cimb pb pay rm0.68 for bc.

I am not their PB customer and guess they are ripping me off! Next week gonna close my account with them and shift my funds to ABMB.

they did not rip u. rhb n affin also charge rm5.80 for bc.

I wud opined unlikely for BNM to lower OPR as our economy is very fragile right now

Make it this way, increasing or lowering OPR will have deep impact to all.
Increasing OPR will be grave yard for those that are having DSR of >80%, but for 0 loan fellows it will be good news since more people will get sued and banks will run short of money to continue giving loan out which is happening now. Higher interest rate FD to attract people
Lowering OPR will help those serving loans to able to pay more on principle and lower interest, still if a person having DSR of > 80%, not much improvement for him also. FD rate may be lower so no goodies for 0 loan fellows. Another risk is, other countries may treat RM as toilet paper

2 of my RMs from different banks say they are expecting rates to go up.
Don't know what to make of the current market liao so not going to double guess and just place at whatever highest rate available

Reserve ratio is determined and decided by BNM to boost economic activities to encourage investment from both industrial and consumers sectors. GDP is a measure of a nation income. It is the sum of Consumer consumption, firm investment, government spending and net export.

Fiscal policy will aim at government spending and monetary policy focus on the money supply. Decrease in reserve ratio and reduction in interest rate are both aiming at the money supply to increase in investment on capital exenses and consequently on consumer consumption. NPL is caused by individual bank policy on assessing and releasing loan after the risk assessment on the loan borrower. High NPL will not affect BNM's decision on the reserve ratio. High NPL only reflects the banks ' prudence on managing loans.

hello, I need some professional advice from forumers here.

I wan to open a FD account with HLB under their promotion with 4.5% p.a., 6 months, but also considering Foreign current account in maybank which min deposit is USD 1k.

Was thinking since MYR is depreciating, perhaps foreign current account can help to keep the cash as long term.

what is the best to go to? I can only go for one ><

thank you very muchieee ~~

if go up then I rugi.

my money is locked in long term FD.

When economy are not good and banks are offering higher interest rate for FDs, you should not take those that are having longer lock in period.

I am not professional but here's my advise. If you keep money in foreign current account, those account will earn you negligible interest. Banks rates are not good compare to money changer which means you need RM to drop alot before you can make a profit. So if you want to open a current account, better go to money changer and convert to cold hard cash unless you want to pay for some stuff in foreign currency.

Second, people in USD/MYR thread have already shown that putting in malaysia FD for 10 years will match the decline in MYR against the USD. Unless of course if one were to change last year, is a different story. So moral of the story is those people who have been putting in malaysia FD for 10 years gain the same amount as those people who change RM-USD 10 years ago and hold USD cash.

This post has been edited by Ramjade: Jan 24 2016, 09:22 AM

suggest to put 3 or 6 months better for the time being

5 yrs fd?

no 5 years la .... 6m, 9m and 12m.

haha, tat's not too long term! 6m unlikely any change in opr if ever. hard to say up or down.

have to put in FD for 10 years to match this decline??

I suppose it depends when you changed. If you changed 2 years ago, now you already profit from it.

store in USD??? you think USD will strengthen even more?? to $1 = RM5 meh???

and Maybank charges $4 per transaction, I think.

Highest rates and medium term I guess. But I dont see any FD interest going over 4.5% for now.

Highest rates and medium term I guess. But I dont see any FD interest going over 4.5% for now.

Some argue that if you dont spend your money overseas, then MYR depreciating will not affect. I would disagree because price of goods and services will still go up, especially imported items.

This post has been edited by TOMEI-R: Jan 24 2016, 10:28 AM