I wonder if banks are monitoring this forum to "decide" on their rates...

i saw that advert last week. now the advert below is "booking.com"

Yes, it's true that money makes more money...

Captain's RM300k FD plan is a good one.

Hair should be cut every 3 wks or so. If 3 mths, you may look like a hippie... or have an afro (just like yours truly... )

BCC, wah, your software so good one, eh? can see what PC ppl use. you as good as a hacker, lah...

Jokes aside, your advice are good indeed & very timely ( ) as GST's just around the corner, & bulk buying may be a good idea to stock up before Apr 2015.

Have to make a list to things to buy...

Possibly in Nov as any increase in jan 2015 is too close to the start of gst/flotation of ron95 pricing. interestingly, the global oil prices are down, and we're now paying taxes as opposed to given subsidies for ron95 = http://www.therakyatpost.com/business/2014...t-fuel-subsidy/

the soon-to-be biggest bank backing down, or maybe launching a new initiative AFTER the merger???

yes, it's already on page 1. however if you sign up thru here = https://ringgitplus.com/en/fixed-deposit/Ma...461a04-90057701 , you'll stand a chance to get a 99.99% pure gold bar...

rate hike imminent?

"...banks may need to more aggressively compete against one another for short and medium term deposits."

Source = http://www.thestar.com.my/Business/Busines...ures/?style=biz

Let the war begin - maybe we can match Indonesia's 8-11% FD rates...

"The average interest rates in August for rupiah deposits stood at 8.67 percent...

Some big banks were offering VIP clients around 11 percent, far above the 7.75 percent level insured by the Indonesia Deposit Insurance Corporation..."

SOURCE = http://www.reuters.com/article/2014/09/30/...N0RV2XI20140930

Yes, I agree that BNM will announce the increase on Nov 6 so as to ease into the 2 big events in 2015 - Apr 1's GST & Jun 1's petrol rationalization exercise!

The FD war will commence soon...

rhb very quick lah with the goat figurine as next year's the year of the Sheep/Goat/Ram. (It is the yĭ-wèi (乙未) year of the Wooden Sheep.)

source = http://www.guy-sports.com/humor/christmas/...ew_year2015.htm

UP!

Q1 2015 is cutting it close as:-

1. GST kicks in 1 Apr
2. Petrol rationalization scheme starts 1 Jun

Then again with this finance minister, who knows...

Inflation is already here = http://rakyattimes.com/~wolf/index.php/new...ary-eggs-from-r

How long can the gahmen tahan?

MBB Research says next OPR increase probably late Q3 2015 or early Q4 2015 (Sep 3 or Nov 5 2015) = http://research.maybank-ib.com/pdf/documen...07_MIB_6806.pdf

So a 9-12 mths FD now is a better bet...

it's -
1. epf or asm

3. sspn - rm6k/yr for the tax rebate & 4.25% interest (2013) [source = http://www.ptptn.gov.my/web/english/tax-relief-assessment ]

4. FD

then there are stock market punting, oops, investment; non-asnb unit trusts; forex...

just my 2 sens...

It's Life insurance dan EPF combined to a max of RM6K = http://www.hasil.gov.my/goindex.php?kump=5...3&unit=1&sequ=1

According to this = https://ringgitplus.com/en/fixed-deposit/RH...ed-Deposit.html

1. minimum term of three months
2. pays interest every month
3. can use your FD account as collateral for an overdraft facility of up to 100% margin
4. if buy shares on the BURSA through RHB, your first five orders are commission free
5. can withdraw some of your cash from this fixed deposit without losing interest earned on the remaining balance
6. minimum RM10000 to open an account
7. protected by PIDM
8. 3.2% interest

rhb site = http://www.rhb.com.my/deposits/fixed-depos..._pays_main.html

The comment at the bottom of http://imdavidlee.com/how-to-calculate-your-epf-dividend/ linked to these 2:-

http://farm5.static.flickr.com/4077/493413...892ae4afd_b.jpg

http://farm5.static.flickr.com/4122/493353...559632de5_b.jpg

which basically state that dividend is calculated on a daily basis.

Based on the above 2 links, "delay it until the last week of the month" is not a good move.

It's anytime is a good time thingy, & the earlier, the better.

Cheers

sorry. my bad