I placed min RM 500 for 1 year board rate at 3.3% with UOB few months ago.


OCBC FD Promo, valid from August until end of Nov
(1) 6 months at 4.00%, min RM 10K
(2) 13 months (previously 12 months) at 4.2%, min RM 10K
(3) 3 months up to effective rate 3.925%, 50% to FD at 4.8%; 50% to saving (smart savers max rate 3.05%)


UOB Merdeka FD Promo, valid from 1 July until 30 August
(1) 3 months at 3.85%, min RM 10K
(2) 5 months at 4.00%, min RM 10K
(3) 8 months at 4.10%, min RM 10K

According to UOB staff, most FD depositors placed either 3 months or 5 months..



This post has been edited by BoomChaCha: Aug 6 2015, 12:07 AM

No, nothing to do with interest rate. It's about the political and economical stability in our beloved country. Call me paranoid but my confidence level is that low. Not at the level I used to be.

maybank silently increased their islamic rate, now 1 month 3.25%p.a,
foc personal accident insurance


Attached thumbnail(s)

This SCB another problem with interest crediting. My Jan 15 mth 4.5% FD received interest just 2 weeks ago. Then another one supposed to be due yesterday still not yet received.

They have to fix this issue. Now have to go and chase after RM (not leng lui ) .

Anyone else has this problem ?

This post has been edited by bbgoat: Aug 6 2015, 08:59 AM

So UOB no longer competing with OCBC for 4.2% (12 mth previously) rate. They used to mirror each other for the 12 mth 4.2% for several months.

Looks like other than Affin 15 mth 4.33%, OCBC 13 mth 4.2% still not bad. But UOB shorter term FD rate also not bad lah.

This post has been edited by bbgoat: Aug 6 2015, 09:07 AM

This is interesting, is this applicable via eFD? I cant locate any islamic option............
Can you please share how this is done? Thanks.

from M2U eFD.

For non-conventional FDs (e.g. GIA/MDA/Islamic), the final rate will only be determined upon maturity.

Bro, your confidence level now lower than in 1998? Based on current situation right here (not China where it's really bad), I think 1998 worst off where everyone got no cashflow. I am waiting to see how things turn out come this October...

And I doubt our interest rates will go up or down much unlike 1998 because we don't have DSAI as our FM today, haha. The way I see it, if things do go very bad, once USD/MYR hit above 4 and goes back down to 3.8, our government will revert back to pegging it at 3.8. Seriously, right now USD/MYR 3.8XXX not much diff from previous peg of 3.8.

Back to FD, not many straight forward FD promos nowadays, I guess have to wait till last quarter of the year to see more FD promos (banks window dressing). For my case, I'm now only interested in short term, i.e. 3 months.

This post has been edited by Gen-X: Aug 6 2015, 12:50 PM

Ringgit is heading to RM4 to 1USD..
http://www.theedgemarkets.com/my/article/r...ainst-us-dollar

palm oil and crude oil also trending lower..

Things do not look good in M'sia with the latest political development.

Seriously need to diversify to foreign assets especially if you plan for overseas education for your children.

wahhhh you got full 4.5% for 6mths? have to check mine!

"The ringgit exchange rate breached the 3.89 mark to the greenback today, hitting RM3.8920 against the US dollar at 9.40 am this morning, data from Bloomberg showed. It then declined further to RM3.8950 against the US dollar at 10.30 " malaysiakini

Bro, please read carefully. Not 6 mth 4.5%.

I mean the 6 mth interest for the 15 mth FD not received.

This post has been edited by bbgoat: Aug 6 2015, 03:39 PM

Bro, actually depending on amount one is buying. The 0.0x (note second digit decimal) can turns out to be quite some money for the exchange of USD and RM.



This post has been edited by bbgoat: Aug 6 2015, 03:42 PM

aiyohhhhh of course lah. what i meant was that the 4.5% was actually the board rate of 3.25% plus a campaign bonus of 1.25%. apparently the campaign bonus 1.25% said to be payable only on maturity after 15m.

ie i expect them to pay the 3.25% every 6 mths for 6 mths interest but if you get 4.5% 6mths interest, then i will ask them for it too

Went to 3 bank yesterday to place my FD. Taken PB bank 4.175% 6+6 promo and maybank 3+3+3 FD promo and also Ambank 9 months 4.1% promo. Din went for Affin bank as its kinda far for me

Aiyo, aiya, I have one of the FD (same rate & tenure) received 6 mth interest as I mentioned. But this second one did not receive lah, boss !

Also same as previous 4.25% FD, they still pay the bonus interest on the 6th month lah. Not until maturity.

This post has been edited by bbgoat: Aug 6 2015, 04:10 PM

Seem most of the bank keep having promo for FD.

Seem this is a sign that Banks need cash and likely BNM soon will increase the overall FD rate.

Just hope BR loan rate maintain as current rate.

Just came back from RHB, no more 4.21% 15m step up promo

ended since 31 July mah http://www.rhbgroup.com/products-and-servi...posits/step-up/

BNM won't increase int rate in near future