Lots of talk of BR. You are new and can read earlier discussions in this thread.

Another 25 bps hike in OPR
http://www.theedgemalaysia.com/business-ne...ys-analyst.html

tough call here,

1. it is not often bank offer 2 years promotion
2. even when OPR go up again, can we get a better deal?

most probably the rise will be in Nov. so just a 3-mth placement now is apt.

now which 3-mth rate is the best? UOB 4% (effectively 2.8% plus "free" 3 bags), or BR's 3.6%? sifus, any other better 3-mth rates? TQ

I wud choose BR

My house is filled full with tin-tin biskut.
Only 1 tin got the $$$$$$
The rule of the game is to find the ONE tin in 1 minute



* Note:
As the gurus here would say, Please factor in the probability of your expected returns less your expenses of bawa lorry ,ke tanker , ke kapal to my house,ya?

Hi all sifus,

Wanna ask advise regarding FD.

I have a 6 month FD placed in PBB since 2006 until now. I never touched the money at all during all these years. At that time, the officer also said I must open a SA in order to place FD, but they never issued a ATM card for me. After checking the statements, I found out that the rate used to be 3.5% in the 1st year, then it slowly decreased to 3.40, 3.35... Even dropped until 2.10% in 2010. After that it increased back to 3.10% up till now.

But after reading this thread, I think I'd chosen the wrong bank. Seeing that other banks offer much higher rate, I'd decided to take out all my money from PBB FD and place it somewhere else. Maturity date is less than 3 weeks.

Which bank do you all suggest? This is money that I won't touch, so no problem to leave it for long term, 1 year or 2 years are ok too. But due to the probability that OPR might increase again this year, should I put into 3 month FD first? If so, which banks do you all recommend?

And off topic a bit,
For SA we need to maintain at least 1 deposit/withdrawal in a year right? Otherwise bank will deduct Rm10 yearly. What do they mean by that? It must be performed over the counter or via ATM/CDM also can? Last month when I withdrew money from PBB SA, they deduct Rm40 because I didn't perform any activities in these 4 years. But w/o an ATM card, it is kinda troublesome for me to go to bank to do transactions.

Just go for the best deal as tenure doesn't matter to you, how does 4.2% for 2 years sound? The problem is upon maturity you need to hunt for the next best deal else they will just continue with board rate.

Btw FD can be dump like that for > 7 years?

You mean the ocbc 4.2% for 2 years? Sounds good but as other members said, maybe opr will increase again this year so I don't want to tie up my money yet. But will it be a big diff? Assuming the opr increases again, does the rate will be much higher or just a slight increase?

Yea, PBB sent me a letter last year, asked me to somehow "activate" back the FD coz I had left it dormant for 7 years. So they just renewed it for me. Only to prove that it is still active.

while you park your money for 3 or 4 months with lesser %, you are also losing out in term of interest gained.

which is why that OCBC promo is such a dilemma for anyone with fund expiring these few months.

This post has been edited by bearbear: Aug 1 2014, 03:26 PM

Never mind la..
If put it in a worst case, at least you should get break-even rates if comparing to other FD
promo rates; furthermore you have enjoyed the high interest rates for few months already.
In addition to this, you get monthly interest wor...

For my case, I regret to place my 3.8x% for 15 months FD with OCBC in April.. Ai..

Max 1 year also can la.. Because banks may not react promptly to OPR change...

Thanks for the link..

1. It is possible that OCBC predicts the second OPR will go up again.

2. Sure can, but need to wait for banks to revise their rates.
For examples, MBSB & BR are still using their existing FD rates that
before recent OPR increased.

Yea, now my 1st option will be the OCBC 2 yr FD @ 4.2%.

Please always refer to the first page to view all updated FD promos:
https://forum.lowyat.net/topic/3190807

In my opinion, If you are concerned about the 2nd OPR increase, then place
your FD for 3 months or 6 months tenure.
If you want to place FD today, then I think 6 months is the best.

If you want to know more FD update, please visit here every day.
We welcome you, and here is your second home from now on.

Yes, an active SA needs to have one pair of deposit/withdrawal per year; otherwise
RM 10 will be deducted from your SA every year until your SA has no money left, then
your SA will be closed automatically.

Wow, official reply from our ambassador !

so the conclusion is there's no OPR hike in Sept but got some chance in Nov meeting

Guys,
I think Affin is abit similar to BR. I am at the HQ in KL & nowhere in the bank is there any flyer or ad on this promo rate. So out of curiosity asked the customer service, then he asks his colleague who then pulls out a photostated A4 with this promo which he said he cannot give me as it has not been formally launched.

Finally, I asked twice to confirm if there is any other conditions besides the minimum amount & fresh fund, he said no.


On another note, just thought of making a survey, who's betting on a rate increase by the end of the year?
For those who have FDs maturing this few months and renewing on a shorter term, it will 'hurt' the overall average interest rate from what i have calculated, hm.. so is a dilemma

We must talk nicely to new members ma..; otherwise they
will not come here anymore wor..

This is what To Goat said: Nov should announce OPR increase...

methinks it'll be in Nov too; Sep maybe too early after the Jul increase. furthermore BNM may wait to see what's in Budget2015 in Oct...

This post has been edited by giko: Aug 1 2014, 04:30 PM

My FD will only be matured in another 2weeks+.. So now I'm starting to survey which bank to place my FD in.
Will definitely visit here everyday or at least every 2 days

Thanks all sifus in advance!