RHB hasn't revised as well. Is it due to the merger talks?
Fixed Deposit Rates in Malaysia V6.1, Please Read Post #1
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 Jul 16 2014, 09:27 AM
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#1
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Junior Member
131 posts Joined: Aug 2012 
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Jul 16 2014, 10:03 AM
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#2
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131 posts Joined: Aug 2012
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Won't that be bad for CIMB/RHB's capital (those Tier stuffs)? Those having accounts with multiple banks (e.g. RHB and MBB) are going to shift their cash to banks with higher FD rates.
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Jul 17 2014, 05:17 PM
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#3
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131 posts Joined: Aug 2012
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RHB FD Rates up.
+15bp for 1mth - 6mth, +25bp for 7mths onwards. |
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Aug 3 2014, 09:46 AM
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#4
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131 posts Joined: Aug 2012
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QUOTE(tbheng @ Aug 3 2014, 09:15 AM) I remember reading here that some forumers think/expect the MBSB FD will automatically become PIDM protected once MBSB merged with CIMB. Gold investment account doesn't fall under the scope of PIDM, which only covers certain type of deposits.My thinking is... it may not necessarily be the case. A financial institution whom is a member of PIDM does not mean all their products are PIDM protected. They can likely left MBSB FD stay as-is, i.e. non-PIDM protected post-merger. I have seen (based on my experience) banks that have non-PIDM protected products though they are a member of PIDM. For example this MBB investment acct is not PIDM protected. Just my 2 cents.   http://www.pidm.gov.my/About-Deposit-Insurance/Coverage.aspx I think what you meant is the the PIDM protection might not apply retrospectively on deposits placed before the merger? This post has been edited by Okina: Aug 3 2014, 09:47 AM |
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