What does FD kakis think about this article : https://www.imoney.my/articles/make-more-mo...Deposit-Account

Granted that the money will be locked in for 5 years but it looks logical, especially for any banks (not necessarily BSN) that offer such high interest rate for long tenure. If hunting for priority banking, just dump in the money for the required priority banking and you can enjoy higher returns + PB privileges.......

This post has been edited by kmarc: Jul 31 2015, 09:03 PM

MBB Merdeka

Er - 4.02 pa

tenure 12 M

1. 5 years tenure rates good, but what if you need cash in the 4th year?
2. Priority banking gives you maybe an extra 0.05% rate, free coffee, free parking, and an annoying relationship manager

As mentioned, the disadvantage is that the money will be locked for 5 years. However, I'm sure we have people with FD kept long-term and large enough to qualify for priority banking.

Haha.... annoying relationship manager.... true true.....

Hong Leong Connect: Stand a chance to win an exclusive Smart Watch worth RM1,788! [ HLB | T&Cs ]
1 Aug 2015 - 2 Oct 2015



This post has been edited by cybpsych: Aug 3 2015, 07:52 PM

For those that put FD into 5 years, it should be money that they do not need to touch i.e. excess funds that is beyond emergency fund's need. The person should also already have a spread of 1 year to 3 years FD. Though we never know what we really need until the time comes.

Only for those people like Ah Boom and big Magician ?? Need to lure out Ah Boom, so quiet nowadays !

I do not have 5 years FD now, longest is 3 years. But is eyeing for one except not sure which bank to put ?

This post has been edited by bbgoat: Aug 1 2015, 10:29 AM

How good is the rate?

Their eFD rate is just std. 1 year 3.3%.

https://www.hlb.com.my/main/info-centre/per.../interest-rates

1. Still have some solutions like temporary credit facility pledged against FD if the FD placement is with the commercial banks. Splitting to several receipts with different deposit amount will also help to reduce premature withdrawal penalty.

2. One privilege that only available to PB customer is the Safe Deposit Box service. I'm sure a PB customer would have some valuables and important documents to be kept away from home. Only handful of banks in Klang valley have SDB service.

3.3%p.a?



Attached thumbnail(s)

The Smart Watch money comes from the FD rate given.

does bank's safe really safe?

http://www.thestar.com.my/story/?file=%2f2...9496&sec=nation

Not 100% safe but I can safely assumed that it will be more than 100% safer than keeping valiables at home.
If you have a choice, ( though in reality, you don't have much) choose a bank that occupy a standalone building. A fine example is OCBC bank in Puchong. The bank occupy the standalone building entirely, the reinforced vault is located at the upper floor, accessible only by a dedicated lift. Security guard 24/7. No way ordinary home can match this type of high security facility.

Sorry OT a bit.

keep in your own house safer.

Hi all,

Anybody knows what's the best 1 month fixed deposit rates available?
Was wondering what's Ambank rate since they do open on certain Sundays. Thanks

Check first page. Already listed there.

So far, my FD's are either 1 or 2 years long. Gonna keep an eye out for longer tenure from now onwards.......

Hey guys, I went thru RHB and Affin Bank website today and i cant seems to find the FD rate which 4%++ as recommended by all sifu here. It shows only 3.5%++ maximum. Shall I visit the bank itself to acquire the latest interest rate? Or the website given rate is the official one?

Print the promotion rate on the 1st page n visit the Bank to finalize the FD placement

Robust growth across the board drove earnings to record levels at OCBC Bank in the second quarter.

The gains from loans and wealth management were a standout while the Greater China franchise continued to lift its profit contribution.

Net profit for the three months to June 30 rose 14 per cent year on year to a new high of $1.05 billion, crossing the $1 billion mark for the first time, OCBC reported yesterday. Revenue was up 12 per cent to $2.22 billion.


http://www.straitstimes.com/business/ocbc-...earnings-for-q2