so, at least u just pay 1 year RM8..

1. It has nothing to do with interest rate. It is about bad personal financial management.

2. It has nothing to do with interest rate, as onset of GST that causing inflation is one off event. It is a cost push inflation, raising interest rate won't able to cool this kind of inflation.
Interest rate will be effective to cool down demand pull inflation, which is not the case currently, as demand is slow currently.

3. It will drive BNM into more easing bias, aka lowering interest rate.

So there is no case for interest rate to be hiked currently, only got potential rate cut if RM exchange rate become more stablise.

1. When more people get sued, it means bank can't collect back loan's full installment by that fellow which will be affecting bank's funds movement in short term.
2. Inflation rate are greatly affected by interest rate, or BNM's OPR since every business will use this as excuse to increase the price.
3. Well, as said somewhere before, increasing or lowering OPR by BNM will be both 2-edge sword, so maintaining maybe a better option for current condition.

1. No, it won't affect much, NPL still near historical low at 1-2% range for most banks, which doesn't cause much a dent for bank with such a level NPL. Last time NPL of 3% seems a norm instead of 1-2% currently. It was as high as above 5% during 97 time.

2. If BNM raise OPR, the cost of doing business will be going up, hence provide business more excuse to raise rate?
It will make worst for VSS especially those highly geared O&G sector.

3. Yup, that's why there is no movement of OPR by BNM.

1. NPL not really accurate for us, is more on bank internal. With this NPL are not important for them, they no need to give offers.
2. Some companies are not giving VSS, O&G companies are not as good like what others seeing. SOme are keep on saying they got VSS as they are butthurt badly, just imagine you are getting rm20000 a month and serving loans, getting laid to rest or getting pay slashed will be a big headache.
3. OPR does not increase and market data bad will cause rm to drop more

New from MBB. 8 months 4.38%

This post has been edited by michaelho: Jan 26 2016, 03:09 PM


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I so freakishly and f**kingly hate Hong Leong Bank counter services. Had FD matured from Maybank last week. Proceeded to HL Bandar Puteri Puchong this morning at 11am. Took a no - 2020. Waited half hour, then decided to go to someone sitting at a desk to ask if I have to fill up a form. Was told I'll have to open a Savings account. Took another no starting with 3xxx, filled up form. This was pretty fast. Took less than 10 mins, then she ask the guard to press a no for FD placement, and was given 2025. I thought 2020 has passed. In the end, it was still 2015. WTF! Basically, waited from 11am to 1205pm, and still the no did not move at all from 2015. I then left.

At 2:47pm, went to HL near Puchong Prima (I think), got a no 2033 and currently serving 2026. I thought only 7 nos behind me. Waited 25 mins, and it was still 2026. WTF! Imagine 7 nos x 25 mins, how long do I have to wait for 2033?

AArghhhhhh .... I'm wondering whether the 4.5% is worth the trouble or not.

OT: BSN statement only apply to OIL & GAS staffs.

your statement a bit misleading lo..

go try BSN 12 mths for 4.5% then u know liao..

a grandma sitting beside me mentioned she get used to it.. '2 hours waiting time is normal for me ' - that is why online banking serve the purposes

That only works if you already have a banking account (if the FD requires one) and that promos can be done via online banking. Otherwise, as with most FD promos, counter is the only method. Except for Maybank where I have a RM that does it for me via email.

So BSN remains the same all this years ........., thought of going for BSN FD but few hours waiting will push up my blood pressure especially when the staff keeps on talking with each other while working.

lol.. imagine my area here the branch only have 2 counters open? sure will make ur blood boil up

At Sri Petaling HLB, the officer asked me if I was there for FD placement. When I nodded, she said no need to take number, just go to priority lane

Today in BR for another matured FD to get the nego rate 12 mth 4.5% (note nego rate, BR 12 mth board rate 4.1%). This is a lone FD of smaller amount than the ones I got last Thursday. Anyway BR was flexible to allow me to include this FD into the nego "package". Some more I withdraw a few k from that FD for use in CNY. The FD back dated to 25/1, again good for me (as I actually in a way terminated the FD by withdrawing the principal amt).

That is what I like about BR, flexibility. Monthly interest on the dot.

Asked the ABM on the CNY hampers, he said they are working on it. Still going to send out to the "loyal" customers. But he "complained" that the Chinese always move their funds when somewhere else has higher FD rate.

This post has been edited by bbgoat: Jan 26 2016, 08:13 PM

sometime they will invite us for dinner too ..

you put min at least 100k for nego? and br dont have PIDM protection lo..

they invited u for dinner? first time heard of tis.

lots of chinese put in br leh.

that was last year. many of those who put 100k above was invite for a dinner + hampers .. i don't know your branch have or not .

i heard is 300k above leh.

nope. 100k . there are many ppl who attend for the dinner.

maybe you can confirm with your officer again.

in klang valley?

depends on location and branch. if big city the cut off will be larger. small city or small no of depositor, the limit lower.