I remember a while back there's a new saying bnm gonna revise the blr by at least 0.25% in June/July right?
Hmm.. This make me think that interest rate for FD gonna up a little.
How do u view on this matter? Perhaps bank might revise the effective rate to 4.0%?

I got a few maturing this month. Was with affin normal fd @3.6%

Was thinking same as u, put one month fd in maybank and see how's the promotion/rates gonna take.

Imo, current best for 12 month is HLBB.

Guys if ur business acc is the same as the bank u planning to put ur FD, definitely can try to nego.
Oh ya, this is for monthly FD.

But of cos it still depend on the branch manager and your skill. What I do is

First I ask them the rate from their normal staff, then I told them this and that bank higher wor, can't you up abit?

After thinking and looking at their monitor, they said nd to ask their boss. So after waiting for few minute, their boss come out and ask to enter his office.

At first he will ask how much u can put, so I said half of the amount I want to put. He offer 3.2.
So I ask again if I add another 200k can up till 3.4 or not. Well I was just joking and testing luck. Unexpectedly he said can offer till 3.3.

This make me wonder, maybe due to my business and personal acc was in the bank so they can offer this rate.

Largely contribute is the branch manager. Talk nice and respect with them. Sort of like chatting with friends.
Remember is they have the final say on yes or no.

RHB
it is monthly placement. same as 12 months FD but its only last for 1 month. the next month also same rate. i felt like if put in saving, the rate is tooooo little. so i choose this.
the reason i choose this because i believe 12 months FD gonna spike within this few months.
and i dont wanna put in current promotion.
this way, i can withdraw and put in other much higher 12 month FD after the BNM decision.

i really think is up to the branch manager or the one they called boss
and most important is our attitude. if we respect ppl, ppl will respect us back and willingly to help us.

erm, if got two 50k cert then also can nego. i tried with HLBB b4. mange to get 3.65 for 12 month FD last year expiring soon too

nice~! i was worrying that only im thinking like this
hopefully will bump up to at least 4%, mine expectation. lol..

well, its very subjective cos not every branch manager are easy to nego.
i also tried to nego with pbb in but he keep insisting that the rate is fixed and cant be change.
that time is also 2 50k cert but man, when i tried nego, the facial expression of the staff is like looking down at me.
at least u no nd fresh fund.

nope... no additional t&c, jz need to nego with the branch manager

Erm... Minimum I think is at least 6 figure.. As for how long, he din says minimum how long but I got told him that if any rate attracted me, I will go for it. Then he said for promotion, he still haven't get any news from hq. When it's ok, he will infrom as frequently will go to bank to bank in/withdraw money.

Haha.. I guess they have no eyes for small fry like us. They only interested for 7 figures.
Oh ya, I jz remember my friend said ammbank branch manager every few months will bring him red wine personally. Its true cos I got saw the manager at his house b4.
U can see how realistic some of them.

Wonder how this news gonna affect FD rate.. Hmm
Short-term rates to remain stable on Bank Negara intervention
Any comment?? Or it is irrelevant for FD?

wow.. which newspaper??
this will certainly raise to 4% level

Hmm.. 15 months imo too long.. max I can take is 12..
Well the effective rate is 4% which is a good sign, meaning most likely the olr is a go.
This might even set a base for all bank to give an effective rate of 4%

Lol.. Thanks for the info.. start preparing bullet.

Thanks fot the insight. U got a point there.. that's y I don't like more than 12 month tenure.

Well, if u don't mind running here and there, better opt for 1 month tenure 1st. After the olr news become official and banks starting to make promo, only decide which suit your taste.

Imo, regardless of the effective rate, it's not worth it. Judging from the simplest calculation,
Assuming capital 100k
If 100% fd @3.7= 3700
If 80% fd 20% casa @4.5= 3600

Some more last step up nd 50% casa.
Nd an expert with calculation.

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.

Yes. That's correct.. i put some in affin few month back. Din know about the obr raise tat time.
Btw, does can anyone can confirm about my calculations about this?
http://www.affinbank.com.my/General/Rates/...rest-Rates.aspx
Saving 20k, rate 2.8%
= 560 per year
Correct?

thanks for the info..
will ask when passby there but most likely is next year lol..
anyway, will update here once information confirmed.

thanks for the info.. i was also thinking highly possible with tiered rate.
hmm.. usually promo with CASA usually the effective rate will lower so i alwways avoid these type of promo.
but arent their on board rate quite good?
like the one with 12 months with 3.6%?? last few months only placed it and if not mistaken, minimum 10k

the only thing i hate about the c2p CASA is have to put at least 10% in it

imagine affin 12 months 3.6%
placement = 50k
50k x 0.036 = 1.8k

then the c2p casa 10%
placement = 45k FD, 5k CASA
45k x 0.0385 = 1733

we still at loss....
good for you.. open too many casa acc also useless..

Hi, May I know us the OCBC 3.9% is the effective rate?

thanks for the reply..
damn i missed it.. 2day too bz at work... oh well, might as well wait for another wave..
i heard some 'uncomfirm' news that opr might get a raise around sept~October end

Aiks, aren't 2nd round opr might coming on Sept 18? Bro so fast deposit for 15 months?
Weird leh.. last week deposited 3 month FD in affin as well, but does not require SA or it is promotional??

u got a point there.. either way, still earning so
thanks for the info.. but u do have big tolerance, 15 months. even 12 month i also but thats just me.. impatient