Wow, really doing this FD musical chair this week !

Take out from UOB, moved to CIMB on Monday for the conventional 12 mth 4.35%. Then today terminate it and moved to OCBC 12 mth 4.5% ! Though "lose" interest for 3 days, but still gain RMX50 !!

But kept the CIMB Islamic 12 mth 4.35% placed on Tuesday as it gives monthly interest. Though could also have terminated this one but decided to keep it as part of diversification in banks. Getting trolley bag also for the member get member program of CIMB PB.

Also introduced 2 more OCBC Premier Banking for relatives. RM300 X2 for the introduction.

This post has been edited by bbgoat: Nov 5 2015, 06:08 PM

OPR maintained !

http://www.bnm.gov.my/index.php?ch=en_pres...ac=3291&lang=en

I terminated my FD placed on Monday also. The bigger the amount, the more "gain" you get from the effort (petrol, time etc). You have to do the calculation to see the loss vs gains !

I think it depends on the person, if the gain is < certain amt, I may not do it. But it depends on each person.

This post has been edited by bbgoat: Nov 5 2015, 07:29 PM

Agreed but u need to factor in the risk of foreign exchange

My flexi housing loan got 4.5%. Now ocbc also providing 4.5% for 12 months, which one I should put my fund?

Of coz HL

Mind to share why?

During 12 mths duration, HL int rate may goes up

India and Sri Lanka can be up to 15% pa. So my expat Indian and Sri Lankan colleagues earn in SGD and place FD in their home country. Sibeh perfect combination.

4.5% rate based on remaining principal, right? furthermore, every month you repay the loan, reducing principal.

do u have equal or more fund than HL principal to park in FD? if not, the interest charged by HL will eventually higher than the interest gained from FD.

just my simplistic view la imo, i'd split two funds: one for HL and other for FD (emergency standby).

But now... RM is weaker than RP... still making a gain...

Exactly... i earn RM but placed in RP...

U need to forecast future instead of now

in Long term, RP will be strong... I foresee that... Sooner or later Indonesia's economy is stronger than now...

How's the exchange rate of rm-rp? Flucates like usd-rm?

Since last year RM1: Rp3,700... till today is RM1: Rp 3,200... Looks stable for the time being, but will go down some more end of the year or beginning of next to Rp 3,100... I foresee so...

Few questions
1) How do you put FD there? Take a flight there?
2) Do they accept malaysia's cheque?
3) How long do you put?

If putting indon FD at 9%, I think a flight there every 2 years to renew is kind of worth it.

Yeah, this is the perfect combination. For expat you mentioned. No worry so much on currency fluctuation.

abang, dia cakap bagi orang bukan m'sia lah!

bukan fly there, susah lah!

Yup, this is not for us. Only for their nationality and those working there with valid work permit lo.