That's why I am not locking any long term FD rates now..

Haha.. Either monthly, or 6mths..

The best is always the last right?
Hahaha

Now got all confused already which bank has the higher rate
Got FD maturing middle of the month, yet still not decided on the remainder amount ex EPF portion.

If BNM raised rates, i better moved my monies overseas, as all hell will break loose considering public debt so high.


This post has been edited by magika: Jan 5 2015, 03:23 PM

Just went to UOB. No new promo yet.

Have you read my reply to Ah Boom on young grandfather ?

Oh, thank you for your reminder ! Forgot about EPF, need to move some bullets to there.

Wow, such a drastic action of moving funds out ?

Is the Christmas promo still available ?

Yup, both the CNY and Christmas promo are still available

Thanks.
So since 4.20% for 12 months is the highest, then will deposit it there.

You lucky soul, I was thinking that the 4.2% not available. Will put some bullets there soon !

Called UOB Christmas FD promo extended until 11 January 2015. Mine maturity date only middle of the month.

With current situation unfolding, I would say very unlikely.

Economy very slow out there, export slow down, GDP trending lower.
Goods price, steel, oil, dropping, property price more and less stagnant, inflation threat is reducing.
Household debt growth already slow down significantly.

You don't hike rate when economy growth is trending lower.

That is the logical thinking..

Can BNM be illogical?

Well, I dunno la.. I just hear based on some source.. Saying will hike OPR again this year.

I just put in ALLIANCE 4% for 1 yr.. .and interest credited monthly to savings pass book.
I hv some old FD due soon.. maybe will go for AFFIN 2 yrs.

At a blink of an eye all my HLB FD 5% from 5 yrs ago will be due early this year.. time Really flies....

any other better rates around?

depends on your fund usage for the coming 2-3 years ahead.

if there's no immediate use of the fund. considering you did place at HLB 5yrs 5% rate, Ambank's 3yrs 4.5% or Affin 2yrs 4.38% would be your best choice.

1 fact in 2015 tat we cannot run away.

the US will raise rate this year.

and their monetary policy will have global effect.. now usd 1 = myr 3.54

when rates hike.. probably become 3.70 3.80...

no choice but to hike rates to preserve money in malaysia.. if not, more outflow.

wah suddenly Bonescythe active in FD thread need to park some $$ temporary in FD before buying spree

Bro, thanks for the compliment but it should be credited to fellow forumers who unselfishly shared valuable info here. I am still learning and merely applying what I learned here. I have also learned a lot from your blog and wish how I can write like u.

Today my UOB 6-month 3.65% FD matured and I have moved it to PBB 3-month Stepup FD. Since I do not have any account at PBB, I need to open a SA just to deposit the 3-month interest. 'Wasted' 1 hour each at UOB & PBB.

How should I protect my FD if something unexpected happen to me ?

ahh so troublesome . why dont they just give what they are supposed to give.

hmm guess maybe for the time being ambank will be my choice.

Crap....... I thought it had ended. Just went to AM Bank for 4% 6 months at 4.15pm just now. Surprisingly quick, everything done by 4.30!

Patk for1- 2 years also not bad ma