I think you are referring to pbb right? The effective is 4.05%?

Say compare to affin 2 years at 4.38%, you are already 0.33% behind after 1 year, you will need a deal of 4.71% to catch up.

I am not active in market trend thus I go for the best possible deal at the time, if market really goes down worst case scenario I can just withdraw and re-deposit at higher rate, if the new interest is worthy of doing so.

actually i wasn't referring to any specific promo but sharing the possibilities in general. You're absolutely right in your comparison. The thing is if you withdraw prematurely from a 2 yr deal, what is your opportunity cost? ie how much interest will you forego? Not saying you'll lose out, could go either way ... it depends how deep you are into the deal, the deal's T&C & how good the new rate is In fact i did change my mind recently & forego a few days interest to move to another better deal. It all depends

That's why I'm against the big C merger ... with less players, naturally there'll be less options for us. The more creative they get, the more possibilities for us. Just need to be careful evaluating them eg the CASA linked deals. Never say never

New rate from Ocbc
13 months 4.06%
3 month Islamic 3.85%
6 month 4%
1 month 6% investment bundle
1 month foreign currency additional 5%
Valid till 31/3/15

Worst ever 2-day ringgit slump since 1997 financial crisis... KLSE lost 40+ points today....money leaving Malaysia....lower price for petronas export....
bbgoat, you happy liao, FD interest sure going up.

This post has been edited by aeiou228: Dec 1 2014, 06:25 PM

Thanks for your update, new OCBC FD promo has updated on Post #2.

So..is it better to place FD in short term? Like 6 months or 9 months..?

I think RHB 4.15% for 9 months is the best option, but unfortunately it will end on this Friday..
Very headache..

This post has been edited by BoomChaCha: Dec 1 2014, 08:01 PM

heard on bfm this morning Saudi gonna tekan prices until it reach shale oil's breakeven level of around 45usd and Petronas has already told the govt to "ikat perut" because of soft crude prices (haha they say govt's karma cos it told people to tighten belt)

curious & dun hv solid econs knowledge - why u say FD interest sure going up? I know 97 levels were about 7-8% - can go there or not?

With current situation unfold in oil market, there is almost no chance for OPR to be raised for near term.

Prior before 97 crisis, FD rate was always around 5~7%, but since then after the crisis, economy situation changed, FD rate no longer more than 4% range.

You only have high FD rate if
1. Economy grow is red hot (just like prior 97), whereby deposit is highly sort after to fund the loan (loan growth will be robust if economy grow at red hot pace)

2. Massive currency outflow, whereby you need high FD rate to attract fund. (happened during 97 crisis, whereby FD rate cross 10% at the height of crisis)

I think promo last date at 15 Dec 2014.

Oh... Do you mean the last day for RHB FD promo (6 months at 4%, 9 months at 4.15%)
is 15 Dec 2014..?

But the orange color RHB FD flyer (on Post #2) stated this promo will end on this Friday, 5 Dec?
So, RHB has extended this promo to 15 Dec..?

BR's 9 months rate is only 3.95%

I think I will move to RHB for 9 months lah..!!
Hoping that OPR will raise during second half of 2015..

Another option is Affin for 2 years at 4.38%

Thanks for telling me this.. Young Magic is very steady..

Did anybody place RHB..? Any gifts..?

This post has been edited by BoomChaCha: Dec 1 2014, 10:23 PM

No need to place FD deposit already. Now Cash Is King , buy some stocks (not O&G) keep a few years, kau tim.

magika sure or not? can see blood on the streets already meh? wait a bit lah... ready aim fire! hehehe the stepups i mentioned over the weekend might just come in handy if things start to boil

Regarding rates, thanks for your insight cherroy. Can you have a look at these historical stats & comment pls?

Average FD rates since 1980

BNM stats - interbank rates since 1997

end-1998/1999 was a bummer - BNM must have intervened to lower rates???

kenot brain

Wah ! nice link bro. no wonder I have this gut feeling of FD interest rate is going upward. The FD rate in the 1998 currency crisis was all time high since coop crisis in the 80s. Then Tun M pegged the ringgit at 3.80 in Sep 1998 and subsequently the FD rate was dropped to 4.x%.

Bro, i can't predict the future but I learned from the history. I remembered very well that during the ringgit crisis in 1998, the FD rate was damn high. I was torn between FD and stock market then.

Young man..
Uncle do not have the guts to buy stocks; I admit that I am kiasi and kiasu...

You are right..

UOB FD Promo - Valid from 1 December until 28 Feb 2015

(1) 3.85% for 3 Months
(2) 4.10% for 12 Months
Min RM 10K


UOB FD Promo Link

3 Months FD
UOB 3.85% vs. OCBC 3.85%

I prefer OCBC because I know OCBC will pay full interest..

This post has been edited by BoomChaCha: Dec 2 2014, 05:15 AM

OCBC promo over d right? Both OCBC n UOB has limited branch. For these 2 banks, I must open have acc with them? Can I just open a FD acc for their FD promo?

just saw this from hong leong website, 1M FD at 3.3% for six months consecutively


https://www.hlb.com.my/main/promotion/20141...it-and-win-gold

dEviLs thx for sharing this HLB 3.3% gold wafer promo, it's an interesting CASA linked deal ...

Here's the T&C

CASA criteria favors the big big fish:
RM 5,000 CASA = RM 10,000 – RM 100,000 FD
RM 10,000 CASA = RM 100,001 – RM 200,000 FD

Also note this premature withdrawal condition ...

Dunno what happen if you w/d end of 4th or 5th mth?? Assuming you have to stay for 6 mths to enjoy full benefit of interest, then why not put into some other straight 6 mth deal? so many starting with 3.75%

I think HLB looking for water fish

This post has been edited by okuribito: Dec 2 2014, 11:09 AM

aeiou228 ?? sorry but how does the historical trend validate your gut feeling? appreciate if can explain

This post has been edited by okuribito: Dec 2 2014, 11:09 AM

History doesn't dictate how future will be.

Economy situation evolved from time to time, and current condition is way different from 98.

During 98, Malaysia was battling money outflow with low foreign currency reserves, but now BNM has >120 bil USD foreign currency reserves.
When you have low foreign currency reserves and money outflow is rampant, it forced central bank to raise rate to retain the money.

With worldwide low rate across the globe, Malaysia alone cannot raise rate too much, as it could attract unnecessary hot money (which eventually prop up the RM exchange rate) as well as hurting the economy growth.