Anyone recall what was the average 12m FD promo rate when the OPR was 3%?

OPR cut will ease property buyers burden of servicing home loans, says SP Setia CEO
http://www.nst.com.my/news/2016/07/158107/...ys-sp-setia-ceo

Gud for borrowers but bad for depositors

Ya, like "iron rice bowl". But need a lot of retiring spare money to lock in 5 yrs.....

Public bank also took down its 6+6 months FD offer in their website around 4.2% one.

Banks generally quick to react on FD rate when OPR being reduced time.
Can say immediate/next day when OPR reduction is known.

The slowness may cause bank a lot of extra interest needs to be paid.

But they generally will react much slower in reduction of BLR or BR.   

Damn ! Just found out RHB OTC IGB per transaction limit is RM100k only.
The teller suggested me to use RENTAS instead as the cost of one RENTAS transaction is cheaper then multiple OTC IGB transactions and faster fund transfer.

Since I walked pass few banks this morning, I went in to ask about FD rates:
1. RHB - All board rate
2. BSN - All board rate
3. Alliance - All board rate, except 3mth 4.00%
4. UOB - All board rate

Just walked in to Public Bank to check ...... 12-months FD rate @ 3.15% :-(

Bbgoat. Our gia dump got affecerted or not. Because it's say not guaranteed 4.5

If gia rates are guaranteed... then might as well make it to be conventional fd.

Cimb current  promo
3m and 12m both 4%. Min 10k.

Dont know till when as subject to change.

note to self. Cimb BC for fd upliftment is 68cent

that's what i thought too. maybe they have revised it 

are you premier? mbb charged me 5.83 this morning.

yes, uplifted efd. so i should have gone to counter to uplift?

Thanks, I am aware of this applies to all banks. I asked the bank staff, do I need to open Islamic saving account if I already have conventional saving account, she said no need but I saw one member said yes. Yesterday was a long wait in HL bank as many people placed FD there.

Now have to open Islamic SA. Effective date is placement date.

maybank gia dropped to 3.75℅

now it makes me wonder: should i uplift my 4% parked money there?

USD/MYR is awaiting u 

I called up before I go and was informed need top up additional 10% of my existing FD that i want renew if i want the promo 4.25% rate.

then at counter she press here.. press there... and the Q behind me was tremendous... The manager come..
Then she ask if its alright with me, if she just renew the old FD and return me my 10% cheque as she not sure how to process it. Apparently, their system do not allow mixture of cheques and cash for islamic banking.

After all the issue on "FRESH FUND" blah blah....

That is HOng Leong.. today. SUPER in-efficient. Only 2 teller operating and they not sure how to do conversions between conventional to islamic.

i have to Q 40 mins before my turn. And those behind me, easily 1 hr plus waiting time... So, i just
did the renewal so, as not to hold up the Q.

Just received today

OCBC Bank (20th July - 31st Aug 2016)

1. Fixed Deposit Deal
8-m @ 3.80%pa
12-m @ 3.90%pa

2. Fixed Deposit Deal Islamic
8-m @ 3.85%pa
12-m @ 3.95%pa
* T&C applied
* Fresh Fund Required
* Min 10k
* Max 10mil

3. Premier Wealth Deal
3-m @ 5.30%pa
* T&C applied
* Min 10k

4. New-to-Premier Deal
3-m @ 5.50%pa