FD with CASA is different with FD which requires CASA. FD with casa, means you need to put usually 10% of what you put inside your FD into your CASA which will effectively lower your effective rate as the money inside the CASA cannot be removed for the entire length of that FD

FD which requires you to have CASA just need rm50 inside for them to credit your interest and principle. So it is OK

By the way, the OCBC step up rates will change with opr like PB or they will maintain it?

Guys,

Ocbc step up is it the same like PB which will change according to opr?

So how about those fd with say 4.2/year? Will the interest rate change even though you put for for 1 year? I am not talking about those step up

Refer first page. Find the bank with highest effective interest rates without requirements for one to deposit x% into CASA. Upon maturity, remove your fd and move to another bank. If you stick with current bank, they will give you board rates which are damn low compare to promo rates. Board rates are usually 3.3%. Promo are usually 4.2%

Current bank with highest interest with pidm is cimb and uob at 4.2%.
If you don't want to go to the bank every year, can choose mbsb 4.7% for 5 years. Mbsb have no insurance.

That promo expired already

Refer 1st and 2nd post

Just refer post 1& 2

This post has been edited by Ramjade: May 20 2015, 06:33 AM

Do banks accept ibft as new funds for fd?

Which bank counts it as fresh funds and which don't?

Guess is try to stimulate the economy. So people will spent more

REPO? I have read his blog but never come across REPO

Affin Bank FD 4.33% for 15 months. Minimum RM10k

Same stuff like last time. Open normal account. Cause I think they will deposit your internet interest and principle inside there after 15 months

For me I go to a bank with PIDM and max profit. Don't care how more account needs to be open. As long as can get max profit and protected by PIDM, good enough for me.

Can someone update the front page with an effective interest rate calculator?

Nothing interesting from uob. Their rates have been 4.2% throughout the year. Should increase la to 4.3 or maybe 4.4%

Hi,

Sorry. I saw that a calulator was posted on the front page already. But the loan one would be good.

Affin. 4.33%. Just when their 2 years promo 4.38% finish, they come out with 15 months 4.33%. Some more protected by PIDM.

Wah bro. don't know wei. Good enough for me if they tell me 4.33% without stupid CASA stuff. I just put. Never ask them anything else or request for more. I am guessing is like all previous promo, affin will credit the interest + principal into your affin bank saving account.

How large is large? Can RM100k qualify?

Same la. Guess ones need to be priority member or like bbgoat said, ammount must be "big" and I guess not all banks will want to nego the rates (those cheapskate banks)

Say, if let's say there's a fd which gives 4.5% for 3 months, then if one wants to enjoy 4.5% for another 3 months, one just need to withdraw and put it in again. So by doing 4x, is it = to 12 months at 4.5% or lower??