I just log into RHB online, they are using new interfaces. I dont see e-FD promotion for fund from other bank. When i search from the "Term Deposit", it only shows 2 options with 1.8%  for 6 months. So, is that all from RHB or i missed somewhere the link for e-FD promo ?

This is good news if BNM decides to follow the projected lines to fight inflation.

CONGRATULATIONS BNM!, you decided to push Ringgit lower and make ALL malaysians poorer. Thank You!

The trend may not reverse, but the speed at which it depreciate will. Take a look at Turkey. The gov does not allow its central bank to hike rates even with the wild inflation going on. The results? Went from 1 usd to 3.54 lira in 2017 to now 17.22 lira (486% in 5years). It went from 1.48 in 2006 to 3.54 in 2017 (239% in 11years) I rest my case and the data speak for themselves.

Also, our Ringgit depreciation accelerated after the 1MDB scandal. Politics matters. If the gov continue the same course it is on, Ringgit is hopeless. Only the well connected will prosper and the rest just get more poor.

anyone ever place foreign currency FD? can share your experience? any charges from bank? [COLOR=blue]any different from normal fd?[/
COLOR]Thanks.

USD
maybank                                2.73(3m)      3.20(6m)
cimb                  1.65(1m)        2.10(3m)      2.60(6m)          3.30(12m)
alliance bank      1.80(1m)        2.50(3m)      2.80(6m)          3.20(12m)

since it will have another opr increase another few months, is it recommended to placement for 3 months instead of 6/12 months now?

Yes, MYR started depreciating since 2011 (actually if u got a very long term chart, MYR going down since 1980s), but my point is the SPEED of decline before and after 1MDB was officially known on January 2015 when Wall Street Journal started to cover this scandal with documents leaking out. Here are my facts with the charts I can find on the internet:

13 Jul 2012 USD/MYR was 3.18653
03 Jan 2015 USD/MYR was 3.517 (dropped 10.37% over 2.5yrs)
13 Sep 2015 USD/MYR was 4.4585 (dropped 26.77% over 8months)

Furthermore, markets move even before the 2015. Why? because sure got smart people knew something is brewing. By the time, it is official, these "insiders" already made most of the profits. If you google for the time line of the scandal, the whole thing started since 2010 in May when 1MDB signed deals with Qatar and UAE. In 2013, Goldman Sachs helped raised US$10Billion. In 2014, The Edge magazine reported 1MDB had USD$10billion debts.

The whole scandal started way way BEFORE 2015 and like I said, "insiders" already started to push down the currency because they KNEW. Then, later when EVERYONE knew in 2015, the falloff ACCELERATED.

Turkey got no EPF? I googled. They got so called social security institution. I cannot post the link because I am still under probation. Here is what I found:

The Social Security Institution (Turkish: Sosyal Güvenlik Kurumu (SGK)) is the governing authority of the Turkish social security system. It was established by the Social Security Institution Law No:5502, which was published in the Official Gazette No: 26173 on June 20, 2006. This brought five different retirement systems that affected civil servants, contractual paid workers, agricultural paid workers, and self-employed workers into a single retirement system offering equal actuarial rights and obligations.[1]

You can double check.

Yes, it is true and I will not deny that Malaysia CURRENTLY does not have run away inflation. But, is that a reason to let our guard down? If you don't nip the problem in the bud, it will be very difficult to cure when it got out of hand. It's just like cancer treatment, for that matter, any medical problems. PREVENTION is always, ALWAYS better than treatment. PREVENT possibility of runaway inflation is better than having to treat it when it is running out of hand.

Just discussing my view. NOT intended to quarrel.

CONGRATULATIONS BNM!, you decided to push Ringgit lower and make ALL malaysians poorer. Thank You!

Good Tips! Just wanna ask.. lets say i got 200K cash, so do u mean for July i placed in 50K as FD for 12 mths, come Sept i placed in 50K as FD for 12 mths, come Nov i placed in 50K as FD for 12 mths, come Jan i placed in 50K as FD for 12 mths.

So meanwhile while waiting for the Sept rates, where should i park my 150K cash? maybe in KDI save? is this how it is played? pls advise.

Actually when was the first interest rate hike this year

Thanks. Just want to keep track.

Anyone know got latest bank rakyat promo or monthly interest FD payment promo?

Btw, not sure if this is appropriate for discussion here. Does anyone puts FD in Singapore or elsewhere? Planning to park some money is SGD for hedging purposes.

CIMB SG has 2.3% FD now. I think those are board rates you mentioned. Same like here, always go for promo rates. Anyway. It is for hedging purpose. Split my portfolio, dump some money there for safekeeping in case things go the Sri Langkan way here.

Funny they did not list Affin Bank

I know someone who is in his 50s, have 5m in cash, no commitments and strictly interested in pure FD only. Why you may ask, he doesnt see the reason for taking risks, assuming only at 3%, he's getting RM12500 a month for his own use, mana blh habis, he said.

I believe he had himself 'covered'. Since he cannot finish RM12500, a bulk of it will be put back into FD. That's compounded savings. Plus he was quoting 3% only, imagine 4% or more. His life, my goal