Hey TOMEI-R & supersound this thread is strictly for FD discussion only.

Stop being off-topic.

If anyone expects the FD rate not going up beyond 4.5%, then the BSN 4.75% for 5 years would be a good choice!

My view is the FD rate is still going up this year. Reason being 1) RM is still weakening, and 2) local banks need to prop up their liquidity coverage ratio.

Look at the FD rates. End of last year, all banks come out with 4.5+% FD. Then in January, suddenly all the 4.5+% FD drop (not as good as last 3 months of 2015). I ma guessing is FD rates will continue to drop.

5 years is too long.. the most i will lock in perhaps for 6 months if i have extra money

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 ~~

It depends on the objective of your extra money
If u look out for opportunity, go for monthly basis
Otherwise, split into multiple duration namely 1m, 3m, 6m, 9m, 12m n > 15m

It depends on the objective of your extra money
If u look out for opportunity, go for monthly basis
Otherwise, split into multiple duration namely 1m, 3m, 6m, 9m, 12m n > 15m

Deposits must be in Ringgit denomination when you place a foreign deposit within banks in Malaysia.

Banks would then convert your Ringgit according to the exchange rate + their premium before placing the deposits in your preferred currency.

Their premiums are usually very high so you loose out instantaneously.

no admin fees for uob and rhb. onli fees for banker's cheque, ibg/rentas. if take out cash, 0 fees.

Yah sorry you are right about RHB...I double checked and it was Hong Leong that wanted to charge me to withdraw my FD. At the end, I said just transferred in to my HLB account.

What? HLB will charge fees when withdraw paper FD? If yes, how much it is

i think he is referring to cheque or ibg fees.

i think he is referring to cheque or ibg fees.

What will happen if i place a one month fd on 30 Jan? As theres no 30th on Feb.

What will happen if i place a one month fd on 30 Jan? As theres no 30th on Feb.

Look at the FD rates. End of last year, all banks come out with 4.5+% FD. Then in January, suddenly all the 4.5+% FD drop (not as good as last 3 months of 2015). I ma guessing is FD rates will continue to drop.

end of year they have many money lock in already ma.. so this is the beginning year.. after have many money of course they relax a bit now..