Nope, didnt ask coz no more extra $$ to put in d recently hehe

If I want put join name for FD , my bank draft need to attention to both name or one of the name only?

One name will do.

This post has been edited by bbgoat: Jan 25 2015, 04:45 PM

I get a feeling that the best is yet to come.

At least 5% structure.

Guys, just wondering

What is the proper calculation for FD?

lets say you put in RM5,000 for 6 months (0.03)

= RM150

is this the amount I am getting or there is another amount charged too? any proper calculations?

btw feels weird man bank in brunei is offering 0.2% 0.3% 0.45% instead of Malaysia where 3% 4%

am I being fooled here? guide me sifus

This post has been edited by adix4: Jan 26 2015, 11:04 AM

How do you reach that RM150?

Assuming you are placing for 6 months period with no monthly compounding, 3% will only give you RM75 at the end of month 6.

http://www.miniwebtool.com/fixed-deposit-calculator/

Banks from different countries will have different policy..long time ago, our banks giving 10%

Thanks. Public bank is required CASA?

thank you

i just did the 3% x 5000 = 150

never knew the exact formula

Malaysia seen keeping policy rate unchanged on economic risks

Malaysia's central bank is expected to keep its key interest rate unchanged at 3.25 percent at a policy meeting on Wednesday, as the country's economy remains at risk from a slump in oil prices and a weakened currency, a Reuters poll showed.

Most economists now expect the central bank to stand pat for the rest of 2015, unless Malaysia's economy improves in the second half of the year.

Forecasts for Malaysia's Jan. 28 interest rate (Overnight Policy Rate) decision ESTIMATES
Jan 28 OPR (pct) OPR End 2015 (pct)

Median 3.25 3.25
High 3.25 3.50
Low 3.25 3.25
Nov 6 decision 3.25

BA Merrill Lynch 3.25 -
Barclays 3.25 3.50 (Q4)
CIMB 3.25 3.25
Credit Suisse 3.25 3.25
DBS 3.25 -
Forecast Pte 3.25 -
Hong Leong 3.25 3.25
HSBC 3.25 -
ING 3.25 -
Kenanga 3.25 3.25
Maybank 3.25 3.25
RAM 3.25 3.25
RHB 3.25 3.25
Standard Chartered 3.25 3.50 (Q4)

This post has been edited by nexona88: Jan 26 2015, 05:08 PM

PM said the inflation rate will 2 -3.5%, best time to implement GST....if inflation rate is that low, BNM will not raise the rate and whichever bank offers 4+ should be good rate

u forgot that 150 is for 12months. So just cut by half = 75.

ok this makes so much sense

so if one month

1/12?

i just saw this from my atm receipt but i cant find any details from maybank website
anyone know about this ?

betul ke NAH must got something need to be tied down

Must be tied with Unit Trust or something ....

THAT what i thought too

Refer to first page lah ... it's there. Always check effective rate at the end of the day. Don't just look at big fat 8.28% ...

Best rate IMHO is SCB 15 mth 4.5% at the moment. Anyone else go for it ?

Will be calling the RM by Friday for second placement next week.

To all, my fren went yesterday scb & ask them what if premature withdrawal... was told no interest at all, not even half of board rate. so be very very certain your funds can lock up for full period

what? if suddenly needed the money, need to withdraw No interest. it's like giving free money to SCB