How did you calculate for 1 year is >4.5%.?You cannot x2 the 6 months promo rate and claimed it is more than 4.5% for 12 months FD.



Just came back from HLB and placed 6 months FD at 4.5%. 12 months is 4.2%, this is what the counter guy said. Need to open saving account for bank to credit the monthly interest.


Promo ends either 31 Jan or RM 3.5 b quota is reach.

This post has been edited by gsc: Dec 14 2015, 07:58 PM

Only effective today. Actually I did not plan to place FD but saw the flyer and decided to place it. It is certificate type. I prefer statement based. But only Islamic banking is statement based.

This post has been edited by gsc: Dec 14 2015, 11:58 PM


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HL bank only
Conventiinal FD is certificate like Public bank, loss certificate charges RM20.
Islamic FD is statement based like Ocbc.

6 %! 4.5% is certificate.

Looking back, Am Bank earlier promo of 4.6% for 2 years has helped Am bank secured the cash they needs. Am bank was fined by BNM RM 53.7 millions.

http://www.thestar.com.my/business/busines...gara/?style=biz

That green guy does not know the sequence...just like he said 6 months 4.5%, 1 year is more than 4.5%. Some more try o deviate on his original point....yesterday went UOB, banker cheque is 68 sen. Hope he will remember

This post has been edited by gsc: Dec 15 2015, 08:26 PM

No problem to get BC from UOB Penang. The teller not even informed me, straight away deduct 68 sen from the BC. Brought the BC to HL bank and top up with 68 sen so that the FD amount is rounded up.

Dislike UOB service, must first fill up form by customer service then take number proceed to casher counter. They should just hire clerks to fill in the form instead of hiring the customer service staffs. ....already said no leng lui in Ocbc, some more assigned a batang RM

I think you may not have known that the counter tellers cannot process BC request unless the form is filled up by the customer service "clerk"

To those need 68 sen proof, can show the image to them

This post has been edited by gsc: Dec 16 2015, 01:43 PM


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Two millions cash invest in properties will get much more return than the extra 0.02% FD interest

How to activate the sms option....does this apply to all accounts ...it is a very useful feature.....

This post has been edited by gsc: Dec 17 2015, 02:57 AM

It is good effort of you to find out the truth. Either these green guys just listen half or they are from Ocbc and trying to get people PM them for more info.

You can take picture inside bank?

Return 5.5% is the minimum or the most can get.
Every thing is guaratee sounds good. But the sifu is correct. Need to know the issuing party and past performance trend. invested on Public bank Templeton fund, only guarantee the principal.

Normal FD need to offer about 5.4% with compounded interest then only can slight match this bond paper. Fill up EPF quota first before considering this option.

This post has been edited by gsc: Dec 17 2015, 03:03 PM

Thanks will try latter. . Most of the time using phone banking. This feature very useful to monitor incoming fund

Central bank in every country manages the economy through monetary policy to control the money supply in the market. The basic tool used by central bank is through the interest rate. Increase interest rate when there is too much money in the market during the inflation and decrease interest rate when recession to stimulate the economic growth.
However during global financial crisis, in USA, the interest rate is zero percent and hence the conventional monetary policy of playing with interest rate is not effective. QE, quantitative easing policy was used. With confirmed economic growth, FED then only announced increase in the rate.

Domestic wise
Malaysia inflationrate is affected by the GST implemented in April and it has caused a cost push inflation. The ringgit has depreciated and it has increased the cost of input material imported from overseas. Again confirming a cost push inflation scenerio. People will be conservative in spending as future outlook is weak. Rightly, the interest rate should be reduced to encourage more spending.

Internationally, USA as expected raised the rate and this will affect the money supply in Malaysia market. With RM depreciation and US interest rates on the uptrend, the money may flow out of the country, increase the money supply. Interestingly China has offer to buy the Bond from Malaysia. If this is true the money supply through selling the bond to China will increaseve money supply

Oil prices outlook is on the down trend and Petronas has made a loss. This will affect government fiscal policy on spending. Budget 2016 - almost 80% income will be spent on the administration and sustaining. Very little left for spending to stimulate economy.

Tan Sri Zeti will retire in April 2016, judging on current BN ministers quality, my personal opinion is no one is more capable than her. The OPR will be decided by bank negara - her successor and the team.

Based on what I have mentioned above, I do not think 1Q next year will have any increase in OPR unless the US rate increase has caused a large out flow and China is not commiting on buying of Bond.

Malaysia GDP dropped last quarter and it has confirmed the country is experîencing slower economy growth. If the trend persists, interest rate will either maintain in 1Q and may even reduce in 2Q.

This is only my personal opinion and other members are welcome to discuss on the economic outlook.

This post has been edited by gsc: Dec 18 2015, 01:49 AM

QE policy is used only when the interest rate is near zero. Is Malaysia interest rate near zero? No. QE not applicable.

Thanks for the input on MPC meeting next year. Outcome of the meeting can be a decision factor on placement of FD

http://www.bnm.gov.my/?ch=mone&pg=mone_mpc&lang=en

This post has been edited by gsc: Dec 18 2015, 12:21 PM

Most of the bonds are denominated in RM.

Next Malaysian Government Securities will be due on 15 Jul 2016 (RM11.5b) and 15 Sept 2016 (RM 15.2b).

As mentioned earlier, BNM has to look at domestic economy trends and also global financial trends as Malaysia is part of the global system before determing the OPR. Following US increase the rate will tighten further the weakening economy and move towards recession. The question here will be how soon will BNM react. Anyway, your guess may be correct as it is very difficult to predict domestic and global economy with so many uncertainty in economic, political and the threat of IS.

This post has been edited by gsc: Dec 18 2015, 12:31 PM

Let's calibrate our eyeballs. Look at BCC Ocbc leng lui photo, is your leng lui better looking than that?

The gold price has came down but still much higher than before RM depreciated....US interest rate up again, gold will continue going down

Analyst said next year OPR remain in 2016....

http://www.propertyguru.com.my/property-ne...m_content=links

This post has been edited by gsc: Dec 18 2015, 06:52 PM

3 months 4.3% , how could the first 3 months better than the first 3 month of HL 4.5%? For simple compariso using months instead od days.

Assume 100k,
Affin bank

20k x 0.043 x 3/12
80k x 0.046 x 6/12

HL bank
100k x 0.045 x 6/12
Interest is credited monthly

This post has been edited by gsc: Dec 18 2015, 08:04 PM

public bank, account in Penang but I want to withdraw at KL branch. Max is RM10k, I think that was the limit. It happened about 2 years back. I told the teller I need more than that. She said unless Penang branch could verify me and allowed to do so. Called up the assistant manager Penang branch and gratefully he said okay. The teller said it is unusual they allowed me to do that.

No tickets...you got it thru sms or ? Anyway enjoy the show

Took up Public bank 4 months step up FD at 4.17 % effectively rate. I took this FD last month since I have some money idle for some times. No new fund required.
So far Public bank has a clear print out on the step up interest and it also shows the rate is locked in even though the bank when advertised mentioned rate may changed if OPR changes. See attached photo.

RHB has the worst FD print up on step up promotion. It prints only the first 3 months rate and maturity date after 3 months and cant tell the eventual maturity date which is another 9 months away.


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Had FD with SCB before, renewed or withdrew before without that small blue background FD paper. Was told do not need those on maturity.

You are one of the lucky Citi Gold customers.

That tall Ocbc PB centre counter girl? Leng lui?

Is there any ruling on not paying interest over non working days? Shall we write a complain letter to BNM?

This post has been edited by gsc: Dec 22 2015, 01:30 AM

A few months back HL junior saving rate instead of the same as 1 month FD has dropped to 2.5% but HL junior islamic isaving is still maintain at 1 mth FD. Was told yesterday, the islamic also drop to 2%.. Is this true.