If maybank eGIA-i don't change, that would be better option than affin (liquidity and same interest)

Damn. Cannot do anything. Still best place to park short term money. Thanks for informing.

Maybe 4% until date of announcement of 3.75%?

Er uplift only when you need it. Unless you have better parking place?

No.

Not applicable for HLB, affin bank. Told me to come tomorrow if bring cash.

Of course it will be affected. Mana ada bank nak give you free money when OPR is cut?

Most or less yes. When news of OPR is cut, most banks stop their FD promos. You want FD promos, wait until august.

Drop liao. 3.75%

Expect further drops as they say BNM going to cut 2x more times.

You sure or not?
(i) OPR cut already
(ii) Before OPR cut also public bank don't offer 5%.
(iii) Public Bank is not a generous bank.

Having said the above, I am very sure it's tied to public mutual. No free meal. To answer your question, I am exiting the FD world. so I am no longer looking for best rates but I can assure you there's better onse. Take Bank rakyat FD for example. Look at the fine print of public bank. Look for the word "effective rates" then you will know whether public bank really generous or not.

It depends. Look at the previous post. Shorter term give better returns. But before OPR cut, generally longer give better interest like how last year for 5 years FD, the rates were 4.6%, 4.7%. Banks used to offer high rates for longer term because they expect/bet that some will make early upliftment hence the banks only need to pay half the interest* (you are giving free money to banks if you uplift early)
*exception for this is maybank eGIA-i where you will still get full interest calculated daily even if you uplift early

This post has been edited by Ramjade: Jul 26 2016, 10:26 AM

I believed this is a one time thing right? After 3 months one cannot replace it again at 5% right?

The 5% have been ongoing for 1 year +.

Old news la. LYN folks are the one who come up with this trick.

Really? I thought you can just close after 3 months? So what's the min duration to maintain?

Did you close account?

Any duration. Duration not important.

Any penalty on closing that account after 3 months?

GIA no PIDM what.

Agreed. But their eGIA-i beats all SA, 1-2 months eFD. So good of parking short term. But I feel their rates are better than HLB/PB.

This post has been edited by Ramjade: Jul 28 2016, 03:46 PM

If like that, avoid all GLC banks. GO for PB/SCB/HSBC/OCBC/UOB/Alliance Bank

How about eGIA-i? Eg put for 12months, first 3 months at 3.75%. If 4th month onwards drop, so how? 4-12 months at lower rate?