Wah, so many pages on BR interest rate.

Why you all sour grapes, good for him lah can get good interest rate, hahaha.

Thank you for reading my articles Gold up because USD up (since it is traded in USD). But what goes up will come down fast and hard. Investing is all about timing and when to lock in profit. Smart ones like AVFAN started diversifying his MYR months ago.

Last week I at MidValley, people buying all type of foreign currency and hopefully they know when to convert back to MYR.

Best method to preserve wealth is in landed property followed by gold (some may not agree with gold, hahaha). As for cash, it is a tool and how one uses it will determine their future wealth/assets.

To ALL:

Why we still talking about PIDM, aeiou228 have informed us they only will have RM1.2B by end of the year. That's even less than what our PM got from generous donors in the middle east.

RM1.2B is nothing - not even enough to cover a single bank:


As for your money guaranteed by government, you guys are just kidding yourself, remember Greece - all banks closed! And when they reopened, they limit the amount that one can withdraw per week.

Petrol price at all time low - every barrel of crude oil produced from Malaysia oil fields right now is loosing money! In the last quarter on 2014, Petronas loss RM7.3B (USD90 to 54 per barrel that time). For Jan-Mac 2015 (crude oil per barrel around USD50), they made a surprised profit of RM11.4B. but today price of crude oil per barrel is at record lows (less than USD45/barrel - same like in 2008 when we got a recession).

How long is the coming recession going to last this time? God knows. But one thing for sure, get ready for September to October months and if nothing major happens, I guess we will be out of recession pretty quick. But if this coming recession is going to be long (like 5 years), those with Cash in hand will get to accumulate assets at low prices and will be making tons of money when our economy recovers (so will those with landed property but can't say the same for gold).

This post has been edited by Gen-X: Aug 18 2015, 05:41 PM

I am dumb-struck......... agree with you, I must say he's the best financial guru ever here.

yah yah yah, not many FD promos around to discuss or compare.... so boring until our newly joined (July 2015 as LYN member) Bro started posting on BR interest rate, this thread suddenly so active. And best of all, we get to learn new and interesting stuff


hahahaha, we now get BM lesson too

This post has been edited by Gen-X: Aug 19 2015, 09:24 PM

When the banks states CASA required - it mean either Current Account OR Savings Account.

HLB on the other hand sometimes offer FD promo for Current Account only.

The link works for me.

And Bro, why post 4 in a row? Lazy ar? It's consider spamming lah. Or you want to go to V10 faster, hahahaha

Post #1 has been updated with Alliance eFD before you posted - if anyone reports on any eFD Promo, I will highlight it (if I am in town).

As for the eFD you mentioned, i.e. MBB, HLB and CIMB, you telling me their eFD board rates higher than over the counter board rates?


IF MBSB goes bankrupt and goes under receivership, I guess the last people to be paid (if there's any balance after paying off main creditors) will be the depositors.

Bro, why don't you compile the eFD

Need to deposit equal amount into CASA and thus your effective interest rate will be less than 4% - best go with Smart Saver if really want to go with this Promo.

Thank you for the compilation. Will add to Post#1

Noted

So confirm cannot uplift. Will update Post No.1 again.

Bro, it like the third time you repeating herelah. Thanks anyway.

Got to add tihs to first post again.

Yah, AUD now also strengthen against MYR even tho it is weakening against USD!!!

What I observe is - % increase/decrease in USD/MYR + % increase/decrease in AUD/USD = net % increase/decrease in AUD/MYR

Say USD/MYR +1.2% but AUD/USD -0.2% you will get net +1% AUD/MYR

But Bro, if you can convert directly USD to AUD, you will have lots of AUD Or if buy AUD now, in the future when it strengthen will have lots of USD. But what we want end of the day is Ringgit, hahaha


This post has been edited by Gen-X: Aug 21 2015, 08:04 PM

Hi guys, I'm back in town and I just updated my Fixed Deposit Page. Maybank has a new promo. I am surprised that Maybank has reduced the minimum fresh fund requirement to just RM10K for their current (September) 5+5 Months FD Promo. It used to be minimum RM20K or RM25K to be eilgible for Maybank's FD Promos.

And UOB is once again offering 4.2% for 12 months and best of all it's straight forward without any stupid CASA thingy.

For latest FD Promo rates where you will most probably find the highest rates for commercial banks FD, the place to go is of course my FD Page - that is if I am in KL to update my FD Page, hahaha:

Click here to my Fixed Deposit Page

On yes, OCBC Premier Banking is currently offering 4.55% for 3 months but you need to deposit equal amount into your Premier Savings Account (which pays around 3% - too lazy to go check latest rate).

I won't be updating and FD for at least another 2 weeks as I am flying off to London this weekend - FREE of course on Business Class, complimentary by Maybank Once again, if you want to fly for FREE (Malaysia Airlines, Singapore KrisFlyer and Asia Miles), take my tutorial and learn which credit cards enable you accumulate Frequent Flyer Miles the fastest way click here and read my Comprehensive Tutorial On The Best Credit Cards for Redeeming Frequent Flyer Miles.. And if you got a child studying overseas and if the school/Uni accept credit cards payments, you will thank me for teaching you how you can fly Business Class for FREE!

This post has been edited by Gen-X: Sep 10 2015, 03:31 PM

Bro, 1st Page not updated frequently but it does not mean info outdated

But you are right, best to read last few pages, actually check this thread every day. I read last few pages on CIMB "Promo" also pening kepala, so many different reports.
But best is michaelho, he got 4% for 3 months


Will be overseas most of the time until mid-December.

I actually mentioned in previous thread that someone take over this thread. But no takers then.

I am flying off again next week to Phuket and then back for a week and then to Melbourne again. So, yes, no updating of Post#1 for at least another month or so.

Bro, you want to take over V.10? Or anyone here? I can close this thread immediately.

Bro, I just got back yesterday and headed straight to my watch dealer - no time to read any posts here yet to update Post #1.

It's a new month and we can expect some new FD Promos. This thread is close to 2500 post and time for a new thread. And you rightly pointed out recently that Post#1 has not been updated frequently (as I was away most of the time). And I will be flying off again next week. Therefore, I won't be starting new V.10.

I propose that cybpsych takes over this thread and start V.10 immediately as many times he was the first to highlight many of the new FD promos.

And Bro Ramjade, as for the nonsense claim, well, what you said about the GTR is true because there is not such card, hahahaha. That article Maybank 3 Cards was written for the benefit of those new to credit card and to highlight to them that they can get really good cash back from FREE FOR LIFE credit cards. So, for those new to credit cards, click here and read about the nonsense but FREE FOR LIFE Maybank 3 Cards GTR.

Anyway,for those who just bought a Rolex, or thinking of getting one - click here to my Facebook page to read what I posted yesterday night.

This post has been edited by Gen-X: Oct 2 2015, 10:41 AM

Only if you are an Admin, Staff or Moderator. You make me Staff then I can assist the TS when I am back, hahahahaha.

Last time, BoomChaCha and myself kind of "work" together for the benefit of all, i.e. I will let him know when I starting new thread and he will then prepare for it (update what he wants to post) and the moment I start new thread he will reserve Post#2 immediately.

Bro, you the best person to go start new thread.

It's not about who got more more RMs or more time to go waste at the banks but willing to share and willingly waste his/her time to compile member's reporting in a systematic layout for Post#1. And in CC section you have proven yourself to be a great TS where you list out the necessary info in Post#1.

So, I beg you to go start a new thread now before some one go start V.10 and start posting here as if this thread is like a chat room, hahahaha.

Thank you for your support in reading my articles Bro

Wow! MBB cheque is really like FREE now, RM0.53 fair since all of us need to pay RM0.50 (exclude GST) cheque fee.

MBB Islamic 4.5% Effective Rate Promo is no different from Public Bank Term Deposit-i Promo where many here have signed up for; both these Islamic Banking promos' "interest" rates are subjected to OPR.

And it was mentioned before, PIDM's current fund is not even enough to cover a single bank; and as such, banks advertising that your deposit is covered under PIDM is just to give you some psychological comfort

This thread will be closed 11.18am today as it has surpassed the usual normal number of posts for a new thread to be started. As such, someone please go start new thread V.10

This post has been edited by Gen-X: Oct 5 2015, 09:46 AM

This is Post#2628, nice number to end this thread


And I just came back from HLB and Hong Leong Bank Junior FD Prmo is Back! But it's not a good as the conventional 12 months FD Promo! WTF.

To read more as to why I had to place with HLB Junior FD 12 Months Promo and earn less is interest rate compared to another FD which I managed to get higher interest rate for the same tenure but interest also credited monthly into my Savings Account, please click here to my Fixed Deposit Page.

Last but not least, I wish you guys all the best in playing the FD Musical Chair and may you get the best interest rates in town