Total interest paid for 24mths @4.8% = total interest paid for first 12mths @4.3% plus total interest paid for second 12mths @X%. Solve for X and you should get 5.3%.

The bank would maximise profit if they minimise their costs in terms of interest paid on deposits. Therefore they should only have offered the 24mths FD @4.8% if they expect the 12mth FD interest rate in January 2024 to be 5.3% or higher.

How do you come across that conclusion is Para 1? ZERO chance 12m FD at 5.3% in a years time man. For us to hit that OPR needs 4 to 5 25bps hikes. Which is insane given inflation has been moderating the last six months.

FYI in any case, forward OPR curve is not the only consideration when setting FD rates across longer tenures.

since you've been following this topic closely, refer all new promo rates (effective 20 Jan) which have been posted here since 19 Jan

ignore all other rates until stated otherwise (eg reconfirmed by users)

i wonder what are the chances that this will be extended.....

their eFDs is 4.15% for 12m and also ending Feb 3rd. Wonder if this will be extended or even reduce since no OPR increase
Looks like Invikta members only get a tiny bit more. Btw do they charge any membership fees?

Hi all sifu what benefit fd put in 1month with 1year?

As I know 1year fd rate higher then 1month rate but if put 1month ez take out anytime becoz every month got interest

if monthly they pay interest, if let just say after 10 months then i decided to withdraw will they clawback the interest from my principal amount?

Bank Rakyat 4.8% for 2 years with monthly interest is still available but it needs at least RM 100K or above.

You can ask any Bank Rakyat branch for 4.8% for 2 years, this rate does not open to anybody unless you have sufficient
fund to meet the minimum requirement, this 4.8% rate needs to get approval from Bank Rakyat HQ.

Last round interbank  interest rate Klibor 3 m kept moving up hitting my CIMB upper limit 3.70, my structured product 5.5% coupon  became  ZERO, luckily lasted only  6days since OPR was kept same, very fast interbank rate retreated from 3.71 to 3.70, then to 3.68 and today 3.67..interbank rate is indication OPR going up or not unless the bankers again get it wrong .
Ambank 4.3% for 12 month is premier banking only...

other bank premier give higher FD rate?

So fast the 4.5% FDs all gone...

the highest may be Ambank TIA upto 4.37%  50:50 CASA thingy
but need at least Rm1 million only can reach that 4.37%

Self contribute to EPF 

So u put  a lot into 4.8% fd?

u can get more urself?

Central banks & governments all over the world will inflate their currency so that it is cheaper to fund their national debt i.e. inflation rate > interest rate which leads to EPF having to speculate into riskier assets like KLSE for higher gains. At the current inflation rate, doesn't matter if EPF dividends or bank interest rates are even at 7% as you will still be losing purchasing power over time.

Got

Post #25425
memang TIA bank can pay us less

if no one kena less before can in again

if someone sudah kena ->means bank now dare lose reputation just to cut from us

Don't need to wait too long, by 3rd quarter FD rate should be around 4.8% or more

12 months. Bundle deal. I done more checking, Basic Savings account apparently based on rate online is 0.25% if less than rm500k... So for the first rm500k 0.25% not 0.3%. Meaning effective rate might be between 4.38% to 4.4%. Not sure if the earmarked BSA 50% portion will get 0.3% or rate based on online. Still better than 4.3% OTC pure FD with a nonsense 10k requirement in BSA.