Hong leong offering 6.98% for 2 months FD..
Requirement is to invest 50k in unit trust

max cap ratio
1 to 2

3% only. Hehe

so 50k, 3% is 1.5k

100k 6.98% for 2 mths is rm1163.

So is waterfish deal?

Guys, do you need to open a PLUS Saving Account with PBB for PB Step Up FD or a Basic Saving Account will suffice?

I think the Step-up FD comes in handy for your situation cos it gives reasonably high interest plus u can cash out during the rollover to take opportunity of the stockmarket downturn without forgoing all the interest earned. I am in this situation and considering those Step up FD from PBB.
Yes condition now similar to 2008, except in US interest then was going downwards but now interest should be moving upwards.

Bro, whenever you do post, I learn something from you 

Yeah, you are right about PBB Step Up. I think MBB step up promos also same but their initial month(s) interest rates kind of low.

However, there is also a risk of getting lower interest rate in the case of PBB Step Up where it did mentioned in T&C that future rates are dependent on BLR (now is BR effective 1st January).

Anyway, with USD strengthening, gold price in terms of RM has increased 1% since 2nd Jan.

Brw.. i think around march will see opr hike again

Let's see

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.

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.

But if bnm dun do anything is good to counter outflow ?

luck pick/draw for FD placement.

Only for new customer without any account with SCB.
Need to open an account and deposit RM1500.
But next day can transfer out.

[attachmentid=4311847]

As expected, BNM maintained OPR at 3.25%.

http://www.bnm.gov.my/index.php?ch=en_pres...ac=3143&lang=en

If Fed Reserve were to hike up interest rate gradually in 2nd half of 2015 (as expected), and there is an exodus of foreign funds, do you think BNM will cut the OPR ?

Beware of the SCB RM100 monthly fee. It will kick in automatically. I kena last year when my total drop below the minimum. RM100 per month charged to my account on the dot every month like clock work!!    I found out only after the 2nd monthly fee charged as SCB is not my main banker.
Called to ask for waiver...they say if top up then can waive. I got no more bullet then, all gone to other FD promo.   

Don't worry wait for 4.75%

EPF rate so high, how can we use it as FD? any guide?

Few banks offering that like BR, AmBank, HL Bank Islamic etc doing that. But some have certain conditions, please check or call them first. 
Hoping and waiting for OPR to go up is just a "hope".    We can wait but still need to put available money at those FD rates which are reasonably high at the moment. 

you think possible fd can go over 4.5?

Few months ago, I had an argument with AM Bank Sri Petaling branch when they did not allow me to put a chop/cross on my IC when placing my FD, the Chinese female RM (not a leng lui) said like this to me twice: "Mr. Boom, if you worry this and worry that, why don't you keep your money in your house?" This is the rudest RM I have ever encountered...!

Later, I found out Am Bank OUG branch is also under this female RM administration. So next time, I will not place my FD in Sri Petaling branch and OUG branch. And I was thinking to complain about this female RM to HQ.

I was thinking to complain, but I think I will complain after I withdraw my FD first, because
I am worried she might take revenge to sabotage me since my money is still there.

If I complain, I will call the branch manager first, then fax an official complain letter to
Bank HQ (maybe to HR department), and cc a copy to the branch manager in Sri Petaling
and also OUG branch.

The most pissed me off was that the Bank RM mentioned twice to ask me to keep my money at home... 
Why she mentioned twice I think because she wanted to make sure I heard what she said..?

This RM is lucky this time, because my doctor asked to cool down since I got a high blood
pressure..

Last time, when I complained a RM , the male branch manager asked me to fax the complain letter to his room, but I said I wanted to fax the letter to public fax machine,
I knew that the branch manager wanted to cover/protect the RM without letting other staffs know
about my complaint.

All this was due to system problems & they don't even bother to pre-inform the customers or be terribly sorry or provide some compensation.

So in summary we always need to be vigilant & check (not sure if such things ever happen in other countries)