Ya, with current Malaysia's scandal and economy maybe not so soon.

Should look at some other alternative then FD due to weakening RM, sigh

Has anyone posted & discussed this RHB FD/ASN UT bundle yet? Remember in prev versions (iirc v7 or v8) there was some interest in investing in Amanah Saham UTs & it was said that some of them were highly sought after but low in supply. Dunno if that applies to these

FD:UT ratio >> 1:1
FD promo rate 3m 7% // 6 mths 7.8%
Min FD 10K
non-bumi UT's ... ASN3 Imbang, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan
UT sales chg >> 5.3% incl gst
Offer ends >> 30 Sept 2015

Anyone tracking these UT's

Link to factsheet

This post has been edited by okuribito: Aug 7 2015, 11:35 AM

There is almost no chance for OPR to be raised upwards.

The reason of banks need more cash or liquidity is about Basel III which is scheduled to be implemented in the near future.
In the new Basel III, the requirement for liquidity ratio is higher, and only 3 months above deposit can be considered as liquidity (something like that, quite complicated as well).

No bank has a view that OPR is going to be revised upwards as far as I knew.

If bank has a view OPR is going to go up, the board rate of FD will go up across one, with longer tenure well above OPR, which is not a case here.

Promotion FD - normally banks require certain deposit/liquidity, as in promotion FD, they can control the amount of deposit they take in, once reach their required target, they can simply remove the promotion.

So they are in better position in maneuver the amount of deposit with the promo strategy instead of adjusting the board rate.
That's why the T&C in the promo FD, always stated, the offer period, or bank reserved to end the promo or ended when received 500 mil or something like that.

Just a note .

Am in CIMB now, the counter staff says now all FD deposit must open CASA for upliftment as is Bank Negara requirement for anti laundering paper trail. 26 billion then only no need

Tis was discussed earlier n u need to spend time to read
Tis is a bundle product where u need to understand the operations of UT together with the Fund objective

Just signed up Maybank FD Merdeka promotion for 9 mths with effective rate @ 4.07%

ok just searched - discussed in june. thx. hahaha still think 5% upfront is a big handicap. & noticed MBB's expired promo offered 8.8% (?) in a similar bundle. think i'll pass for now as I feel equities got more to fall in the coming mths. maybe reconsider the SC 1.5% discount later in the year (expires 31/12)

tq again

Magic, I just placed FD with UOB 2 days ago, but UOB did not ask me to open CASA wor...

By the way.. US$ was 3.93 at 11.50am, now 3.908..very volatile..oh now 3.914..

You will need great Magician's skills to escape soon, ha ha ha !

For the <12 mths FD, no issue. UOB previous 13 mth FD need CASA to credit the interest.

This SCB, really have issue. My RM is now checking for me on the issue I mentioned yesterday.

I am watching very closely. Regret did not take action last week.

This post has been edited by bbgoat: Aug 7 2015, 02:37 PM

Ah Sir....Magic said all FDs have to open CASA in order to anti money laundering as required
by BNM..

My first batch interest of Standard Chartered Bank's 4.5% FD will pay to my saving account next month, don't know
if I can receive it on time or not..?

Oh..What type of action? Buy low sell high..?
Now is 3.929.... the movement of fluctuation is very fast...

This post has been edited by BoomChaCha: Aug 7 2015, 02:50 PM

My 4.5% SCB also next month.

Looks like finally have to open UOB CASA okla..min deposit RM20 only

RinggitPlus: Get a Free 2GB iPod Shuffle with Bank Simpanan Nasional (BSN) Fixed Deposit [ RinggitPlus | T&Cs ]
5 August 2015 - 5 October 2015

5-Year @ 4.50%, min. RM15k fresh fund

Limited to the first 200 (two hundred) accountholders

This post has been edited by cybpsych: Aug 7 2015, 03:22 PM

it worth RM189, another 1.X% return from 15k principal

5 years...that is ridiculous....

Dont know lah, sometimes counter staff say all sort of things just to convince their action. Like how almost all banks RM used to say rate will go down since a few years ago.

5 years is normal for "long" term FD

I know lah, now UOB do not have the 13 mth FD that pays interest every 6 mth. So no need to open CASA also.

But Magic said they required him to do so for FD in CIMB.

The issue is I have 3 of the same type. First received the interest 2 weeks ago. Second one due 2 days ago.

You think I am a trader ?

This post has been edited by bbgoat: Aug 7 2015, 05:19 PM

Magic, you placed FD in CIMB?
What rate did you get..?

I do not think a Free 2GB iPod Shuffle is attractive enough for this 5 year FD promo that
pays interest upon FD maturity...

If BSN & Ringgit Plus are sincere to run this promo, offer JBL sound bar lah...

So you have 3 FDs, you received the 1st on time; 2nd not on time; 3rd don't know yet..

Aiyo... today closed at 3.945...
Ah Sir, you just missed the chance to buy US dollar in this early afternoon...

Any expert can explain what are the impacts on Malaysia FD rate if the US dollar is keep going up?

This post has been edited by BoomChaCha: Aug 7 2015, 09:48 PM

Oh yeah, what rate is CIMB offering high Magician ?

I missed buying it months ago and last week. Now, ai ai .................

Any recommendation on Australia properties...

That day went to Ambank renew FD, 9 month for 4.1%, interest credited monthly. one branch allowed top up some money to be considered as fresh fund, other branch insisted top up RM10k ...

This post has been edited by gsc: Aug 8 2015, 02:49 AM