5k give to my dad to buy my sister's car. Anyways, Updates I put 30k in OCBC combat inflation for 4%

This is a bad news..
Thanks for the update..

I guess OCBC is almost hitting their target as this is this the best deal
for FD with PIDM.

Or OCBC has a new FD plan to react to the market condition..?

Yes, all my affected FDs are Mubeen.
Thanks for the update...

If FD amount is big, then go for UOB. And also can try to negotiate..

Bro august8.. Thanks so much for sharing the fast info from Alliance Bank more than a week ago..

Allince Bank link (contributed by august8)
http://www.thestar.com.my/Business/Busines...onetary-policy/

I think it is better to put FD in short term now like 3 months tenure, let's hoping interest rate
will go up in July... Ha..ha..

-------------------------------------------------------------------------------------

Announcement on OPR to be made in July, says Zeti
21 May 2014 05:37pm

Source:
http://news.abnxcess.com/2014/05/announcem...-july-says-zeti

--------------------------------------------------------------------------------------

MONETARY POLICY:NO ANNOUNCEMENT YET ON OPR ADJUSTMENTS
21 May 2014, 06:56pm BY Sobana Damodaran

Any announcement related to adjustments to the Overnight Policy Rate, OPR, will only be made after the monetary policy meeting in July.

Bank Negara Governor, Tan Sri Dr Zeti Akhtar Aziz said any adjustments would be based on the outlook of inflation, growth and risks.

Tan Sri Dr Zeti said this after the launch of the Asian Banker Summit 2014 today.

Several economists have reportedly stated that they expect that the Central Bank to raise the OPR by 25 basis points to 3.2 per cent by the next MPC meeting in view of the strong economic growth of 6.2 per cent in the first quarter of this year.

The country's OPR now stands at 3 per cent.

Source:
http://www.ntv7.com.my/7edition/business-e...DJUSTMENTS.html

This post has been edited by BoomChaCha: May 21 2014, 11:50 PM

Thanks for the info, BCC !

Ha, yesterday made another FD in BR for 1 year. Did not do the 2 years like last FD placed. Maybe should have put 3 months?

However did put in some more into EPF to enjoy the high return there.

This post has been edited by bbgoat: May 22 2014, 08:06 AM

So which banks have the best 1 & 3 months FD rates? TQ

info in post#1?

info as at Apr 2014; no new info in May 2014?

locate the top few best in Apr...search it websites?

Let's say the OPR increases by 25 points to 3.2 % as speculated above. How much increase can we expect / estimate / guess for the FD interest rate?

Will it shoot up from 3.6% @ 12 months to a figure like 4.0% @ 12 months? Small leap or big leap

Went to OCBC branch. Service provided is not good . Feel like being look down by their realistic staffs.
Parked my new fund for FD in Public bank instead.

what's the latest rates at PBB? TQ

For one of my acct, the 1 FD cert affected is Mubeen (printed on bottom left of the cert). So it make sense that one particular product is affected. Not related to any negative news speculated earlier.

Finally getting clearer on this issue. But still have to wait until next month to see which direction BR is taking for the Mubeen FD.

This post has been edited by bbgoat: May 22 2014, 03:10 PM

I have 3 FD certs. All show " 51 Akaun Deposit-i Berjangka " at bottom left.
Can you share a screen of yr Cert with "Mubeen (printed on bottom left of the cert)"
TQ

Ha..ha.. this cannot be blamed lah.. you placed the BR FD before Tan Sri Zeti made the announcement; I also placed my 18 months FD with OCBC last month.

Tan Sri Zeti did not confirm OPR will go up in July, she just mention to "adjust" only; but
since several economists have predicted the OPR should go up, then we'd better place FD
in short term first.

Oh..KWSP..
There is a recent rumor spreading in social networks that KWSP is going to bailout MAS
Airlines, but KWSP denies that they will issue bond to MAS Airlines:

KWSP link:
EPF denies issuing bonds to MAS, May 20, 2014
http://www.themalaysianinsider.com/malaysi...ng-bonds-to-mas

I think it is better to pull "hand brake" for future deposit until we see the outcome of MAS Airlines financial crisis..

All my affected FDs are Mubeen; that one not affected (manually key-in dividend) is Berjangka.

I just wait until 1st July to see one whole month (for May) dividend to appear in my iRakyat
account..
Thanks again for the hard work and clarification ...

This post has been edited by BoomChaCha: May 22 2014, 07:08 PM

How to become an IQ member of OCBC?
What are the benefits of being an IO member?

Thank You

This post has been edited by BoomChaCha: May 22 2014, 07:47 PM

BR revised the rate again?

Your "Berjanka" is the same as what BCC mentioned below. So no need to see my cert of "Mubeen" lah.

Already put in the max amt to EPF. Wish me luck ! I am quite sure it will turns out to be O ..........K ................

Where did you hear about it ?

Sure... All the very best to you forever..

tis time reduce again or up abit?