most of workers mana ada extra spare.. if not multinational or Oil & gas.. buy some properties.. affordable ones

not all.. few famous one.. and only few thousand only.. not big boss at all.. some property fella more good.. 500k one shot savings accounts

Sure or not? I cannot believe this..

If you put few thousands in each bank, this means you need to go many times
back and forth to do deposits and make withdrawals, then how do you use the
earned FD interest to cover the opportunity cost like time, petrol, and energy..?

If you say you put each 500k one shot to each bank, then this makes sense la..

This post has been edited by BoomChaCha: Aug 4 2014, 12:55 AM

It may not be closed if it is not less than 7 years inactive. If you have the pass book or statement, look at the last transaction date. Or just drop by any CIMB bank or call them to check status.
To make SA active is very easy and cheap now by doing IBG through internet banking as it costs only 10sen.

I wasnt active in this forum (I think for a year). I remembered that time MBSB already offered 4.7% for 5 years but most members werent interested. That time All were taking about BR especially on getting extra % through negotiation. Now the scenerio has changed. All looking for long term.

I may be wrong, I think the OPR will be revising upwards again 1st half next year and thus it is better to place 3-9 months.

In fact, MBSB has been offering 5 years FD at 4.7% since 2011.

We are more interested in MBSB rather than BR recently I think this is because of these 4 reasons:
(1) MBSB 5 years rate is better than BR 5 years rate, 4.7% vs. 4.4%
(2) Merging issue, worrying MBSB 4.7% will not be available after the merger
(3) Gain more confidence to MBSB because MBSB is going to merge with 2 banks that with PIDM
(4) BR recent huge loan without interest scandal

So, where should we put our chips to?
(1) 3 months..?
(2) 6 months..?
(3) 9 months..?

If we can hit it in the right timing, then bingo la..

This post has been edited by BoomChaCha: Aug 4 2014, 02:31 AM

Coz you don't want to be addressed as a sifu or a demi one

I want to play for 5-year at MBSB but currently run out of chips...the next supply of chips will only be made available around December. If the rate is still around that time (and sitting comfortably at the summit & haven't been dethroned by others), surely I will show hand with all the chips that I have No guts, no glory...let's go for it

What about you?

Easy to say now, when time coming suddenly feet turn cold one =)

Malaysian banks race to get deposits
http://www.thestar.com.my/Business/Busines...longterm-funds/

For someone who has not enough money to split into FD & SA of course will get cold feet

Good news for us!
More competitions between banks=higher FD rate for us, then we can have more choices.

thanks for the news.good,great news!higher fd rate please!!!

Any idea when are they going to change the OPR?

Why does OPR have effect on FD?

Please understand what is OPR first.

URL: http://en.wikipedia.org/wiki/Overnight_policy_rate

Market is anticipating another 25 basis point up by end of the year.

Current OPR rate is at 3.25%

increase by sept will be good.if not, then Nov.

September is too near and I don't think it'll be very likely.

Read about that. But still cannot understand how it affects FD and loans.

Banks can just ignore's BNM to increase their FD rates but increase their loan interest to maximise profit right?

OPR is the interest rate a bank needs to pay in order to borrow from another bank. Banks in Malaysia do not face liquidity problem or credit crunch like happened few months ago in China.

OPR is equivalent benchmark rate used by US Federal Reserve and ECB. Central banks control this figure.

Besides, loan interest rate also governed by BNM using BLR model which is also tied to OPR.

This post has been edited by David83: Aug 4 2014, 04:16 PM

OPR rate increase in Sept kinda too near, Maybe Nov should be more appropriate

I read that if OPR increases, BLR also increases. How does OPR causes BLR to increas/e

Read this site:

http://www.blr.my/