That's the intention of BNM, tempted you to remove your money from saving

Yes, the government is trying to encourage local spending locally, but knowing Malaysians who usually save will continue to keep their money no matter what. Times are bad and everybody knows it, it would be unwise to simply invest right now.

Sorry... dont get you. You mean redraw money from flexi home loan account?

But for non bumis, ASB is only limited to a very small amount no?

Yes

For? Placing in FD ?

This post has been edited by TOMEI-R: Aug 10 2016, 04:49 PM

Nope
Wat I meant was instead of straight forward prepayment, choose re-draw facility
U can withdraw in future for emergency

so we can "help" the economy

well if u know the way & have the right strategy..

it's can become big amount too..

some have 7 digits in Amanah Saham funds

To assist the country GDP numbers

Malaysia GDP growth seen slowing to 4% y-o-y in Q2: poll
http://www.businesstimes.com.sg/government...-o-y-in-q2-poll

depends on which banks terminology i think? for example if im not wrong uob calls it prepayment and i can withdraw it...ocbc calls it capital repayment.

back to fd, i managed to renew fd from hlb last week at 4.15 but no more this week...

Does it means more rates cut to stimulate the economy

yes.

most likely another one by year end

Instead of putting in FD, might as well put in flexi home loan account.
The rates gap between FD and BR is getting bigger.

In fact not much difference
Assume HL at 4.25% (i.e. BLR - 2.40%) -v- 12 mths FD at 3.95%
Assume HL for RM500k, daily int around 4.10 (savings)
Having said tat, need to consider the administrative process n charges to withdraw later

oh yes, limited amount.





GDP for the believers.

kebodohan bnm. as though i get helped if i lose my income. bodoh malaysia

got to live with gud and bad news. sing 'how to mend a broken heart'.

coincidentally i have 3 fd maturing after the opr free fall

U have OCBC/UOB/Affin to choose