Double posted.
This post has been edited by aeiou228: Dec 10 2014, 05:57 PM
Fixed Deposit Rates in Malaysia V7, Please Read Post# 1 & 2
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 Dec 10 2014, 05:36 PM
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#61
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5,867 posts Joined: Feb 2006 
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Dec 10 2014, 05:38 PM
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#62
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Double posted
This post has been edited by aeiou228: Dec 10 2014, 05:58 PM |
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Dec 16 2014, 02:02 PM
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#63
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QUOTE(cklimm @ Dec 16 2014, 10:29 AM) Fresh from Ambank, 36 months 4.5%pa Wow, another new high !!! Now it's evident that FD rate is trending up, both long and short terms. BTW, I'm not talking about OPR. That one need to wait for Tan Sri Zeti Aziz and all the economic reports and statistics. |
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Dec 29 2014, 12:27 PM
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#64
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QUOTE(bbgoat @ Dec 28 2014, 01:33 PM) Have RHB 15 mth step-up FD maturing. After some calculation, found worth it to terminate it and move to Affin 2 yrs 4.38% or AmBank 3 yrs 4.5%. That is the beauty of the step-up FD with no penalty on termination upon maturity. RHB step up rate changes every 3 mths. Cherroy has rightly pointed this out some time ago. That we can move the FD out if there is better rate elsewhere with no penalty. My RHB 15 mths Step-up FD is currently in 2nd step and will be maturing next month, thought of switching to Affin 2 years 4.38 too but after calculation, the ER for the remaining 3-steps (9 months) 3.88%+4.08%+5.38% is higher at 4.45%. So tak jadi switch.  Actually, step up FD is a very effective marketing strategy to make the product sticky. Featuring no penalty withdrawal on each quarter to attract short and medium term deposits but it gets stickier as deposit tenure progress. A good tool to counter future FD rate competition like in the case of Affin and Ambank. |
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