Greece is deliberating to implement 30% haircut for bank deposits
Thus, the cash value will drop from EUR1 to EUR0.70

Yeah you are right Bro, maybe that's why our ancestors hide their money under the mattress

Bro, we were talking about recession... if one got cash, one can accumulate lots of assets at "low" prices. As for Greece, what they are facing now is worst than depression, like you said, got "cash" being so called stored electronically or on paper with a bank (but bank's vault empty) and they are only allowed to withdraw very minimal amount per day. So basically, they have no cash in hand.

RM1.2B/RM250K = 4800 accounts!!!!

Holy cow, if Maybank really go under, habis lah aku. I think I will change all my cash to physical gold and go bury it somewhere, haha.

This post has been edited by Gen-X: Jul 5 2015, 11:56 AM

Standard Chartered Bank Saving Account Promo:

From now until 31 August 2015, earn attractive interest rates up to 3% p.a. on your JustOne savings account when you fulfil the requirements.

JustOne Personal Account: 2.25%
JustOne Priority Account: 3.00%

https://www.sc.com/my/campaign/jocbill.html

That is a scary scenario !

Gold is KING !! Right time to buy some gold ?

it depends if ppl is willing to recognize gold as a 'currency' or something with value...
afterall, you can't eat gold in times of depression...

Alternatively, PPL can leverage on credit card to pay for stuff(s) during crisis

Thanks Bro for the update.

I just called my Maybank's RM and yes, they are offering 6+6 months at 4.04% and 4.3% respectively.

And just in case anyone was wondering, minimum deposit for Maybank FD Promo is either RM20K or RM25K.

Maybank also have 3 Months FD Promo BUT bundled with Unit Trust, and since I not interested, I can't remember the interest rate.

fresh fund?

hmm anyone seen the RHB flyer with 7% afor 3 months and 7.8% for 6 months FD rate?

Bundled with ASNB UT, 50/50 split.

hmm i only saw this list here of the interest rate for most banks ...

i have this FD placement back in march or feb ... it says 2+2+2+1, which is 7% for Maybank...

just wondering is this 7% is truly 7%

and also wondering if the interest rate remains if it auto renews ...

Pure FD of 7% ?? Rather high if true normally some sort of promotion. Tenure of how long ?

If auto renew, normally goes back to board rate.

Just to add on. 4.17% effective as mentioned by the other guy. Min 25k for individual. Offer valid till 24th July 2015.

it's in the star paper today.

Any fee or such if close after 3 months? They make you get a ATM Debit card?

Most banks if you close a CASA account within 90 days, a fee will be imposed.

As for HSBC Advance and Premier accounts, if one does not maintain the minimum AUD, one would be penalized.

Moreover, HSBC FD/TD Promos are only applicable to NEW Advance or Premier customers and you won't be able to enjoy future TD promotions, And if you refer to Post#1, you will notice that HSBC has one of the worst board rates for FD/TC. As such. if one has like less than RM50K for the Advance 3 months promo, one should really consider if it is worthwhile to go waste couple hours to open an account and then couple hours to close the Advance account after the promo tenure. Also add petrol and parking if applicable.

To all, I just updated Post#1. Still not many reporting new FD Promos for July 2015. Most banks are offering bundled FD promos with UT which I will not highlight in Post#1.

its a promo rate back then, it says 2+ 2 + 2 + 1% on the FD slip ...

This post has been edited by earl-ku: Jul 6 2015, 03:22 PM

3 mth, 4 mth FD ??

6 months

Those bought gold at peak price a few years ago, loss about 20~30%....

But those who bought Gold 5 years ago and sold at the peak made lots of money too

Stock market, UT, Forex and other speculative investments - buy low sell high. Or for the braver ones, short selling also can make money

FDs are for people who need the money to survive and not willing to take risk OR for those who have made their money on speculative investments and have enough of the thrills that comes with it, hahaha.

This post has been edited by Gen-X: Jul 6 2015, 06:12 PM