Your "slightly longer" means 2 yrs and above ? The 1 yr rate of 4.5/4.3% is slowly being eroded away.

how to put foreign currency fd?

Just say you want to put FD in x currency. Keep in mind that you will lose out on exchange rate. The effective rate will be lower than malaysia FD rates after counting the exchange rate. Personal experience. After that. I never place foreign currency FD with local bank anymore. My returns effectively were 1% p.a.
However, if you are overseas and the FD rates are good,j ust put FD. This is an example of a news which state Indians withdrawing their money from malaysia and park it in FD in India. Got higher rates than what malaysian banks are offering. India FD rates even higher than malaysian promo FD rates.

No. Read my post above. If you want to place those FD, be sure to go to that country and place it. If you place via Malaysian bank, you will lose out on exchange rate.

This post has been edited by Ramjade: Jun 20 2016, 11:14 AM

Called HL Penang branch to ask about the 6 mth 4.25%. It is still running until end of June.

Then for seniors >50 years old, 6 mth 4.3% still running, no end date yet. But have to open a Harvest SA with 1k. Can withdraw the amt after opening so it is not tied to the FD.

Please note the above HL offers may run in certain branches only. Call before u go to the branch to make sure it is available in the branch concerned.

This post has been edited by bbgoat: Jun 20 2016, 01:18 PM

Diversification for long term, yes.

Hedge against Rm especially for short or mid term? No.
You don't gain much actually if the amount is not significant.

While if amount is significant, there are plenty alternatives which may be more effective and better way or can get better yield compared to foreign currency FD rate that able to hedge against RM.

OK thanks Sifu Cherroy....
Indeed it's for diversification.....had already some on promo FD rates. Looking at the way RM is dropping....planning to hedge some in foreign currency maybe for the next 10 yrs.....not planning to use the money...

based on your advice, 10 yrs considered short-, mid- or long- term?

thanks

Best person to answer your question would be Hansel.

10 years is considered long term enough. We don't have many x10 years, probably only a few up to around 5.

May explore/post in the foreign currency FD, which we talked plenty previously.
https://forum.lowyat.net/topic/512136/+440

I went to HL Jalan Mega Mandung last week. Wanted to place 6 mth 4.25% but staff said hit target already.

I think only certain branches still have quota.. I been to bukit bintang branch, the staff mentioned no more FD promotion..

Thanks! Just surprised nobody talking about it anymore...hehe.....

Last week saw you guys posts, so just now called Penang HL branch. They said still available. So maybe like u guys said, some branch still running.

For me 5 years already long term. Not many X10 years, agreed !

lol....true true...mostly for children's education in future hahha...now getting older...risk appetite getting lower.....

I checked my Mach Online and for online FD placement, 6 months at 4.05%. Why is online placement rates lower than branches ?

Cause they want people to go to branch, have face to face contact and then BAM! Promote all kind of stuff in the hope you will buy.

If give you high rates online, you won't visit branch, how to sell you products?

This post has been edited by Ramjade: Jun 20 2016, 01:21 PM

Thats the purpose of coming up with MACH!. So that it suites the needs of new generation of customers who dont prefer going to the banks.

MACH itu nama je (marketing). End of the day, a bank is a bank and banks always try to make money from you.

You want high FD rates, you have no choice but to go to banks.

This post has been edited by Ramjade: Jun 20 2016, 01:32 PM

Ha, guess they only change the date and ntg else.

Anyone remember when is the BR 4.3% 12m promo ending? Thank you