What lah, seeing Captain and BCC talking about money or money politics at wee hours of the day ! Hypocrite or not, I think it depends on to what extent you want to mix your life with it. Politics in a country affects a lot of aspects in our life. To me, as far as FD is concerned, whichever bank that can give good returns with minimal risk is good enough. I like Gardenia bread by the way.

For PIDM, it is a kind of insurance and member banks have to pay certain amt to get PIDM protection. So that could be just one of the reason why PIDM banks give lower rates. But of course those institutions with no PIDM may want to give higher rates to attract depositors.

Today my Citibank FD auto renewed to 12 months 3.05% (old rate). So it is good to check for FD auto renewed. You may want to cancel it and to renew when your banks changed their FD rate with the recent OPR change.

This post has been edited by bbgoat: Jul 17 2014, 10:16 AM

So looks like I have to open acct there, MBSB, before the merger for the 5 yrs 4.7% (or higher ?).

Thanks !

It is still a risk over return issue. Stock returns can be good but volatility is there. Spread out the risk.

The effective rate of around 4.06% looks the most attractive at the moment. MBSB 4.7% for 5 years, but then if the OPR rate going up in 1 year, then 5 yrs rate may go even higher ?

Ha ha, so have to decide whether to go for RHB first ?

Interesting that RHB and MBSB are merging with CIMB soon ?

This post has been edited by bbgoat: Jul 17 2014, 12:25 PM

Yes. Stuck with 4.7% till end of tenure. But after the CIMB merger, not sure whether there will be the good 5 yrs rate by other banks.

Agreed that waiting for too long is bad. You may get another 0.25%. But if amt is big, you may lose out more while waiting for the rates to go up. Just like I put in CB at 2.8% for 1 month.

12 mths and 15 mths, 3 mths difference and you get 4.06% annual rate ! Good deal !

Over already. I have CA in CB which made it easier to move the funds around by cheque.

Interesting hypothesis. Instinct said no but they are under CIMB umbrella. So, yes, I think so. Rate wise should still be the same unless they revoke and return all deposit (with interest to date) to depositors.

Thanks for the analysis, interesting !

So I may play safe, split to both, RHB and MBSB. Win win situation. But at the end still RM250k PIDM protection after the 3 (include CIMB) merge. Ha ha ha.

I would not wait until Sept unless it is FD due at that time. That is the gamble we have to take.

How come some hebat guy quoting people, what happens in this world

This post has been edited by bbgoat: Jul 17 2014, 04:40 PM

Well, each has their own way of life, like some interesting warrior here ..................

For me, spread the risk, then we are OK. Nothing is 100% right or wrong in this world.

Must be super rich or super busy until forget about the money. Likely to be the former.

Just 2 days ago, CB auto renewed my 1 year FD to 3.05%. Well the FD amt is small, so no need to cancel and rebook to the new rate.

I think we have to stop calling names, being cynical or whatever. By right/left or center, lets concentrate on reporting/discussing on FD. Each has their own opinion and lets respect each others opinion. P E A C E.

This post has been edited by bbgoat: Jul 19 2014, 09:41 AM

I would calculate the loss if I cancel the 3.6% FD vs the gain from the 0.1%. If the amt is big in terms of gain, then I will change to the new rate. Mainly the days when the 3.6% was renewed.

Agreed on the add'l points you mentioned including convenience, service, time other than the rates. CB wise has phone banking service which is good so I did not think of the other points you mentioned. But for other banks, we have to consider the other factors other than rate increase.

Yes, Beach Street is the main street. Bishop Street which is also junction with Beach Street also have some banks there. CB is not in that area.

Are you (aeiou228) planning to open bank acct in Pg island ?

This post has been edited by bbgoat: Jul 19 2014, 10:58 AM

No, something wrong somewhere ? You have put in too much money there ?

But could it be a scam ? I did receive 2 missed calls from 03 78012888 yesterday. Is that the number they called you ?

Ya, very hard to get parking space in Beach Street. Thats why one time OCBC has promo I still skip it due to parking there is very difficult. Though there is one big open space parking lot nearby. But MPPP has one multi-storey car park along Beach Street which they took over recently. But never try that before.

This post has been edited by bbgoat: Jul 19 2014, 04:49 PM

To me, Batu Maung a bit far away. Stayed nearer to town than Batu Maung. Did consider going there before but a bit lazy to drive down there.

This post has been edited by bbgoat: Jul 19 2014, 04:51 PM

Must be big business income lah ? Another problem of yours which you mentioned before with another bank ?

Why prepare income tax form first ? Just to show to them ?

Sorry, all 4 above ? marks .............

Oh, I see. Thanks !

Have attended some of their free seminars before. But never paid one which are pretty expensive.