https://ringgitplus.com/en/fixed-deposit/UO...ampaign=UOBK001

Anybody knows how much is this Huawei tablet worth..?

(1) Place RM 10000.00 in UOB at 3.9% for 5 months
70% to saving (assume if not earning any interest)
30% to 3.9% FD for 5 months. RM 3000 x 3.9% = RM 48.75 (5 months interest)

Versus
(2) Place RM 10000.00 in UOB at 4.00% for 5 months
RM 166 (5 months interest)

RM 166 - RM 48.75 = RM 117.25

So.. it is a good deal to buy this Huawei tablet for only RM 117.25.. My calculation correct or not..?

[attachmentid=4806383]

Guys, what is the sentiment out there? With the turbulence in the share market, will the Fed increase or decrease the interest rate? And with the bank negara meeting in September, will it follow suit? Am wondering whether I should go for short term or long term FD placement.

So meaning when everyone is taking out money to buy shares, there is a chance for banks to increase the FD rate to attract more fund?

No wonder BR can't seen any of non bumi working thr ... Haha... Btw , mbsb quite attractive but due to the branch locator I still think whether go or not to go....4.5% @ 18month....ah....

The divergence between the three-month Kuala Lumpur Interbank Offered Rates (Klibor) and the overnight policy rate (OPR) continues to be wider than average.

After moderating since January, the three-month Klibor has increased markedly since June, ranging between 3.67% and 3.70% – some 45 basis points (bps) above the OPR (One basis point is the equivalent of 0.01 percent). On Aug 25, the three-month Klibor suddenly jumped to 3.72%.

Economists say this large divergence is not a good sign should it continue and likely reflects a squeeze in liquidity among local banks. They say it is also not a good sign for foreign investors looking to park money in the country. Interbank rates, such as the Klibor, are the interest rates charged between banks on a short-term basis.

Banks typically borrow and lend money to each other to manage liquidity as well as to meet statutory reserve requirement.

Generally, the Klibor and rates do not differ much. But when Klibor rates rise, it could be an early sign of difficulty.

The OPR is the interest rate at which one bank lends funds to another. It is also the rate at which Bank Negara Malaysia (BNM) charges a financial institution which borrows money overnight to maintain a cash surplus.

Search for entire thread, didn't find anyone talking bout Mach early withdrawal.
Sharing my experience, need your expertise/guide on this.

On 28 Feb 2015, placed RM10,700 @ 4.00%p.a
Today, because of emergency, I needed the money, selected Partial Withdrawal, received the TAC, I was shocked with the receipt stated
Nett Withdrawal Amount (MYR) 10,593.88 and my FD account has gone from the list in Mach FD.

With frustration and disappointment went to the nearest Mach center, they couldn't help but asked me to call direct to their helpline.

Feeling rip off and disappointed by what was advertised on Mach "Flexibility with Partial Withdrawals" & "The First Online Fixed Deposit that Allows Partial Withdrawals."

Question remains:
I'm absolutely clear that I select the 'Partial Withdrawal' but the system didn't let me key the amount I wish to withdraw. And it only came out Nett Withdrawal Amount at the end.

FAQ Mach Fixed Deposit Account

Terms and Conditions for Mach Fixed Deposit

You are probably right but I have clicked on the Partial withdraw but didn't find any field for me to key in the amount.

Checked with HLB today, if withdraw before full term, even fulfilled partial/some of the STEP UP FD period, interest will be halved ((