Ahhh... Too bad for ppl like me with no loans.

Raising opr has effect on inflation, supposedly control it. And also currency strength.

Erm... I'm not an economist... But all these are related. And with the implementation gst, it is expected that inflation will be up... The effect may or may not be the same... Cause you will never know... Cause you can only know one and not the other.

Edit: the hope is raise interest so inflation post-gst may be controlled

This post has been edited by adele123: Sep 20 2014, 07:10 PM

You have forex risk. and maybe stability risk for some countries.

You can always open foreign fixed deposit accounts with local banks, but the best interest given is new zealand dollar and not that much higher than ours anyway.

Can't. only few currency available through local bank. even if it were available, would you dare? forex change can kill too.

Public bank giving 4.25% for 1 year NZD FD. Going off-topic already. LOL.

So, my question is on the definition of fresh fund.

If I do IBG from CASA Bank A to CASA Bank B, then I go for the FD of Bank B, will Bank B consider it as fresh fund?

Or the only option is bank draft that I should forget about the few ringgit of the cost of that bank draft? i notice the method being mentioned mostly in this thread is bank draft.