Bro, for FD above 12 months, I guess most banks need us to have a CASA account for the semi-annually interest to be credited into.

Bro, 4% - 4.2% also not to your expectation But then again if FD interest rate ever goes up to 10% and above, that time we will be more worried and wonder if we should go with FD or change all our money to gold!! See attachment below for RUB- close to 100% "profit" within a month or two!

Back in 1998, when our RM was fluctuating and everybody having no cash in hand and government equally broke, I remembered that Habib appealed to the Rakyat to donate their Gold to the government!!!

Anyway Bro, you moving any into AUD? RM have actually strengthen against AUD, even in the last month.

This post has been edited by Gen-X: Dec 22 2014, 12:26 PM


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True, true. That's the risk of playing FOREX.... USD how high can go before it starts to loose steam and head south? AUD how low can go since Oz economy bad? How long more can MYR keep strengthening versus AUD? Maybe better solution is just go use our money and buy agricultural land (no assessment and low quit rent) where the price is sure to rise with time and proven time and time again better than FD interest rate. Or maybe just go gamble on gold

This post has been edited by Gen-X: Dec 22 2014, 07:09 PM

Bro, debt is good. US debt more than USD 18 Trillion and economy growing. On the other hand, Malaysia government freaking rich so much so they handing out FREE money to those who earn up to RM4K/month who also don't pay a single sen of income tax. So by right, Ringgit should be worth more than USD

US Citizens in debt per person = USD56K versus Malaysian's debt per person USD5.7K. So can I say each Malaysian is 10 times richer than a US citizen? haha
Source: US Debt Clock versus Malaysia Debt Clock

This post has been edited by Gen-X: Dec 22 2014, 08:42 PM

Well, I think before Armageddon strikes, all the players in Casino USA Royale will eventually come to their senses that their cash vault is empty and one by one will cash in their chips and continue having thrills at the newly opened for business casino named Rollers' Money Banca, in short RMB

Our current generous (BR1M) and smart (who don't talk much but work behind the scenes) PM good friend with Putin and more importantly with Obama. So, we don't have to worry about economic sanctions (yet) and end up like Russia. But, for some reason if wise TDM (who like Putin takes no shit from US and blames US for MH370) comes back to power, change all your money to gold, wait for capital control measures and then convert back to RM and make 100% profit, hahaha.

Bro, USA method better, borrow money at close to 0% and push up the stock market

Then there are people like me who uses Credit Card 0% Balance Transfer (borrow from another bank at 0%) and deposit the money in FD instead of paying the credit card bill in advance

This post has been edited by Gen-X: Dec 22 2014, 09:48 PM

And I gave you credit for it in Post#1, last updated 16 Dec 2014. I have yet to update Post#1 for MACH which is offering 4% for 12 months but did update in my FD Page at my blog.

UOB Christmas Promo 12 months 4.2% extended until 31 December 2014. Click here to my Fixed Deposit Page for more FD Promos.

I tell you, nowadays I don't really have to move my funds here and there to satisfy the big hassle fresh fund requirement. Today and back in November, UOB PB staff got approval for me to have my matured FD renewed at Promo rates. But of course I'm a humble and nice guy where I begged nicely, hahaha. Like I mentioned before, most RM don't get any commission from our FD deposits and it is not in their scope of works to go get HQ approval for "special" FD rates requested from their customers. They do it out of goodwill, and of course once a while show your appreciation, e.g. like sylille mentioned, she was willing to take an Affin staff out for lunch because he/she was so helpful. And being nice to the bank staff also got other perks, like they will not be stingy in giving you Ang Pows packets

FD Promotions is like the norm nowadays as banks compete for funds and I also expect FD Promos to continue.

I guess FD Promotions have been around for years, but prior to 2010 I was not really bothered about them. That all change when I quit my job and suddenly I had so much time on my hand to waste and go find out the highest FD rates since I needed whatever extra pocket money I could get, haha.

And more importantly, since I had so much time to waste and with your permission, "re-branded" FD Thread V1 by starting FD Thread V2 in 2011, and for the first time compiled FD Promos in Page#1. And since then more and more members contributed/shared whatever FD Promos they come across PLUS now with Admiral BoomBoomCha freaking unbelievable compilation of FD promos, LYN FD Thread is the best source for FD info in Malaysia

Bro, looks like OCBC revised their FD Promo on 15 December 2014 and are valid until 31 December 2014.

The 12 months 4.2% is pure FD, i.e. no stupid CASA requirement.

I guess OCBC had to come out with the 12 months FD at 4.2% to compete with UOB. And because they did, UOB extended their Christmas FD Promo to year end. Competition is good for us, hahaha

This post has been edited by Gen-X: Dec 29 2014, 10:20 AM

To see ALL OCBC FD Promos need to click on any of the FD/Savings Ad at their homepage which then gives you a liitle more info on the ad and then from there need to go click on T&C and you will get to see all promos.

The 4.2% 12 months was only offered effective 15th December 2014 and I noted OCBC has revised the validity of all their current FD promos to end 31 December. Let's see what we get on 2nd January 2015.

Thanks of highlighting Bro. This is fantastic news because Public Bank FD Promo runs until 28th Feb 2015. As such we can expect OCBC and UOB to continue offering 4.2% or even higher come next year.

This post has been edited by Gen-X: Dec 30 2014, 03:26 PM

Please proceed to Version No.8.