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 Fixed Deposit Rates in Malaysia V6.1, Please Read Post #1

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munkeyflo
post Jun 20 2014, 02:29 PM

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RHB CASA Interest Rates:
http://www.rhb.com.my/rate_charges/interes...vings_main.html
http://www.rhb.com.my/rate_charges/interes...rrent_main.html
bbgoat
post Jun 20 2014, 02:34 PM

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QUOTE(munkeyflo @ Jun 20 2014, 01:10 PM)
Have you calculated the effective rates yet? Why my calculation like something wrong wan. rclxub.gif

Assuming CASA no interest, effective rates:
(i) 3.591%
(ii) 3.492%
(iii) 3.424%
(iv) 2.5% ??
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QUOTE(BoomChaCha @ Jun 20 2014, 01:48 PM)
(2) RHB Ramadan FD Promo -- Valid until 31 August 2014
(i) 3.78% for 3 moths, put 5% into CASA for 3 months
(ii) 3.88% for 6 months, put 10% into CASA for 6 months
(iii) 4.28% for 9 moths, put 20% into CASA for 9 months
(iv) 5.00% for 12 months, put 50% into CASA for 12 months

Effective rates, assuming no interest in CASA.
I come out with the same as yours:

(i) 3.78% x .95 = 3.591 %
(ii) 3.88% x .9 = 3.492 %
(iii) 4.28% x .8 = 3.424 %
(iv) 5.00% x .5 = 2.5 %
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For the 12 months one, the number playing game is crazy. 2.5% ??? shakehead.gif
munkeyflo
post Jun 20 2014, 02:43 PM

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QUOTE(bbgoat @ Jun 20 2014, 02:34 PM)
For the 12 months one, the number playing game is crazy. 2.5% ???  shakehead.gif
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Haha. Dunno. Maybe we are missing something out here. Earlier you all calculated 4.5%+ and now it's like 2.5% laugh.gif
bearbear
post Jun 20 2014, 02:51 PM

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QUOTE(munkeyflo @ Jun 20 2014, 02:43 PM)
Haha. Dunno. Maybe we are missing something out here. Earlier you all calculated 4.5%+ and now it's like 2.5% laugh.gif
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both also don't make sense, i already email a RHB banker for more info.
bbgoat
post Jun 20 2014, 03:01 PM

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QUOTE(munkeyflo @ Jun 20 2014, 02:43 PM)
Haha. Dunno. Maybe we are missing something out here. Earlier you all calculated 4.5%+ and now it's like 2.5% laugh.gif
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Our Big Bear is the one that calculated the 4.58% based on available info at that time. I told him cannot be that good ! Ha ha.

Also, the newspaper that I saw about the OPR change/increase is China Press Wed Business section page F8, not Sin Chew. blush.gif

This post has been edited by bbgoat: Jun 20 2014, 03:01 PM
davinz18
post Jun 20 2014, 03:06 PM

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woh! 12mth FD effective rate only 2.5% shocking.gif u gotta be kidding me shakehead.gif
Human Nature
post Jun 20 2014, 04:50 PM

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From 1st post, OCBC promo:

Existing Funds - No need stupid CASA thingy.
3 Months - 3.2%

I will have some FD at OCBC maturing this 28th, a Saturday and the branch at my place is open. Accept existing fund some more.

bbgoat
post Jun 22 2014, 09:48 AM

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Next BNM meeting is on July 10th, right ? Can someone confirm it ? Thanks !
ikanbilis
post Jun 22 2014, 10:16 AM

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QUOTE(bbgoat @ Jun 22 2014, 09:48 AM)
Next BNM meeting is on July 10th, right ? Can someone confirm it ? Thanks !
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100% comfirmed

bbgoat
post Jun 22 2014, 10:21 AM

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QUOTE(ikanbilis @ Jun 22 2014, 10:16 AM)
100% comfirmed
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Thanks ! rclxms.gif

Have UOB FD maturing on Tues. Now thinking of just renew it in UOB for 1 month at 2.9%. Just ignore UOB 3.73% FD promotion until end of June.

Hopefully after July 10, UOB may have FD promotion of 4%. Their promotion vs board rate is about 0.6% increase. So if OPR up by 0.25 to 0.5%, then UOB could have FD promotion close to 4% or more ? drool.gif drool.gif

No finance expert, just hoping ................. drool.gif drool.gif
nsx88
post Jun 22 2014, 10:48 PM

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Might as well put in Maybank for 1mth FD for 3.2%pa




QUOTE(bbgoat @ Jun 22 2014, 10:21 AM)
Thanks !  rclxms.gif

Have UOB FD maturing on Tues. Now thinking of just renew it in UOB for 1 month at 2.9%. Just ignore UOB 3.73% FD promotion until end of June.

Hopefully after July 10, UOB may have FD promotion of 4%. Their promotion vs board rate is about 0.6% increase. So if OPR up by 0.25 to 0.5%, then UOB could have FD promotion close to 4% or more ?  drool.gif  drool.gif

No finance expert, just hoping ................. drool.gif  drool.gif
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Human Nature
post Jun 22 2014, 11:03 PM

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Anyone of you know whether Maybank is open on Saturday?
bbgoat
post Jun 23 2014, 12:01 AM

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QUOTE(nsx88 @ Jun 22 2014, 10:48 PM)
Might as well put in Maybank for 1mth FD for 3.2%pa
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Ya, except MBB FD promotion is not that good. Just waiting for a good FD promotion from UOB. Also do not have to move from UOB to MBB and back again, not much gain for the 0.3% extra. smile.gif
SUSSarah Jessica
post Jun 23 2014, 12:42 AM

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So we can expect BNM to increase the OPR rate this time. This is good news for depositors but bad news for others smile.gif
bbgoat
post Jun 23 2014, 09:38 AM

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QUOTE(Sarah Jessica @ Jun 23 2014, 12:42 AM)
So we can expect BNM to increase the OPR rate this time. This is good news for depositors but bad news for others  smile.gif
*
There is always pro and cons to certain actions. smile.gif

However it is not 100% for sure yet. It is a matter of time. biggrin.gif
xcxa23
post Jun 23 2014, 09:52 AM

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QUOTE(Sarah Jessica @ Jun 23 2014, 12:42 AM)
So we can expect BNM to increase the OPR rate this time. This is good news for depositors but bad news for others  smile.gif
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Yup. I remember the news I read that on july discussion will be going on and the increase was 0.25% at least.
Well, had to wait till then.
Jz purchased an apartment at penang with blr of 4.2%
the blr might raise to 4.5%..
Pro and cons happening anywhere.
HJebat
post Jun 23 2014, 03:17 PM

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BR kaki,

It was mentioned before that the banker's cheque issued by BR is FOC.

But I kena charged RM2.00...anyone encounter the same experience recently?


kwokwah
post Jun 23 2014, 09:58 PM

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Mine also charged RM2 for bankers cheque.
davinz18
post Jun 24 2014, 03:56 PM

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CIMB Principal expects OPR to rise 25 bps by July or Sept

CIMB-Principal Asset Management Bhd is expecting Malaysia's Overnight Policy Rate (OPR) to be raised by about 25 basis points (bps) by July or September.

Speaking to the media during a briefing, Head of Fixed Income for the ASEAN region Wong Loke Chin said the market had already priced in the potential hike.

"The market is looking at a potential hike of between 25 to 50 basis points in the second half of this year - moving the OPR rates up to 3.25% to 3.5%."

"We are looking at the yield curve to remain flat with more demand on the longer end following the potential rate hike," he said.
ngaisteve1
post Jun 24 2014, 04:58 PM

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FD best rate is RHB is it now? 5%?

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