typical of youngsters nowadays. think they are so smart and have no respect for others.

that is why someone is a troll here. wrong info given, keeps on arguing, cannot even read & understand pipu's post before shooting.

respect pipu please.

When I was his age (18 years old) I know that one will not get 3.x returns in a month for FD and I had no one to tell me that (I do not know how to calculate effective interest back then). Some more common sense will tell you getting 4.x%/month? Like that banks sure bankrupt already. Sometimes you need to be frank. Anyway, better stop here before being OT.

Refer page 1 for further info

they are referrring to the other fella, the one that gave u all the numbs.

no issue for newbie asking questions, but if repetitively being "noob" but dont respect others, that's attitude problem.

as adele123 explained, all bank interests is based on p.a. (per annum) basis. so, dont have to drool over high interest number. always read the T&Cs.

u do know that u dont have to reply, right? keeping quiet is also a smart thing to do.

yet, you brag and later tell the rest to stop from OT??? you keep doing that but still posting OT posts everywhere?? geeezzzzz

we are not talking abt u. it is the troll in this forum.

successful as a student, more like disguised as a student. talk big, nonsense onli.

murid, behave. mana boleh talk people like tat?

tun, stop behaving like a lousy troll. u gave wrong info oso in tis forum, not once but soo many times. be humble.

All FD rates ought to be quoted APR, just like your personal loans / CC interest etc.

BNM has not enforced it yet. A 3 month FD rate of 4.5%, APR = 1.125%.

APR is also known as effective rates per annum just in case.

After Cny maybe, I heard MBB is giving out these rates soon! Cannot confirm though..

But economy and market continue to slow down leh... and your currency keeps dropping.



This post has been edited by TOMEI-R: Jan 14 2016, 10:40 AM

Yes...PB is certificate based and it is still required. I have misplaced two certs and still couldn't find them. But PB still send the statement update quarterly.

thanks!

haizzz, gonna ask PBB directly on the "damage" to get a new cert or possiblity to uplift without cert.

Citi bank has started to move down the FD rate. Effective 22 Jan, 12 months is 2.75. 1 and 2 months 2.95%. The general trend will be lower interest rate. Most likely BNM will exercise the monetary policy reducing interest rate either in Q1 or Q2 to boost economic activity. Oil price has dropped below 40 and this year GDP is forecasted downwards too. Ringgit is expected to move towards 4.5. The current Higher interest rate promo by HL and others do not reflect the medium and long term interest trend

CB very daring in reducing the FD rates ! But anyway they are not looking so much into FD's. I have been their loyal customer for years. They are even increasing the AUM for Citigold to 350k !

I agreed with what you said. The way it goes, other than, HL/MACH, UOB, RHB having relatively high FD promo at 4.5/4.4; other banks promo are reducing. So I intend to grab UOB and maybe RHB's FD promo ASAP. Before they goes away !

Also thinking about BR's 2 years 4.45% that was mentioned by one forummer. If other promo's goes away.

This post has been edited by bbgoat: Jan 14 2016, 11:35 AM

Yup, that's why banks reluctant to offer high rate on long tenure one.

6 month 4.5%, 12 months 4.2, 4.3, 4.4% tell the story already.

Correct for salary earners, provided they dont lose their jobs.

Incorrect for business people like me. Business will slow down to a crawl.

Yes ! I think it is good to grab longer term tenure like RHB's 15 mth 4.4% or UOB's 12 mth 4.4% before they goes away !

Really? i committed to MACH 4.5% 6 months thinking will up somemore.

Anyway im just kecik miao, lets see