I mean the RM9.43 is the add'l interest because they gave you late for the FD interest due on 19/3 ?

Or it is a separate interest for money in the JustOne SA ?

I received my FD interest correctly based on 6 month interest.

I guess this RM 9.43 is the back date 9 days SA interest from the FD interest in between
23 March to 31 March. (But I placed my FD on 19 Sept 2014)

My Value Date shown on my SCB Online Banking is 23/3/2015, so I guess this RM 9.43 interest
is 9 days saving account interest.

I remember my Service Manager promised me to chase for the SA interest..

This post has been edited by BoomChaCha: Apr 24 2015, 12:49 PM

Wow, the FD interest or the FD must be a very high amount to earn RM9.43 over 9 days !

This post has been edited by bbgoat: Apr 24 2015, 12:38 PM

No lah..... I think my calculation should be wrong..

As long as I can receive the 6 months interest.. I am happy already..

Bank Negara expected to cut OPR in second half - BofAML
http://www.thesundaily.my/news/1393061

So, it is better to go for the higher rate with maximum deposit now, long tenure
also never mind...

Haha, pulling your legs. For me, happy that finally SCB interest crediting issue is over. So can plan for more FD there already. Except trying not to put too many eggs in one place.

2yr or 5yr FD should be good option

Gary has not received his interest, so SCB is still in the middle of crediting
interest manually to depositor accounts.

This is true not to put too many eggs in one basket..
For example, I already put in RHB at 4.21% intead of SCB at 4.5% Islamic ma..

Ah Sir, but this time I want to shoot to the maximum now..

I missed the Am Bank 4.5% for 3 years..

Can recommend which options..?

This post has been edited by BoomChaCha: Apr 25 2015, 07:51 AM

for me I would take the 2yr FD..

but it's depend on u now.. will u want to "lock" your money for 5yr FD

I remember there are some who said NOT to put in for 3 years as the rate is going up. Anyway the point is it is always good to put in some amt at progressively high FD rates.

We can never wait to get the highest rates. The rates may go up or down. Just put FD to those that we think we are comfortable with and which is the highest and best at that time.

Anyway time may prove me wrong. But life is that way. We can never be sure of everything !

This post has been edited by bbgoat: Apr 24 2015, 01:05 PM

Whether to "lock" for 5 years, this depends on my health condition lah..
My next medical check-up will help me to decide..

When you become old one day, then you will understand what I am talking about..

You are correct, Ah Sir..
It is still hard to say next OPR will cut down or not..

But I still think MBSB 5 Years & BR 5 Years are the best so far...
Just put in 5 years and not need to chase for Musical Chair anymore....

Nowadays this younger generation always think they are right & they also blame it on the system limitation.

Oh thanks for the tip, any black & white to claim the parking fee else they may insist that there is no such thing.

Well, have to be careful at Uptown as I do see tow trucks there quite often. I have seen them towing cars parked on the yellow line next to 7-eleven & near UOB bank too. I even heard of cars being towed away at Cyberjaya where roads there are so wide! so ya, is a good business.

Bank Negara governor signals no need for rate cut in near future

KUALA LUMPUR, April 24 — Malaysian central bank Governor Zeti Akhtar Aziz signalled she sees no need for an interest-rate cut in the near future, barring the threat of a “fundamental” downturn in the economy.

“We are on a steady growth path,” Zeti said in an interview in Kuala Lumpur Thursday, when asked if she was suggesting Malaysia wouldn’t change rates in the near term. “If there was a fundamental economic slowdown, the risk to that going forward, on the horizon, then it would prompt a downward adjustment.”

With above-5 per cent growth and inflation near the slowest since 2009, Bank Negara Malaysia has held borrowing costs steady for four straight meetings even as dozens of central banks eased monetary policy this year. While the economy unexpectedly quickened in the final quarter of 2014 on private consumption and investment, the government has trimmed its forecast for this year as it cuts spending amid less revenue from oil.

The ringgit was Asia’s worst performer last quarter as the drop in crude hurt government finances and dented investor confidence. It has since swung to become the region’s best amid a rebound in oil. The currency rose 1.3 per cent as of 3.45pm in Kuala Lumpur Friday, according to data compiled by Bloomberg.

There is a lack of recognition that Malaysia has a “highly-diverse economic structure,” and isn’t just an oil producer, Zeti said. About 80 per cent of the Malaysian economy isn’t linked to oil and gas, she said.

Consumer-price gains may be at the lower end of a 2 per cent to 3 per cent range in 2015, and inflation isn’t a concern at this point in time, Zeti said.

On hold

Bank Negara kept the overnight policy rate at 3.25 per cent in March. The next decision will be on May 7. The central bank will hold its key rate for the rest of the year, according to 16 of 20 economists surveyed by Bloomberg in February.

“The ringgit has not been taken into consideration in our interest-rate policy,” Zeti said, when asked if the currency’s weakness keeps the central bank from joining counterparts in easing. “We look at the risks to inflation and the risks to growth. And we also look at the risks of destabilising financial imbalances.”

The Malaysian government, which forecasts growth to be between 4.5 per cent and 5.5 per cent this year, implemented a new consumption tax of 6 per cent in April. While the experience in other countries showed a moderation in consumer spending in the first year of such a tax, the decline in oil prices may be a buffer to an expected easing in consumption, Zeti said.

It’s too soon to tell if spending slowed in Malaysia after the goods and service tax started, Malayan Banking Bhd Chief Financial Officer Rafique Merican Wahiduddin said yesterday.

Attractive asset

Asked about what China needs to do to make the yuan as attractive a reserves asset as the dollar for central banks, Zeti said it is already an attractive one.

Malaysia began diversifying its reserves in 2003, when it adjusted its composition into currencies such as the euro and those of emerging markets, which include China, she said. Zeti said she couldn’t disclose the central bank’s future strategy or composition of reserves, when asked if there is a plan to hold more yuan.

“We already have a highly-diversified portfolio structure and we are happy with the composition that we have now,” she said. “It’s highly-diversified in the major advanced economies and also emerging economies. Emerging economies in Asia, and even in Latin America.”

Zeti is one of the region’s longest-serving governors who helped oversee Malaysia’s monetary and currency responses to the Asian financial crisis more than a decade ago. She took the helm at Bank Negara in May 2000 and her current five-year term will end next year.

“At this point in time, I don’t look beyond that,” she said when asked if she plans to stay on. “We have succession five levels down. And we have done organisational transformation three times during my term in office. So I would leave it as a solid institution to continue.” — Bloomberg

http://www.themalaymailonline.com/money/ar...-in-near-future

Just saw news that Penang has lowered towing charge from RM150 to RM100. Reason is local council is allowed maximum fine of RM100 for towing. So Penang is following that local city council guideline which is supposed to be for whole of Malaysia.

So, Ah Boom, go and appeal ?

This post has been edited by bbgoat: Apr 25 2015, 09:42 AM

can alway come to SCB, TTDI, Jln Burhannuddin Helmi where there's no towing unless your car don't have road tax!

only summons at yellow line but can also park at housing areas opposite or at the back of the bank.

cheers

Placed RM10k with Maybank yesterday under their promotion 3+3+3 with effective interest rate of 4.15% pa

Hi BoomChaCha sir, thank you very much for your advice.
Is there any difference in terms of FD policy between normal SCB and Islamic SCB? I received a call from the bank (one of the service officers) and she told me that there is.
Anyway, my deposit was on 18.09.2014 and I just saw on the slip that it says Renewal Instructions : 1 (renew principal with profit) - the service officer says because it is option 1, the profits will not be credited every 6 months.
I pop in the bank on Monday (same building with my office) to try to argue my case.

May be earlier they were not that strict. . Same UOB branch but some tellers did not ask the source. Which UOB branch?

uob cheras didnt ask my source of money.