i think same goes to vast majority of insurance company..they wont have sufficient capital to pay out to all insured..

This post has been edited by dEviLs: Aug 30 2016, 08:49 AM

There is a 5.2% 3-month deal by OCBC



They just launched a new capital protected FRNID linked to 3month KLIBOR, 5% p.a paid quarterly
Recallable if the KLIBOR hit upper barrier of 3.5% for first year and thereafter incremental of 0.1% each year
Looking at current condition seems like increase in policy rate is less likely so sounds like a good deal

but for this product since it's without service charge so the max amount for 3mth FD is half of the invested amount

This post has been edited by dEviLs: Nov 1 2016, 03:07 PM

http://www.ocbc.com.my/assets/pdf/Accounts...lth_Deal_v2.pdf

if you are new to bank premier customer you get 5.4%
http://www.ocbc.com.my/assets/pdf/Accounts...remier_Deal.pdf

lock 5 years, recallable if breach the upper bound..but there is no lower bound. So its a protection in low interest rate environment i suppose

ya since it has no lower bound for recalls then we stand to earn higher than FD if the rate stays low, and if it breaches the upper bound we can place FD with higher rate then

the upper bound increases from 3.5% in first year and then incremental of 0.1% till 4% at year 5
this one interest payable quarterly so i assume the maximum loss is one quarter of interest ?

just checked with my RM again and read the product disclosure sheet

interest is payable quarterly based on the actual number of calendar days where the actual KLIBOR is lower than the upper barrier
upon early termination if the upper barrier is hit then bank will pay back principal amount plus accrued interest for that particular period

but if the bank choose not to call back then that's the risk..

This post has been edited by dEviLs: Nov 2 2016, 03:19 PM

my bad..typo

yes no interest paid for days where KLIBOR is above the upper barrier..so that's the risk we need to take

just put in the minimum amount required..willing to take that risk

ya i think the bank will somehow take into consideration on opportunity losses by its customers as well as own reputation and call back before it really reaches maturity

how soon they called back upon hitting the barrier ?

3-month @ 5.2% but only half of your amount in the FRNID

This post has been edited by dEviLs: Nov 4 2016, 12:00 PM

genx bro shared RHB FD promo on his FB
6month @ 4.1% and 9month @ 4%
minimum 50k

I just placed this afternoon with the Jln Tun hslee branch

make full use of promo code by Grab/Uber

agree, we should take into account the maturity profile of own FDs. For me it fit well into my schedule in such way that i have fund maturing every other month

I was skeptical as well..double checked with the officer before placement

ya..usual routine to play merry-go-round with fds

too bad i don;t have internet banking with them

hmm not in my case..i am not a premier customer too

received SMS from UOB Medan Pasar
12month @ 4%. But asked to visit the branch this Friday

just placed over lunch time..need to open a new FD account for monthly interest

same here lol

a different type of FD acc..and i already had conventional & islamic fd acc before this
and of cos SA for the interest crediting