Nice nice. My next FD to mature end of March is in UOB! Hope to see higher rates in other banks.

Guys, need to confirm one thing on FD vs home loan.

Short story, I have an ongoing full-flexi home loan with linked current account. If dump into the current account, the amount will offset the home loan interest. At the moment, my home loan interest is BLR - 2.45% = 4.15%.

So, I think I am not wrong to say that I should continue putting into FDs that have higher rates than 4.15% rather than dumping into the flexi-loan right? Settling the loan is not an issue as I can settle it anytime but rather need the liquidity for other purposes (the monthly fee of RM10 is also minimal and is not a big issue).

This post has been edited by kmarc: Mar 21 2016, 03:50 PM

Right thx.

Errmmmm... wait wait. Now I'm a bit confused. Hehe.... my loan was in 2011. BLR-2.45%. At that time, BLR was 6.60%. Now banks use BR. So what is the current BLR?

Cool. Thx. Guess I will go for FD if only the rate is 4.5%. If not, dump into home loan and wait for next opportunity.

Don't understand. You're referring to FD rates?

Actually I can just issue a cheque from my home loan current account and put in UOB FD this week for 4.5% then uplift the matured FD next week and dump into home loan account. Still fresh fund! Just that lazy to go twice......

Thx for the link. Now I understand. In that link, it was also mentioned that HSBC was also planning to raise rates. However, after some googling, it looks like HSBC didn't raise the rates. Phew!

In that case, I think I better dump back into home loan first. FD next time.

This post has been edited by kmarc: Mar 21 2016, 10:33 PM

Most home loan current account charges rm10 every month. It is automatic.

Nice. I never tried BR before. Maybe next time go see see....

Can ask further in property thread as this is FD thread.

Went to UOB today. 1 year 4.5% still available but only up to end of March.

I think he was referring to 5% FD rate in Malaysia.....