the only one doing Forex promotion is OCBC, 3 months, board rate+4%p.a
http://www.ocbc.com.my/assets/pdf/FCY_TD_TC.pdf

Yeah, very low rates. As far as I know, the higher ones are AUD and NZ dollars.

I recently put in AUD FD. 1.95% for one year in UOB. They give slightly better conversion rate if put more than RM20k.

Any promotion from Am bank? Read the first page the board rate is only 3.35%.

Ringgit is the best! In Ringgit we trust!

International trade is unavoidable in this globalization era. Traders and factories need to import finished goods, raw materials and components from overseas and the currency commonly used in the international market is US$.

A very simple example on infant milk. Say, it was previously imported at US$10, this cost the trader RM33 (at an exchange rate of US1 to RM3.3). Assume there is no change in price but for the same imported good now has to pay RM38. Additional RM5 or 15% increases in price. This is purely impact on good, what about freight and transport charges which are quoted in US$?

Unavoidably the inflation will go up. Assuming the inflation rate has gone up by 3.5% and bank is providing 3.5% interest rate. The real interest we get is 0%! The GST impact will make it worse as it is a general additional 6% across most goods.

This post has been edited by gsc: Aug 4 2015, 12:42 PM

Just saw BCC post. Thanks for the update. Anyway, I called up Am Bank, promo rate available for 9 months FD only. IBG is only 50sen plus GST

The CASA account got term and condition apply ? Like need to deposit a certain minimum amount into the account ? Or just need to open a CASA account that's all to eligible for the 4.21% 15 month step out FD?

AmBank is offering 9 months@4.10%

But i think there is a catch there...we can only withdraw max of 25k per year only!

you can withdraw more than 25k but you have to visit the bank to remove the limit first.

i asked the OCBC girl about this, she said that the e-account will be converted to normal smart savers account, and losses the promo 4% rate.
I will do the conversion 4 Jan 2016.

I bought Preference share of 12%-18% guarantee dividend every year.
Preference Share of Naim indah Mutiara Capital Bhd where Legally Guarantee By Naim Indah & Dato Alex Siaw (Managing Director of Naim indah Corporation Bhd (NICORP).
The point is they refund the dividend to me every month(1~1.5%).
As I know the unit is quite limited. pm me for more details.

dude, you should have keep all the "limited" units yourself, to maximize profit.

dude, ambank ibg 10 sen add gst, ibft 50 sen add gst.ibft best as it is instant.

in fact, most banks ibg/ibft charges now as above.

This post has been edited by yygo: Aug 4 2015, 07:44 PM

Dear Sifus,

Do you think it's wise to invest in FD not covered by PIDN especially when suddenly our economy state goes west?

Risk reward concept

RHB 4.21% FD not for 12 months placement? Got 15 months placement?

You are right, 12 months FD.

anyone got the pen from OCBC already?

Do you know what it means by board rate + 4%? The board rate is normal FD rate? For example 3.20% for 3 months normal FD rate?