Ya lah, CD asking for more RM already.

I regret that I did not buy the USD earlier, even 1 week ago can save me quite some money. But will I be happy that I bought it now when it reach 4.05 and beyond ? But when the next time to buy again, even more eggs are shed !

My longest term FD is 3 years only. Now the whole situation is volatile but OPR movement hard to say yet.

Guys, is the UOB 3 months 3.85% still available?

One of my FDs matured today so I went hunting for the "best" deal as usual. I was aware of the Ambank 4.1% 9 month, interest paid monthly, as well as the Public Bank FDXtra 6 months 4.05% + 6 months 4.3% step up promo, interest payable at the end of months 6 and 12.

Decided against the Public Bank offer because interest was paid once every 6 months, and the stupid fine print about adjusting the promotional interest rate should the OPR change. Was on the way to Ambank when I decided to drop by Hong Leong to see if they had any promos. Ended up placing a 12 month step up there, effective interest rate 4.1%, promo for their PB customers. Months 1-3 3.65%, months 4-6 3.85%, months 7-9 4.05% and months 10-12 4.85%. Promo ends 14 August, fresh funds only. Interest is credited monthly. I decided this was the best deal for me based on my requirements.

Managed to get a free gift of plastic water bottle and hot water tumbler set as well although I wasn't strictly a "new" customer I just hope they don't go bust haha, I've got all my money in this bank, for now...

As usual, don't waste your time with CIMB, in all my years as their Preferred customer, there has not been a single worthwhile promotion.

It must be quite a huge chunk of money, to get any free gift from this kiamsiap bank

Hong Leong Term Deposit-i
6 months 4.00% p.a. for priorities,
3.95% p.a for me


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Not sure if anyone reported this, just received SMS from RHB manager:

FD promo:
3 mths: 3.85%
6 mths: 3.95%
9 mths: 4.1%

min 10k

Promotions everywhere but insufficient $ for placement

Thanks. So my FD will remain in RHB.

fresh fund ?

This post has been edited by magika: Aug 11 2015, 03:39 PM

none of them is attractive

So many uncertainties now, better don't lock up cash too long. Crisis is opportunity, be very liquid and wait for bargain to come. Crisis/opportunity don't come very often, 17 looong years waiting man. Don't miss it.

Cannot lei. Household debts is bloody high. If really increase rates, Bank will die.

And no DSAI like what Captain said

its not quite as bad as 17 years ago, the worst has yet to come

U r looking at short/mid/long term FD?

something like 1 year 4.5% p.a as SCB offered earlier

Tis is just the tip of the iceberg

No la, satu ratus sahaja. Maybe I looked even more pitiful today, and they wanted me to feel a little better lo

Lock in high rates first, then if got opportunity just withdraw and take opportunity if it arises? Any tips on these opportunities? Landed property auctions?

Please share if opportunity knocks...tq

anybody had put placement in MACH for their online 4% 9 months FD? so far i have been receiving the interest monthly into my savings account which i find odd.

will they deduct back the money or penalize me if i withdraw it early?

SCB best offer among all banks is 15 mth 4.5%

This post has been edited by bbgoat: Aug 11 2015, 08:43 PM

During the late nineties currency crisis, the KLSE CI nose dived to 262points from the high of 1300, stocks were at rock bottom prices, DSL house at Bandar Utama was as low as RM300k down from Rm400k+. Stocks and property are not the only opportunity during crisis, things like businesses, fine jewelry, collected item Swiss made watches etc etc will be at bargain price too. Therefore crisis = opportunity to those who have FD.
I'm not sure if we are going to have the crisis or not but there are already indications pointing to that direction. So my personal strategy is to be as liquid as possible from now on. As liquid as possible means, start adjusting my FD placement term ratio in favor of short term FD. Grab every opportunity that comes along if my gut feel tells me so.