Nowadays all FD rate is below 4% right??

expect your placement pending few days for verification purpose (first timer)

PIDM actually don't effect most of our decision on FD placement..

in fact, PIDM doesn't have the needed fund to "cover" all accounts in Malaysia (if really bank goes bust)

CASA opening also take time.. Same issue.
Verification purpose

True. Unless something really happens, then they are safe..
And trying to suck every ringgit from us but when claim time, so hard to get approvals..

since the previous case involving BR (Carpet dealer), I have some doubt with them..

now with this new scandal.. I'm speechless

PIDM only give some mental comfort.. it actually not enough fund to cover all accounts. I doubt if they can actually pay all the accounts in 1 banks, let alone all the banks under PIDM

not many interesting FD promo nowadays compare to previously before BNM cut rate

Sure ah??

the best rate for far

I suspect rate might change downwards again

For now, yes

Really? Where u saw it??

https://forum.lowyat.net/topic/4016823

OPR stay this wed but cut on Nov

Glad to have another 4% FD rate.. Only few have it currently

nope. u would lose a lot..

why not wait until Oct..

who know that time more better Promo rate

they know 4% is among the best now.. so take the opportunity to attract some new placements

Bank Negara seen keeping key rate at 3% as the country's economy is seen to be coping with global market volatility in the wake of Britain's June Brexit vote.

Brian Tan, Singapore-based economist for Nomura says a cut is more likely at BNM's next policy meeting on Nov. 23, when there could be a greater need to prop up growth as the government may tighten spending to keep this year's budget deficit close to the targeted 3.1 percent.

http://www.thestar.com.my/business/busines...y-rate-at-3pct/

since most analysts see another OPR cut in November, we needed to review existing FD portfolio & try to lock in the best rate now.
later after rate cut, the promo rate will be even lower. so don't cry after u missed the boat