Fixed Deposit Rates in Malaysia V7, Please Read Post# 1 & 2
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 Dec 26 2014, 09:43 AM
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#41
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Staff
25,802 posts Joined: Jan 2003 From: Penang  
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QUOTE(eddie2020 @ Dec 26 2014, 09:41 AM) i wonder those fresh fund, we did like this consider fresh? Yes, this is how FD fans in this forum, playing the merry go round game. bank A need fresh fund... I take bank A fund transfer to bank B then few day later i use bank B transfer to bank A to put FD..   |
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Dec 28 2014, 01:35 PM
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#42
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(elea88 @ Dec 28 2014, 10:09 AM) 3 yrs long time.. any idea if FD rates will increase in the next year? At the moment and economy situation, it is unlikely for rate to go up further. Commodties price falling, oil price falling, economy slowing down, effect of GST, slow down in household debt increment, property price cooling down a bit, which are not supportive for rate to go up further. |
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Dec 28 2014, 02:04 PM
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#43
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(bbgoat @ Dec 28 2014, 01:39 PM) That made me think of putting slightly long term of 2/3 years FD at higher promo rate of Affin and AmBank. OPR 3.25%, promotion rate 4.2%, there is still big gap to catch up, even if rate is heading to upside (which is not at the moment). |
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Dec 28 2014, 02:17 PM
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#44
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(bbgoat @ Dec 28 2014, 02:10 PM) Yes, that is why I was thinking of Affin 2 yrs 4.38% and AmBank 3 yrs 4.5%. So if OPR to stay at 3.25% in 2015, these FD promo rates may drop. Also banks may be trying to top up their bank deposits. Once they have enough deposits, the FD promo rates may drop ? Highly yes, as 4.5% is a bit "steep" from the OPR 3.25%.  Having said that, it depends on liquidity then. There is significant outflow of money recently as seen from the latest BNM foreign currency reserves that dropped more than RM15 billion in a just half a month time in early Dec. So for time being, I expected those promotion rate to stay for awhile sometimes. |
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Dec 29 2014, 09:03 PM
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#45
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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Just came across the PBB 3 months step up
3.88% 4.18% 4.28% Which is quite attractive as well. 9 months effective 4.11%, an good option for those opt for shorter term than 1 year. |
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