please explain.

thanks

BR is not covered by PIDM

Let's all hope Tan Sri will give some "Ang Pow"....

agreed. unless is aiming for financial freedom

before opr cut, better offers were promoted by other banks. i believe that more or less the Cash were moved out from pbb. banks always need more cash (capital) to maintain their current status and many other usages. fd is just a part of programme to accumulate / to retent their cash.

I presume other Banks require capital too

There are unkers and aunties who die die must put PB cause other banks are GLC.
Also, there are people who die die put board rates with PB so that thier priority banking will not be revoke.
Also, being a Chinaman bank, they don't offer competitive rates. So less loss for them.

So no worries. With the above, PB always will have more than enough money.

This post has been edited by Ramjade: Aug 11 2016, 02:21 PM

PIDM is just for peace of mind

Today terminated 6 of MBB GIA-i acct and moved out the eggs. The GIA-i paid interest 3.75% other than those earlier than July 15th (or so, not exactly sure of the date), getting 4%. The MBB GIA-i is really good for temporary funds, received RM300 from this one in <1 month.

Used RENTAS. MBB must have the most expensive RENTAS now as it cost me RM9.54. Most banks is about RM5.30.
Anyway received in CB just minutes later ! When I step out from MBB received SMS notification from CB that funds deposited into my account ! FAST !

Glad to c u have utilized the proceeds to lock-in other 'Investments'

for 30k, do you think i should go for current best Affin 15mths (4.05%), Bangkok 12mths (4.1%) or wait a bit for the merdeka promo if there is any.

Not sure that is an "investment". Not really hoping for returns ......................................

+1

Being "Chinaman" banks, PBB and HLBB have strong capital cashflow and solid financial resources to keep themselves running. I would dare say they are the best if not, safest bet amongst local banks in Malaysia.

I wud suggest split 50:50 into Affin n Bangkok

For Rm30k? Need to go through so much trouble?

Yes for me
I need a portfolio with durations in separate maturity to ensure constant passive income

go for anyone will do. save your time to run around the banks.
unless you have 300k or 3m, then Bangkok is the choice.

whether to split is up to your own arrangement.

Good to buy share but bad for FDs.

Just go with Affin Bank. Always choose the highest interest giving bank unless they are out of the way. Your loyalty lis with your money not the bank.

Correct. Thats why when I want to transfer my FD out of HSBC, my personal RM told me that " Our customers usually dont care about interests rates"? I was thinking like "Then what should we care about besides that? Looking at your wrinkled pretentious face?"

Affin would be the better choice....more branches for your convenience.