usually fresh fund = money not from the same bank.

abit stupid as people can move out and move in again but heck, what do i know.

2 yrs @ 4.2% .... ok ga?

your next best choice - Affin / RHB 15 months around 4.05% mark

Like some taiko here say, if you put 15m @ 4.05, you still lose some because the balance 9m you need something better to do better than 4.2%

good deal for now if you can let the money sleep for 2 yrs, MBSB 5 years 4.7% but non PIDM.

This post has been edited by bearbear: Jul 31 2014, 02:47 PM

Ah Hah... OCBC may be anticipates the next raise of OPR soon..?
and OCBC tries to catch some big water fishes now...?
Better be careful...

Yesterday an Affin bank officer (should be the branch manager) said
the chance of next OPR raise was 50/50.

Nov..??
Okay.. I wrote it down already...
Thank you..

This post has been edited by BoomChaCha: Jul 31 2014, 03:03 PM

Yup, just managed to catch the rate on the last day. islamic FD, not sure whether this is new promo rate.

thanks for the reply..
damn i missed it.. 2day too bz at work... oh well, might as well wait for another wave..
i heard some 'uncomfirm' news that opr might get a raise around sept~October end

Much as I like high rates, it can't overcome the perceived risk involved.
I hear alarm bells ringing.



I got lots of tin biskut in the house

This post has been edited by ??!!: Jul 31 2014, 11:30 PM

Out of curiosity, what is your address ah? So that... um... I can visit you when you got open house...

Count me in.. we can go together, I will drive a lorry to carry tins..

Oh, I would be happy with another OPR hike soon.

Nov ? Guess only lah. You guess Sept ? So soon !

Sounds like I missed out the fun that you guys have last night. Will drive down in a big lorry from Penang to join you guys.

This post has been edited by bbgoat: Aug 1 2014, 09:31 AM

count me in too.money money money!here I comes!

With the recent increase in OPR, the FD rate s drop from 3.9 to 3.8, why members feel the rate will go up if there wil be another increae in OPR?

I did not say Sept wor..
I am just thinking to prepare for the 2nd raise of OPR only..

If OPR not raise within this year, it is possible that OPR
will raise before the implementation of GST next year.

Newspaper said petrol price may increase RM 0.30 per liter in September..

Welcome back Bro gsc...
We did not see you for almost a year...

This is what I think:
I think OCBC main target market is their 4.2% for 2 years; but not 3.8% for 1 year.

This time OCBC is purposely lowering their 1 year FD rate from 3.9% to 3.8%,
because OCBC wants to make 4.2% more attractive.

So I think this is one of the symptoms that the OPR should go up again soon..

This post has been edited by BoomChaCha: Aug 1 2014, 01:38 PM

Narrowing down their target market - bigger fish with longer term.

You have said you are going to keep your FD on short term of 3 (or is it 6 ?) months to prepare for the next hike.

Anyway I would be happy if the next hike is in Sept.

This post has been edited by bbgoat: Aug 1 2014, 12:36 PM

If I can recall it correctly, this is the first time OCBC offers 2 years FD.
It looks like OCBC enters the casino to catch big fish now..

Now, here is a gamble..
(1) For people who do not think OPR will go up, then can consider to go for OCBC 2 years.
(2) For people who think OPR should go up again soon, then take FD from 3 to 6 months.

So let's assume we are in the casino now, should we put our chips to buy (1) or (2)..?

Thanks for your advice. I've decided to place an eFD with cimb cos I've an account(money multiplier) there rather than opening new account with OCBC. If I place eFD today , when is the maturity date and withdrawal date? Is it auto renewed and will there be additional charges?

I placed my 3 months FD with OCBC and it will mature in early
September, the maturity date is before the BN meeting in September...

Maybe continue to place another new FD for 3 months or 6 months after
it matures in September.. Very headache

But still needs to see the market news first...

In Jan to April 2014, I have placed FD for 2 yrs in BR getting interest rates of 4.1% to 4.25%. Now, thinking should have placed for 1 yr only. Well ...

So
(3) For people who think OPR should go up again soon, then take FD for max 1 year only.

U forgot Bank Rakat, their rates good