 50% into CASA for 12 months

For examples:
(ii) If want to take 3.88%, then need to place min RM 10K in 1 year FD to get 3.88%; then also need to put additional RM 1K (10% of RM 10K) into CASA and hold for 6 months.
So this needs to prepare total RM 11K.

(iv) If want to take 5.00%, then need to place min RM 10K in 1 year FD to get 5.00%; then also
need to put additional RM 5K (50% of RM 10K) into CASA and hold for 12 months.
So this needs to prepare total RM 15K.

Minimum FD placement RM 10K

Note: Very sorry for the wrong info that I posted previously on my Post #717 on page #36.. 

(3) RHB Pure CMD-i FD Promo -- Valid until 31 August 2014
3.7% for 12 months, no need to put money into CASA.

3 months FD is good also, because I am thinking banks FD promo may not react fast to the
new OPR increase.